|What are the Campus-Base Aid Programs?
There are three federal aid programs which are administered by Kingsborough's Financial Aid Office. That is why they are called "campus-based" aid programs.
Federal Supplemental Educational Opportunity Grant
This program awards grants to the most needy students who demonstrate exceptional financial need. These monies are not repaid.
Federal Work-Study Program
The program provides jobs to students with need, allowing them to earn money to help pay educational expenses. The program pays no less than the minimum federal wage scale for hours actually worked. Jobs can be within Kingsborough – in an office, for example, or with a private, non-profit or public agency off-campus, perhaps in an area of interest to you. The amount you may earn cannot exceed your total Federal Work-Study Award (budget). Generally, your work schedule will be structured around your class schedule. Along with need, your academic performance is carefully monitored to assure that your job commitment does not interfere with your academic achievement.
Federal Perkins Loan
A Federal Perkins Loan is a low-interest (five percent) loan for students with exceptional financial need. Kingsborough is the lender. The loan is made with government funds with a share contributed by Kingsborough. You must repay this loan to Kingsborough. Depending on when you apply, your level of need, and Kingsborough’s funding level, you can borrow up to $3,000 for each year of undergraduate study with a maximum of $15,000 during your academic career. Other limits apply to graduate or professional study.
For more information about these programs, contact the Financial Aid Office.