Types of Aid
Here at Georgia Military College, you have several options to choose from when deciding how to finance your education. Take the time to read the information on the various options below, and as always, please feel free to Email Your Campus with any questions you may have.
Financial Aid Types
Need and Non-Need Based Aid
Financial need as it pertains to financial aid eligibility is determined by using a simple formula in which GMC subtracts the student’s Estimated Family Contribution (EFC) as calculated by the Federal Pell Processors from the student’s Cost of Attendance (COA), as follows:
COA – EFC = Financial Need
Federal regulation states that certain types of financial aid are “Need-based” awards. This means the total amount of financial aid awarded cannot exceed the Financial Need as calculated using the above formula. The following chart lists types of aid which fall into this category:
- Federal Pell Grant
- Federal Supplemental Equal Opportunity Grant (SEOG)
- Federal Subsidized Direct Loan
- Federal Work Study Program
- State Service Scholarship for Cadets
All other aid is considered “Non-need-based” aid, and eligibility is calculated without considering the EFC. GMC subtracts all Need-based aid already received from the COA to determine the Unmet Cost, as seen in the formula below. Total financial aid awarded cannot exceed the COA for any given award period.
COA – Need-based aid = Unmet Cost
Shown below are types of Non-need-based Aid available at GMC:
- Federal Unsubsidized Direct Loan
- Federal Direct Plus Loan
- Private Student Loans
- Georgia Tuitition Equalization Grant
- Georgia HOPE Scholarship
- Georgia Public Safety Grant
- Georgia Student Access Loan
- Georgia HERO Schaolarship
- Georgia HOPE GED Voucher
- Georgia Zell Miller Scholarship
- GMC Institutional Scholarships
- Outside Scholarships (unless designated by donor)
- Military Tuition Assistance
- Veterans Benefits
- Other Military Grants
- ROTC Scholarship
Scholarships are awarded for outstanding achievement in academics, extracurricular activities, or community service. Georgia Military College offers a variety of scholarship opportunities.
Any student wishing to apply for a Georgia Military College Foundation Scholarship to help finance his/her education may complete and submit the scholarship application available from the Office of Advancement. Many private companies and foundations also offer scholarships for which you may be eligible.
Georgia Tuition Equalization Grant (GTEG)
The Georgia Tuition Equalization Grant (GTEG) program provides non-repayable grants to eligible Georgia residents who enroll on a full-time basis at Georgia Military College.
To be considered full-time, a student must be registered for 12 or more credit hours and attending class at least one day after the end of the school's drop/add period for each term. If a student officially or unofficially withdraws, drops out or is expelled before the day after drop/add, the student is not eligible to receive GTEG. Attendance is monitored to verify eligibility. GTEG eligible students can receive payment for the summer term and three (3) quarters during the regular award year (Fall I – Spring). Please see the financial aid representative at each campus for further information and current year eligibility amounts. State grant regulations and award amounts are subject to change during an award year.
HOPE (Helping Outstanding Pupils Educationally) Scholarship
Students who are eligible for the GTEG program may also be eligible to receive additional assistance under this state scholarship program. HOPE Scholarships are available for qualified students attending GMC and may be applied to tuition and mandatory fees not covered by another source that is applied to student's tuition and fee charges. Recipients do not receive a book allowance for attendance at GMC. Full-time enrollment is not required. HOPE eligibility is determined using attempted hours according to HOPE Program regulations. Contact the Financial Aid Office for eligibility requirements.
HOPE (Helping Outstanding Pupils Educationally) GED Grant
A one-time $500 HOPE voucher is available for Georgia GED recipients, who are also Georgia residents.
Federal Pell Grant
The Federal Pell Grant is awarded only to students who have not earned a bachelor's or professional degree. (A professional degree is earned after earning a bachelor's degree in a field such as medicine, law, or dentistry.) To determine if you are eligible, the U.S. Department of Education uses a standard formula, established by Congress, to evaluate the information you report when you apply using the Free Application for Federal Student Aid. The formula produces an Expected Family Contribution (EFC) number. Your Student Aid Report (SAR) contains this number, in the upper right portion of page 1, and will tell you if you are eligible for a Pell Grant. This number is subject to change. The Federal Pell Grant does not have to be repaid.
Federal Supplemental Educational Opportunity Grant (FSEOG)
A Federal Supplemental Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial need -- that is, students with the lowest EFCs -- and gives priority to students who receive Federal Pell Grants. An FSEOG does not have to be repaid. There is no guarantee every eligible student will be able to receive an FSEOG; students are awarded an FSEOG based on the availability of funds at the time financial aid awards are packaged at Georgia Military College.
Federal Work-Study (FWS) eligibility is based on established financial need and at least half-time enrollment. Jobs are located on campus and work schedules are planned around the student's class schedule. Community service positions are also available through the FWS program.
FWS funds are not available at registration to pay for the student's fees. Students are paid on a monthly basis for the actual hours worked. All interested FWS recipients should complete the Application for Federal Work-Study, available in the fianncial aid office. Eligible students will receive an Award Letter with the amount per quarter the student is eligible to earn.
A loan is a form of financial aid that must be repaid, with interest. Few students can afford to pay for college without some form of education financing. In fact, two-thirds of undergraduate students graduate with some debt. Education loans come in three major categories: student loans, parent loans, and private or alternative loans. A fourth type, consolidation loans, allows the borrower to lump all of their loans into one loan for simplified payment.
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