Financial Aid & Community College

<p>Hey all,</p>

<p>I plan to move to Santa Monica to attend Santa Monica College this fall semester. I will be coming from out of state (Florida), and unfortunately won't be receiving any financial contribution from my family. Therefore, I will be paying for rent, food, out-of-state tuition, and all other expenses on my own through work, scholarships, and other financial aid such as grants and loans. </p>

<p>That being said, my biggest concern right now is that in order for me to look into renting an apartment, and pay for school, I will need to know how much money I will be able to obtain—and borrow too—and when. Perhaps this is a relatively straightforward process and I just need to wait for my file to be processed, but I'm rather new to this and just want to make sure I understand how everything works. </p>

<p>FYI, I had originally planned to attend SMC in the Spring semester, and after submitting my financial aid documents at the time I was emailed back with a financial aid award of almost $3,000 dollars based solely on the amount of classes I was going to be taking (less than full time). But of course, as I mentioned before, I'm also concerned with being able to pay for rent and all other expenses. </p>

<p>So, how does this work exactly? Is my financial aid file supposed to come with a break-down of all the things I have to pay for and the sources from which I can obtain the money? Again, I'm new to this whole financial aid process and will appreciate any pointers you guys can give me, or if you'd like to also share your personal experiences that will be totally cool too. </p>

<p>You are planning to enroll in a community college and as an out of state resident. Community colleges do not meet full need for all accepted students. You are guaranteed a Direct Loan of $5500 as a full time student. To be honest, that is all you are guaranteed, and it is not likely you will receive a lot of money in addition to that amount.</p>

<p>Did you and your parents complete and submit the FAFSA to this community college? When did you do that? You can call the community college to see when they will be sending out financial aid notifications.</p>

<p>What is the total cost of attending this community college as an out of state student full time? How much do you think housing and your other living expenses will cost? I’m going to guess that it’s going to be upward of $20,000 for the year. And I will further guess that your financial aid will be a drop in the bucket.</p>

<p>To be quite frank, plan to be paying all of your bills out of pocket, except that $5500 loan. If you happen to get some financial aid, it will be a happy surprise. But please, either have some other less expensive college plan, or another way to pay for this school. It may very well be unaffordable.</p>

<p>@thumper1‌, thank you for your prompt and honest reply. Let me give you some background as to what my plans are. I am an international student – that is, I completed high school in a foreign country. However, I am now a Permanent Resident in the US. I am going to major in Computer Science; I’m a self-taught computer programmer, and it’s one of my biggest passions in life, so this is the route I want to go career-wise. With that in mind, I have put a considerable amount of effort into researching what the best schools and areas in the US are for my major, and California is quite undoubtedly the place for me to be at.</p>

<p>This is where me attending Santa Monica College comes into play – this CC happens to be a fantastic transfer school to four-year universities in the UC system and other privates schools such as USC, schools that have long-standing relationships with some of the biggest companies in the software industry. Not only that, but living in this area is also a big selling point for me – it allows me to attend developer conferences and other workshops that happen on a weekly basis, which translates to me meeting like-minded individuals and building ties with people whom I could potentially work with later down the road. Honestly, it’s kind of hard to put into words just how much of an advantage it would be for me just being in the area. The cost of attendance for the first year as an out-of-state student at SMC, including housing and other living expenses, would be around $20K. </p>

<p>Now, I have also considered my local options, both CC and four-year schools, and the COA would be around $10K or less per year, and I would still live with my parents. In my case, living with my parents is not necessarily a good thing – sure, it’s great to have the family support close to one, and so is not having to pay for rent, but there are other things that I consider more important to me, such as not feeling like I’m being held back and not having my attention constantly shift towards things that aren’t going to help me reach my educational and professional goals. But back to the main point, staying at a local school for a couple of years and then transfer to my school of choice in California is certainly an option, and if I went that way, I would still be on my own as far as paying for college goes. Like many in the [Loan</a> Reality](<a href=“http://talk.collegeconfidential.com/financial-aid-scholarships/1637435-the-loan-reality-p1.html"]Loan”>The Loan Reality - Financial Aid and Scholarships - College Confidential Forums) topic, I’m one of those for who loans, grants, and any other type of financial aid is the only option, unfortunately. </p>

<p>Ideally, I would like to maximise my chances of getting into either of my school(s) of choice in California, and focus on my career while simultaneously cutting down on costs. I can cut down on costs by staying local, but I believe going to SMC provides me with many more advantages even if that means paying for out-of-state tuition for the first year (second year I’d be a California Resident), and housing as well. And you know, at the end of the day, a solid educational performance should theoretically get me into any school I want regardless of what CC I go to, but I genuinely feel that if I can maximise my chances of getting into my school of choice, then that is something I am prepared to do as long as it’s in my reach.</p>

<p>Now, let me ask you, why would I only qualify for a Direct Loan? How about other loans? And grants? I submitted the FAFSA about a week ago and was notified later that it had been processed successfully and sent to the schools I had listed. Thanks again one more time, and I’ll appreciate any other thoughts I can get on this matter.</p>

<p>Um…actually the second year it is not likely that you will be considered an instate student. You need to check the residency requirements for the colleges. These do vary. But as a green card holding student, with parents living in another country, I can’t imagine how you think you will qualify for instate status after one year. Are your parents relocating to California also?</p>

<p>Plus, how will you pay for that first year? That is the question.</p>

<p>Yes, you have done a good job in terms of the location for your future career. But the instate status you are seeking could very well be the snafu you that gets in your way.</p>

<p>Now regarding aid…if you have a FAFSA EFC that is $0, you would also get the full Pell Grant of $5600. If your EFC is over $5000 you would not be entitled to the Pell at all. Some colleges have SEOG but I don’t think CCs do. There are no other federal grants. The only guaranteed loan is a Direct Loan…$5500 for a first year, full time student. Some students also get Perkins Loans, but those have very limited funding per college, and likely have been awarded by now. </p>

<p>My point is, you will not likely get $20,000 in financial aid from a community college. </p>

<p>What WAS your FAFSA EFC? Your parent incomes and assets are required. Hope you included them!</p>

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<p>No… you almost certainly will not be.
Why do you think you would? Have you read the residency requirements? </p>

<p>(x-post w/ thumper) </p>

<p>I have gotten myself acquainted with residency requirements for California colleges, and it essentially states that for a person 19 years of age and older: (a) continued physical presence in the state of CA, (b) being under an immigration status that allows you to establish residency, © having at least two proofs of intent in your own name; all three of these requirements must be dated one year and one day prior to the residency determination date. In my case, I’m right on 19.</p>

<p>As for my FAFSA EFC, it was $0. Definitely getting that funding to pay for the first year is the biggest problem I’ve got at hand right now. I have read about private loans too, but those are something I don’t want to resort to unless absolutely necessary. </p>

<p>You cant get private loans since you wont have a qualified cosigner with EFC 0 parents.</p>

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<p>That cannot be right…and even so, that doesn’t include the months that you are not in college. I doubt that you would be able to live and go to school as an OOS student in Calif for less than $30k per year while living there year round.</p>

<p>The rules for residency in Calif are very tough. You probably couldn’t get residency after one year since it is obvious that you’re moving there to go to school…and your parents don’t live there.</p>

<p>AS for your EFC 0, you’d get about a 5700 grant and a 5500 loan…that is it.</p>

<p>You may have a plan but it is not affordable.</p>

<p>For INSTATE students</p>

<p>Living away from home</p>

<ol>
<li><p>Enrollment Fees($46/Unit) $1,386</p></li>
<li><p>Books $ Supplies $1,746</p></li>
<li><p>Room & Board $11,494 (for school time ONLY)</p></li>
<li><p>Personal Expenses $2,872</p></li>
<li><p>Transportation $1,278</p></li>
</ol>

<p>Total for California Residents: $18,776</p>

<p>For OOS students taking 16 credits per semester…add $7000</p>

<p>so, YOUR costs would be $26,000 PLUS the rent/expenses for winter break and summer time (another $4k-5k)</p>

<p>Also, you are planning to establish residency WHILE you are attending college in CA. You should read carefully as this will vary, but in most cases, you are required to do so a year before you start. </p>

<p>The uphill battle you will have…your family does NOT live in CA. You did not attend a CA high school, and graduate from a CA high school. Your PARENTS do not have a permanent domicile in CA.</p>

<p>In addition, you will have to demonstrate that you are TOTALLY self supporting. In other words, you will have to show INCOME that can pay all of your school and living expenses. </p>

<p>If you earn $25,000 this coming year, you will NOT have a $0 FAFSA EFC for the following school year. </p>

<p>You might be able to get instate status to complete your community college courses that second year (paying for them is a whole other issue). But the four year public universities are far less lenient than the community colleges.</p>

<p>In CA at the four year publics, the vast majority of need based aid is Calgrant money. You would not be eligible for this at all, I don’t believe.</p>

<p>ETA…even IF you gain instate status for tuition purposes, you will NOT be independent for financial aid purposes. You will still be required to include your parent income and assets on that FAFSA form. Hope you did that this time too!</p>

<p>But let’s do some supposing. If you happen to get instate status for your second year, you will still NOT receive full funding including tuition, fees, and all living expenses from that community college. The most you would get guaranteed would be about $11,000. And that is if you are attending college full time. You would still need to work and earn enough to pay the difference yourself…while attending college full time.</p>