The student's records are received into the Banner Software System through the records download process. The students are then assigned to tracking groups based on the Department of Education. If any discrepancies exist on the record the institution can place a student’s file into a verification status at their discretion.
Students are awarded on a first come basis. A file must be completed and "verified" students are required to document all income information.
Need is calculated using the following formula:
Cost of education:
Minus student/parent/spouse contribution:
Equals your need:
The SAR indicates the EFC (Estimated Family Contribution). The Financial Aid Office receives your information submitted to the Department of Education electronically. Student's files are downloaded into the Banner Software System weekly during our peak periods. Students are not required to submit their SAR's to the Financial Aid Office.
The aid package is the final step in an attempt to meet the student's eligibility with program dollars.
Scholarships and Grants are monetary awards that do not have to be repaid. Scholarships are awarded based on student's academic merit. Grants are offered to students who have a financial need.
Porterville College is not currently participating in the Student Loan Program
July 27, 2015