Types of Financial Aid

Federal Aid

(Apply by completing the FAFSA each year after January 1)

Massachusetts Aid

Must be a MA State resident at least one year prior to receiving funds.

Cape Cod Community College Awards

Additional Source of Aid

This may not be on your letter.

Federal Work Study
If your total awards are less than your demonstrated financial need, you may qualify for the Federal Work Study program. Work study allows students to obtain part-time jobs on-campus and in certain off-campus, community service positions. Students receive paychecks every other week according to the number of hours worked.

A complete listing of work study positions is available at the Financial Aid Office. The staff can also provide you with additional details about the work study program.

To find out if you are eligible for a work study job, contact the Financial Aid Office.

Federal Direct Student Loan

The Federal Direct Loan program allows you to borrow funds for educational expenses. The amount for which students are eligible varies by individual. However, the loan cannot exceed the estimated cost of attendance less all other sources of financial assistance. There are also maximum academic year limits established by federal guidelines.

Federal Direct Loans require you be enrolled in at least 6 credits per semester. Subsidized loans are interest free while you are in school; unsubsidized loans accrue interest from the time of disbursement. The loans are issued in two disbursements and may be reduced for origination and guarantee fees. Repayment begins six months after dropping below half time status.

To receive a Federal Direct Loan, you must do on-line entrance counseling and the Master Promissory Note (MPN). These links can be found on the How To Complete Loan Counseling web page.

You MUST also return the Loan Request FormPDF document with the amount requested to the Financial Aid Office before your loan can be processed. If you have any questions, please call the Financial Aid Office at (508) 362-2131 x4395.