TYPES OF FINANCIAL AID

//TYPES OF FINANCIAL AID
TYPES OF FINANCIAL AID 2018-07-10T22:22:30+00:00

Financial aid is money to help pay for college expenses. Financial Aid can come from various sources including:

  • the U.S. Federal Government
  • the State of Hawai’i
  • the University of Hawai’i
  • Scholarships through nonprofit and private organizations (local and national)

Below are descriptions of the types of financial aid offered at UH Maui College.  All the funds listed below require you to be in a financial aid eligible program and meeting the Financial Aid Satisfactory Academic Progress.  Priority for awards with limited funding will be given to students who apply and complete the financial process early.  Students are encouraged to apply for financial aid as soon as possible and to follow up on your financial aid status.  Below each fund description also included are:

(1) The procedures and forms by which to apply for this fund;

(2) The eligibility requirements;

(3) The criteria for selecting recipients from the group of eligible applicants; and

(4) The criteria for determining the award amount.

There are many other financial aid options available to students and their families. Students should do further research to identify additional resources to help pay for college. Here are some helpful places to start:

The Federal Student Aid Information Center (FSAIC) serves the public with information about the federal student aid application process. If you have a question you may call 1-800-433-3243 (1-800-4 FED AID)

Federal Student Aid, is a part of the U.S. Department of Education. It is the largest provider of student financial aid in the nation.

Website: www.studentaid.ed.gov

Grants

Complete your FAFSA as well as all other documents required by the financial aid office and if you are eligible for any of the grants listed below, you will automatically be awarded.

FEDERAL PELL GRANT

The Federal Pell Grant is a program for high need undergraduate students who have not earned their first bachelor or graduate degree.

1-Complete your FAFSA and any other documents required by the financial aid office.

2-Awards are based on your enrollment and Expected Family Contribution (EFC) from your FAFSA.

3-All eligible students who meet eligibility requirements are eligible to receive a Pell Grant.

4-Pell Grant awards are determined by the federal pell grant table using a students Expected Family Contribution and UHMC’s Cost of Attendance(COA).

Minimum/Maximum Awards: 2017-18 Minimum: $0 , Maximum: $5,920                                                                                                                          2018-19 Minimum: $0,  Maximum: $6,095

 

FEDERAL SEOG (Supplemental Educational Opportunity Grant)
The Federal Supplemental Educational Opportunity Grant is for undergraduate students with exceptional need.

1-Complete your FAFSA and any other documents required by the financial aid office.

2-Must be enrolled in at least half-time status.

3-Awards have limited funding.  Awards will be given to students who have a Pell Grant and the highest financial need.

4-Annual maximum award amounts are determined annually and awards are given up the maximum amount based on a student’s financial need. Minimum award is $100, Maximum award is $1,500.

 

HAWAI`I STUDENT INCENTIVE GRANT
A state grant for legal residents of Hawaii.

1-Complete your FAFSA and any other documents required by the financial aid office.

2-Must be enrolled in at least half-time status.

3-Awards have limited funding.  Awards will be given to students who have a Pell Grant and the highest financial need.

4-Annual maximum award amounts are determined annually and awards are given up the maximum amount based on a student’s financial need.

UH OPPORTUNITY GRANT

A institutional grant available to students who demonstrate financial need based on information provided on your FAFSA.

1-Complete your FAFSA and any other documents required by the financial aid office.

2-Must be enrolled in at least half-time status.

3-Awards have limited funding.  Awards are given to students who have unmet and have a pell eligible Expected Family Contribution.

4-Maximum award amounts are determined annually and awards are given up the maximum amount based on a student’s financial need. 2018-19 Maximum amount: $1,500.

NATIVE HAWAIIAN SECOND CENTURY SCHOLARSHIP

A institutional grant available to Native Hawaiian students who demonstrate financial need based on information provided on your FAFSA.

1-Complete your FAFSA and any other documents required by the financial aid office.

2-Must be enrolled in at least half-time status.

3-Awards have limited funding.  Awards are given to students who have unmet and have a pell eligible Expected Family Contribution and are declared to have Native Hawaiian Ancestry through the Legacy question on the Admissions Application.

4-Maximum award amounts are determined annually and awards are given up the maximum amount based on a student’s financial need. 2018-19 Maximum amount: $1,500.

UH TUITION WAIVERS FOR NATIVE HAWAIIAN STUDENTS

Tuition waivers are available to Native Hawaiian student who demonstrate financial need based on information provided on your FAFSA.

1-Complete your FAFSA and any other documents required by the financial aid office.

2-Must be enrolled in at least half-time status.

3-Awards have limited funding.  Awards are given to students who have unmet and have a pell eligible Expected Family Contribution and are declared to have Native Hawaiian Ancestry through the Legacy question on the Admissions Application.

4-The award maximum will be up to 15 credits per semester of lower division tuition.  These funds can only pay for UH Maui tuition.  These funds cannot pay for non-UH Maui courses, even if you have completed a Concurrent Enrollment Form.

HAWAI`I PROMISE SCHOLARSHIP

A need-based award intended to be applied toward the unmet need of direct educational costs.  Funds will not begin to be released until after the last day for add/drop.

1-Complete your FAFSA and any other documents required by the financial aid office.

2-Must be enrolled in at least half-time status.

3-Awards have limited funding.  Awards are determined using your EFC, enrollment, Direct educational costs from your Cost of Attendance and other financial aid awards received.

4-Maximum award amounts are based on availability of funding.

Student Loans

FEDERAL DIRECT SUBSIDIZED STAFFORD LOANS

Federal Direct Subsidized Stafford Loans are made to students who demonstrate financial need and are enrolled at least half time. The U.S. Department of Education is the lender for Direct Stafford loans. The U.S. Department of Education will pay (subsidize) the interest that accrues on subsidized Stafford loans while the student attends college and during grace and authorized deferment periods. Repayment of the loan normally begins six months after the student graduates, leaves school, or is no longer enrolled at least half time. Students who have been awarded and accept a loan must complete additional application materials. For first-year, first-time undergraduate borrowers, the loan funds cannot be released until 30 days after the first day of classes for the term.

1-Complete your FAFSA and any other documents required by the financial aid office.

2-Must be enrolled in at least half-time status.

3-Awards are based on need and official grade level determined by UH Maui College.

4-Maximum awards are based on your official grade level.  The maximum initial award will be based on a Sophomore standing.  If a student is in one of our 4-year Bachelor degree programs and want to have Junior or Senior Level loans, they must notify our office to request the increased amount.  The Financial Aid Office will review your program to determine if you meet the requirements for Junior or Senior level loans.

FEDERAL DIRECT UNSUBSIDIZED STAFFORD LOANS

The Federal Direct Unsubsidized Stafford Loan is available to students who may not qualify for a Subsidized Stafford Loan. This loan is not based on financial need. The Unsubsidized loan has the same basic terms and procedures as the Subsidized loan except that interest will start accumulating from the time that the loan is disbursed. The interest does not have to be paid while you are enrolled at least half time but will accrue and be added to the loan principle at repayment.

1-Complete your FAFSA and any other documents required by the financial aid office.

2-Must be enrolled in at least half-time status.

3-Awards are based on need and official grade level determined by UH Maui College.

4-Maximum awards are based on your official grade level.  The maximum initial award will be based on a Sophomore standing.  If a student is in one of our 4-year Bachelor degree programs and want to have Junior or Senior Level loans, they must notify our office to request the increased amount.  The Financial Aid Office will review your program to determine if you meet the requirements for Junior or Senior level loans.

 

FEDERAL DIRECT PARENT PLUS LOAN FOR UNDERGRADUATE STUDENTS

PLUS loans are for parents of dependent students enrolled in college as well as for graduate/professional students. The PLUS loan provides additional funds for educational expenses, Borrowers begin repayment of interest and principle within 60 days of the receipt of the loan funds, unless they are eligible for a deferment.  If a Parent is denied a PLUS loan, with verification, the student may apply for additional Federal Direct Unsubsidized Loans.

1-Student must complete a FAFSA.  Your parent will need to apply for a PLUS loan through studentloans.gov.

2-Student must be enrolled in at least half-time status.

3-A credit check will be done to determine if a parent is eligible.  Awards are based on remaining students COA, after other awards have been taken into account.

4-Maximum award amount will be a students COA minus any other financial aid the student has been awarded and accepted.

Scholarships

HAWAI’I B+ SCHOLARSHIP
Funds are available to recent public Hawaii high school graduates who have a 3.0 or higher high school grade point average. You must complete a FAFSA(financial aid) application and be awarded federal financial aid as part of the application process.

To be eligible:

  • complete a FAFSA application
  • must be enrolled full-time
  • must have graduated from a public high school in Hawai’i
  • must have at least a cumulative GPA of 3.0
  • must have completed a rigorous high school curriculum
  • must have financial need
  • must be a Hawai’i resident

To apply:

Have your high school send an official high school transcript to the financial aid office at:

UH Maui College
Financial Aid Office
310 Ka’ahumanu Avenue
Kahului, HI. 96732


NOTE: This grant may be renewed for another year if students maintain satisfactory progress in their college matriculation.

To be eligible for renewal:

  • must maintain a cumulative GPA of 2.0 at their home campus
  • students completing a minimum of 30 credits in the regular year will be given preference for renewal
UHMC Scholarships

University of Hawai’i Maui College scholarships include Merit Scholarships, UH System Scholarships, and UH Foundation Scholarships. With one application students can apply to numerous scholarships that are offered.

To be eligible:

  • complete a FAFSA application
  • must be enrolled at least half time
  • must be a UH Maui College student

To apply:

Visit our scholarship page at http://maui.hawaii.edu/scholarships/

UHMC MERIT SCHOLARSHIP FOR NON US CITIZENS STUDENTS

To be eligible:

  • You must be either an International student with F1 Visa; or be a Pacific Islander student paying 150% of the resident rate; or be a student living in the US without legal status
  • Must be enrolled at least half-time (6+ credits)

To apply:

Download and complete the application from our scholarship page at http://maui.hawaii.edu/scholarships/

Other Aid

FEDERAL WORK STUDY

Student Employment

Federal Work Study – Federal funds awarded for students to have employment to help pay for their educational expenses.

1-Complete your FAFSA and you must complete and turn in a ‘Work Study Request’ form located on the Forms page of our website at http://maui.hawaii.edu/financial.

2-Must be enrolled in at least half-time status.

3-Awards have limited funding.  Must be awarded financial aid and have unmet need. Awarded first-come-first-serve based on the availability of FWS funds.

4-Minimum award amount is $2500. The maximum award amount is $5000.