Types of Aid

Grants

Grants are a form of aid that does not need to be repaid. Eligibility is based upon financial need as determined through the Free Application for Federal Student Aid (FAFSA). The following are the types of grant aid programs that are offered:

Federal Pell Grants
Federal Pell Grants do not need to be repaid (unless you do not meet Satisfactory Academic Progress requirements) and are available to students who have not received a Bachelor's Degree or higher.

Federal Supplemental Educational Opportunity Grants (SEOG)
Federal Supplemental Educational Opportunity Grants (SEOG) does not need to be repaid (unless you do not meet Satisfactory Academic Progress requirements) and are available to students with exceptional financial need and are enrolled in at least half-time status. Priority is given to Federal Pell Grant recipients.

Honolulu CC Opportunity Grants
Honolulu CC Opportunity Grants are available to students who are enrolled in at least half-time status, show demonstrated financial need, and meet satisfactory academic progress requirements. Eligibility is based upon financial need as determined through the Free Application for Federal Student Aid (FAFSA).

Federal Work Study

A work program that is Federal funded. Provides part-time on-campus and community service job opportunities to help students earn money (up to their awarded amount) and gain valuable work experience. Eligibility is based upon financial need as determined through the Free Application for Federal Student Aid (FAFSA).

Tuition Waivers

A state funded program that waives Honolulu Community College tuition charges only. The student will be responsible to pay for any part of tuition not covered by the waiver and student activity and publication fees. The following are the types of waiver that are offered:

Native Hawaiian Tuition Waivers
Native Hawaiian Tuition Waivers were established to support Native Hawaiian students seeking a degree in higher education. This waiver is awarded to Native Hawaiian students who demonstrate financial need, maintain satisfactory academic progress and, are enrolled in at least half-time status. To be considered for this waiver, a student must complete a Free Application for Federal Student Aid (FAFSA) and submit additional documentation as requested. Recipients of this tuition waiver will be required to meet specific conditions as part of receiving the waiver.

Scholarships

Honolulu Community College scholarships are awarded on the basis of merit, academic performance, and/or financial need. View the Scholarships page for available scholarships.

Loans

Loans are another type of financial aid offered to help students pay for college. It is money that you borrow and must be paid back with interest. Compared to other loan options, Federal student loans offer many benefits. For more details on Federal loan benefits you may go to www.studentaid.ed.gov/types/loans#why-federal. Students interested in receiving loans must be enrolled at least half-time. Below are the different types of loans that may be offered in your financial aid award:

Federal Direct Loans

  • Federal Direct Subsidized Loan
    A federal student loan with the interest subsidized by the U.S. Department of Education while the student is enrolled in school at least half-time and during approved deferment periods. The interest will begin to accrue after you leave school. The interest rate for Federal student loans varies every year and is determined by the Federal Government. For the 2014-2015 academic year, the interest rate for the Federal Direct Subsidized Loan is 4.66%. The interest rate of the loan when you received it will be the interest rate for the life of that loan. In addition, there is also a 1.073% origination fee that will be deducted from each loan disbursement. To be eligible for this loan, students must demonstrate financial need. The Direct Subsidized loan amount will depend on the student's academic level, amount of need, and existing subsidized loan balances.

    Repayment is required to begin six months after the student drops below half-time status. For students who are not able to pay the minimum monthly amount, deferment options are available. Loan repayments are arranged with your loan servicer which you can find at the National Student Loan Data System website.

    Maximum Time Frame for Subsidized Loans
    There is maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150% of your maximum eligibility period. A maximum eligibility period is based on the published length of your program. If you change programs, the Direct Subsidized Loans you received for the previous program may count against your new maximum eligibility period. To prevent reaching your maximum eligibility period, make sure to have an academic plan. For more information, you may go to the Federal Student Aid - Student Loans website.

  • Federal Direct Unsubsidized Loan
    A federal student loan that is available for students regardless of financial need. The Direct Unsubsidized loan amount will depend on the student's academic level, dependency status, cost of attendance, and existing subsidized and unsubsidized loan balances. The loan interest begins to accrue once the loan is disbursed. In other words, you are responsible for paying the interest on a Direct Unsubsidized Loan during all periods. The interest rates for Federal student loans varies every year and is determined by the Federal Government. For the 2014-2015 academic year, the interest rate for the Federal Direct Unsubsidized Loan is 4.66%. The interest rate of the loan when you received it will be the interest rate for the life of that loan.

You have the option to pay the interest while you are in school but you can also opt to begin paying later. If you choose not to pay the interest while you are in school, your interest will accumulate and be capitalized (that is, your interest will be added to the principal amount of your loan). In addition, there is also a 1.073% origination fee that will be deducted from each loan disbursement.

Repayment is required to begin six months after the student drops below half-time status. For students who are not able to pay the minimum monthly amount, deferment options are available. Loan repayments are arranged with your loan servicer which you can find at the National Student Loan Data System website.

Federal Direct PLUS Loans

A federal unsubsidized loan that parents of dependent undergraduate students can use to help pay for education expenses. The Direct PLUS loan amount will depend on the student's cost of attendance and the amount of financial aid already receiving. To be eligible for this loan, student must be under 24, unmarried, and have no legal dependents. In addition, parent must complete the PLUS Request Process at www.studentloans.gov, which will include a credit check. If a parent borrower is denied, the dependent student may be eligible for additional unsubsidized loans to help pay for his or her education if and only if parent has been denied.

The interest rates for Federal student loans varies every year and is determined by the Federal Government. For the 2014-2015 academic year, the interest rate for the Federal Direct PLUS Loan is 7.21%. The interest rate of the loan when you received it will be the interest rate for the life of that loan. Interest is charged during all periods. In addition, there is also a 4.292% loan fee that will be deducted from each loan disbursement.

Repayments for Direct PLUS Loans begins once the loan is fully disbursed. For deferment options and loan repayment arrangements, please contact your loan servicer. You may find your loan servicer at the National Student Loan Data System website.

State Higher Education Loans (SHEL)

A state loan with a fixed interest rate of 5%. The interest is subsidized while the student is enrolled in school at least half-time and during approved deferment periods. The interest will begin to accrue nine months after you leave school.

To be eligible, students must demonstrate financial need and be a bonafide Hawaii resident. The loan amount will depend on your financial need and the availability of funds. Due to limited funds, not everyone who qualifies can be offered a State Higher Education loan.

Repayment begins nine months after the student drops below half-time status. For students who are not able to pay the minimum monthly amount, deferment options are available. Loan repayments are arranged with your loan servicer which you can find at the National Student Loan Data System website.