Riverside County Office of EducationAeries SIS
info@riversidesce.org
Riverside - 951-826-4723 Indio - 760-863-3333

Federal Student Aid

The School of Career Education now offers Federal Financial Aid for the following programs:

The School of Career Education administers Title IV funds which is the Federal Pell Grant and Direct Stafford Loans. The Federal Pell Grant is gift aid and does not require repayment.

Determine if you are eligible for Title IV funds by completing a Free Application for Federal Student Aid (FAFSA) and add the School of Career Education’s code 042084. The application can be found online at www.fafsa.ed.gov.

Pell Grant

The Pell Grant is available to undergraduate students. Graduate students in a teaching credential program may also qualify. This is gift aid and does not require repayment.

Types of Federal Loans

William D. Ford Federal Direct Stafford Loan

The Department of education is the guarantor for the low-interest federal loan program available to both undergraduate and graduate students. The program includes both subsidized and unsubsidized. Your eligibility for the Direct subsidized and unsubsidized loans is based on the information reported on the FAFSA.

Subsidized Loan

Interest is not charged on subsidized loans while the student is in school at least half-time, during your grace period, and during deferment periods. An interest rate of 4.53% is charged once the student has graduated.

Unsubsidized Loan

Interest at a rate of 4.53% is charged on unsubsidized loans during all periods.

 

If you have been awarded a Direct Loan you will need to activate it by completing the Entrance and Financial Awareness Counseling and electronically sign the Master Promissory Note (MPN).

Note: All interest rates shown above are for loans disbursed on or after July 1, 2019 and before July 1, 2020. Interest rates shown are fixed rates for the life of the loan.

 


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