Grants are sources of financial aid that generally do not have to be repaid. Most grants are awarded only to students with financial need. As most grant funding is limited, early applications are encouraged.

Federal Pell Grant

Federal funding available to students with financial need who have not received a bachelor’s degree previously. Values range for the 2023-2024 academic year from $767 to $7,395 depending on the result of the FAFSA, or Expected Family Contribution (EFC), and the number of credits enrolled.

Federal Supplemental Educational Opportunity Grant (FSEOG)

Federal funding available to students attending at least half time with financial need. Funds are limited to students with the most financial need who are eligible for a Federal Pell Grant. Values range from $100 to $1,000 depending on funds available, enrollment status, and financial need.

Need Based Grant (N-BGR)

Institutional funding available to Utah residents attending at least half time with financial need. Values range from $100 to $1,000 depending on funds available.

Utah Educationally Disadvantaged Grant (UEG)

State funding available to Utah residents attending at least half time with financial need. Values range from $100 to $1,000 depending on funds available, enrollment status, and financial need.

SLCC Promise and the Utah Promise Scholarship help eligible students pay the gap between regular tuition and fees and the Federal Pell Grant. The Promise is intended to remove economic barriers and provide a pathway for SLCC students to complete their degree.

To be eligible students must:

• Be eligible for and receive Federal Pell Grant funds.
• Be a Utah resident.Register for and maintain at least 9 credit hours for Fall or Spring semester when SLCC Promise is awarded. Dropping below 9 credits at any time, will cause SLCC Promise to be canceled. You are only required to attend 6 credits during the Summer semester to qualify. Beginning Fall 2023, SLCC only requires students to register for 6 credits during the Fall and Spring semester to qualify.
• Maintain satisfactory academic progress standards, as specified in the Financial Aid Satisfactory Academic Progress Policy.
• Not be attending on a consortium agreement.

Promise is:

• Applied only toward standard tuition and fees for 6 to 18 credit hours.
• Adjusted based on actual enrollment.
• Applied after the last day to drop classes.
• Reduced or canceled if other funding, such as scholarships, veteran's benefits, sponsorship or tuition waivers are deemed more beneficial.
• Not awarded retroactively.

Utah Promise Scholarship is only available to students who do not yet have an associate or bachelors degree.

Federal Student Loans assist students with their educational expenses and are repaid when the student is no longer attending or enrolled in at least six credit hours. SLCC participates in two federal loan programs: Federal Direct Loan (subsidized and unsubsidized) and Federal Direct Parent Loan for Undergraduate Students (PLUS). By institutional policy, loans are not awarded retroactively and are not available to students attending the School of Applied Technology.

Federal Direct Student Loans(subsidized/unsubsidized)

The annual loan limit for dependent students who have completed less than 30 hours is $5,500. No more than $3,500 of this amount may be in a subsidized loan. The annual loan limit for students who have completed 30 hours or more is $6,500. No more than $4,500 may be in a subsidized loan.

The annual loan limit for independent students who have completed less than 30 hours is $9,500. No more than $3,500 of this amount may be in a subsidized loan. The annual loan limit for students who have completed 30 hours or more is $10,500. No more than $4,500 may be in a subsidized loan.

Repayment begins 6 months after the student ceases half-time enrollment. The minimum payment is $50 per month and may be higher depending on the total amount borrowed. The maximum time frame allowed for repayment is generally 10 years but may be longer, depending on what repayment options are available to the student.

The current interest rate for Direct Student Loans first disbursed on or after July 1, 2023 and before July 1, 2024 is 5.50%. Subsidized loans do not accrue interest while a student is attending at least half time (6 or more credit hours). Unsubsidized loans accrue interest during the loan period; borrowers may pay the interest or have it capitalized.

An additional unsubsidized amount may be available to students and may be requested by completing an Additional Unsubsidized Loan Application and meeting with a Financial Aid Advisor. Borrowers must complete Loan Entrance Counseling and sign a Master Promissory Note at studentaid.gov to receive student loans.

All students who have a Federal Student Loan who cease to attend college on at least a half-time basis (6 credit hours or more per semester) must complete Loan Exit Counseling.

Federal Direct Parent Loan for Undergraduate Students(PLUS)

Available to parents of dependent students. The award may not exceed cost of education less other estimated financial assistance. Repayment begins 60 days after disbursement. The current interest rate for Direct PLUS Loans first disbursed on or after July 1, 2022 and before July 1, 2023 is 7.54%.

Private Loans

Students should only consider obtaining a private education loan if they have reached their maximum Federal Loan eligibility, or lost eligibility for Federal Student Aid. Please complete the FAFSA before applying for a private loan. The loan amount may not exceed the cost of education less other estimated financial assistance. Interest rates vary based on lender and credit worthiness. A co-signer may be required.

For application information, lender options and loan comparisons, please visit our FastChoice Private Lending for Higher Education page. Please allow up to three weeks to complete the certification process, especially during rush periods.

The Federal Work-Study program is available to students demonstrating financial need who are attending SLCC. Students must first complete the FAFSA to determine financial need. Positions are generally available on campus or at local elementary schools. You can find a listing of available jobs on our Jobs Portal. Award amounts can be as much as $6,000. Students employed through the Federal Work-Study program earn money as you work. You will receive a paycheck like any other job. Learn more about the Federal Work-Study program on the Work Study page.

SLCC has a microloan available to students who need help paying for books and other course materials at the beginning of each semester.

Students applying for an SLCC Course Materials Microloan must:

• Be enrolled at least half-time (6 or more credit hours)
• Owe nothing except current term tuition and fees
• Demonstrate financial responsibility (i.e. no default, bankruptcy, unpaid school debt)
• Authorize financial aid funds to pay non-institutional charges

If you would like to apply for a microloan, please contact us at 801-957-4410 or financialaid@slcc.edu.