Description of Aid Programs

Grants

Peninsula College offers both federal grants and state grants. Grants are considered a form of "gift aid" because they do not have to be repaid, provided students complete their courses.

Work Study

Work-study programs offer students the opportunity to gain valuable work experience while earning money for college. Both on-campus and off-campus positions are available.

Students receive their work study funds in the form of a paycheck from their employer based on their hourly wage and the number of hours they have worked in any given pay period. Because work study funds must be earned, they are not available at the beginning of the quarter to help students pay their tuition and fees or purchase their books.

Click Here to learn how to find a Work Study job.

Student Loans

Stafford Loans - subsidized (sub) are "need-based" loans. The term "subsidized" means the federal government pays interest on the loan on the student's behalf until the student enters repayment.

Stafford Loans - unsubsidized (unsub) are "non-need-based" loans. The term "unsubsidized" means the feral government does not pay interest on the loan until the student enters repayment. Students are responsible for paying all accrued interest. Interest can be paid while the student is in school, or it can be deferred until the student enters repayment. If deferred, the unpaid interest that accrues is added to the loan amount the student borrowed, a process known as "capitalization."

Click here to view information about how to receive the loan funds you were awarded.