Types Of Aid

Pell Grant – The Educational Amendments of 1972 established the Basic Educational Opportunity Grant program, hereinafter referred to as the Federal Pell Grant. Federal Pell Grants are the foundation of federal student financial aid. The amount of a student’s Pell Grant award is based on the Expected Family Contribution (EFC), cost of attendance, enrollment status, and whether the student attends school for a full academic year or less. A student may not receive Pell Grant funds at more than one school at a time. Federal Supplemental Educational Opportunity Grant (FSEOG) – A grant for undergraduates with exceptional financial need, that is, students with the lowest estimated family contributions (EFC). Students must qualify for the Federal Pell Grant to be eligible for this program.

Funding for this program is limited. Early filing is strongly recommended to see if you qualify.

Video – What is a Pell Grant?
Video – What is FSEOG?


Federal Work-Study Program – WCC offers employment opportunities to eligible students who wish to earn money while attending college. Students work in various areas on campus. On average, students work approximately 15 hours per week at a rate of $7.25 per hour. Most students earn about $3000 per year.

If interested in the federal work-study program, students should indicate this interest when completing the FAFSA. Upon receipt, a separate application may be mailed to students.

Please note that students who participate in this program are required to maintain satisfactory academic progress at all times.

Video – What is a Federal Work-Study Job?

N.C. Community College Grant (NCCCG) – Eligibility is based on the same criteria as the Federal Pell Grant; students not eligible for the Federal Pell Grant may be considered for the NCCCG based on their estimated family contribution (EFC) as determined on the Student Aid Report. Eligible students must be North Carolina residents enrolled for at least six (6) credit hours per semester in a curriculum program. Applicants must complete the Free Application for Federal Student Aid (FAFSA). N.C. Student Incentive Grants – A North Carolina undergraduate student with exceptional financial need may be eligible for a state grant. In order to receive priority consideration for this grant, students should submit the Free Application for Federal Student Aid form as soon as possible after January 1 of each year. NC Targeted Assistance Program- Need-based assistance available to students enrolled in high demand/low enrollment programs or to eligible Vocational Rehabilitation students. To be considered for these funds, students must complete the FAFSA and meet the requirements to receive a Pell Grant, be a NC resident, and be enrolled in an approved program for a minimum of six credit hours per semester. NC Less than Half-Time Grant- Limited financial assistance provided to eligible students who are enrolled in less than six credit hours per semester. To be considered for this grant, students must complete the FAFSA and have an EFC that is between 801-4000.

American Opportunity, Hope, and Lifetime Learning Tax Credits – These income tax credits may reduce a family’s federal taxes. They are based on the student’s qualified educational expenses, minus grants, scholarships, and other tax-free educational assistance. The American Opportunity Tax Credit (AOC) is a new credit that replaces the Hope Credit for most taxpayers. The AOC can be claimed for the first four years of post-secondary education, up to a maximum of $2,500 per eligible student. The AOC is not available to single filers with a modified adjusted gross income greater than $90,000 or joint filers with a modified adjusted income greater than $180,000. The Hope Credit is a non-refundable credit that normally applies to 2008 and earlier tax years. This credit is available only during the first two years of college up to a maximum of $1800 for single filers with a modified adjusted gross income less than $60,000 or joint filers with a modified adjusted gross income under $120,000. The Lifetime Learning Tax Credit is available for any level of post secondary study up to a current maximum of $2,000 per return. The credit is not available to single filers with a modified adjusted gross income greater than $60,000 or joint filers with adjusted gross incomes greater than $120,000. Tax payers who file “married filing separately” are not eligible to take either the American Opportunity, Hope, or Lifetime Learning credit. Also note that only one type of credit (American Opportunity, Hope, or Lifetime Learning) may be claimed for the student in any given year.

For more information about these or other credits or deductions, please contact your tax preparer or refer to the information at the IRS web site.

Video – What is the American Opportunity Credit?

Video – What is the Lifetime Learning Credit?


Other Sources of Assistance

Workforce Innovation and Opportunity Act (WIOA)  – Wayne Community College offers training under the WIOA system. The program is especially designed for individuals who require skill training for employment. All individuals enrolled in the WIOA program must qualify under program guidelines.

Services provided by the WIOA program may include financial assistance with tuition, fees, books, equipment and supplies, plus personal services such as counseling, job development, job coaching, and follow up assistance. Participants are required to follow strict program guidelines and regulations.

Applicants should contact the WIOA office, located at the NCWorks Career Center Wayne County for information about applications and/or assessment. The NCWorks Career Center Wayne County is located at 2006 Wayne Memorial Drive, Goldsboro, NC 27534. You may reach them by phone at 919-731-7950.

Alternative or Private Loans – These loans bridge the gap after students have exhausted all potential federal grants, scholarships and work-study funds. These loans are also available to students who do not qualify for federal financial aid. Student eligibility is based on credit worthiness as determined by the participating lender. Eligibility is also determined based on the school’s cost of attendance minus other financial aid or the annual loan maximum amount determined by the lender. Students are advised to borrow responsibly and to review all repayment options thoroughly.

**While there are a variety of lending options available, Wayne Community College does not recommend the services of one lender over another. Listed below is a profile of lenders selected by our students. Be advised that this information has been reviewed and is current as of February 5, 2010.

Sallie Mae Smart Option Student Loan

  • Interest Rate: (VARIABLE) Based on borrower and co-borrower (if required) credit history.
  • No repayment fee, disbursement fee of zero to 3%
  • $1000 minimum loan amount
  • Six month grace period after graduating or leaving school (interest payments must be made while in school)

Wells Fargo Collegiate Loans

  • Interest Rate: (VARIABLE) Based on borrower and co-borrower (if required) credit history.
  • No origination, disbursement, or repayment fees.
  • Generous loan limits not to exceed school’s cost of attendance.
  • Repayment begins six months after leaving school or graduating.

Child Care Assistance Program – Child Care Grants are available for students enrolled full-time at Wayne Community College. Grants are limited and are based on “greatest need”. In order to be considered for these grants, students must complete the Free Application for Federal Student Aid (FAFSA), maintain satisfactory academic progress, complete a Child Care Assistance application and have at least one child enrolled in a licensed center. Priority is given to returning, single, low-income parents who are not receiving aid from another source.

These grants are intended to help off-set the costs of child care in a licensed center while students are attending school full-time. For more information about this program contact the Child Care Assistance Coordinator.