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Types of Financial Aid

Grants

 

Federal Pell Grant (PELL)

For many students, Pell Grants provide a foundation of financial aid to which other aid may be added. This is a grant and does not have to be repaid if the student completed the semester.. The grant is available to undergraduate students who have not earned a bachelor's or professional degree. Grants may be awarded to students enrolled full-time, three-quarter-time, half-time, and less-than-half-time.

Federal Supplemental Educational Opportunity Grant (SEOG)

The purpose of the SEOG program is to provide grants to undergraduate students with exceptional need to help pay for their post-secondary education. This is a grant and does not have to be repaid. There is no guarantee every eligible student will be able to receive an SEOG grant--students at each school are paid based on availability of funds. The priority deadline is April 15th!

North Dakota State Grant

This grant is for North Dakota residents only. Awards are $1648 for a full-time student and pro-rated for less than full-time. Eligibility is to those who show financial need, meet the April 15th deadline for completing the FAFSA, and are enrolled full-time at an eligible college in North Dakota.
 

Loans

 

Federal Perkins Loan

A loan with an interest rate of 5 percent may be awarded to students who show need for assistance and who meet the April 15 priority deadline. Repayment of principal and interest begins 9 months after termination of studies. Up to 100% of this loan may be cancelled if the students meets certain conditions, such as teaching in specified low-income schools.

Federal Loan (Subsidized)

The Federal Subsidized Loan is awarded on the basis of financial need, which is determined by the information you submitted on the Free Application for Federal Student Aid (FAFSA). The federal government pays the interest on this loan until you begin repayment. The student begins repayment on this loan six months after leaving school.

STUDENTS WHO ARE AWARDED A FEDERAL STAFFORD LOAN (SUBSIDIZED OR UNSUBSIDIZED) HAVE THE RIGHT TO CANCEL ALL OR A PORTION OF THEIR STUDENT LOANS WITHIN 14 DAYS OF DISBURSEMENT.

Federal Loan (Unsubsidized)

Students may be awarded the Federal Unsubsidized loan. This loan is not need-based, has a a variable interest rate, and may be used to replace the expected family contribution. Students are responsible for the interest on the loan from the time of disbursement with repayment beginning six months after leaving school.

Federal Student Loan Repayment

To get information on managing repayment of your Federal Student Loans please go to http://studentaid.ed.gov/repay-loans.  Here you will find  information on making payment, servicers, repayment plans, consolidation, deferment and forbearance, forgiveness, cancellation, discharge, default and resolving disputes. To see your repayment plan options and use a repayment calculator click here http://studentaid.ed.gov/repay-loans/understand/plans.   

Parent Loan for Undergraduate Students (PLUS)

Parents may be able to borrow low interest educational monies for their children to attend college. The amount of the loan is limited to the cost of education at the college minus any financial aid the student is receiving. Repayment begins 60 days following the disbursement date on the check. Apply by going to this link: http://www.studentloans.gov

Private Education Loans

Private Education Loans are available to students or parents as an option if the aid that the student has been awarded does not cover all of the student's educational expenses and the student has exhausted their eligibility for the Federal loan programs.

What's the difference between Federal and Private Student Loans?

Private Education Loans are not based on financial need, although most lenders will evaluate the applicant's (and/or co-signer's) credit-worthiness.
Currently all private education loans are processed using a separate application, which can be obtained from the participating lender or online at the lender's website.

The application should be completed by the student borrower and/or co-signer and submitted on-line directly to the lender. The FASTChoice link below is the historical lender list for Dakota College at Bottineau

Historical Lender List

Please note: If you do not have a current FAFSA on file, a FAFSA Waiver Form must be completed in addition to the loan application.

FAFSA Waiver Form

 

Student Employment

 

Federal Work Study

This program provides jobs for undergraduate students with financial need, allowing them to earn money to help pay educational expenses. Students are paid by the hour and will be paid once or twice a month, usually at federal minimum wage. The average work study award at Dakota College at Bottineau is $1500.

Part-time Employment

A limited number of part-time positions are available for students. This is not considered part of your financial aid package. Employment applications can be found at the Business Office.

Scholarships

 

Dakota College at Bottineau offers a variety of scholarships each year, including scholarships for academic performance, achievements, and athletics. The amounts and the number of scholarships given vary from year to year.

Scholarship Application - New Students

North Dakota Specific State Scholarships

North Dakota Dollars for Scholars Scholarships

Diversity and Multi-Cultural Resources for Financial Aid Assistance

Online General Scholarship Search

Lindberg Healthcare Scholarship

Waivers

 
Dakota College at Bottineau offers a limited number of cultural diversity waivers to students who meet certain criteria.

Cultural Diversity Waiver

 

For More Information - Contact Us

 

Phone:
1-800-542-6866 or 701-228-5437

FAX:
1-701-228-5499

Mailing Address:
Dakota College at Bottineau
Financial Aid Office
105 Simrall Boulevard
Bottineau, ND 58318

 

Valerie Heilman
Financial Aid Director


Jalee Lynnes
Financial Aid Assistant

 
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© 2013 Dakota College at Bottineau / 105 Simrall Blvd. / Bottineau, ND 58318 / 1-800-542-6866 /701-228-5488 / Fax 701-228-5499 / Copyright Act