Bakersfield College

Financial Resources

Federal

Assistance classified as federal is financial aid granted from the federal government. In the United States, this aid is administered by the agency known as Federal Student Aid.

Federal Student Aid

Federal Student Aid, an office of the U.S. Department of Education, ensures that all eligible individuals can benefit from federally funded financial assistance for education beyond high school. We consistently champion the promise of postsecondary education to all Americans —and its value to our society.

Federal Student Aid plays a central and essential role in supporting postsecondary education by providing money for college to eligible students and families. We partner with postsecondary schools, financial institutions and others to deliver services that help students and families who are paying for college.

General Requirements:

  • Submit a Free Application for Federal Student Aid (FAFSA)
  • Be a U.S. Citizen, U.S. Permanent Resident, or a T-Visa Holder
  • Be attending a post-secondary institute within the United States

Common Federal Aid

  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity Grant
  • Direct Stafford Loan
  • Indirect Stafford Loan

State

Assistance classified as state is financial aid granted from the state government. In California, this aid is administered by the agency known as the California Student Aid Commission.

California Student Aid Commission

The California Student Aid Commission is the agency through which the state administers its state-funded financial aid to those pursuing public and private post-secondary education. Its mission is to make education after high school financially accessible for all California residents.

General Requirements:

  • Submit a Free Application for Federal Student Aid (FAFSA) OR California Dream Act Application (CADAA)
  • Be a Resident of California of have AB 540 status
  • Be attending a post-secondary institute within the United States

Common State Aid

  • Cal-Grant
  • California Chafee Grant
  • Middle Class Scholarship

Institution

Assistance classified as institution is financial aid granted by the institution being attended. This aid is administered by the college from which it is being offered by.

General Requirements:

  • Vary by institution - please see individual campuses for information on their institutional aid requirements
Common Institutional Aid
UC CSU CCC
Blue & Gold Opportunity Grant State University Grant

California College Promise Grant


Common Types of Financial Aid

Grants

Grants are a form of financial aid given to student who meet specific requirements, usually in the form of academic requirements or financial need. This money is given and does not need to be paid back.

Scholarships

Scholarships, similar to grants, are given to students who meet specific requirements and do not need to be paid back. These differ from grants however in that they can be much more specific in regards to who may receive them including not only demographic information but interests, skills, and area of education the student may be pursuing.

Work Study

Work study is a form of financial aid in which the student will work a position that has been classified as a work study position at the institute they are attending. They generally obtain their payment in the form of a paycheck similar to traditional jobs that are worked.

Loans

Loans are money which are taken out but are expected to be paid back to the loaning agency over time.  Loans may be taken out through the post-secondary institution itself or through private means such as banks. The interest percentage will differ from loan to loan and should be looked into before acceptance.

  • Subsidized Loans are loans which do not gain interest and do not have payments until 6 months after you stop attending your post-secondary institution.
  • Unsubsidized Loans start gaining interest the moment you accept them but does not start payments until 6 months after the student has stopped attending their post-secondary institution.
Kern Community College District