Types of Aid

Grants

Grants are financial aid that doesn’t have to be repaid. There are many different kinds you may be eligible for:

A PELL Grant is awarded based on financial need to students who have not earned a bachelor’s or graduate degree. They are determined by:

  • your financial need
  • your full-time or part-time student status
  • your attendance over the academic year

PELL grants are limited to

  • the equivalent of 3 fulltime terms each year
  • a lifetime maximum equivalent to 6 years of fulltime PELL.

Federal Supplemental Educational Opportunity Grant (FSEOG) funds are first come, first served. Students who will receive Federal Pell Grants and have the most financial need will receive FSEOGs first.

Oregon Opportunity Grant (OOG) funds are limited and funding is determined by the State of Oregon. Students are encouraged to file their FAFSA each year in October and must meet the following requirements to be eligible:

  • Have financial need
  • Be an Oregon resident
  • Be an undergraduate student with no prior bachelor’s degrees
  • Be enrolled at least half-time

Students who are awarded OOG grant funds but delay fall enrollment may lose eligibility. Awards for students who are enrolled half-time in fall term may be limited to half-time amounts for all remaining terms in the academic year.

Oregon Promise program — a Oregon program offering new high school graduates and GED recipients an opportunity to have some or all of their community college tuition covered.  Grants are for students entering a community college in Oregon during Fall term.

Eligibility Highlights

  • Graduate from an Oregon high school or complete the GED in the Spring/Summer before Fall term community college entrance
  • Have a 2.5 cumulative GPA or higher
  • Have been an Oregon resident for at least 12 months prior to enrolling in community college

Scholarships

Scholarships can be merit-based (which means they are based on your academic performance) or need-based (which means they are based on your financial need) and do not need to be paid back. The TBCC Foundation offers many different types of scholarships that can help you pay for tuition, fees, books, child care expenses and more.

View TBCC Scholarships

We also encourage you to explore other resources to find more scholarship opportunities:

  • FASTWEB A college planning and Scholarship Search with over $3 billion scholarships.
  • College Board Explore scholarships, college costs and understand how financial aid works.
  • Oregon office of Student Access Provides access to over 500 scholarships through a single online application.

Federal Work Study

The purpose of the Federal Work Study Program at Tillamook Bay Community College is to provide meaningful part-time employment for students to utilize their earnings to meet their educational expenses. In addition, the program is intended to provide jobs which will enhance the student’s educational or career goals whenever possible.

Work Study Additional Information (PDF)                     A list of Available Work Study Positions (PDF)

Loans

Loans are available to students enrolled in a minimum of 6 credits who need additional funds for college. Student loans must be paid back with interest, so it is best to use “free” money like grants and scholarships first before relying on loans. Only borrow what you need from loans to pay for college, and understand your loan repayment options.

Federal Direct Loans

  • SUBSIDIZED LOAN: A low interest loan available to undergraduate students with financial need. The U.S. Department of Education pays the interest while you are enrolled in an eligible degree program at least half-time.
  • UNSUBSIDIZED LOAN: A loan available to undergraduate and graduate students. The student does not have to demonstrate need. You will be responsible for paying the interest during all periods.
  • PARENTS’ LOAN FOR UNDERGRADUATE STUDENTS (PLUS): A PLUS Loan is available to parent borrowers who do not have an adverse credit history to help meet the student’s education expenses. If a parent borrower is unable to secure a PLUS loan, the undergraduate dependent student may be eligible for additional unsubsidized loans to help pay for his or her education.

Loan Repayment

There are a variety of Repayment Plans available if you qualify. To find out more information on how much you owe, who will be collecting your payments, and what payment plans are available, log on to the National Student Loan Data System (NSLDS).

Exit Counseling

Helps you understand your rights and responsibilities as a student loan borrower. Exit Counseling is required before you withdraw, graduate, or drop below half-time attendance (even if you plan to transfer to another school). Loan students must complete Exit Counseling when they withdraw, graduate, transfer, or drop below 6 credits.

Private Student Loans

Private student loans often have higher interest rates than those offered by the federal government, so it could be better for your budget to explore the above options before considering a private loan.

Tillamook Bay Community College does not participate in or certify alternative private loans. However, pursuant to Section 155 of the Higher Education Act of 1965, as amended, (HEA) and to satisfy the requirements of Section 128(e) of the Truth in Lending Act, a lender must obtain a Private Education Loan Applicant Self-Certification (PDF) signed by the applicant before disbursing a private education loan. Schools are required on request to provide this form and the required information only for students admitted or enrolled at TBCC. Students should understand that free or lower-cost Title IV federal, state, or school student financial aid may be available in place of a private education loan.