Paul D. Camp Community College Will Offer Federal Direct Student Loans Beginning May 15, 2015

Paul D. Camp Community College will begin offering Federal Direct Student Loans for the fall 2015 semester in order to expand student access and success through financial aid initiatives.
The college feels that offering these loans will help bridge the gap that exists between tuition and the actual cost of attendance, which additionally includes books, supplies and transportation.
“Making these loans available is just one step in the process,” said Financial Aid Coordinator Teresa Harrison. “For the program to be a success we must also make sure students and their families are well informed, so they can make responsible financial decisions as far as these loans are concerned. We want to increase access to higher education balanced by minimal debt.”
The college will offer workshops for students and their families; in-person and online financial aid advising; and individualized financial aid counseling.
“We have also subscribed to Financial Aid TV, which is a tool the students can have at their fingertips to get a wealth of information quickly,” said Harrison. “It will be linked through the college’s website.” Kiosks equipped with iPads will also be installed in the Financial Aid and Admissions offices on both the Franklin and Hobbs Suffolk campuses to serve as additional resources.
Transitioning the way students receive refunds will also expedite the way students receive disbursements and reimbursements.
“We have just started providing students’ financial aid refunds via Direct Deposit and pre-paid Visa cards,” said Harrison. “Previously, students received traditional paper checks, which take about a week longer to go through the mail.”
Other components of the initiative are professional development for financial aid staff and outreach. The Virginia Community College System Chancellor’s Innovation Fund (CIF) has provided funds to implement this initiative. The CIF provides support for faculty and staff for projects and ideas targeted to meet the goals of the VCCS six-year strategic plan, Achieve 2015, especially those goals that support access and increase student success.
The College will begin awarding loans May 15, 2015.