Not sure how to handle federal and state financial aid if you are heading to community college? I’m no financial aid advisor (and this should not be construed as legal or financial advice), but here are some resources to help you get started:
If you are awarded Cal Grants and you are attending community college instead of a 4-year college, you may need to take action to preserve the financial aid.
Cal Grant A awards are automatically placed into “Community College Reserve” status for up to two years. However, if you stay at community college for more than two years, you MUST make a request to extend the status for an additional year using the Cal Grant Community College Reserve Appeals Form (G-46), which you can find here (Cal Grant A can only be in reserve for a maximum of three years).
Cal Grant B can be used while attending community college. But remember you will only get Cal Grant B for a maximum of FOUR YEARS. If you anticipate spending more than two years at community college and/or more than two years to complete your degree after you transfer, you may want to consider requesting a “Leave of Absence” in your WebGrants for Students account (find instructions here, under “How do I place my Cal Grant on hold?”) to save your Cal Grant B for after you transfer (your Cal Grant B has a ticking clock and will expire after FOUR YEARS from your original award date; a “Leave of Absence” request pauses the clock temporarily). Be cautious when requesting “Leave of Absence” though, “Leave of Absence” can only be used for a maximum of FOUR SEMESTERS OR SIX QUARTERS during the life of the award.
Pell Grants are available for up to 12 semesters (approximately six years). To determine how much of your award you have used, visit Calculating Pell Grant Lifetime Eligibility Used.
Borrowing After You Transfer
Do NOT assume that you should just take out loans to pay for college and everything will work out. The government and colleges are not taking the time to educate you on how to manage your money or explain how crushing student loan debt could ruin your life. Loans are too easy to take out and the interests add up too quickly (particularly for unsubsidized or private loans). Student loans will follow you for life and not to be taken lightly (you will carry the debt until you die because the loans typically cannot be discharged through bankruptcy).
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