IVC Irvine Valley College 5500 Irvine Center Drive, Irvine California. 949.451.5100
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About IVC Academics Admissions Offices and Services Student Life Information For:
IVC Financial Aid Office
 
Student Center Room 120
 
Office Hours 10am - 3pm & Are Subject To Change

Telephone: (949) 451-5287 | Fax: (949) 451-5459
 
D.O.E. IVC School Code: 025395 
 

What is Financial Aid?

Financial aid is money that helps you pay for the cost of your education (college fees, books and supplies, and basic living expenses). Sources of financial aid include the federal government, state governments, lending institutions, and the institution you are attending (see programs for more details).
 
 
Important Financial Aid Information
 
  YEAR ROUND PELL POLICY
 
Beginning with the 2009-2010 academic year students may be eligible for up to two scheduled awards (200%) per year of Pell Grants. For the summer of 2010, Irvine Valley College will pay Pell Grant out of the 2009-2010 year (as a “trailer”) during the transition period for the new Pell Grant awards. If students use their first scheduled award and they enroll in a minimum of five units they may be eligible for a second scheduled award. Students must meet the academic progression standards and have at least one unit which would go into their second year. For example, Irvine Valley College defines its year as 24 units; if the student receives a full-time award in fall 2009 and spring 2010, successfully completes their classes, and enrolls in five units or more in summer they would receive Pell Grant, for the summer payment period from the 2009-2010 year, providing they are otherwise eligible. Pell Grants for a payment period may be combined using the first and second scheduled awards if the student is eligible. For the summer, 2010 only, no consideration will be given to 2010-2011 student eligibility during the cross over payment period. (Updated April 14, 2010)

 For the summer of 2011, Irvine Valley College will consider the term to be a “cross-over” payment period and will pay Pell Grant out of the 2010-2011 or 2011-2012, which ever award year provides the student with the most Pell Grant eligibility. Students must have a valid ISIR on file for the year used to determine Pell Grant eligibility. If students use their first scheduled award and they enroll in a minimum of six units they may be eligible for a second scheduled award. Student must have one units which will go into their second year. For example, Irvine Valley College defines its year as 24 units; if the student receives a full time award in fall 2010 and spring 2011, successfully completes their classes, and enrolls in six units or more in summer they would receive Pell Grant, for the summer payment period from the 2010-11 or 2011-12 award year based on whichever will provide the largest scheduled award, providing they are otherwise eligible. Pell Grants for a payment period may be combined using the first and second scheduled awards if the student is eligible.

For the summer terms in all subsequent years, after 2011, the rules applied in summer 2011 will be applied using the correct aid years as determined by federal regulations.

 

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