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… meet eligibility standards to work within the LACCD. Check with your college's Financial Aid Office. … Student Loans (Aid that you must pay back) … A caution about student loans – It takes time for a loan application to be processed by the school, … of six (6) financial aid approved active units. Loans are sources of financial assistance that allow you to spread the cost of education over time. Federal student loans are not automatically included in students’ award packages. Students are … your award will be held in reserve for up to three years until you transfer to a bachelor’s degree program.  Cal Grant B  Provides subsistence payments for new recipients in the amount of $1,648 for a full-time, full year award. Payments are …