1 Financial Aid Frequently Asked Questions How do I apply for Federal Financial Aid (Federal Pell Grant)? Complete the Free Application for Federal Student Aid (FAFSA) at What is RMCC's school code? RMCC school code for the FAFSA is What types of Federal aid does the FAFSA qualify me for? It is used to determine eligibility for all the Federal programs: Pell, FSEOG, Student Loans, Work-study and some state aid programs such as Arkansas Academic Challenge, GO Grant and Arkansas Workforce Improvement Grant. Note: RMCC does not participate in the Federal Student Loan program. So if the FAFSA states you are eligible for Student Loans, this will not apply while enrolled at RMCC. What information do I need to complete the FAFSA? For the current school year, you will need the following financial information: Your Social Security Number (can be found on Social Security card) Your driver's license (if any) Your prior year W-2 Forms and other records of money earned Your (and your spouse's, if you are married) prior year Federal Income Tax Return - IRS Form 1040, 1040A, 1040EZ, foreign tax return, or tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federated States of Micronesia or Palau Your parents' prior year Federal Income Tax Return (if you are a dependent student) Your most recent bank statements (if any) Your most recent business and investment mortgage information, business and farm records, stock, bond, and other investment records Your alien registration number or permanent residence card (if you are not a U.S. citizen) To organize your information, you can print and complete a FAFSA on the Web Worksheet before you begin entering your information online. Follow this link to view FAFSA information online, FAFSA on the WEB.
2 What is the quickest way to complete a FAFSA? Filing Online! It can take up to 72 hours to process a FASFA completed online. Paper FAFSA's mailed in take about 4 to 6 weeks for the Department of Education to process. So, apply online and do not complete a paper FAFSA for a quick turnaround! Who is eligible for financial aid? Almost everyone is eligible to apply for financial aid. Financial aid includes loans and workstudy as well as grants. It is important that we note that not everyone is eligible for grants. Students can qualify for state funds and not receive grant funds. Keep this in mind when applying for financial aid. The following are examples as to why a student may not qualify for grants: those who have not received a high school diploma, home school equivalency, or passed the GED test, those who are not enrolled in an eligible degree or certificate program, those who defaulted on any federal loans or have reached the maximum aggregate limit, and noncitizens on a F1 visa and those who are not meeting Satisfactory Academic Progress at RMCC. Can I still apply for the FASFA right before school starts or after the semester starts? Yes, you can apply before or after the semester starts! A student that applies before the semester starts and meets the July 1 st priority deadline have a greater chance of having his/her financial aid posted by the time college classes start. This is if all necessary paperwork has been sent in. A student applying after school starts must set up a payment plan with the Business Office until his/her Financial Aid eligibility has been determined and has been processed. How do I transfer my aid from my current college to RMCC? Financial aid does not transfer between colleges without you adding RMCC as a school. You must first add our school code to your FAFSA application, cancel any remaining aid at your former college and request an official transcript be sent to RMCC. You will also need to complete the admissions process. We will determine your eligibility and award you after admissions and financial aid documents have been received. I will be attending another college and RMCC. Can I get aid at both colleges? Depending on the college you are attending, you may be eligible for a consortium (receive your financial aid by counting the hours you are enrolled in at another college). You should
3 apply for aid at the college you are obtaining a degree from. Then, you must contact the Financial Aid Office at your home institution (institution you will receive degree from) to determine if you can complete a consortium agreement for the hours at the host institution (institution you are taking additional classes from). If you are getting an Associate degree from RMCC and transferring to another college, you will want to apply for aid at the college that you are enrolled in the most hours. How do I apply for academic scholarships at RMCC? RMCC Academic scholarship application is located on our website. You can click on the following link to access the RMCC Financial Aid webpage to access the Academic scholarship application RMCC Academic scholarship deadline is April 1 st. RMCC Academic Scholarships: How much is my scholarship? RMCC Academic scholarship amounts are: Board of Trustees covers the cost of tuition, mandatory fees and a book stipend for up to 15 credit hours per semester. President - covers the cost of tuition, mandatory fees and a book stipend for up to 15 credit hours per semester. Vice Presidents - covers the cost of tuition and mandatory fees for up to 15 credit hours per semester. All of the academic scholarships will pay for fall and spring terms only. No summer funds will be available unless in a program that requires the student to enroll in the summer term (example: LPN program). This term will be counted in the two years (four semester total). Will I receive all of my scholarship? The amount that will be credit to your account will vary based on your scholarship and your actual charges. Your actual charges are dependent on the number of hours you enroll in each term. This amount can vary from each semester due to your actual charges accrued on your account. What are the criteria to keep my scholarship? You must be enrolled in 12 credit hours each semester. You must maintain a 3.00 GPA each semester enrolled. You must maintain fulltime status each term, excluding summers. How long will I be able to keep the scholarship?
4 The academic scholarship will can be used for up to two years at RMCC. The student does however have to maintain progress and meet the above criteria in order to continue eligibility. When will I get my refund? The Financial Aid Office sends out notifications via RMCC student . Students should check their RMCC s for this and other important financial aid notifications. In what order will my aid apply to my account? It will depend on the combination of aid you receive. Most often your aid will be applied in this order: (1) federal grants will be applied, (2) any state aid you receive, and (3) any institutional aid. NOTE: This is not all inclusive in reference to awarding. Some funds may be reduced depending on the amount of financial aid a student receives. Why has my scholarship not credited to my account? If your scholarship is not credited to your account, determine the following: Have you been officially admitted to RMCC? Did you register for the correct number of hours? (12 hours for all RMCC academic scholarships) Did you complete the FAFSA at Did you turned in all required documents to Financial Aid? Did you have to several scholarships and exceed your cost of attendance? Why did my scholarship credit for the fall term, but not the spring term? Did you meet the renewal requirements for the scholarship? Refer to your original scholarship award letter or the catalog for your award year at for RMCC Academic scholarships. Register for the correct number of hours? (12 hours for all RMCC Academic scholarships) Can I appeal a lost RMCC Academic scholarship? Under extreme circumstances, such as severe illness or a death in the immediate family, scholarship appeals are considered. Please send a detailed letter including supporting documentation, if appropriate, to the attention of VP for Academics and Student Affairs. Decision notification from the scholarship appeals committee will be sent to your mailing address. Loans RMCC does not participate in the Federal Student Loan program. Students do have the options of uninsured loans and/or private loans. These loans are not handled by RMCC. RMCC does
5 not endorse any of the above loans. It is your decision about which, if any, loan you prefer. Federal Pell Grant Questions: How often do I have to complete the FAFSA? You must complete the FAFSA each year after you complete your taxes. If you and your parents (if applicable), are not required to complete a tax return, then you can file as early as January 1 st of each year. How much Federal Pell funds will I receive? Your eligibility is based on several factors, such as, number in family, assets, age, etc. Once you complete the FAFSA, you will receive an estimated eligibility. This amount is based on the award year (usually fall and spring terms). For example, your eligibility may be estimated at $5,550. This amount will be split for the fall and spring terms, which would be $2,775 per term. This amount is based on fulltime enrollment. (12 credit hours = fulltime for FEDERAL FUNDS!) What does verification mean and why do I have to submit the information that the Financial Aid Office is requesting? Verification means that your information has been selected to be reviewed. The Central Processing System (CPS) selects FAFSA applications at random to be reviewed by the financial aid administrator. This means that the Financial Aid Office must verify information on your FAFSA before awarding your funds. If after the review a correction is needed, the Financial Aid personnel will have to make the correction before awarding your funds. You will be required to submit a signed verification worksheet, either dependent or independent worksheet. Depending on your status, the FAO may have to obtain additional documents from you. Why will my tax return that my tax preparer completed not be accepted for the verification process? Beginning with the award year, the FAO can no longer take copies of a tax return that does not come directly from the IRS. You will have to request an IRS tax return transcript from the IRS if you do not import your tax information using the IRS Data Retrieval Tool on the FAFSA. You can then submit your tax return transcript to the FAO if you choose this process. How do I request an IRS Tax Return Transcript? To obtain an IRS tax return transcript, go to and click on Order a Return or Account Transcript, then follow the steps to have the document sent to you. You can also call the IRS at NOTE: Make sure that you do not request the IRS tax account transcript.
6 What happens if I do not submit all of my information for verification? Can I still get financial aid? The FAO will not process your Federal funds until all documents are received. This will hold up your Federal funds. Other financial aid may be awarded. Once you submit all the required documents, the FAO will then be able to determine your eligibility for Federal funds. My award notification stated that I was entitled to $2,775 for the fall semester. My student portal only shows that I will receive $2,081 for the fall semester. Why? When you receive your financial aid award notification from RMCC, remember that it is based on fulltime status (12 credit hours). If your amount has been adjusted, it is because you were not enrolled in 12 credit hours on the 11 th class day. The above amount is based on ¾ time entitlement. This means that you were enrolled in 9 to 11 credit hours and not 12 credit hours or more. Can I get the remaining Pell funds that I did not receive because I was not enrolled in fulltime for the fall and/or spring? The only way you can receive the remaining funds is if you enroll in hours for the summer term. If you are not enrolled in fulltime during the fall and/or spring term, you cannot receive the remaining funds for that term. RMCC is required by the Department of Education to adjust students funds based on enrollment. I did not receive Pell for the spring. Why are my funds no longer available? Ask the following questions: Did I maintain satisfactory progress for the fall term? See RMCC SAP Policy for requirements. Did I enroll in classes that go towards my degree at RMCC? Have I reached the hour requirements for a two year college? See Length of eligibility for Federal funds at RMCC. I want to take some classes that are not in my degree plan. Can I use my Pell grant funds to pay for these classes? No! You must take classes that go towards your degree only! If you enroll in classes that are not part of your degree program, your Pell funds will be reduced to the hours that apply towards your program at RMCC. I finished my degree at RMCC. I want to take more classes that will help me when I transfer and receive my Bachelor s degree. Can Pell grant pay for these courses?
7 No, because these courses are not in your degree plan at RMCC. If the classes were taken for the degree that you were in at the time, then, yes. Pell can only be used if you are enrolled in a program that is approved for Federal Pell Grant funds. I want to take the Certified Nursing Assistant (CNA) program at RMCC. Is it covered by Pell grant? No, this program is not covered by the Federal Pell grant. If you are applying for other financial aid assistance, you will be required to complete the FAFSA. This is a requirement for the program that you are applying. It does not mean that you will receive Pell grant funds. What is the withdrawal process? A student that needs to withdrawal from one or all classes must contact the Associate VP for Student Affairs Office. After completing the required document for withdrawing, the student must contact Financial Aid and present the official document for a signature. All students are required to come by the FAO even if they do not have financial aid. FA personnel will counsel with the student in refer to what the consequences of withdrawing from one or all classes. If I withdrawal from classes, am I still entitled to my Pell grant funds? You may be entitled to receive Pell grant and other Title IV funds even if you withdrawal from classes. The following are a few scenarios: If you are enrolled and were attending classes on or after the 11 th class day and have completed your financial aid paperwork, you would be entitled to Pell grant funds. The amount you would be eligible for would be determined by using software provided by the Department of Education. This software would calculate the amount of funds, if any, you are entitled to. RMCC would take the amount of Pell and/or other Title IV grant entitlement and deduct your charges (tuition, fees and/or books) accrued at RMCC for the semester you are enrolled. If after the charges are deducted and you have a credit balance, the remaining funds will be sent to you by mail. You will be notified within 30 days from the date of your withdrawal if you owe any Title IV funds or if you are entitled to a refund. If you withdrawal and have not completed all of your financial aid paperwork, you will not be awarded financial aid. At this point, you would not receive the funds because your financial aid eligibility had not been determined and cannot be determined because you did not provide the documents requested by the Financial Aid Office. If I withdraw, will I have to return my Pell grant funds?
8 You may be required to return a portion of your funds if you have not completed at least 60% point of the semester (Example: The fall term 60% is usually at the end of October. The spring term 60% is usually at the end of March.) If you have not reached the 60% point, you may be required to pay a portion of your Pell grant funds back. The FAO will complete a Return to Title IV calculation to determine if you owe funds or in the case of a post-withdrawal disbursement are entitled to funds. How do I know what percentage of the semester I have completed? To determine what percentage you have completed the following formula is used: # of calendar days completed for the semester / total # of calendar days in the semester This is used to determine the percentage of the semester the student has completed at RMCC. Will the Federal Pell grant pay for repeated class(es) students have failed or withdrawn from? Yes, students can repeat classes that they fail as long as they need a C or better in order to advance to another course. For example, if a student makes an D in English Composition I, then the student would need to repeat this course to advance to English Composition II. Students that pass a class with a D cannot repeat the course and Pell pay for it. For example, if the student takes US History I and makes a D, then this is passing for RMCC purposes. The student does not need a C to advance to another class. Students can repeat a failed class or withdrawn class up to two times and still receive funding. On the third attempt, the student will have to use his/her own funds to pay for the class. What is an NF grade and how does it impact my Pell funds? If you receive all NF grades for the semester, your instructor is notifying Financial Aid that you stopped attending classes. NF grades have the Last Date of Attendance (LDA) that you attended that class. For financial aid purposes, the LDA is used when determining if you are required to return some or all of your Pell and/or other Title IV funds. This notification is called an unofficial withdrawal. This means that you stopped attending classes; however, you never officially withdrew from the class. You will be notified if you are required to return your Title IV funds. This notification is sent to you by mail and/or .
9 What if I withdrawal before completing the FAFSA? If you withdrawal and have not completed the FAFSA, your financial aid eligibility cannot be determined because we have not record to determine if you would have been eligible for funds. If I attended some of my classes and did not attend all of them, what happens to my Pell funds? The following situation could happen in the even that you did not attend some of your classes: Official withdrawal - RMCC Financial Aid Office would adjust your funds to the amount that you were entitled to before withdrawing based on the classes you did attend. For example, you were enrolled in 4 classes that resulted in 12 credit hours. You only attended 2 classes which was a total of 6 credit hours. Your financial aid would be adjusted to ½ time. After the adjustment, RMCC would then be required to perform a Return of Title IV calculation to determine how much of the funds you would be entitled to, if any, because of your withdrawal. Unofficial withdrawal The same rule applies for students that unofficially withdrawal from classes. This means that you just stopped attending classes and did not notify RMCC. If you did not attend 2 out of 4 classes, then you would only be entitled to ½ time, like the example above. Either way, your funds could be adjusted based on your official or unofficial notification. Can my attendance affect my Pell grant funds? Yes, if you do not attend classes regularly, your grade will show it! Remember that you must maintain progress to continue receiving Pell grant funds. RMCC Foundation scholarships: How do I apply for the Foundation scholarships? You can download the RMCC Foundation scholarship application from the RMCC Financial Aid website at Foundation deadlines are: April 1 st, July 30 th and December 1 st. What are the criteria for the Foundation scholarships? You must complete the application by deadline and return to the Financial Aid Office. You need an essay, describing your goals and objectives while at RMCC. You must submit a copy of your high school transcript or college transcript. You need to complete the FAFSA if awarded a scholarship. Maintain a 2.5 GPA while enrolled for the fall and spring terms. (If awarded for spring only, you need to have a 2.5 GPA before reapplying for the scholarship for the fall term.)
10 Do I still get my scholarship if I am not enrolled fulltime? Yes, you can receive the scholarship even if you are not fulltime. The amount of your scholarship may be adjusted. I received the Foundation scholarship for the fall semester. Will I receive it in the spring as well? Yes, since you were awarded the scholarship in the fall, you will receive it in the spring as long as you maintain progress and meet the renewal criteria. Foundation scholarships are for one year only, if awarding during the fall term. If you are awarded during the spring, you will only receive the scholarship for one term. Scholarships from outside organizations and/or agencies: I received a private scholarship. Why is it not on my student account? Does the organization need proof of your enrollment? If so, contact the Financial Aid Office in order to get proof of enrollment. Was the scholarship received late? If so, the scholarship will be posted to your account as soon as funds are received. Financial Aid will disburse funds every two weeks after the first disbursement. How is my private scholarship awarded? In general, private scholarships are awarded for the fall term only. The Financial Aid Office can divide the scholarship between two terms if the student would prefer to have the funds split. Can I receive a refund check from my private scholarship? Yes. If your account balance is $0.00 and the scholarship is not restricted, you would receive the funds. What does it mean when a scholarship is restricted or non-restricted? Restricted scholarships are those that can only pay for educational expenses such as tuition, fees and/or books. These funds cannot be refunded to a student because the scholarship defines that it must go to the above categories. Non-restricted scholarships are those that can go to any educational expense the student may have while attending college. These funds can be refunded to a student.
FAQ Financial Aid GENERAL: Why hasn t my financial aid been posted to my account? You may not have fulfilled your financial aid student requirements; therefore, your file is not complete. Log into your
Office of Financial Aid and Veterans Affairs Financial Aid Handbook 2012-13 Start near. Go far. Table of Contents Introduction... 1 How to Apply... 1 Application Deadlines... 2 Eligibility Requirements...
John A. Logan College Financial Aid Booklet inside: Applying for Financial Aid Definitions Types of Financial Assistance Satisfactory Academic Progress Students Rights and Responsibilities 1 John A. Logan
2015-16 Stark State College Financial Aid Guide Information essential to your college success. starkstate.edu Welcome You re on your way to joining the Stark State College family. Read this entire booklet
Welcome to Red Rocks Community College and the Financial Aid Office We hope that your experiences here are some of the most memorable and rewarding of your lifetime. You are probably concerned about how
Financial Aid Handbook Dear Student: Greetings from the Department of Student Financial and Employment Services and welcome to Milwaukee Area Technical College (MATC). You are continuing your educational
Steps to Apply for Financial Aid These three easy steps will help keep a student on track for applying for admission and financial aid. To apply online, visit www.hawaii.edu/admissions or visit the admissions
CAGS 204-205 Colorado Christian University Financial Aid Policies Handbook College of Adult and Graduate Studies 204-205 Service Central Address: 8787 W. Alameda Ave. Lakewood, CO 80226 Hours: Monday -
W E S T H I L L S C O L L E G E F I N A N C I A L A I D & S C H O L A R S H I P S H A N D B OOK 2 0 1 4-2 0 1 5 Important Dates Fall 2014 Aug 18 Fall 2014 Semester Begins Aug 22 1st Financial Aid Disbursement
KELLOGG COMMUNITY COLLEGE Financial Aid Reference Financial Aid Notification Online Notifications for financial aid tracking letters and award letters are being sent electronically to students. All required
Financial Aid Handbook COMMUNITY COLLEGE OF AURORA FINANCIAL AID OFFICE 16000 E. CENTRETECH PARKWAY AURORA, CO 80011-9036 303-360-4709 FINANCIALAID@CCAURORA.EDU FAFSA SCHOOL CODE: 016058 Introduction The
Financial Aid Terms and Conditions Introduction Barstow Community College's Financial Aid programs stem from a belief that student aid services should facilitate and foster the successful academic participation
2015-2016 FINANCIAL AID HANDBOOK 1 FINANCIAL AID HANDBOOK TABLE OF CONTENTS General Information/Disclosures Educational Goals.......................................................... 3 Institutional and
11110 Alondra Blvd. Norwalk, CA 90650 Phone: (562) 860-2451 (ext. 2399) E-mail: email@example.com Financial Aid Agreement This handout contains important information on the Cerritos College
Terms and Conditions Governing Student Financial Aid LSCS Financial Aid Departments Cy-Fair Kingwood Montgomery North Harris Tomball University Park 9191 Barker Cypress Road Cypress, Texas 77433 2000 Kingwood
Find yourself here Application Eligibility Helpful Hints Rights & Responsibilities Verification Academic Progress Dependent/Independent Status Y O U R G U I D E T O FINANCIAL AID Bright Futures Federal
The Student Guide: CVCC Student Financial Aid Office 3506 Wards Road, Lynchburg, VA 24502 Room 2110, Amherst Hall Lynchburg Campus Office E-mail firstname.lastname@example.org Visit CVCC s web site at http://www.cvcc.vccs.edu
VOL. 4, NO. 1 2014/2015 Apply for Financial Aid! Financial aid is money that is available to help students finance the cost of an education. Financial aid comes in the form of grants (money that the student
A Guide for Students and Parents The Office of Financial Aid 2404 North Grand Avenue Tyler, Texas 75702 903-593-8311 ext. 2212 903-593-9744 Fax The Enrollment Center Office Hours Monday-Friday 8:00AM-5:00PM
Kendall College Office of Financial Aid Program Terms & Conditions 2014-2015 email@example.com Phone: 312-752-2070 Table of Contents Introduction... 4 Federal Pell Grants... 4 Federal Supplemental
Financial Aid Bulletin 2015-2016 City College Mesa College Miramar College Financial Aid Bulletin Dear Student, The San Diego Community College District (SDCCD) Financial Aid Bulletin is intended to help
Financial Aid Handbook 2013 Introduction This handbook describes the financial aid process and the programs of financial aid available at Illinois State University. The financial aid process begins when
Understanding Financial Aid with the help of a few real characters Financial Aid Terms FAFSA: Free Application for Federal Student Aid; the online form you and your parents submit (if you are age 24 or
Peralta Community College District 2014-2015 Student Financial Aid Handbook 1 Peralta Community College District Board of Trustees CY GULASSA, PRESIDENT ABEL GUILLÉN VICE PRESIDENT MEREDITH BROWN NICKY
Financial Aid Cover.pdf 1 6/13/2012 9:29:04 AM C M Y CM MY CY CMY K Financial Aid Cover.pdf 1 6/13/2012 9:29:04 AM C M Y CM MY CY CMY K TABLE OF CONTENTS Contact Information... 2 Eligibility... 3 Enrollment