How Financial Need is Determined
To qualify for financial aid, students must demonstrate financial need, which is defined as the difference between the Cost of Attendance (COA) and the Expected Family Contribution (EFC). The Expected Family Contribution (EFC) is determined by information provided on the FAFSA (Free Application for Federal Student Aid). Every student budget is based on the cost of attendance for students who meet specific domicile or program criteria. The cost of attendance is determined as follows:
|Average Tuition and Fees||$3,400|
|Books and Supplies||$1,300|
|Cost of Attendance *||$15,800|
* This cost of attendance is based on 2015-16 figures. The cost of attendance changes annually. The illustration above is for an in-state student. Average cost of attendance figures for each year may be obtained from the financial aid office. Individuals with questions about cost of attendance used in calculation of their aid award should contact the financial aid office.
Student Responsibility for Financial Aid
Procedures involving award recoveries from financial aid recipients are based on federal and state legislation. The regulations require that in instances of overpayment of scholarship, grant, or loan assistance, students must repay the overpayment.
More detailed information on eligibility requirements, services, application procedures and deadlines, and repayment schedules appears in the Financial Aid Handbook available through the Financial Aid Office.
Important Financial Aid Deadlines
RCC’s priority deadline is April 15th before the Fall semester the student would like to attend. Applications for financial aid should be completed and submitted electronically at www.fafsa.gov to the office of Federal Student Financial Aid Programs four weeks prior to registration at RCC.
Students must submit separate applications for scholarships. RCC/EFI Scholarship applications are usually available in December with a late February deadline for the upcoming academic year.
Students who wish to be considered for the work-study program must inform RCC financial aid staff after completing the FAFSA.
Deadlines are established each semester for the first day to charge and the last day to charge against financial aid award in the bookstore, and for submission of necessary information. These dates will be posted in the Financial Aid Office, on bulletin boards, in the Business Office, Bookstore, Student Lounge (Display TV screens), and on the RCC Website (financial aid section).
Students who wish to take advantage of Veterans Administration educational benefits for which they may be entitled should plan well in advance to ensure that the necessary VA approvals can be obtained prior to registration.
Last modified on 05-03-2017