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Financial Aid News and Updates

Temporary Changes to Online Textbook Orders for Financial Aid Students

Published: November 22, 2011

Online orders for books through the RCCC bookstore will be unavailable for the financial aid students for spring semester 2012.
Online orders for books through the RCCC bookstore will be unavailable for the financial aid students for spring semester 2012. This is a temporary change due a system improvement for the student financial aid process between the bookstore and the college. We will be unable to process student financial aid orders for the spring semester 2012.

Financial aid students may begin charging in the bookstore beginning January 3, 2012. Only those students who have pre-registered for spring classes may begin charging on this date. Student who register during late registration, must allow 2-3 business days to begin charging on their accounts.

 

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New this Fall: Federal Direct Stafford Loans

Published: August 31, 2011

Beginning in the fall of 2011, RCCC will be offering Federal Direct Stafford Loans to students.
Beginning in the fall of 2011, RCCC will be offering Federal Direct Stafford Loans to students. These are fixed-rate student loans for undergraduate and graduate students who are attending college at least part-time. Because there are no principal payments to be made while one is enrolled in school, these are common and low-cost way to pay for your education and supplement personal and family resources, scholarships, grants, and work-study programs. Almost all students should be eligibile to recieve Stafford loans regardless fo their credit rating. Stafford loans may be subsidized by the federal government or unsubsidized based on the student’s need.

Remember, loans are not the same thing as grants and must be paid back. Federal Direct Stafford Student Loans payments typically begin six months after the point that you are no longer enrolled or drop below six credit hours. Federal Direct Stafford Student Loans are subject to the same rules and regulations as Federal Pell Grants and other federal aid. Loans are to be used for expenses associated with your education. Using loan money to purchase a car, pay legal expenses, make investments, consolidate consumer debts, or pay other non-educational related debts violates federal law and could result in the loss of your borrowing privileges at the college.

For more information on Federal Direct Stafford loans, we encourage you to read the Federal Direct Stafford loan One Stop articles.

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