Financial Aid Essentials
Frequently Asked Questions
Types of Financial Aid
Rowan-Cabarrus Community College offers many types of financial assistance. Depending on the type of aid, eligibility is based on one or more of the following criteria: financial need of the individual, educational costs, academic achievement and availability of funds. Inquiries regarding financial aid should be directed to the Financial Aid Office.
A federal grant that is awarded to eligible students who do not have a B.S. /B.A. degree or equivalent. Amounts range from $652 to $6,095 per academic year. The amount received depends on the Expected Family Contribution (EFC), cost of attendance and enrollment status. Pell Grant is limited to 12 full-time semesters or equivalent. May be awarded fall, spring and summer semesters depending on enrollment status during the academic year.
Supplemental Educational Opportunity Grant (SEOG)
A federal grant that is awarded when a student demonstrates exceptional need and does not have a B.S./B.A. degree or equivalent. Funding is limited.
Federal Work-Study Program (FWS)
Work-Study is a federal work program that provides jobs to help pay for educational expenses. This program encourages community service and should be work related to the student’s course of study. Students will be paid at least the federal minimum wage of $8.00 per hour and can work up to 15 hours per week. Please complete the application for work-study if you are interested in such aid and remember that funding is limited. Make sure that you apply for a specific position, as those with no position listed will not be reviewed. Students are not permitted to work during holidays (i.e. Spring break, Fall break). All contracts will go through the last day of the Spring semester. No work-study will be allowed during the months of June and July. You will be required to submit a time sheet through WebAdvisor by the last working day of each month and cannot show more than 15 hours worked per week.
A state funded scholarship offered for up to four years, including fall, spring and summer school terms. The program funds up to the school’s full cost of attendance after other public funds and scholarships have been applied. NC Reach provides comprehensive student support, including Virtual Mentors, Care Packages and internships.
North Carolina Community College Grant (NCCCG)
A state grant available to North Carolina residents who demonstrate financial need through the FAFSA application and are enrolled as an undergraduate for at least six credit hours per semester at a North Carolina Community College. Amounts range from $100 to $2,300 per academic year. NCCCG is not available in the summer. Beginning fall 2016, students who register for 15 or more credit hours will be awarded additional funds.
North Carolina Education Lottery Grant (NCELS)
A state grant available to North Carolina residents who demonstrate financial need through the FAFSA application and are enrolled as undergraduates a minimum of six credit hours each semester. Amounts range from $152 to $2,852 per academic year. NCELS is not available in the summer.
The Forgivable Education Loan for Service (FELS)
The Forgivable Education Loan for Service (FELS) was established by the North Carolina General Assembly in 2011 and the first loans available for the 2012-13 academic year. The forgivable loan provides financial assistance to qualified students who are committed to working in North Carolina in fields designated as critical employment shortage professions. For additional information, application deadlines, and eligible degree programs, visit their website.
Child Care Grant
The child care grant program is accepting applications for 2019-2020 academic year beginning May 1.
Child care grants are available for eligible students with dependent children. The grants pay up to $125 per week per child for eligible child care cost. To meet qualifications, a student must:
- Complete the FAFSA
- Complete a childcare application 2020-2021
- Choose either a degree or diploma program
- Maintain Satisfactory Academic Progress
- Choose a licensed / registered child care facility.