Rowan-Cabarrus Community College offers many types of financial assistance. Depending on the type of assistance, eligibility is based on a variety of criteria such as: financial need, educational costs, academic achievement and availability of funds. Inquiries regarding financial aid should be directed to the Financial Aid Office.
Step One: Apply for a PIN
Your PIN is an electronic access code that serves as your personal identifier and can be used every year to electronically apply for federal student aid and to access your U.S. Department of Education records online. You can apply online for a federal student aid PIN after reading this brochure of crucial information.
Step Two: Fill Out the Free Application for Federal Student Aid (FAFSA)
The application is to be completed by the student and the student’s family by clicking on the above link, or it can be mailed directly to the address on the paper application. It is strongly recommended that students apply online to expedite processing. Once the application is processed, the results of the federal analysis are sent to the school(s) listed on the application. The student will receive a Student Aid Report (SAR) via mail or email. Students may also be required to submit additional documents to the Financial Aid Office.
Financial aid is not automatically renewed each year. To continue receiving financial aid, students must reapply each year. Financial aid is awarded for each academic year and credited toward tuition, fees and books each semester. Financial aid enrollment and disbursements are based on classes required for the student’s program of study.
Remember, it’s your responsibility to
- Apply early for financial aid assistance
- Complete a FAFSA each year, normally in or around February of the year you are beginning college.
- Submit all required forms and documentation to Rowan-Cabarrus Community College.
Student Aid Report (SAR)
The SAR is a confirmation that the financial aid application has been processed. Students should expect this confirmation within two to three weeks after submission. Please review the SAR for errors or omissions and make any necessary corrections online at www.fafsa.ed.gov or by completing part two of the paper SAR and returning it to the address of the federal processor which is also listed on your paper SAR. If an e-mail address was listed on the financial aid application the SAR will be emailed. Otherwise, it will be mailed.
Expected Family Contribution (EFC)
If all the data is completed and correct, the SAR will include an expected family contribution (EFC). The EFC is calculated based on a federal methodology established by Congress. EFC is the index that is used to establish eligibility for need-based aid.
Eligibility for need-based aid is calculated by subtracting the EFC (and other outside resources such as veterans benefits, scholarships, tuition waivers, fellowships, etc.) from the cost of attendance. This determines a student’s financial need.
In layman terms, the EFC is the number used to identify the amount of aid a student will receive for that academic year. An EFC from 0-5,273 indicates that a student is eligible for Federal Pell Grant. Once need is assessed, a students aid is then determined by the amount of credit hours enrolled each semester.
|EFC||12+ Credit Hours||9 – 11||6 – 8||<6|
Aid is available based on a variety of factors such as type of aid, credit hours and SAP. State aid is not available in the summer term; however, the Federal Pell Grant is an option during the Spring Semester and Summer Term .
A student can not receive aid at two colleges at one time. A student must choose which college to receive aid based on which college they are enrolled the most credit hours.
If RCCC’s school code (005754) was listed on your FAFSA, the college will receive your information electronically from the US Department of Education. The college will then notify you if additional documentation is needed to complete the application process. Your file will remain incomplete until all paperwork is submitted.
Once the file is complete an award letter will be mailed to you indicating the amount you were awarded for the academic year.
Disbursement of Funds
Monies awarded are based on enrollment and some grants require a minimum enrollment of six credit hours. If your award is enough to cover your tuition and fees, your bill will be paid. If your award is not enough to cover your charges, you must pay the balance from your own resources by the designated due date each semester.
If you have a remaining award after your tuition, fees and books are paid, you can then use it in the bookstore up to the amount remaining in your account.
Any remaining monies will be mailed in check form from the Business Office about six weeks into the semester. Summer semester disbursement is approximately four weeks into the semester.