How to Apply for Financial Aid

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: Create an FSA ID number

Beginning 2015-16 academic year, students will be required to create and FSA ID number to complete the financial aid application. What is an FSA ID number?

Step Two: Fill Out the Free Application for Federal Student Aid (FAFSA)

The RCCC Federal Student Code is 005754.
The RCCC Federal Student Code is 005754, which you will need when you access FAFSA’s website to apply for aid. This application is used to determine eligibility for federal financial aid, state aid and institutional scholarships. Students should apply early, preferably before March 15, each year. The FAFSA application is also available at local high schools, local libraries and on campus.

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 0-5,198 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
0 $2887.50 $2165.55 $1444 $706.50

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 and fees are paid, you can then use it in the bookstore up to the amount remaining in your account.

Any remaining monies will be sent through BankMobile about eight weeks into the semester. Summer semester disbursement is approximately four weeks into the semester. In certain cases, checks may be mailed from the Business Office.

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