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Category: Financial Aid

150 Percent Rule (Max Time Frame)

150 Percent (Max Time Frame) This regulation applies to all students, including those that have not previously received financial aid. For example, a student working toward an A.A. degree needs 60 hours to graduate. Once the student attempts 90 hours he/she is no longer eligible for financial aid. (60 hrs. x 150 percent = 90 [...]

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After Receiving Financial Aid Frequently Asked Questions

If I have money left from my award and don’t attend during the summer, does that money carry over to the next fall? No. The award is for the academic year that you applied for only. If you do not use it all during that year, you never get the unused portion. Do I have [...]

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Application Procedures for VA Benefits

The following rules and information are important for your to keep in mind as you apply for VA Education Benefits certification and a receipt of pay. The first step toward using your benefits is submitting an application online. Each chapter requires different forms and/or documentation. Therefore, it is imperative that you are aware of your [...]

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Financial Aid and Enrollment Frequently Asked Questions

What is an academic year? The academic year is defined as fall and spring semesters, with an optional summer. Fall semester begins in August and ends in December, spring semester begins in January and ends in May, and summer school starts in May and ends in July. Do I have to attend full-time to qualify [...]

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Financial Aid Appeals Procedure

Students terminated from financial aid assistance due to unsatisfactory standing may appeal if there are extenuating circumstances (medical or personal problems). To appeal, the student must complete and return the  Satisfactory Academic Progress form and supporting documentation to the FAO. Students must submit these documents seven days prior to classes beginning. Prior to submitting an appeal, [...]

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Financial Aid Application Process Frequently Asked Questions

How do I apply for financial aid? Complete the Free Application for Federal Student Aid (FAFSA) or, if you are a continuing student, the Renewal Free Application for Federal Student Aid (RFAFSA). Either of these can be submitted between the January prior to the beginning of the academic year and June of the summer session [...]

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Financial Aid Warnings and Probation

Warning A student is placed on warning when SAP is not met: A student on probation may receive Financial Aid for their next enrollment term. The student must re-establish satisfactory academic progress during the warning term. Unsatisfactory A student who has previously been on warning status and has failed to maintain satisfactory academic progress will [...]

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Higher One My RCCC Card Frequently Asked Questions

Rowan-Cabarrus Community College has partnered with Higher One, a financial services company focused solely on higher education, to offer faster delivery of refunds to students. Higher One will help bring this method for receiving refunds via the My RCCC Card Debit MasterCard®. The My RCCC Card will be your key to faster refunds and increased [...]

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How much can be borrowed through Federal Direct Stafford loans?

Types of Loans Subsidized- the federal government pays the interest on the loan while the student is enrolled at least half time.  Student must demonstrate financial need. Unsubsidized- students may borrow this loan without demonstrating need; however, interest accrues from the day the loan is disbursed. Borrowing Maximums Student Type Completed Credits Subsidized Unsubsidized Annual Max (Sub+Unsub) [...]

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How to Apply for Federal Direct Stafford Loans

  Be admitted into an approved Degree, Diploma, or Certificate program, and be maintaining Satisfactory Academic Progress in that program. Complete the FAFSA (Free Application for Federal Student Aid) for the current aid year. Provide other documents if requested by the Financial Aid Office. Sometimes the FAFSA data is incomplete, or the U.S. Department of [...]

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