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Financial Aid

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Applying for Financial Aid STEP 3

To continue to receive financial aid, you need to maintain your eligibility.
Find out how to do that in STEP 3.

STEP 3: Take Charge of your Finances

RCC requires aid recipients to complete a certificate, degree, or transfer program within a maximum credit allowance as determined by the Satisfactory Academic Progress policy, maintain a 2.0 or higher cumulative GPA, and successfully complete a minimum number of attempted credits each term. Financial Aid staff review your academic progress at the completion of each term.

  • Read the Satisfactory Academic Progress (SAP) policy. Understand the rights and responsibilities of accepting aid and if you have questions, please contact a your Financial Aid Advisor for clarification.
  • If you feel that you need more assistance with expenses for school, learn about your options. On and off campus jobs may be available (Student Employment Services).
  • Student Loans may also be an option (although we recommend that you minimize your debt as much as possible). Always be sure to diligently pursue scholarships, especially during the January to early March peak application window.

On to the Business of Being a Student

Financial Aid is designed to assist eligible students in accessing an education. Similar to getting paid for work performed on the job, aid-eligible students may qualify to receive federal aid for participating in an academic program. Your job is to:

  • be admitted (see Enrollment Services for more information)
  • declare an academic program (one-year certificates, two-year associate degrees, or transfer majors are generally aid eligible)
  • enroll in classes that progress you toward program completion
  • attend and maintain satisfactory academic progress

If you submit official transcripts from other colleges for possible transfer to an RCC program (required if you already have a degree), request an official degree evaluation from the Records Office. If you already have a degree or have 135 net cumulative attempted credits at RCC and want to continue at RCC, further access to financial aid must be on an appeal basis (degree evaluation required). See the Satisfactory Academic Progress policy for more information.

How Much Do I Get?

Once you’ve completed the application process described above, you’ve applied for financial aid at RCC. After it’s been determined that your application is complete and accurate, RCC will review your file in date-completed order to determine your aid eligibility and send you one of the following:

  1. Award Offer – This lists the type(s) and amount(s) of term-based aid we estimate you are eligible to receive or to submit a supplemental application for, based on your actual and/or projected enrollment. As changes to your enrollment level may directly affect your eligibility for aid, we recommend that you talk with your Financial Aid Advisor prior to changing your enrollment level and notify them immediately of any changes to your enrollment. An updated Award Offer Notification will be issued whenever your aid is adjusted.
  2. Eligibility Notification – This notifies applicants who are not eligible for need-based grant aid that they may submit a supplemental application for student employment and/or student loans.
  3. Non-Eligibility Notification – We will notify you if, for any reason, you appear to be ineligible for financial aid (default on a student loan, owe a repayment of federal funds, enrollment level too low to qualify, low financial need, late application, etc.)

Aid for which it is determined you are eligible is awarded up to your budgetary cost of attendance (COA) which includes allowances for tuition and fees, books and supplies, food and housing, transportation, and personal miscellaneous expenses.

Adjustments to standard student budgets may be possible on an individual basis for special expenses associated with your educational endeavors such as certified disability accommodations, documented study-abroad or documented dual-enrollment expenses. These professional judgment decisions are specific to RCC on an annual basis and cannot be appealed.

Getting your money

RCC partners with Bank Mobile to refund any money in excess of your student bill. In order to access those funds, you will need to set up your Bank Mobile refund preference online at

Disbursements of aid occur only for those students that have received an Award Notification from the Financial Aid Office. The first aid disbursement to your RCC student account each term is typically the middle of the second week. We begin refunding excess aid to students at the end of the second week, per the student’s refund preference with BankMobile.

If you have any questions about your financial aid award offer, contact your Financial Aid Advisor.

If you have any questions about your refund, contact Student Accounts at [email protected] or call 541-956-7450 Option #1