The RCC Monetary Assist Workplace is happy to announce the disbursement of economic help for the 2024-2025 tutorial 12 months. This disbursement will present much-needed monetary help to college students who’re dealing with the rising prices of upper schooling. The funds shall be disbursed in two installments, with the primary installment being despatched out in August 2024 and the second installment being despatched out in January 2025. College students who’re eligible for monetary help shall be notified by the Monetary Assist Workplace and shall be supplied with directions on how you can obtain their funds.
The RCC Monetary Assist Workplace is dedicated to serving to college students succeed of their tutorial endeavors. The disbursement of economic help is simply one of many many ways in which the workplace gives assist to college students. The workplace additionally gives quite a lot of different providers, comparable to monetary counseling, scholarship help, and emergency loans. College students who’re dealing with monetary difficulties are inspired to contact the Monetary Assist Workplace to study extra in regards to the assets which can be accessible to them.
Along with the disbursement of economic help, the RCC Monetary Assist Workplace additionally gives quite a lot of different providers to college students. These providers embrace monetary counseling, scholarship help, and emergency loans. College students who’re dealing with monetary difficulties are inspired to contact the Monetary Assist Workplace to study extra in regards to the assets which can be accessible to them. The workplace is dedicated to serving to college students succeed of their tutorial endeavors and is devoted to offering them with the assist they should succeed.
RCC Monetary Assist Disbursement Timeline
Understanding the RCC Monetary Assist Disbursement Course of
The disbursement of economic help at RCC usually happens in a number of phases, with every stage adhering to particular timelines and necessities. To make sure a easy and well timed receipt of economic help funds, it’s essential for college students to know the disbursement course of and meet all mandatory deadlines.
RCC’s monetary help disbursement timeline is primarily decided by the next components:
- The kind of monetary help being obtained (e.g., loans, grants, scholarships)
- The timing of when the coed meets all eligibility necessities
- The coed’s enrollment standing and course load
The next is a basic overview of the RCC monetary help disbursement timeline for the 2024-2025 tutorial 12 months:
| Date | Disbursement Motion |
|---|---|
| July 1, 2024 | FAFSA opens for the 2024-2025 tutorial 12 months |
| October 1, 2024 | Precedence FAFSA submitting deadline for California residents |
| February 15, 2025 | Last FAFSA submitting deadline for the 2024-2025 tutorial 12 months |
| April 1, 2025 | RCC begins notifying eligible college students of their monetary help awards |
| June 1, 2025 | First monetary help disbursements for the autumn 2025 semester |
| July 1, 2025 | First monetary help disbursements for the spring 2026 semester (if relevant) |
| September 1, 2025 | Final monetary help disbursements for the autumn 2025 semester |
| December 1, 2025 | Final monetary help disbursements for the spring 2026 semester |
Eligibility Necessities for RCC Monetary Assist
Normal Eligibility
To be eligible for RCC monetary help, you will need to:
- Be a U.S. citizen or eligible noncitizen
- Have a legitimate Social Safety quantity
- Enroll in an eligible diploma or certificates program
- Keep passable tutorial progress
- Not be in default on any federal pupil loans
Earnings and Asset Necessities
Along with the final eligibility necessities, you may additionally want to satisfy sure earnings and asset necessities to qualify for some sorts of monetary help.
The desk under reveals the earnings and asset limits for the 2023-2024 tutorial 12 months.
| Eligibility | Earnings Restrict | Asset Restrict |
|---|---|---|
| Grant Assist (Pell, Cal Grant) | $75,000 | $50,000 |
| Mortgage Assist (Sponsored, Unsubsidized) | $150,000 | $125,000 |
| Work-Research | $75,000 | $125,000 |
The earnings and asset limits are primarily based on the Adjusted Gross Earnings (AGI) reported in your most up-to-date federal earnings tax return. If you’re submitting as a dependent in your mother and father’ earnings tax return, their AGI shall be used to find out your eligibility for help.
Verification Course of for RCC Monetary Assist
Random and Focused Choice
RCC selects college students at random or primarily based on particular standards for verification. College students who’re chosen for verification will obtain a notification of their RCC electronic mail and/or by way of mail.
Required Paperwork
Chosen college students should submit the next paperwork to finish the verification course of:
- Accomplished Verification Worksheet
- Federal Earnings Tax Transcripts (for pupil and, if relevant, mother and father)
- Social Safety Quantity Verification
- Verification of Untaxed Earnings
- Verification of Property
- Further paperwork could also be required primarily based on particular person circumstances
Particular Concerns
College students who’re chosen for verification could also be topic to extra scrutiny of their monetary help software. RCC could request extra documentation, interview the coed or their mother and father, or conduct a house go to to confirm the accuracy of the monetary info supplied.
Offering false or deceptive info through the verification course of could consequence within the cancellation of economic help and different penalties.
Timelines
The verification course of can take a number of weeks to finish, and college students are suggested to submit their paperwork promptly. College students who fail to finish the verification course of inside the established deadlines could lose their monetary help eligibility.
Learn how to Submit Paperwork
College students can submit their verification paperwork on-line or by way of mail to the RCC Monetary Assist Workplace.
On-line:
- Log in to your RCC pupil portal
- Click on on the “Paperwork” hyperlink
- Observe the directions to add your paperwork
Mail:
Riverside Metropolis School Monetary Assist Workplace
4800 Magnolia Avenue
Riverside, CA 92506
Please embrace your RCC pupil ID quantity on all submitted paperwork.
Scholar Accountability for RCC Monetary Assist
Earlier than the monetary help funds are disbursed, college students should meet all of the eligibility necessities. As soon as the eligibility necessities are met, the monetary help is disbursed in keeping with the next disbursement schedule.
Scholar Eligibility Necessities
College students should meet the next eligibility necessities to obtain monetary help.
- Be enrolled at RCC in an eligible diploma or certificates program.
- Be making passable tutorial progress.
- Not be in default on any federal or state pupil loans.
- Not owe a refund on any federal or state grants.
- Have a legitimate Social Safety Quantity.
- Be registered with Selective Service, if required.
Monetary Assist Disbursement Schedule
Monetary help is disbursed in keeping with the next schedule:
| Time period | Disbursement Date |
|---|---|
| Fall 2024 | August 25, 2024 |
| Spring 2025 | January 15, 2025 |
Scholar Obligations
College students are chargeable for:
- Finishing the Free Software for Federal Scholar Assist (FAFSA) by the precedence deadline.
- Submitting all required documentation to the RCC Monetary Assist Workplace.
- Sustaining passable tutorial progress.
- Notifying the RCC Monetary Assist Workplace of any modifications of their enrollment standing, monetary state of affairs, or different circumstances that will have an effect on their eligibility for monetary help.
- Repaying any monetary help funds that they obtained in the event that they withdraw from RCC earlier than finishing the time period for which the funds had been disbursed. Compensation isn’t required if the coed withdraws resulting from army service or different mitigating circumstances.
- Repaying any federal pupil loans that they obtained in the event that they default on the mortgage.
Enchantment Course of for RCC Monetary Assist
Eligibility
RCC follows the federal pupil monetary help attraction laws. To be eligible to attraction, college students should:
- Be enrolled in or accepted for enrollment at RCC.
- Have filed the Free Software for Federal Scholar Assist (FAFSA).
- Have accomplished all mandatory monetary help types.
- Have obtained a monetary help denial or adjustment.
Software Course of
To attraction, college students should submit a written attraction letter to the RCC Monetary Assist Workplace. The letter ought to:
- Clarify the idea for the attraction (e.g., error, change in monetary circumstances).
- Present supporting documentation (e.g., earnings tax returns, financial institution statements).
- Be dated and signed.
Assessment Course of
The Monetary Assist Workplace will assessment the attraction inside 30 days of receipt. The reviewer will think about the coed’s circumstances, monetary want, and the supply of funds.
Notification
College students shall be notified of the attraction determination in writing. The choice could also be to grant the attraction, deny the attraction, or regulate the monetary help award.
Further Data
College students could contact the RCC Monetary Assist Workplace at (707) 527-4211 or by electronic mail at financialaid@rcc.edu for extra info.
| Contact Data |
|---|
| RCC Monetary Assist Workplace |
| 707-527-4211 |
| financialaid@rcc.edu |
Compensation of RCC Monetary Assist
When to Start Compensation
When you graduate, withdraw, or drop under half-time enrollment, you might have a six-month grace interval earlier than you will need to start repaying your federal pupil loans. For personal loans, the reimbursement interval begins instantly after disbursement.
Mortgage Servicer
Your mortgage servicer is the corporate that manages your mortgage and collects your funds. They’ll ship you a billing assertion every month and give you details about your mortgage standing.
Fee Choices
You may have a number of cost choices accessible to you, together with:
* Customary reimbursement: That is the most typical reimbursement plan, and it entails making mounted month-to-month funds over a interval of 10 years.
* Graduated reimbursement: This plan begins with decrease month-to-month funds that regularly improve over time.
* Prolonged reimbursement: This plan is accessible to debtors who can not afford the usual or graduated reimbursement plans. It means that you can make decrease month-to-month funds over a interval of as much as 25 years.
* Earnings-driven reimbursement plans: These plans are primarily based in your earnings and household measurement. They mean you can make month-to-month funds which can be inexpensive for you.
Mortgage Consolidation
Mortgage consolidation means that you can mix a number of federal pupil loans right into a single mortgage with a single month-to-month cost. This could simplify your reimbursement course of and should decrease your rate of interest.
Default
In case you fail to make your mortgage funds on time, chances are you’ll default in your mortgage. Default has severe penalties, together with harm to your credit score rating, authorized motion, and garnishment of your wages.
Desk: RCC Monetary Assist Compensation Choices
| Compensation Possibility | Time period | Month-to-month Fee |
|—|—|—|
| Customary Compensation | 10 years | Mounted |
| Graduated Compensation | Varies | Begins low, will increase over time |
| Prolonged Compensation | As much as 25 years | Decrease than customary reimbursement |
| Earnings-Pushed Compensation Plans | Varies | Primarily based on earnings and household measurement |
| Mortgage Consolidation | N/A | Single month-to-month cost |
Fraudulent Use of RCC Monetary Assist
Fraudulently acquiring or utilizing monetary help is a severe offense with extreme penalties. It not solely deprives deserving college students of much-needed funds but in addition undermines the integrity of the monetary help system.
Frequent Types of Fraud
Some widespread types of monetary help fraud embrace:
- Submitting false or deceptive info on the FAFSA or different monetary help purposes
- Failing to report modifications in earnings or different circumstances that have an effect on eligibility
- Receiving monetary help for multiple establishment throughout the identical tutorial interval
- Utilizing monetary help for non-educational bills
- Forging or altering monetary help paperwork
Penalties of Fraud
Penalties for monetary help fraud might be substantial. College students who commit fraud could face:
- Compensation of all fraudulently obtained funds
- Suspension or expulsion from college
- Prison prosecution
- Injury to their credit standing
Defending Your self
College students can shield themselves from fraud by:
- Being trustworthy and correct when finishing monetary help purposes
- Reporting modifications in earnings or different circumstances that have an effect on eligibility
- Retaining monitor of all monetary help obtained
- Utilizing monetary help just for instructional bills
- By no means sharing monetary help info with anybody
Reporting Fraud
In case you suspect that somebody is committing monetary help fraud, you’ll be able to report it to the RCC Monetary Assist Workplace. You could stay nameless if desired.
Contacting the RCC Monetary Assist Workplace
In case you have questions or want help together with your monetary help at RCC, you’ll be able to contact the Monetary Assist Workplace in a number of methods.
By Cellphone
The Monetary Assist Workplace might be reached by telephone at (916) 484-8404.
By Electronic mail
You may electronic mail the Monetary Assist Workplace at financialaid@rcc.edu.
By Mail
You may ship mail to the Monetary Assist Workplace on the following deal with:
RCC Monetary Assist Workplace
4344 Marysville Boulevard
Sacramento, CA 95838
In Particular person
The Monetary Assist Workplace is positioned within the Scholar Providers Constructing on the primary RCC campus.
Workplace Hours
The Monetary Assist Workplace is open throughout the next hours:
| Day | Time |
|---|---|
| Monday | 8:00 AM – 4:30 PM |
| Tuesday | 8:00 AM – 4:30 PM |
| Wednesday | 8:00 AM – 4:30 PM |
| Thursday | 8:00 AM – 4:30 PM |
| Friday | 8:00 AM – 4:30 PM |
Further Assets for RCC Monetary Assist
Along with the data supplied above, listed below are some extra assets that could be useful for RCC monetary help recipients:
1. RCC Monetary Assist Workplace
The RCC Monetary Assist Workplace is positioned within the Scholar Providers Heart, Room 212. The workplace hours are Monday via Friday, 8:00 am to five:00 pm. The telephone quantity is (916) 484-8496. The e-mail deal with is financialaid@rcc.edu.
2. RCC Monetary Assist Web site
The RCC Monetary Assist web site gives a wealth of knowledge on monetary help packages, eligibility necessities, and the applying course of. The web site additionally features a hyperlink to the net monetary help software.
3. RCC Monetary Assist YouTube Channel
The RCC Monetary Assist YouTube Channel gives quite a lot of movies on monetary help subjects, comparable to how you can apply for monetary help, how you can handle your pupil loans, and how you can keep away from monetary help scams.
4. RCC Monetary Assist Twitter Account
The RCC Monetary Assist Twitter account gives updates on monetary help deadlines, occasions, and different essential info.
5. RCC Monetary Assist Fb Web page
The RCC Monetary Assist Fb web page gives a platform for college students to ask questions, share ideas, and join with different monetary help recipients.
6. RCC Monetary Assist Weblog
The RCC Monetary Assist weblog gives articles on quite a lot of monetary help subjects, comparable to how you can price range for school, how you can save for retirement, and how you can make investments your cash.
7. RCC Monetary Assist FAQ
The RCC Monetary Assist FAQ gives solutions to incessantly requested questions on monetary help.
8. RCC Monetary Assist Glossary
The RCC Monetary Assist Glossary gives definitions of generally used monetary help phrases.
9. RCC Monetary Assist Calendar
The RCC Monetary Assist Calendar gives a listing of essential monetary help deadlines and occasions.
10. RCC Monetary Assist Contact Data
The next desk gives a listing of RCC Monetary Assist contact info.
| Contact | Cellphone | Electronic mail |
|---|---|---|
| Monetary Assist Workplace | (916) 484-8496 | financialaid@rcc.edu |
| Monetary Assist Web site | www.rcc.edu/financialaid | N/A |
| Monetary Assist YouTube Channel | www.youtube.com/rccfinancialaid | N/A |
| Monetary Assist Twitter Account | @RCCFinancialAid | N/A |
| Monetary Assist Fb Web page | www.fb.com/RCCFinancialAid | N/A |
| Monetary Assist Weblog | www.rcc.edu/financialaid/weblog | N/A |
| Monetary Assist FAQ | www.rcc.edu/financialaid/faq | N/A |
| Monetary Assist Glossary | www.rcc.edu/financialaid/glossary | N/A |
| Monetary Assist Calendar | www.rcc.edu/financialaid/calendar | N/A |
RCC Monetary Assist Disbursement 2024-2025
Monetary help disbursement for the 2024-2025 tutorial 12 months at RCC will start on August 15, 2024. College students who’ve accomplished all mandatory monetary help necessities and have accepted their monetary help awards will obtain their funds on this date.
Funds shall be disbursed electronically to college students’ financial institution accounts. College students who haven’t supplied their checking account info to RCC will want to take action by August 1, 2024, so as to obtain their funds.
College students who’ve any questions on monetary help disbursement ought to contact the RCC Monetary Assist Workplace at (805) 756-2958.
Folks Additionally Ask About RCC Monetary Assist Disbursement 2024-2025
What’s the deadline to file the FAFSA for the 2024-2025 tutorial 12 months?
The deadline to file the FAFSA for the 2024-2025 tutorial 12 months is March 2, 2024.
How do I settle for my monetary help award?
You may settle for your monetary help award by logging into your RCC pupil portal and clicking on the “Monetary Assist” tab. Underneath the “Monetary Assist Awards” part, click on on the “Settle for/Decline” hyperlink subsequent to the award that you simply need to settle for.
What if I’ve not obtained my monetary help funds by August 15, 2024?
In case you have not obtained your monetary help funds by August 15, 2024, you need to contact the RCC Monetary Assist Workplace at (805) 756-2958.
