Presentation on theme: "Info-Session Welcome to the Financial Aid Info-Session at Cosumnes River College. By watching this video you will gain a greater understanding of the financial."— Presentation transcript:
1 Info-SessionWelcome to the Financial Aid Info-Session at Cosumnes River College. By watching this video you will gain a greater understanding of the financial aid policies, procedures, and timelines.S T A R TExit
2 Financial Aid Timeline File FAFSA OnlineElectronic File is downloaded for processingor Letter is sent to you; additional documents are requested if applicableClick HereFile review and award process takes at least 6-8 weeks from the date you submit the required documentsPossible delays: If we need clarification or if file is later selected for verificationAward Notification letter sent when file has been completed
3 Your College Connection Return iMailiMportant facts about iMailLos Rios Community College District provides its students with an service called iMail.Financial Aid will be contacting you through this (iMail).Set up your iMail account at: https://imail.losrios.edu/
4 Check Financial Aid Status There are three ways to check on your financial aid status:Visiting our Financial Aid Office.Visit the eServices Lab in Library 106C (L106C).Check Status On-Line.GoGoGo
5 1. Visiting our Financial Aid Office Location: Library 107 (L107)Time: Monday – Thursday,10:00 am – 6:00 pmFriday,(e-Services Lab)Return For current hours visit:NOTE: Bring all your documents and all the necessary copies. Our office doesn’t make copies
6 3. Check Financial Aid Status On-line Return Have the following available:Your CRC student ID #Your (financial aid) PIN # *(Obtain your financial aid PIN # on-line by clicking “Forgot your PIN?” Or “First Time User” underneath the Submit Button )Note: *This pin # is different from your FAFSA.See ExampleSelect “Support Services”, then “Financial Aid”; then click: “Your File Status”
7 To obtain your PIN# click one them and follow the instructions. Return Your 7 digit ID without WIt can be numbers, words, or bothTo obtain your PIN# click one them and follow the instructions.NOTE: If your first option doesn’t work try the other one.
8 High School Requirement If you do not have:High school diplomaGED orCompleted 6 degree applicable units with a “C” or betterYou may take the Ability to Benefit Test at our Assessment Center (916)Once you have passed the ATB test, the Assessment Center will notify the Financial Aid Office.
9 Submit Official Transcripts to the CRC- Admissions & Records Office for all other colleges attended including:Skills CenterBeauty SchoolsBusiness SchoolsVocational Technical SchoolsNote: Transcripts must be submitted whether or not units were completed.
10 Eligible Educational Goal As easy as It is as A, B, C, D, & EYou must declare an eligible Educational Goal with the Admissions Office.ATransfer to 4-Year after AA/ASBTransfer to 4-Year w/o AA/ASCEarn AA/AS Degree w/o TransferDEarn A Voc Degree w/o TransferEEarn A Vocational CertificateReturn to:Info-Session HomeDeclare an eligible Educational Goal with the Admissions Office.Undecided Educational Goal are not eligible for financial aid.
11 Matching Info Admission Office records Driver’s License/ID SS Card Your name, date of birth, and social security number must match on all documents.Admission Office recordsDriver’s License/IDSS CardDHS (INS) Cards/Papers
12 Current Mailing Address Keep a current mailing and address at all time with the Admissions Office and the Financial Aid OfficeAny mailing or address discrepancy needs to be correctedActivate your iMail account
13 Financial Aid Academic Status Satisfactory Academic Progress (SAP) is:maintaining a minimum GPA of 2.0completing 75% of units enrolledhave not completed a degree, certificate, or attempted over 72+ units.Depending on your academic performance, you will fall into one of three Academic standings:Good Standing: Maintaining SAP.Probation: Failure to maintain SAP for one semester. You are still eligible for aid during probation status.Dismissed: Not maintaining SAP for two or more semesters. You are not eligible to receive financial aid.
14 Satisfactory Academic Progress (SAP) Good SAPProgress %25% or LessGPA 2.0Progress Percentage: W,I, F, NP must be 25% or less of total units attemptedMinimum of 2.0 Grade Point Average (GPA)Time Period, Unit Total, Degree/Certificate earnedClick HereFor details
15 Financial Aid Satisfactory Academic Progress Policy 1. Maintain Progress - Complete at least 75% of units enrolled :ReturnProgress Percentage Calculation(Total Units With “W”, “I”, “F” and “NP”) (Total Units Attempted)100Must Be 25% or less2. Maintain Minimum of 2.0 Grade Point Average (GPA) = Grade “C” or Better :Grade Point Average Calculation(Total Grade Point Earned)(Total Units Attempted With a Letter Grade)Must Be 2.00 or Better3. Maximum Time Period or Unit Total toward program completion :Completion of degree, certificate program or 150% of program length, whichever occurs first (Students with 72 units or more attempted are required to Appeal with outline of course requirements (SEP) needed for graduation/transfer from a CRC counselor.)
16 Dismissed AppealIf you are dismissed, you must submit an appeal in order to be considered for aid.When completing a dismissal appeal, explain the following:why you failed to maintain SAP(If applicable attach documents to support your statement)what actions you have taken to improve your grades/GPA to prevent dismissal again.
17 Appeal: 72+ units Attempted or Degree/Certificate Earned If you have completed a degree, certificate, or attempted over 72+ units you are required to meet with a counselor and complete an Academic Plan Acknowledgement (APA).Only the required units approved by an academic counselor and needed for your program of study will be considered for funding.When completing the appeal, explain your educational goal, Major/Program of study, expected graduation date from CRC and the school you will be transferring to.If you have a degree or certificate, address why you are pursuing another degree.If you have a Bachelors degree or higher degree, you are only eligible for loans and federal work study.
18 Verification Selection Files may be selected for verification at any timeU.S. Department of Education selects files as verificationCRC Financial Aid Office may select a file for verificationRepay over awarded or ineligible portion that occur as result of the verification processAll Financial Aid documents must be authentic
19 Financial Aid Only at One Institution You cannot receive financial aid from two or more schools during the same time/period.If you have listed multiple schools on your FAFSA, you will want to make sure to contact the schools you will not be attending and close your file with them to prevent funds from being claimed for you.If you are somehow paid at multiple schools you will be billed any/all unpaid balance and your name will be forwarded to the US Department of Education or a State Agency for collection.
20 Federal Pell Grant Limits First time Pell Grant recipients for school year are limited to 18 (fulltime) semesters of Pell Grant eligibility.Plan your program of study accordingly to enable successful completion of 4-year program within this time frame.
21 Cal GrantsThe Cal Grant is a state grant that students may be eligible for in addition to the Federal Pell grant.Students must complete their FAFSA and submit the GPA verification form to the California Student Aid Commission. There are 2 deadlines for applying for the Cal Grant; March 2nd and September 2nd . For more information about Cal Grants go to:If you are awarded a Cal Grant, our office will download your name from a Cal Grant roster from CA Student Aid.We will verify your eligibility and award Cal Grant when your financial aid file is completed.
22 Federal Work Study (FWS) Federal Work Study is a program that allows you to work on campus, gain experience and get paid for it.You can complete a request at the Financial Aid office after you have received your award notice.FWS is awarded on first come first serve basis until funds run out.You must also meet the following requirements:Be Federally eligibleBe enrolled at least half-time in an eligible program at CRCBe making satisfactory academic progress (SAP)Have remaining unmet financial need above and beyond grant eligibilityNote: FWS students should obtain a copy of the FWS student handbook which is available online.
23 Federal Student Loan A federal student loan is financial aid that must be repaid.Federal Direct Student Loans will be considered only after the FAFSA applications has been processed and grant eligibility has been determined.You must be in at least 6 approved units to received student loans.To apply for a Direct Student Loan, see our CRC Financial Aid website for Steps to Apply for a Loan.
24 Former Foster Youth Students who are under 24 years old and were former foster youth may inquire at the financial aid office about additional grants and other opportunities on campus.For more information go to CRC’s Website for Foster Youth Services.
25 Board of Governors Fee Wavier (BOG Fee Waiver)BOG Fee Waiver – waive enrollment fee charges for the entire academic year (Summer, Fall, and Spring).BOG and FAFSA applications are available online or at the financial aid office.Online applications:Click HereFor BOG Facts
26 Important BOG FactsReturn BOG Fee Waiver must be completed every year during registration for the following Summer and/ or Fall terms.BOG Fee Waivers are for California residents only.There are three ways to qualify for the BOG. Click the link to learn more about them:If you have paid your enrollment fees and now qualify for a BOG, you must complete a Fee Refund Application with the Business Office or apply for a refund through your eServices account before the last day of instruction for the semester in which you are requesting a refund.
27 Disbursement Process File FAFSA Online LRCCD OneCard is requested after your documents are submittedReceive LRCCD OneCard in 7-10 business daysGo to LRCCDonecard.com to select how you want to receive your financial aidChoose from three options:Open an OneAccountDirect Deposit to your checking accountPaper CheckCollege disburse funds to Higher OneHigher One disburse funds to you
28 Awards ENROLLMENT STATUS: Full-time status (FullX) = more unitsThree -quarter time status (3/4X) = — unitsHalf-time status (1/2X) = — unitsLess than half-time status (<1/2X) = — unitsExample: Award Proration based on enrollment status for a semester.ENROLLMENTSTATUSAWARDFOR SEMESTER1-STPAYMENT2-NDFULL - X$$$ 5003/ X$$ 2501/ X$$
29 Award Recalculation On the scheduled Recalculation Date for each term, your financial aid eligibility will be re-determined based on units you are enrolled as of that date. If you have reduced your enrollment, your award will be recalculated to determine what percentage you must pay back to the financial aid program(s). Award increases will likewise be calculated for enrollment increases, if applicable.Recalculation Dates for each term are posted on the CRC-Financial Aid Webpage.Click HereFor Example
30 Award Recalculation (Example) Return Example: You received a 1/2X award and you dropped below 6 units as of the Recalculation Date. You will be required to repay an amount based on the following calculation:Pell Grant (1/2X award received) $Pell Grant (less than 1/2X)Repayment to Pell Grant $
31 Non-Passing GradesCompleting the semester with only “F”, “W” and “NC” grades will be evaluated. You may be billed for the unearned portion of financial aid received.
32 Consortium Request Form If you are taking classes at another Los Rios Community College you can complete a Consortium request form. This allows you to be funded for courses you are taking at another LRCCD college. Here are the requirements:The classes must be required for your educational program of study at CRC.The request form must be certified and signed by a CRC academic counselor.
33 Info Session Confirmation Instructions for Info Session Confirmation:Provide the date you completed the Info-Session. Make sure to use the mm/dd/yyyy format when posting the date.Click the Submit Button.Note: By submitting an Info Session date, you agree to follow the CRC-Financial Aid polices, procedures, and timelines as. You also acknowledge and understand your responsibilities as a CRC-Financial Aid student.
34 Thank you for your cooperation! CRC-Financial Aid Staff Exit