The RCC Monetary Assist Workplace is happy to announce the disbursement of monetary help for the 2024-2025 educational 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 will probably 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 will probably be notified by the Monetary Assist Workplace and will probably be supplied with directions on obtain their funds.
The RCC Monetary Assist Workplace is dedicated to serving to college students succeed of their educational endeavors. The disbursement of monetary help is simply one of many many ways in which the workplace gives assist to college students. The workplace additionally affords a wide range of different companies, 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 sources which might be obtainable to them.
Along with the disbursement of monetary help, the RCC Monetary Assist Workplace additionally gives a wide range of different companies to college students. These companies 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 sources which might be obtainable to them. The workplace is dedicated to serving to college students succeed of their educational 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 monetary help at RCC usually happens in a number of levels, with every stage adhering to particular timelines and necessities. To make sure a clean and well timed receipt of monetary help funds, it’s essential for college kids to grasp the disbursement course of and meet all mandatory deadlines.
RCC’s monetary help disbursement timeline is primarily decided by the next elements:
- The kind of monetary help being obtained (e.g., loans, grants, scholarships)
- The timing of when the scholar meets all eligibility necessities
- The scholar’s enrollment standing and course load
The next is a normal overview of the RCC monetary help disbursement timeline for the 2024-2025 educational 12 months:
| Date | Disbursement Motion |
|---|---|
| July 1, 2024 | FAFSA opens for the 2024-2025 educational 12 months |
| October 1, 2024 | Precedence FAFSA submitting deadline for California residents |
| February 15, 2025 | Remaining FAFSA submitting deadline for the 2024-2025 educational 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 educational progress
- Not be in default on any federal scholar loans
Earnings and Asset Necessities
Along with the final eligibility necessities, you might also want to satisfy sure revenue and asset necessities to qualify for some sorts of monetary help.
The desk beneath exhibits the revenue and asset limits for the 2023-2024 educational 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-Examine | $75,000 | $125,000 |
The revenue and asset limits are based mostly on the Adjusted Gross Earnings (AGI) reported in your most up-to-date federal revenue tax return. If you’re submitting as a dependent in your dad and mom’ revenue tax return, their AGI will probably 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 based mostly on particular standards for verification. College students who’re chosen for verification will obtain a notification of their RCC electronic mail and/or through 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 scholar and, if relevant, dad and mom)
- Social Safety Quantity Verification
- Verification of Untaxed Earnings
- Verification of Property
- Extra paperwork could also be required based mostly on particular person circumstances
Particular Issues
College students who’re chosen for verification could also be topic to extra scrutiny of their monetary help utility. RCC might request extra documentation, interview the scholar or their dad and mom, or conduct a house go to to confirm the accuracy of the monetary data supplied.
Offering false or deceptive data through the verification course of might outcome within the cancellation of monetary 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 might lose their monetary help eligibility.
How you can Submit Paperwork
College students can submit their verification paperwork on-line or through mail to the RCC Monetary Assist Workplace.
On-line:
- Log in to your RCC scholar portal
- Click on on the “Paperwork” hyperlink
- Comply with the directions to add your paperwork
Mail:
Riverside Metropolis School Monetary Assist Workplace
4800 Magnolia Avenue
Riverside, CA 92506
Please embrace your RCC scholar ID quantity on all submitted paperwork.
Scholar Duty 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 based on 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 educational progress.
- Not be in default on any federal or state scholar 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 based on the next schedule:
| Time period | Disbursement Date |
|---|---|
| Fall 2024 | August 25, 2024 |
| Spring 2025 | January 15, 2025 |
Scholar Tasks
College students are liable 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 educational progress.
- Notifying the RCC Monetary Assist Workplace of any modifications of their enrollment standing, monetary state of affairs, or different circumstances which 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 have been disbursed. Compensation shouldn’t be required if the scholar withdraws as a result of army service or different mitigating circumstances.
- Repaying any federal scholar loans that they obtained in the event that they default on the mortgage.
Attraction Course of for RCC Monetary Assist
Eligibility
RCC follows the federal scholar monetary help attraction rules. 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 varieties.
- 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 premise for the attraction (e.g., error, change in monetary circumstances).
- Present supporting documentation (e.g., revenue tax returns, financial institution statements).
- Be dated and signed.
Overview Course of
The Monetary Assist Workplace will assessment the attraction inside 30 days of receipt. The reviewer will think about the scholar’s circumstances, monetary want, and the supply of funds.
Notification
College students will probably be notified of the attraction choice in writing. The choice could also be to grant the attraction, deny the attraction, or modify the monetary help award.
Extra Data
College students might contact the RCC Monetary Assist Workplace at (707) 527-4211 or by electronic mail at financialaid@rcc.edu for extra data.
| 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 beneath half-time enrollment, you’ve gotten a six-month grace interval earlier than you will need to start repaying your federal scholar 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 are going to ship you a billing assertion every month and offer you details about your mortgage standing.
Fee Choices
You may have a number of cost choices obtainable to you, together with:
* Commonplace reimbursement: That is the commonest 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 steadily enhance over time.
* Prolonged reimbursement: This plan is offered to debtors who can not afford the usual or graduated reimbursement plans. It permits you to make decrease month-to-month funds over a interval of as much as 25 years.
* Earnings-driven reimbursement plans: These plans are based mostly in your revenue and household dimension. They let you make month-to-month funds which might be reasonably priced for you.
Mortgage Consolidation
Mortgage consolidation permits you to mix a number of federal scholar 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
If you happen to fail to make your mortgage funds on time, you could default in your mortgage. Default has critical 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 |
|—|—|—|
| Commonplace Compensation | 10 years | Mounted |
| Graduated Compensation | Varies | Begins low, will increase over time |
| Prolonged Compensation | As much as 25 years | Decrease than commonplace reimbursement |
| Earnings-Pushed Compensation Plans | Varies | Primarily based on revenue and household dimension |
| Mortgage Consolidation | N/A | Single month-to-month cost |
Fraudulent Use of RCC Monetary Assist
Fraudulently acquiring or utilizing monetary help is a critical 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 data on the FAFSA or different monetary help purposes
- Failing to report modifications in revenue or different circumstances that have an effect on eligibility
- Receiving monetary help for multiple establishment throughout the identical educational interval
- Utilizing monetary help for non-educational bills
- Forging or altering monetary help paperwork
Penalties of Fraud
Penalties for monetary help fraud will be substantial. College students who commit fraud might face:
- Compensation of all fraudulently obtained funds
- Suspension or expulsion from college
- Felony prosecution
- Harm to their credit standing
Defending Your self
College students can defend themselves from fraud by:
- Being sincere and correct when finishing monetary help purposes
- Reporting modifications in revenue or different circumstances that have an effect on eligibility
- Conserving observe of all monetary help obtained
- Utilizing monetary help just for academic bills
- By no means sharing monetary help data with anybody
Reporting Fraud
If you happen to suspect that somebody is committing monetary help fraud, you may report it to the RCC Monetary Assist Workplace. Chances are you’ll stay nameless if desired.
Contacting the RCC Monetary Assist Workplace
When you have questions or want help along with your monetary help at RCC, you may contact the Monetary Assist Workplace in a number of methods.
By Cellphone
The Monetary Assist Workplace will be reached by cellphone at (916) 484-8404.
By Electronic mail
You’ll be able to electronic mail the Monetary Assist Workplace at financialaid@rcc.edu.
By Mail
You’ll be able to 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 |
Extra Sources for RCC Monetary Assist
Along with the knowledge supplied above, listed here are some extra sources which may 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 cellphone 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 data on monetary help packages, eligibility necessities, and the applying course of. The web site additionally features a hyperlink to the web monetary help utility.
3. RCC Monetary Assist YouTube Channel
The RCC Monetary Assist YouTube Channel gives a wide range of movies on monetary help subjects, comparable to apply for monetary help, handle your scholar loans, and 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 data.
5. RCC Monetary Assist Fb Web page
The RCC Monetary Assist Fb web page gives a platform for college kids to ask questions, share suggestions, and join with different monetary help recipients.
6. RCC Monetary Assist Weblog
The RCC Monetary Assist weblog gives articles on a wide range of monetary help subjects, comparable to price range for faculty, save for retirement, and make investments your cash.
7. RCC Monetary Assist FAQ
The RCC Monetary Assist FAQ gives solutions to regularly 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 an inventory of essential monetary help deadlines and occasions.
10. RCC Monetary Assist Contact Data
The next desk gives an inventory of RCC Monetary Assist contact data.
| 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 educational 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 will probably be disbursed electronically to college students’ financial institution accounts. College students who haven’t supplied their checking account data to RCC will want to take action by August 1, 2024, as a way 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.
Individuals Additionally Ask About RCC Monetary Assist Disbursement 2024-2025
What’s the deadline to file the FAFSA for the 2024-2025 educational 12 months?
The deadline to file the FAFSA for the 2024-2025 educational 12 months is March 2, 2024.
How do I settle for my monetary help award?
You’ll be able to settle for your monetary help award by logging into your RCC scholar portal and clicking on the “Monetary Assist” tab. Beneath 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?
When you have not obtained your monetary help funds by August 15, 2024, it is best to contact the RCC Monetary Assist Workplace at (805) 756-2958.
