The RCC Monetary Help Workplace is happy to announce the disbursement of economic support for the 2024-2025 educational 12 months. This disbursement will present much-needed monetary help to college students who’re going through the rising prices of upper schooling. The funds will likely 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 support will likely be notified by the Monetary Help Workplace and will likely be supplied with directions on how one can obtain their funds.
The RCC Monetary Help Workplace is dedicated to serving to college students succeed of their educational endeavors. The disbursement of economic support is simply one of many many ways in which the workplace offers help to college students. The workplace additionally presents quite a lot of different companies, akin to monetary counseling, scholarship help, and emergency loans. College students who’re going through monetary difficulties are inspired to contact the Monetary Help Workplace to be taught extra in regards to the sources which can be accessible to them.
Along with the disbursement of economic support, the RCC Monetary Help Workplace additionally offers quite a lot of different companies to college students. These companies embrace monetary counseling, scholarship help, and emergency loans. College students who’re going through monetary difficulties are inspired to contact the Monetary Help Workplace to be taught extra in regards to the sources which can be accessible to them. The workplace is dedicated to serving to college students succeed of their educational endeavors and is devoted to offering them with the help they should succeed.
RCC Monetary Help Disbursement Timeline
Understanding the RCC Monetary Help Disbursement Course of
The disbursement of economic support 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 economic support funds, it’s essential for college kids to grasp the disbursement course of and meet all obligatory deadlines.
RCC’s monetary support disbursement timeline is primarily decided by the next elements:
- The kind of monetary support 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 basic overview of the RCC monetary support 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 support awards |
| June 1, 2025 | First monetary support disbursements for the autumn 2025 semester |
| July 1, 2025 | First monetary support disbursements for the spring 2026 semester (if relevant) |
| September 1, 2025 | Final monetary support disbursements for the autumn 2025 semester |
| December 1, 2025 | Final monetary support disbursements for the spring 2026 semester |
Eligibility Necessities for RCC Monetary Help
Basic Eligibility
To be eligible for RCC monetary support, you need to:
- Be a U.S. citizen or eligible noncitizen
- Have a sound Social Safety quantity
- Enroll in an eligible diploma or certificates program
- Preserve passable educational progress
- Not be in default on any federal scholar loans
Revenue and Asset Necessities
Along with the overall eligibility necessities, you might also want to satisfy sure revenue and asset necessities to qualify for some sorts of monetary support.
The desk under exhibits the revenue and asset limits for the 2023-2024 educational 12 months.
| Eligibility | Revenue Restrict | Asset Restrict |
|---|---|---|
| Grant Help (Pell, Cal Grant) | $75,000 | $50,000 |
| Mortgage Help (Sponsored, Unsubsidized) | $150,000 | $125,000 |
| Work-Research | $75,000 | $125,000 |
The revenue and asset limits are primarily based on the Adjusted Gross Revenue (AGI) reported in your most up-to-date federal revenue tax return. If you’re submitting as a dependent in your mother and father’ revenue tax return, their AGI will likely be used to find out your eligibility for support.
Verification Course of for RCC Monetary Help
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 e 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 Revenue Tax Transcripts (for scholar and, if relevant, mother and father)
- Social Safety Quantity Verification
- Verification of Untaxed Revenue
- Verification of Belongings
- 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 further scrutiny of their monetary support software. RCC might request further documentation, interview the scholar or their mother and father, or conduct a house go to to confirm the accuracy of the monetary data supplied.
Offering false or deceptive data throughout the verification course of might end result within the cancellation of economic support 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 support eligibility.
Methods to Submit Paperwork
College students can submit their verification paperwork on-line or by way of mail to the RCC Monetary Help 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 Help Workplace
4800 Magnolia Avenue
Riverside, CA 92506
Please embrace your RCC scholar ID quantity on all submitted paperwork.
Scholar Duty for RCC Monetary Help
Earlier than the monetary support funds are disbursed, college students should meet all of the eligibility necessities. As soon as the eligibility necessities are met, the monetary support is disbursed in accordance with the next disbursement schedule.
Scholar Eligibility Necessities
College students should meet the next eligibility necessities to obtain monetary support.
- 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 sound Social Safety Quantity.
- Be registered with Selective Service, if required.
Monetary Help Disbursement Schedule
Monetary support is disbursed in accordance with the next schedule:
| Time period | Disbursement Date |
|---|---|
| Fall 2024 | August 25, 2024 |
| Spring 2025 | January 15, 2025 |
Scholar Tasks
College students are chargeable for:
- Finishing the Free Software for Federal Scholar Help (FAFSA) by the precedence deadline.
- Submitting all required documentation to the RCC Monetary Help Workplace.
- Sustaining passable educational progress.
- Notifying the RCC Monetary Help 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 support.
- Repaying any monetary support 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 shouldn’t be required if the scholar withdraws as a consequence of army service or different mitigating circumstances.
- Repaying any federal scholar loans that they obtained in the event that they default on the mortgage.
Enchantment Course of for RCC Monetary Help
Eligibility
RCC follows the federal scholar monetary support 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 Help (FAFSA).
- Have accomplished all obligatory monetary support types.
- Have obtained a monetary support denial or adjustment.
Software Course of
To attraction, college students should submit a written attraction letter to the RCC Monetary Help Workplace. The letter ought to:
- Clarify the idea 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.
Evaluate Course of
The Monetary Help Workplace will overview the attraction inside 30 days of receipt. The reviewer will take into account the scholar’s circumstances, monetary want, and the provision of funds.
Notification
College students will likely be notified of the attraction resolution in writing. The choice could also be to grant the attraction, deny the attraction, or regulate the monetary support award.
Further Data
College students might contact the RCC Monetary Help Workplace at (707) 527-4211 or by e mail at financialaid@rcc.edu for extra data.
| Contact Data |
|---|
| RCC Monetary Help Workplace |
| 707-527-4211 |
| financialaid@rcc.edu |
Compensation of RCC Monetary Help
When to Start Compensation
When you graduate, withdraw, or drop under half-time enrollment, you’ve got a six-month grace interval earlier than you need to start repaying your federal scholar loans. For personal loans, the compensation 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 offer you details about your mortgage standing.
Cost Choices
You’ve got a number of cost choices accessible to you, together with:
* Commonplace compensation: That is the most typical compensation plan, and it entails making mounted month-to-month funds over a interval of 10 years.
* Graduated compensation: This plan begins with decrease month-to-month funds that regularly improve over time.
* Prolonged compensation: This plan is out there to debtors who can’t afford the usual or graduated compensation plans. It permits you to make decrease month-to-month funds over a interval of as much as 25 years.
* Revenue-driven compensation plans: These plans are primarily based in your revenue and household measurement. They will let you make month-to-month funds which can be inexpensive 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 may simplify your compensation course of and should decrease your rate of interest.
Default
If you happen to fail to make your mortgage funds on time, it’s possible you’ll 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 Help Compensation Choices
| Compensation Choice | Time period | Month-to-month Cost |
|—|—|—|
| Commonplace Compensation | 10 years | Mounted |
| Graduated Compensation | Varies | Begins low, will increase over time |
| Prolonged Compensation | As much as 25 years | Decrease than customary compensation |
| Revenue-Pushed Compensation Plans | Varies | Primarily based on revenue and household measurement |
| Mortgage Consolidation | N/A | Single month-to-month cost |
Fraudulent Use of RCC Monetary Help
Fraudulently acquiring or utilizing monetary support is a critical offense with extreme penalties. It not solely deprives deserving college students of much-needed funds but additionally undermines the integrity of the monetary support system.
Widespread Types of Fraud
Some widespread types of monetary support fraud embrace:
- Submitting false or deceptive data on the FAFSA or different monetary support purposes
- Failing to report modifications in revenue or different circumstances that have an effect on eligibility
- Receiving monetary support for a couple of establishment throughout the identical educational interval
- Utilizing monetary support for non-educational bills
- Forging or altering monetary support paperwork
Penalties of Fraud
Penalties for monetary support fraud will be substantial. College students who commit fraud might face:
- Compensation of all fraudulently obtained funds
- Suspension or expulsion from faculty
- Felony prosecution
- Injury to their credit standing
Defending Your self
College students can shield themselves from fraud by:
- Being sincere and correct when finishing monetary support purposes
- Reporting modifications in revenue or different circumstances that have an effect on eligibility
- Protecting monitor of all monetary support obtained
- Utilizing monetary support just for academic bills
- By no means sharing monetary support data with anybody
Reporting Fraud
If you happen to suspect that somebody is committing monetary support fraud, you’ll be able to report it to the RCC Monetary Help Workplace. You could stay nameless if desired.
Contacting the RCC Monetary Help Workplace
When you have questions or want help along with your monetary support at RCC, you’ll be able to contact the Monetary Help Workplace in a number of methods.
By Cellphone
The Monetary Help Workplace will be reached by telephone at (916) 484-8404.
By E mail
You’ll be able to e mail the Monetary Help Workplace at financialaid@rcc.edu.
By Mail
You’ll be able to ship mail to the Monetary Help Workplace on the following tackle:
RCC Monetary Help Workplace
4344 Marysville Boulevard
Sacramento, CA 95838
In Particular person
The Monetary Help Workplace is situated within the Scholar Providers Constructing on the primary RCC campus.
Workplace Hours
The Monetary Help 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 Sources for RCC Monetary Help
Along with the knowledge supplied above, listed below are some further sources that could be useful for RCC monetary support recipients:
1. RCC Monetary Help Workplace
The RCC Monetary Help Workplace is situated within the Scholar Providers Middle, Room 212. The workplace hours are Monday by way of Friday, 8:00 am to five:00 pm. The telephone quantity is (916) 484-8496. The e-mail tackle is financialaid@rcc.edu.
2. RCC Monetary Help Web site
The RCC Monetary Help web site offers a wealth of data on monetary support applications, eligibility necessities, and the applying course of. The web site additionally features a hyperlink to the net monetary support software.
3. RCC Monetary Help YouTube Channel
The RCC Monetary Help YouTube Channel offers quite a lot of movies on monetary support matters, akin to how one can apply for monetary support, how one can handle your scholar loans, and how one can keep away from monetary support scams.
4. RCC Monetary Help Twitter Account
The RCC Monetary Help Twitter account offers updates on monetary support deadlines, occasions, and different necessary data.
5. RCC Monetary Help Fb Web page
The RCC Monetary Help Fb web page offers a platform for college kids to ask questions, share suggestions, and join with different monetary support recipients.
6. RCC Monetary Help Weblog
The RCC Monetary Help weblog offers articles on quite a lot of monetary support matters, akin to how one can funds for faculty, how one can save for retirement, and how one can make investments your cash.
7. RCC Monetary Help FAQ
The RCC Monetary Help FAQ offers solutions to regularly requested questions on monetary support.
8. RCC Monetary Help Glossary
The RCC Monetary Help Glossary offers definitions of generally used monetary support phrases.
9. RCC Monetary Help Calendar
The RCC Monetary Help Calendar offers an inventory of necessary monetary support deadlines and occasions.
10. RCC Monetary Help Contact Data
The next desk offers an inventory of RCC Monetary Help contact data.
| Contact | Cellphone | E mail |
|---|---|---|
| Monetary Help Workplace | (916) 484-8496 | financialaid@rcc.edu |
| Monetary Help Web site | www.rcc.edu/financialaid | N/A |
| Monetary Help YouTube Channel | www.youtube.com/rccfinancialaid | N/A |
| Monetary Help Twitter Account | @RCCFinancialAid | N/A |
| Monetary Help Fb Web page | www.fb.com/RCCFinancialAid | N/A |
| Monetary Help Weblog | www.rcc.edu/financialaid/weblog | N/A |
| Monetary Help FAQ | www.rcc.edu/financialaid/faq | N/A |
| Monetary Help Glossary | www.rcc.edu/financialaid/glossary | N/A |
| Monetary Help Calendar | www.rcc.edu/financialaid/calendar | N/A |
RCC Monetary Help Disbursement 2024-2025
Monetary support disbursement for the 2024-2025 educational 12 months at RCC will start on August 15, 2024. College students who’ve accomplished all obligatory monetary support necessities and have accepted their monetary support awards will obtain their funds on this date.
Funds will likely 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, with the intention to obtain their funds.
College students who’ve any questions on monetary support disbursement ought to contact the RCC Monetary Help Workplace at (805) 756-2958.
Individuals Additionally Ask About RCC Monetary Help 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 support award?
You’ll be able to settle for your monetary support award by logging into your RCC scholar portal and clicking on the “Monetary Help” tab. Beneath the “Monetary Help 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 support funds by August 15, 2024?
When you have not obtained your monetary support funds by August 15, 2024, it’s best to contact the RCC Monetary Help Workplace at (805) 756-2958.
