The RCC Financial Aid Office is excited to announce the disbursement of financial aid for the 2024-2025 academic year. This disbursement will provide much-needed financial assistance to students who are facing the rising costs of higher education. The funds will be disbursed in two installments, with the first installment being sent out in August 2024 and the second installment being sent out in January 2025. Students who are eligible for financial aid will be notified by the Financial Aid Office and will be provided with instructions on how to receive their funds.
The RCC Financial Aid Office is committed to helping students succeed in their academic endeavors. The disbursement of financial aid is just one of the many ways that the office provides support to students. The office also offers a variety of other services, such as financial counseling, scholarship assistance, and emergency loans. Students who are facing financial difficulties are encouraged to contact the Financial Aid Office to learn more about the resources that are available to them.
In addition to the disbursement of financial aid, the RCC Financial Aid Office also provides a variety of other services to students. These services include financial counseling, scholarship assistance, and emergency loans. Students who are facing financial difficulties are encouraged to contact the Financial Aid Office to learn more about the resources that are available to them. The office is committed to helping students succeed in their academic endeavors and is dedicated to providing them with the support they need to succeed.
RCC Financial Aid Disbursement Timeline
Understanding the RCC Financial Aid Disbursement Process
The disbursement of financial aid at RCC typically occurs in multiple stages, with each stage adhering to specific timelines and requirements. To ensure a smooth and timely receipt of financial aid funds, it is crucial for students to understand the disbursement process and meet all necessary deadlines.
RCC’s financial aid disbursement timeline is primarily determined by the following factors:
- The type of financial aid being received (e.g., loans, grants, scholarships)
- The timing of when the student meets all eligibility requirements
- The student’s enrollment status and course load
The following is a general overview of the RCC financial aid disbursement timeline for the 2024-2025 academic year:
| Date | Disbursement Action |
|---|---|
| July 1, 2024 | FAFSA opens for the 2024-2025 academic year |
| October 1, 2024 | Priority FAFSA filing deadline for California residents |
| February 15, 2025 | Final FAFSA filing deadline for the 2024-2025 academic year |
| April 1, 2025 | RCC begins notifying eligible students of their financial aid awards |
| June 1, 2025 | First financial aid disbursements for the fall 2025 semester |
| July 1, 2025 | First financial aid disbursements for the spring 2026 semester (if applicable) |
| September 1, 2025 | Last financial aid disbursements for the fall 2025 semester |
| December 1, 2025 | Last financial aid disbursements for the spring 2026 semester |
Eligibility Requirements for RCC Financial Aid
General Eligibility
To be eligible for RCC financial aid, you must:
- Be a U.S. citizen or eligible noncitizen
- Have a valid Social Security number
- Enroll in an eligible degree or certificate program
- Maintain satisfactory academic progress
- Not be in default on any federal student loans
Income and Asset Requirements
In addition to the general eligibility requirements, you may also need to meet certain income and asset requirements to qualify for some types of financial aid.
The table below shows the income and asset limits for the 2023-2024 academic year.
| Eligibility | Income Limit | Asset Limit |
|---|---|---|
| Grant Aid (Pell, Cal Grant) | $75,000 | $50,000 |
| Loan Aid (Subsidized, Unsubsidized) | $150,000 | $125,000 |
| Work-Study | $75,000 | $125,000 |
The income and asset limits are based on the Adjusted Gross Income (AGI) reported on your most recent federal income tax return. If you are filing as a dependent on your parents’ income tax return, their AGI will be used to determine your eligibility for aid.
Verification Process for RCC Financial Aid
Random and Targeted Selection
RCC selects students at random or based on specific criteria for verification. Students who are selected for verification will receive a notification in their RCC email and/or via mail.
Required Documents
Selected students must submit the following documents to complete the verification process:
- Completed Verification Worksheet
- Federal Income Tax Transcripts (for student and, if applicable, parents)
- Social Security Number Verification
- Verification of Untaxed Income
- Verification of Assets
- Additional documents may be required based on individual circumstances
Special Considerations
Students who are selected for verification may be subject to additional scrutiny of their financial aid application. RCC may request additional documentation, interview the student or their parents, or conduct a home visit to verify the accuracy of the financial information provided.
Providing false or misleading information during the verification process may result in the cancellation of financial aid and other penalties.
Timelines
The verification process can take several weeks to complete, and students are advised to submit their documents promptly. Students who fail to complete the verification process within the established deadlines may lose their financial aid eligibility.
How to Submit Documents
Students can submit their verification documents online or via mail to the RCC Financial Aid Office.
Online:
- Log in to your RCC student portal
- Click on the “Documents” link
- Follow the instructions to upload your documents
Mail:
Riverside City College Financial Aid Office
4800 Magnolia Avenue
Riverside, CA 92506
Please include your RCC student ID number on all submitted documents.
Student Responsibility for RCC Financial Aid
Before the financial aid funds are disbursed, students must meet all the eligibility requirements. Once the eligibility requirements are met, the financial aid is disbursed according to the following disbursement schedule.
Student Eligibility Requirements
Students must meet the following eligibility requirements to receive financial aid.
- Be enrolled at RCC in an eligible degree or certificate program.
- Be making satisfactory academic progress.
- Not be in default on any federal or state student loans.
- Not owe a refund on any federal or state grants.
- Have a valid Social Security Number.
- Be registered with Selective Service, if required.
Financial Aid Disbursement Schedule
Financial aid is disbursed according to the following schedule:
| Term | Disbursement Date |
|---|---|
| Fall 2024 | August 25, 2024 |
| Spring 2025 | January 15, 2025 |
Student Responsibilities
Students are responsible for:
- Completing the Free Application for Federal Student Aid (FAFSA) by the priority deadline.
- Submitting all required documentation to the RCC Financial Aid Office.
- Maintaining satisfactory academic progress.
- Notifying the RCC Financial Aid Office of any changes in their enrollment status, financial situation, or other circumstances that may affect their eligibility for financial aid.
- Repaying any financial aid funds that they received if they withdraw from RCC before completing the term for which the funds were disbursed. Repayment is not required if the student withdraws due to military service or other mitigating circumstances.
- Repaying any federal student loans that they received if they default on the loan.
Appeal Process for RCC Financial Aid
Eligibility
RCC follows the federal student financial aid appeal regulations. To be eligible to appeal, students must:
- Be enrolled in or accepted for enrollment at RCC.
- Have filed the Free Application for Federal Student Aid (FAFSA).
- Have completed all necessary financial aid forms.
- Have received a financial aid denial or adjustment.
Application Process
To appeal, students must submit a written appeal letter to the RCC Financial Aid Office. The letter should:
- Explain the basis for the appeal (e.g., error, change in financial circumstances).
- Provide supporting documentation (e.g., income tax returns, bank statements).
- Be dated and signed.
Review Process
The Financial Aid Office will review the appeal within 30 days of receipt. The reviewer will consider the student’s circumstances, financial need, and the availability of funds.
Notification
Students will be notified of the appeal decision in writing. The decision may be to grant the appeal, deny the appeal, or adjust the financial aid award.
Additional Information
Students may contact the RCC Financial Aid Office at (707) 527-4211 or by email at financialaid@rcc.edu for more information.
| Contact Information |
|---|
| RCC Financial Aid Office |
| 707-527-4211 |
| financialaid@rcc.edu |
Repayment of RCC Financial Aid
When to Begin Repayment
Once you graduate, withdraw, or drop below half-time enrollment, you have a six-month grace period before you must begin repaying your federal student loans. For private loans, the repayment period begins immediately after disbursement.
Loan Servicer
Your loan servicer is the company that manages your loan and collects your payments. They will send you a billing statement each month and provide you with information about your loan status.
Payment Options
You have several payment options available to you, including:
* Standard repayment: This is the most common repayment plan, and it involves making fixed monthly payments over a period of 10 years.
* Graduated repayment: This plan starts with lower monthly payments that gradually increase over time.
* Extended repayment: This plan is available to borrowers who cannot afford the standard or graduated repayment plans. It allows you to make lower monthly payments over a period of up to 25 years.
* Income-driven repayment plans: These plans are based on your income and family size. They allow you to make monthly payments that are affordable for you.
Loan Consolidation
Loan consolidation allows you to combine multiple federal student loans into a single loan with a single monthly payment. This can simplify your repayment process and may lower your interest rate.
Default
If you fail to make your loan payments on time, you may default on your loan. Default has serious consequences, including damage to your credit score, legal action, and garnishment of your wages.
Table: RCC Financial Aid Repayment Options
| Repayment Option | Term | Monthly Payment |
|—|—|—|
| Standard Repayment | 10 years | Fixed |
| Graduated Repayment | Varies | Starts low, increases over time |
| Extended Repayment | Up to 25 years | Lower than standard repayment |
| Income-Driven Repayment Plans | Varies | Based on income and family size |
| Loan Consolidation | N/A | Single monthly payment |
Fraudulent Use of RCC Financial Aid
Fraudulently obtaining or using financial aid is a serious offense with severe consequences. It not only deprives deserving students of much-needed funds but also undermines the integrity of the financial aid system.
Common Forms of Fraud
Some common forms of financial aid fraud include:
- Submitting false or misleading information on the FAFSA or other financial aid applications
- Failing to report changes in income or other circumstances that affect eligibility
- Receiving financial aid for more than one institution during the same academic period
- Using financial aid for non-educational expenses
- Forging or altering financial aid documents
Consequences of Fraud
Consequences for financial aid fraud can be substantial. Students who commit fraud may face:
- Repayment of all fraudulently obtained funds
- Suspension or expulsion from school
- Criminal prosecution
- Damage to their credit rating
Protecting Yourself
Students can protect themselves from fraud by:
- Being honest and accurate when completing financial aid applications
- Reporting changes in income or other circumstances that affect eligibility
- Keeping track of all financial aid received
- Using financial aid only for educational expenses
- Never sharing financial aid information with anyone
Reporting Fraud
If you suspect that someone is committing financial aid fraud, you can report it to the RCC Financial Aid Office. You may remain anonymous if desired.
Contacting the RCC Financial Aid Office
If you have questions or need assistance with your financial aid at RCC, you can contact the Financial Aid Office in several ways.
By Phone
The Financial Aid Office can be reached by phone at (916) 484-8404.
By Email
You can email the Financial Aid Office at financialaid@rcc.edu.
By Mail
You can send mail to the Financial Aid Office at the following address:
RCC Financial Aid Office
4344 Marysville Boulevard
Sacramento, CA 95838
In Person
The Financial Aid Office is located in the Student Services Building on the main RCC campus.
Office Hours
The Financial Aid Office is open during the following 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 |
Additional Resources for RCC Financial Aid
In addition to the information provided above, here are some additional resources that may be helpful for RCC financial aid recipients:
1. RCC Financial Aid Office
The RCC Financial Aid Office is located in the Student Services Center, Room 212. The office hours are Monday through Friday, 8:00 am to 5:00 pm. The phone number is (916) 484-8496. The email address is financialaid@rcc.edu.
2. RCC Financial Aid Website
The RCC Financial Aid website provides a wealth of information on financial aid programs, eligibility requirements, and the application process. The website also includes a link to the online financial aid application.
3. RCC Financial Aid YouTube Channel
The RCC Financial Aid YouTube Channel provides a variety of videos on financial aid topics, such as how to apply for financial aid, how to manage your student loans, and how to avoid financial aid scams.
4. RCC Financial Aid Twitter Account
The RCC Financial Aid Twitter account provides updates on financial aid deadlines, events, and other important information.
5. RCC Financial Aid Facebook Page
The RCC Financial Aid Facebook page provides a platform for students to ask questions, share tips, and connect with other financial aid recipients.
6. RCC Financial Aid Blog
The RCC Financial Aid blog provides articles on a variety of financial aid topics, such as how to budget for college, how to save for retirement, and how to invest your money.
7. RCC Financial Aid FAQ
The RCC Financial Aid FAQ provides answers to frequently asked questions about financial aid.
8. RCC Financial Aid Glossary
The RCC Financial Aid Glossary provides definitions of commonly used financial aid terms.
9. RCC Financial Aid Calendar
The RCC Financial Aid Calendar provides a list of important financial aid deadlines and events.
10. RCC Financial Aid Contact Information
The following table provides a list of RCC Financial Aid contact information.
| Contact | Phone | |
|---|---|---|
| Financial Aid Office | (916) 484-8496 | financialaid@rcc.edu |
| Financial Aid Website | www.rcc.edu/financialaid | N/A |
| Financial Aid YouTube Channel | www.youtube.com/rccfinancialaid | N/A |
| Financial Aid Twitter Account | @RCCFinancialAid | N/A |
| Financial Aid Facebook Page | www.facebook.com/RCCFinancialAid | N/A |
| Financial Aid Blog | www.rcc.edu/financialaid/blog | N/A |
| Financial Aid FAQ | www.rcc.edu/financialaid/faq | N/A |
| Financial Aid Glossary | www.rcc.edu/financialaid/glossary | N/A |
| Financial Aid Calendar | www.rcc.edu/financialaid/calendar | N/A |
RCC Financial Aid Disbursement 2024-2025
Financial aid disbursement for the 2024-2025 academic year at RCC will begin on August 15, 2024. Students who have completed all necessary financial aid requirements and have accepted their financial aid awards will receive their funds on this date.
Funds will be disbursed electronically to students’ bank accounts. Students who have not provided their bank account information to RCC will need to do so by August 1, 2024, in order to receive their funds.
Students who have any questions about financial aid disbursement should contact the RCC Financial Aid Office at (805) 756-2958.
People Also Ask About RCC Financial Aid Disbursement 2024-2025
What is the deadline to file the FAFSA for the 2024-2025 academic year?
The deadline to file the FAFSA for the 2024-2025 academic year is March 2, 2024.
How do I accept my financial aid award?
You can accept your financial aid award by logging into your RCC student portal and clicking on the “Financial Aid” tab. Under the “Financial Aid Awards” section, click on the “Accept/Decline” link next to the award that you want to accept.
What if I have not received my financial aid funds by August 15, 2024?
If you have not received your financial aid funds by August 15, 2024, you should contact the RCC Financial Aid Office at (805) 756-2958.
