The RCC Monetary Support Workplace is worked up to announce the disbursement of monetary assist for the 2024-2025 tutorial yr. This disbursement will present much-needed monetary help to college students who’re dealing with the rising prices of upper training. 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 assist shall be notified by the Monetary Support Workplace and shall be supplied with directions on how you can obtain their funds.
The RCC Monetary Support Workplace is dedicated to serving to college students succeed of their tutorial endeavors. The disbursement of monetary assist is simply one of many many ways in which the workplace gives assist to college students. The workplace additionally affords 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 Support Workplace to study extra concerning the assets which might be accessible to them.
Along with the disbursement of monetary assist, the RCC Monetary Support 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 Support Workplace to study extra concerning the assets which might 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 Support Disbursement Timeline
Understanding the RCC Monetary Support Disbursement Course of
The disbursement of monetary assist 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 monetary assist funds, it’s essential for college kids to grasp the disbursement course of and meet all crucial deadlines.
RCC’s monetary assist disbursement timeline is primarily decided by the next components:
- The kind of monetary assist being acquired (e.g., loans, grants, scholarships)
- The timing of when the coed meets all eligibility necessities
- The scholar’s enrollment standing and course load
The next is a common overview of the RCC monetary assist disbursement timeline for the 2024-2025 tutorial yr:
| Date | Disbursement Motion |
|---|---|
| July 1, 2024 | FAFSA opens for the 2024-2025 tutorial yr |
| October 1, 2024 | Precedence FAFSA submitting deadline for California residents |
| February 15, 2025 | Last FAFSA submitting deadline for the 2024-2025 tutorial yr |
| April 1, 2025 | RCC begins notifying eligible college students of their monetary assist awards |
| June 1, 2025 | First monetary assist disbursements for the autumn 2025 semester |
| July 1, 2025 | First monetary assist disbursements for the spring 2026 semester (if relevant) |
| September 1, 2025 | Final monetary assist disbursements for the autumn 2025 semester |
| December 1, 2025 | Final monetary assist disbursements for the spring 2026 semester |
Eligibility Necessities for RCC Monetary Support
Basic Eligibility
To be eligible for RCC monetary assist, you have to:
- Be a U.S. citizen or eligible noncitizen
- Have a legitimate Social Safety quantity
- Enroll in an eligible diploma or certificates program
- Preserve passable tutorial progress
- Not be in default on any federal scholar loans
Revenue and Asset Necessities
Along with the final eligibility necessities, you may additionally want to fulfill sure revenue and asset necessities to qualify for some varieties of monetary assist.
The desk under reveals the revenue and asset limits for the 2023-2024 tutorial yr.
| Eligibility | Revenue Restrict | Asset Restrict |
|---|---|---|
| Grant Support (Pell, Cal Grant) | $75,000 | $50,000 |
| Mortgage Support (Backed, Unsubsidized) | $150,000 | $125,000 |
| Work-Research | $75,000 | $125,000 |
The revenue and asset limits are based mostly on the Adjusted Gross Revenue (AGI) reported in your most up-to-date federal revenue tax return. In case you are submitting as a dependent in your dad and mom’ revenue tax return, their AGI shall be used to find out your eligibility for assist.
Verification Course of for RCC Monetary Support
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 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, dad and mom)
- Social Safety Quantity Verification
- Verification of Untaxed Revenue
- Verification of Belongings
- Extra paperwork could also be required based mostly on particular person circumstances
Particular Concerns
College students who’re chosen for verification could also be topic to extra scrutiny of their monetary assist utility. RCC could request extra documentation, interview the coed or their dad and mom, or conduct a house go to to confirm the accuracy of the monetary info supplied.
Offering false or deceptive info throughout the verification course of could consequence within the cancellation of monetary assist 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 throughout the established deadlines could lose their monetary assist eligibility.
Methods to Submit Paperwork
College students can submit their verification paperwork on-line or by way of mail to the RCC Monetary Support Workplace.
On-line:
- Log in to your RCC scholar portal
- Click on on the “Paperwork” hyperlink
- Observe the directions to add your paperwork
Mail:
Riverside Metropolis School Monetary Support Workplace
4800 Magnolia Avenue
Riverside, CA 92506
Please embrace your RCC scholar ID quantity on all submitted paperwork.
Pupil Accountability for RCC Monetary Support
Earlier than the monetary assist funds are disbursed, college students should meet all of the eligibility necessities. As soon as the eligibility necessities are met, the monetary assist is disbursed based on the next disbursement schedule.
Pupil Eligibility Necessities
College students should meet the next eligibility necessities to obtain monetary assist.
- 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 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 Support Disbursement Schedule
Monetary assist is disbursed based on the next schedule:
| Time period | Disbursement Date |
|---|---|
| Fall 2024 | August 25, 2024 |
| Spring 2025 | January 15, 2025 |
Pupil Duties
College students are chargeable for:
- Finishing the Free Utility for Federal Pupil Support (FAFSA) by the precedence deadline.
- Submitting all required documentation to the RCC Monetary Support Workplace.
- Sustaining passable tutorial progress.
- Notifying the RCC Monetary Support 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 assist.
- Repaying any monetary assist funds that they acquired in the event that they withdraw from RCC earlier than finishing the time period for which the funds have been disbursed. Compensation will not be required if the coed withdraws because of navy service or different mitigating circumstances.
- Repaying any federal scholar loans that they acquired in the event that they default on the mortgage.
Enchantment Course of for RCC Monetary Support
Eligibility
RCC follows the federal scholar monetary assist attraction rules. To be eligible to attraction, college students should:
- Be enrolled in or accepted for enrollment at RCC.
- Have filed the Free Utility for Federal Pupil Support (FAFSA).
- Have accomplished all crucial monetary assist kinds.
- Have acquired a monetary assist denial or adjustment.
Utility Course of
To attraction, college students should submit a written attraction letter to the RCC Monetary Support 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.
Assessment Course of
The Monetary Support Workplace will overview the attraction inside 30 days of receipt. The reviewer will contemplate the coed’s circumstances, monetary want, and the supply of funds.
Notification
College students shall be notified of the attraction resolution in writing. The choice could also be to grant the attraction, deny the attraction, or alter the monetary assist award.
Extra Info
College students could contact the RCC Monetary Support Workplace at (707) 527-4211 or by electronic mail at financialaid@rcc.edu for extra info.
| Contact Info |
|---|
| RCC Monetary Support Workplace |
| 707-527-4211 |
| financialaid@rcc.edu |
Compensation of RCC Monetary Support
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 have 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 give you details about your mortgage standing.
Cost Choices
You could have a number of cost choices accessible to you, together with:
* Commonplace compensation: That is the most typical compensation plan, and it includes making fastened month-to-month funds over a interval of 10 years.
* Graduated compensation: This plan begins with decrease month-to-month funds that step by step improve over time.
* Prolonged compensation: This plan is on the market to debtors who can’t afford the usual or graduated compensation plans. It lets you make decrease month-to-month funds over a interval of as much as 25 years.
* Revenue-driven compensation plans: These plans are based mostly in your revenue and household measurement. They assist you to make month-to-month funds which might be reasonably priced for you.
Mortgage Consolidation
Mortgage consolidation lets you 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 will decrease your rate of interest.
Default
In case you fail to make your mortgage funds on time, it’s possible 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 Support 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 normal compensation |
| Revenue-Pushed Compensation Plans | Varies | Based mostly on revenue and household measurement |
| Mortgage Consolidation | N/A | Single month-to-month cost |
Fraudulent Use of RCC Monetary Support
Fraudulently acquiring or utilizing monetary assist 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 assist system.
Widespread Types of Fraud
Some frequent types of monetary assist fraud embrace:
- Submitting false or deceptive info on the FAFSA or different monetary assist purposes
- Failing to report modifications in revenue or different circumstances that have an effect on eligibility
- Receiving monetary assist for a couple of establishment throughout the identical tutorial interval
- Utilizing monetary assist for non-educational bills
- Forging or altering monetary assist paperwork
Penalties of Fraud
Penalties for monetary assist fraud could be substantial. College students who commit fraud could face:
- Compensation of all fraudulently obtained funds
- Suspension or expulsion from faculty
- Legal prosecution
- Harm to their credit standing
Defending Your self
College students can shield themselves from fraud by:
- Being sincere and correct when finishing monetary assist purposes
- Reporting modifications in revenue or different circumstances that have an effect on eligibility
- Holding observe of all monetary assist acquired
- Utilizing monetary assist just for academic bills
- By no means sharing monetary assist info with anybody
Reporting Fraud
In case you suspect that somebody is committing monetary assist fraud, you may report it to the RCC Monetary Support Workplace. You could stay nameless if desired.
Contacting the RCC Monetary Support Workplace
When you have questions or want help along with your monetary assist at RCC, you may contact the Monetary Support Workplace in a number of methods.
By Cellphone
The Monetary Support Workplace could be reached by cellphone at (916) 484-8404.
By E mail
You possibly can electronic mail the Monetary Support Workplace at financialaid@rcc.edu.
By Mail
You possibly can ship mail to the Monetary Support Workplace on the following handle:
RCC Monetary Support Workplace
4344 Marysville Boulevard
Sacramento, CA 95838
In Individual
The Monetary Support Workplace is positioned within the Pupil Providers Constructing on the principle RCC campus.
Workplace Hours
The Monetary Support 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 Support
Along with the data supplied above, listed below are some extra assets which may be useful for RCC monetary assist recipients:
1. RCC Monetary Support Workplace
The RCC Monetary Support Workplace is positioned within the Pupil Providers Heart, Room 212. The workplace hours are Monday by means of Friday, 8:00 am to five:00 pm. The cellphone quantity is (916) 484-8496. The e-mail handle is financialaid@rcc.edu.
2. RCC Monetary Support Web site
The RCC Monetary Support web site gives a wealth of knowledge on monetary assist packages, eligibility necessities, and the applying course of. The web site additionally features a hyperlink to the web monetary assist utility.
3. RCC Monetary Support YouTube Channel
The RCC Monetary Support YouTube Channel gives quite a lot of movies on monetary assist matters, comparable to how you can apply for monetary assist, how you can handle your scholar loans, and how you can keep away from monetary assist scams.
4. RCC Monetary Support Twitter Account
The RCC Monetary Support Twitter account gives updates on monetary assist deadlines, occasions, and different vital info.
5. RCC Monetary Support Fb Web page
The RCC Monetary Support Fb web page gives a platform for college kids to ask questions, share ideas, and join with different monetary assist recipients.
6. RCC Monetary Support Weblog
The RCC Monetary Support weblog gives articles on quite a lot of monetary assist matters, comparable to how you can finances for faculty, how you can save for retirement, and how you can make investments your cash.
7. RCC Monetary Support FAQ
The RCC Monetary Support FAQ gives solutions to incessantly requested questions on monetary assist.
8. RCC Monetary Support Glossary
The RCC Monetary Support Glossary gives definitions of generally used monetary assist phrases.
9. RCC Monetary Support Calendar
The RCC Monetary Support Calendar gives an inventory of vital monetary assist deadlines and occasions.
10. RCC Monetary Support Contact Info
The next desk gives an inventory of RCC Monetary Support contact info.
| Contact | Cellphone | E mail |
|---|---|---|
| Monetary Support Workplace | (916) 484-8496 | financialaid@rcc.edu |
| Monetary Support Web site | www.rcc.edu/financialaid | N/A |
| Monetary Support YouTube Channel | www.youtube.com/rccfinancialaid | N/A |
| Monetary Support Twitter Account | @RCCFinancialAid | N/A |
| Monetary Support Fb Web page | www.fb.com/RCCFinancialAid | N/A |
| Monetary Support Weblog | www.rcc.edu/financialaid/weblog | N/A |
| Monetary Support FAQ | www.rcc.edu/financialaid/faq | N/A |
| Monetary Support Glossary | www.rcc.edu/financialaid/glossary | N/A |
| Monetary Support Calendar | www.rcc.edu/financialaid/calendar | N/A |
RCC Monetary Support Disbursement 2024-2025
Monetary assist disbursement for the 2024-2025 tutorial yr at RCC will start on August 15, 2024. College students who’ve accomplished all crucial monetary assist necessities and have accepted their monetary assist 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, with the intention to obtain their funds.
College students who’ve any questions on monetary assist disbursement ought to contact the RCC Monetary Support Workplace at (805) 756-2958.
Individuals Additionally Ask About RCC Monetary Support Disbursement 2024-2025
What’s the deadline to file the FAFSA for the 2024-2025 tutorial yr?
The deadline to file the FAFSA for the 2024-2025 tutorial yr is March 2, 2024.
How do I settle for my monetary assist award?
You possibly can settle for your monetary assist award by logging into your RCC scholar portal and clicking on the “Monetary Support” tab. Beneath the “Monetary Support Awards” part, click on on the “Settle for/Decline” hyperlink subsequent to the award that you just need to settle for.
What if I’ve not acquired my monetary assist funds by August 15, 2024?
When you have not acquired your monetary assist funds by August 15, 2024, you need to contact the RCC Monetary Support Workplace at (805) 756-2958.
