The RCC Monetary Assist Workplace is happy to announce the disbursement of monetary help for the 2024-2025 tutorial 12 months. This disbursement will present much-needed monetary help to college students who’re dealing with the rising prices of upper training. 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 help will likely be notified by the Monetary Assist Workplace and will likely be supplied with directions on the right way to obtain their funds.
The RCC Monetary Assist Workplace is dedicated to serving to college students succeed of their tutorial endeavors. The disbursement of monetary help is simply one of many many ways in which the workplace offers assist to college students. The workplace additionally gives quite a lot of different companies, akin 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 be taught extra in regards to the assets which can be accessible to them.
Along with the disbursement of monetary help, the RCC Monetary Assist 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 dealing with monetary difficulties are inspired to contact the Monetary Assist Workplace to be taught extra in regards to the assets which can 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 Assist Disbursement Timeline
Understanding the RCC Monetary Assist Disbursement Course of
The disbursement of monetary help at RCC sometimes 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 help funds, it’s essential for college kids to grasp the disbursement course of and meet all obligatory deadlines.
RCC’s monetary help disbursement timeline is primarily decided by the next components:
- The kind of monetary help being obtained (e.g., loans, grants, scholarships)
- The timing of when the coed meets all eligibility necessities
- The coed’s enrollment standing and course load
The next is a normal overview of the RCC monetary help disbursement timeline for the 2024-2025 tutorial 12 months:
| Date | Disbursement Motion |
|---|---|
| July 1, 2024 | FAFSA opens for the 2024-2025 tutorial 12 months |
| October 1, 2024 | Precedence FAFSA submitting deadline for California residents |
| February 15, 2025 | Last FAFSA submitting deadline for the 2024-2025 tutorial 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
Basic Eligibility
To be eligible for RCC monetary help, it’s essential 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 tutorial progress
- Not be in default on any federal pupil loans
Revenue and Asset Necessities
Along with the overall eligibility necessities, you may additionally want to satisfy sure earnings and asset necessities to qualify for some kinds of monetary help.
The desk beneath reveals the earnings and asset limits for the 2023-2024 tutorial 12 months.
| Eligibility | Revenue Restrict | Asset Restrict |
|---|---|---|
| Grant Assist (Pell, Cal Grant) | $75,000 | $50,000 |
| Mortgage Assist (Backed, Unsubsidized) | $150,000 | $125,000 |
| Work-Examine | $75,000 | $125,000 |
The earnings and asset limits are based mostly on the Adjusted Gross Revenue (AGI) reported in your most up-to-date federal earnings tax return. In case you are submitting as a dependent in your mother and father’ earnings tax return, their AGI will likely 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 e 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 Revenue Tax Transcripts (for pupil and, if relevant, mother and father)
- Social Safety Quantity Verification
- Verification of Untaxed Revenue
- Verification of Property
- Further 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 software. RCC might request extra documentation, interview the coed or their mother and father, or conduct a house go to to confirm the accuracy of the monetary info supplied.
Offering false or deceptive info in the course of the verification course of might end result 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.
Easy methods to 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 pupil portal
- Click on on the “Paperwork” hyperlink
- Comply with the directions to add your paperwork
Mail:
Riverside Metropolis Faculty Monetary Assist Workplace
4800 Magnolia Avenue
Riverside, CA 92506
Please embrace your RCC pupil ID quantity on all submitted paperwork.
Pupil Accountability 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 in keeping with the next disbursement schedule.
Pupil 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 tutorial progress.
- Not be in default on any federal or state pupil 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 in keeping with the next schedule:
| Time period | Disbursement Date |
|---|---|
| Fall 2024 | August 25, 2024 |
| Spring 2025 | January 15, 2025 |
Pupil Duties
College students are liable for:
- Finishing the Free Utility for Federal Pupil Assist (FAFSA) by the precedence deadline.
- Submitting all required documentation to the RCC Monetary Assist Workplace.
- Sustaining passable tutorial progress.
- Notifying the RCC Monetary Assist Workplace of any adjustments of their enrollment standing, monetary scenario, or different circumstances that 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 had been disbursed. Compensation just isn’t required if the coed withdraws on account of army service or different mitigating circumstances.
- Repaying any federal pupil 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 pupil 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 Utility for Federal Pupil Assist (FAFSA).
- Have accomplished all obligatory monetary help types.
- Have obtained a monetary help denial or adjustment.
Utility Course of
To attraction, college students should submit a written attraction letter to the RCC Monetary Assist Workplace. The letter ought to:
- Clarify the idea for the attraction (e.g., error, change in monetary circumstances).
- Present supporting documentation (e.g., earnings tax returns, financial institution statements).
- Be dated and signed.
Evaluation Course of
The Monetary Assist 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 will likely be notified of the attraction resolution in writing. The choice could also be to grant the attraction, deny the attraction, or alter the monetary help award.
Further Data
College students might contact the RCC Monetary Assist Workplace at (707) 527-4211 or by e mail at financialaid@rcc.edu for extra info.
| 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 got a six-month grace interval earlier than it’s essential to start repaying your federal pupil 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’ll ship you a billing assertion every month and give you details about your mortgage standing.
Fee Choices
You could have a number of cost choices accessible to you, together with:
* Commonplace reimbursement: That is the commonest reimbursement plan, and it includes 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 improve over time.
* Prolonged reimbursement: This plan is accessible to debtors who can’t 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.
* Revenue-driven reimbursement plans: These plans are based mostly in your earnings and household measurement. They permit you to make month-to-month funds which can be reasonably priced for you.
Mortgage Consolidation
Mortgage consolidation permits you to mix a number of federal pupil loans right into a single mortgage with a single month-to-month cost. This may 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 severe penalties, together with injury 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 | Fastened |
| Graduated Compensation | Varies | Begins low, will increase over time |
| Prolonged Compensation | As much as 25 years | Decrease than normal reimbursement |
| Revenue-Pushed Compensation Plans | Varies | Primarily based on earnings and household measurement |
| Mortgage Consolidation | N/A | Single month-to-month cost |
Fraudulent Use of RCC Monetary Assist
Fraudulently acquiring or utilizing monetary help 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 help system.
Widespread Types of Fraud
Some frequent types of monetary help fraud embrace:
- Submitting false or deceptive info on the FAFSA or different monetary help functions
- Failing to report adjustments in earnings or different circumstances that have an effect on eligibility
- Receiving monetary help for multiple establishment throughout the identical tutorial interval
- Utilizing monetary help for non-educational bills
- Forging or altering monetary help paperwork
Penalties of Fraud
Penalties for monetary help fraud may be substantial. College students who commit fraud might face:
- Compensation of all fraudulently obtained funds
- Suspension or expulsion from college
- Prison prosecution
- Injury to their credit standing
Defending Your self
College students can defend themselves from fraud by:
- Being trustworthy and correct when finishing monetary help functions
- Reporting adjustments in earnings or different circumstances that have an effect on eligibility
- Retaining monitor of all monetary help obtained
- Utilizing monetary help just for academic bills
- By no means sharing monetary help info with anybody
Reporting Fraud
If you happen to suspect that somebody is committing monetary help fraud, you’ll be able to report it to the RCC Monetary Assist Workplace. You could stay nameless if desired.
Contacting the RCC Monetary Assist Workplace
You probably have questions or want help along with your monetary help at RCC, you’ll be able to contact the Monetary Assist Workplace in a number of methods.
By Telephone
The Monetary Assist Workplace may be reached by telephone at (916) 484-8404.
By E-mail
You possibly can e mail the Monetary Assist Workplace at financialaid@rcc.edu.
By Mail
You possibly can ship mail to the Monetary Assist Workplace on the following tackle:
RCC Monetary Assist Workplace
4344 Marysville Boulevard
Sacramento, CA 95838
In Particular person
The Monetary Assist Workplace is situated within the Pupil Companies Constructing on the principle 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 |
Further Assets for RCC Monetary Assist
Along with the knowledge supplied above, listed below are some extra assets which may be useful for RCC monetary help recipients:
1. RCC Monetary Assist Workplace
The RCC Monetary Assist Workplace is situated within the Pupil Companies Heart, Room 212. The workplace hours are Monday via 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 Assist Web site
The RCC Monetary Assist web site offers a wealth of data on monetary help packages, eligibility necessities, and the appliance course of. The web site additionally features a hyperlink to the net monetary help software.
3. RCC Monetary Assist YouTube Channel
The RCC Monetary Assist YouTube Channel offers quite a lot of movies on monetary help subjects, akin to the right way to apply for monetary help, the right way to handle your pupil loans, and the right way to keep away from monetary help scams.
4. RCC Monetary Assist Twitter Account
The RCC Monetary Assist Twitter account offers updates on monetary help deadlines, occasions, and different vital info.
5. RCC Monetary Assist Fb Web page
The RCC Monetary Assist Fb web page offers a platform for college kids to ask questions, share ideas, and join with different monetary help recipients.
6. RCC Monetary Assist Weblog
The RCC Monetary Assist weblog offers articles on quite a lot of monetary help subjects, akin to the right way to finances for faculty, the right way to save for retirement, and the right way to make investments your cash.
7. RCC Monetary Assist FAQ
The RCC Monetary Assist FAQ offers solutions to incessantly requested questions on monetary help.
8. RCC Monetary Assist Glossary
The RCC Monetary Assist Glossary offers definitions of generally used monetary help phrases.
9. RCC Monetary Assist Calendar
The RCC Monetary Assist Calendar offers a listing of vital monetary help deadlines and occasions.
10. RCC Monetary Assist Contact Data
The next desk offers a listing of RCC Monetary Assist contact info.
| Contact | Telephone | |
|---|---|---|
| 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 tutorial 12 months at RCC will start on August 15, 2024. College students who’ve accomplished all obligatory monetary help necessities and have accepted their monetary help 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 info to RCC will want to take action by August 1, 2024, with a view 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.
Folks Additionally Ask About RCC Monetary Assist Disbursement 2024-2025
What’s the deadline to file the FAFSA for the 2024-2025 tutorial 12 months?
The deadline to file the FAFSA for the 2024-2025 tutorial 12 months is March 2, 2024.
How do I settle for my monetary help award?
You possibly can settle for your monetary help award by logging into your RCC pupil portal and clicking on the “Monetary Assist” tab. Underneath the “Monetary Assist Awards” part, click on on the “Settle for/Decline” hyperlink subsequent to the award that you just wish to settle for.
What if I’ve not obtained my monetary help funds by August 15, 2024?
You probably have not obtained your monetary help funds by August 15, 2024, you must contact the RCC Monetary Assist Workplace at (805) 756-2958.
