The RCC Monetary Support Workplace is worked up to announce the disbursement of monetary assist 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 schooling. The funds might 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 might be notified by the Monetary Support Workplace and might be supplied with directions on tips on how to 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 offers assist to college students. The workplace additionally affords quite a lot of different companies, reminiscent of monetary counseling, scholarship help, and emergency loans. College students who’re dealing with monetary difficulties are inspired to contact the Monetary Support Workplace to be taught extra in regards to the sources which might be out there to them.
Along with the disbursement of monetary assist, the RCC Monetary Support Workplace additionally offers quite a lot of different companies to college students. These companies embody monetary counseling, scholarship help, and emergency loans. College students who’re dealing with monetary difficulties are inspired to contact the Monetary Support Workplace to be taught extra in regards to the sources which might be out there 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 students to grasp the disbursement course of and meet all essential 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 normal overview of the RCC monetary assist 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 | Closing FAFSA submitting deadline for the 2024-2025 tutorial 12 months |
| 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 should:
- 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 pupil loans
Earnings and Asset Necessities
Along with the final eligibility necessities, you may additionally want to fulfill sure earnings and asset necessities to qualify for some varieties of monetary assist.
The desk under exhibits the earnings and asset limits for the 2023-2024 tutorial 12 months.
| Eligibility | Earnings Restrict | Asset Restrict |
|---|---|---|
| Grant Support (Pell, Cal Grant) | $75,000 | $50,000 |
| Mortgage Support (Sponsored, Unsubsidized) | $150,000 | $125,000 |
| Work-Examine | $75,000 | $125,000 |
The earnings and asset limits are primarily based on the Adjusted Gross Earnings (AGI) reported in your most up-to-date federal earnings tax return. If you’re submitting as a dependent in your mother and father’ earnings tax return, their AGI might 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 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 Earnings Tax Transcripts (for pupil and, if relevant, mother and father)
- Social Safety Quantity Verification
- Verification of Untaxed Earnings
- Verification of Property
- Further paperwork could also be required primarily based on particular person circumstances
Particular Issues
College students who’re chosen for verification could also be topic to further scrutiny of their monetary assist software. RCC might request further 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 through the verification course of might 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 might lose their monetary assist eligibility.
The right way 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 pupil portal
- Click on on the “Paperwork” hyperlink
- Observe the directions to add your paperwork
Mail:
Riverside Metropolis Faculty Monetary Support Workplace
4800 Magnolia Avenue
Riverside, CA 92506
Please embody your RCC pupil ID quantity on all submitted paperwork.
Scholar Duty 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.
Scholar 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 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 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 |
Scholar Obligations
College students are liable for:
- Finishing the Free Software for Federal Scholar 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 which 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 had been disbursed. Compensation will not be required if the coed withdraws on account of navy service or different mitigating circumstances.
- Repaying any federal pupil 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 pupil monetary assist enchantment rules. To be eligible to enchantment, college students should:
- Be enrolled in or accepted for enrollment at RCC.
- Have filed the Free Software for Federal Scholar Support (FAFSA).
- Have accomplished all essential monetary assist varieties.
- Have acquired a monetary assist denial or adjustment.
Software Course of
To enchantment, college students should submit a written enchantment letter to the RCC Monetary Support Workplace. The letter ought to:
- Clarify the premise for the enchantment (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 Support Workplace will evaluate the enchantment inside 30 days of receipt. The reviewer will think about the coed’s circumstances, monetary want, and the provision of funds.
Notification
College students might be notified of the enchantment resolution in writing. The choice could also be to grant the enchantment, deny the enchantment, or alter the monetary assist award.
Further Info
College students might contact the RCC Monetary Support Workplace at (707) 527-4211 or by e 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 could have a six-month grace interval earlier than you should 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 are going to ship you a billing assertion every month and offer you details about your mortgage standing.
Cost Choices
You’ve a number of fee choices out there 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 progressively enhance over time.
* Prolonged reimbursement: This plan is out there 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.
* Earnings-driven reimbursement plans: These plans are primarily based in your earnings and household dimension. They can help 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 pupil loans right into a single mortgage with a single month-to-month fee. This will simplify your reimbursement course of and should decrease your rate of interest.
Default
For those who fail to make your mortgage funds on time, you could 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 customary reimbursement |
| Earnings-Pushed Compensation Plans | Varies | Primarily based on earnings and household dimension |
| Mortgage Consolidation | N/A | Single month-to-month fee |
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 embody:
- Submitting false or deceptive info on the FAFSA or different monetary assist purposes
- Failing to report modifications in earnings 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 might be substantial. College students who commit fraud might face:
- Compensation of all fraudulently obtained funds
- Suspension or expulsion from college
- Legal prosecution
- Harm to their credit standing
Defending Your self
College students can defend themselves from fraud by:
- Being sincere and correct when finishing monetary assist purposes
- Reporting modifications in earnings or different circumstances that have an effect on eligibility
- Protecting monitor of all monetary assist acquired
- Utilizing monetary assist just for academic bills
- By no means sharing monetary assist info with anybody
Reporting Fraud
For those who suspect that somebody is committing monetary assist fraud, you’ll be able to report it to the RCC Monetary Support Workplace. You could stay nameless if desired.
Contacting the RCC Monetary Support Workplace
When you’ve got questions or want help together with your monetary assist at RCC, you’ll be able to contact the Monetary Support Workplace in a number of methods.
By Cellphone
The Monetary Support Workplace might be reached by telephone at (916) 484-8404.
By E mail
You’ll be able to e mail the Monetary Support Workplace at financialaid@rcc.edu.
By Mail
You’ll be able to 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 Scholar Providers Constructing on the primary 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 |
Further Sources for RCC Monetary Support
Along with the data supplied above, listed below are some further sources that could be useful for RCC monetary assist recipients:
1. RCC Monetary Support Workplace
The RCC Monetary Support Workplace is positioned within the Scholar Providers Heart, 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 handle is financialaid@rcc.edu.
2. RCC Monetary Support Web site
The RCC Monetary Support web site offers a wealth of data on monetary assist packages, eligibility necessities, and the appliance course of. The web site additionally features a hyperlink to the web monetary assist software.
3. RCC Monetary Support YouTube Channel
The RCC Monetary Support YouTube Channel offers quite a lot of movies on monetary assist subjects, reminiscent of tips on how to apply for monetary assist, tips on how to handle your pupil loans, and tips on how to keep away from monetary assist scams.
4. RCC Monetary Support Twitter Account
The RCC Monetary Support Twitter account offers updates on monetary assist deadlines, occasions, and different necessary info.
5. RCC Monetary Support Fb Web page
The RCC Monetary Support Fb web page offers a platform for college students to ask questions, share ideas, and join with different monetary assist recipients.
6. RCC Monetary Support Weblog
The RCC Monetary Support weblog offers articles on quite a lot of monetary assist subjects, reminiscent of tips on how to price range for school, tips on how to save for retirement, and tips on how to make investments your cash.
7. RCC Monetary Support FAQ
The RCC Monetary Support FAQ offers solutions to steadily requested questions on monetary assist.
8. RCC Monetary Support Glossary
The RCC Monetary Support Glossary offers definitions of generally used monetary assist phrases.
9. RCC Monetary Support Calendar
The RCC Monetary Support Calendar offers a listing of necessary monetary assist deadlines and occasions.
10. RCC Monetary Support Contact Info
The next desk offers a listing 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 12 months at RCC will start on August 15, 2024. College students who’ve accomplished all essential monetary assist necessities and have accepted their monetary assist awards will obtain their funds on this date.
Funds might 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 assist disbursement ought to contact the RCC Monetary Support Workplace at (805) 756-2958.
Folks Additionally Ask About RCC Monetary Support 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 assist award?
You’ll be able to settle for your monetary assist award by logging into your RCC pupil portal and clicking on the “Monetary Support” tab. Underneath the “Monetary Support 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 acquired my monetary assist funds by August 15, 2024?
When you’ve got not acquired your monetary assist funds by August 15, 2024, it’s best to contact the RCC Monetary Support Workplace at (805) 756-2958.
