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Financial Aid Frequently Asked Questions

What do I have to do in order to apply for financial aid?

What are the deadlines to file for financial aid?
NRCC has the following priority deadlines:

Summer term begins a new award year. Students who are awarded for Fall term will also be awarded Spring aid. Students who attend in Fall do not need to reapply for Spring aid. Students will be awarded at the full-time level.

Do I have to file my taxes before I fill out the FAFSA?

What standards are used when determining financial aid eligibility?

How many credits do I have to enroll in to be eligible for financial aid?

How much money can I get for school?

I received my Student Aid Report (SAR), now what?

What is verification?

What is the definition of an independent student?

Because the EFC formula for a dependent student uses parental data, and the two formulas for independent students do not, the first step in calculating a student’s EFC is to determine his or her dependency status. For the 2012-2013 Award Year, a student is automatically determined to be an independent applicant for federal student aid if he or she meets one or more of the following criteria:

TERMS USED IN THE DEFINITION OF AN INDEPENDENT STUDENT

LEGAL DEPENDENT. Any child of the student who receives more than half of their support from the student (the child does not have to live with the student), including a biological or adopted child. Also, any person, other than a spouse, who lives with the student and receives more than half of his or her support from the student now and will continue to receive more than half of his or her support from the student through June 30, 2013.

VETERAN. A student who: (1) has engaged in active service in the U.S. Armed Forces (Army, Navy, Air Force, Marines, or Coast Guard), or has been a member of the National Guard or Reserves who was called to active duty for purposes other than training, or was a cadet or midshipman at one of the service academies, or attended a U.S. military academy preparatory school, and (2) was released under a condition other than dishonorable. A veteran is also a student who does not meet this definition now but will by June 30, 2013.

Source: http://ifap.ed.gov/efcformulaguide/attachments/010512EFCFormulaGuide1213.pdf

Why is my school asking for a signed line-by-line tax return?

If you get a refund from the IRS, would it affect applying for Financial Aid?

The FAFSA is asking for parent information, but I don’t live with them. Do I have to include that?

Can I use my grandparents instead of my parents on the FAFSA?

I have a child, but still live at home with my parents. Am I considered an independent student?

My parents are separated, living in different homes; do I use mom, dad, or both on the FAFSA?

I was married, but am now separated from my spouse; do I have to provide his/her income information?

I did not have a job and I was living with someone other than my parent, should I just put $0 income on the FAFSA?

If I am in active bankruptcy status, will that affect my financial aid?

If I am in default on a student loan, can I still receive financial aid?

If I received financial aid last year, won’t I automatically be eligible this year?

What is Satisfactory Academic Progress (SAP)?

How can I pay my tuition if I don’t qualify for Financial Aid, but don’t have enough money to pay all at once?

Can I get Financial Aid at two colleges at the same time?

For more information please visit the following websites:
Federal Student Aid: http://www.fafsa.ed.gov/
Federal Direct Student loans: www.studentloans.gov
Private Scholarship Information: www.fastweb.com


Non-Discrimination Statement:
New River Community College does not discriminate on the basis of race, color, national origin, sex, disability, or age in its programs and activities.

The following person has been designated to handle inquiries regarding the non-discrimination policies: Dr. Mark C. Rowh, Vice President for Workforce Development and External Relations, 217 Edwards Hall, 540-674-3600, ext. 4241. Inquiries concerning Title IX (sexual harassment, sexual assault/domestic violence/dating violence, and stalking) may be directed to Amy Hall, Title IX Coordinator, 02A Godbey Hall, 540-674-3600, ext. 4211. Inquiries concerning ADA and Section 504 may be directed to Lucy Howlett, Coordinator of The Center for Disability Services, Advising Center, Martin Hall, V/TTY 540-674-3619

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