2. How are you going to pay for school? Grants Loans
Scholarships Self Pay Outsourced Aid
3. GRANTS - FAFSA FAFSA Free Application for Federal Student
Aid Need to apply State and Federal Income Taxes W-2s FAFSA ID
4. SCHOLARSHIPS 280+ scholarships available Scholarship
Application available on-line Students who have completed a recent
application to the college have entered into the scholarship pool.
No additional Scholarship application is needed.
5. Rules to Know Satisfactory Academic Policy (SAP) Required
GPA 67% rule 100% Withdraw Dates Withdraw Policy Return to Title IV
Probation Suspension Extension Appeal
6. Academic Success or Failure Return of Title 4 any and all
Federal financial aid proportional to attendance will be revoked
from the student which will result in a bill being owed to the
college This often results in very large bills most being $1000
plus Withdrawal from all classes All Fs or NPs Probation and
Suspension Financial Aid 67% Appeal
7. Loan Requirements Be in a qualifying, degree seeking
program. Short term certificates do not qualify EMT basic only
classes do not qualify Fire fighter only program does not qualify
Be enrolled in at least 6 qualifying credit hours All previous
college official transcripts must be on file Verification of class
attendance Disbursement notification Two disbursements Right to
cancel
8. Direct Student Loans Subsidized Interest free while you are
enrolled in at least 6 hours Need based determined by federal
regulations Unsubsidized Accrues interest from the day it disburses
Not need based 6 hour enrollment rule
9. Parent Plus Loan Unsubsidized loans for the parents of
dependent students and for graduate/professional students. PLUS
loans help pay for education expenses up to the cost of attendance
minus all other financial assistance. Interest is charged during
all periods.
10. Interest Rates Direct Subsidized Loans for undergraduates
with a first disbursement date between July 1, 2009, and June 30,
2010: 4.8% Direct Subsidized Loans for graduate students and Direct
Unsubsidized Loans for all students: 6.8% Direct PLUS Loans:
7.9%
11. Required Student Loan Paperwork www.studentloans.gov
Completed FAFSA Entrance Counseling Master Promissory Note (MPN)
Student Loan Data Sheet Go to www.trcc.edu for forms.
12. Loan Limits Dependent student1 Independent student2
1st-year undergraduate $5,500 (maximum $3,500 subsidized) $9,500
($3,500)3 2nd-year undergraduate $6,500 ($4,500) $10,500 ($4,500)
Below are the aggregate (total) limits for Direct Subsidized and
Unsubsidized Loans: $31,000 for dependent undergraduate students
excluding those whose parents are unable to borrow a PLUS Loan (no
more than $23,000 may be subsidized) $57,500 for independent
undergraduate students and dependent undergraduates whose parents
are unable to borrow a PLUS loan (no more than $23,000 may be
subsidized)
13. Repayment Starts 6 months after you Graduate Withdraw Drop
below 6 hours Minimum payment is $50 Repayment options Standard
Extended Graduated Income Contingent Income Based
14. Payment Plans Students who have confirmed financial aid do
not have to register for a payment plan. Students who pay for their
course in full prior to the payment deadline do not have to
register for a payment plan. All other students must register for a
Nelnet payment plan by deadline date or student will be un-enrolled
from classes.
15. Refunds Students will receive a Raider One which is a debit
card that can be used to have student refunds placed on it. Refund
Options Easy Refund student has refund placed on Raider One debit
card (bank is not local) ACH Transfer student has funds placed in
current bank account as a ACH transfer for free (takes 2-3 days
longer for refund to reach account) Refund Notification Student can
log into their One Account at RaiderOneCard.com Higher One will
send e-mail to student e-mail account.
