Financial Aid Information Session

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Financial Aid Information Session

• 2009-2010
• (Fall 2009 Spring 2010)

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Office of Financial Aid

• Contact Information
• [phone]
• Please listen to
• the entire message
• www.riohondo.edu/students/financialaid

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Financial Aid Staff

• F/A Assistants
• Elizabeth Viorato, (A-CHAU)
• Darling Lopez, (CHAV-GARC)
• Dee Granillo-Torres, (GARD - LIR)
• Bettie Quiroz, (LIS-N)
• Serina Gutierrez, (ROK-VEN)
• Senior F/A Assistants
• Gerald Lorenzetti, (O P) (Y-Z) Loans
  Scholarships
• Sandra Sierra, (Q ROJ) (VEO-X) Cal Grants, ACG
• JoAnn Almanza, Federal Work Study, Job Placement
• Monika Acosta, Financial Aid Technician

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What is Financial Aid?

• Financial Aid is funding provided through
  enrollment fee waivers, grants, scholarships,
  work, and loans to help assist with paying for
  college costs
• Financial Aid is not a life style
• Financial Aid is used for
• educational expenses only

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Types of Financial Aid

• ? BOGW - Fee Waiver ? Pell Grant ? SEOG Grant
  ? ACG ? Cal Grants
• ? Chafee Grant ? Scholarships
• ? Federal Work Study
• ? Loans

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How Do I Apply for Financial Aid?

• To apply for most types of aid, students must
  complete the Free Application for Federal Student
  Aid (FAFSA)
• The FAFSA is available on-line at
• www.fafsa.ed.gov
• The Priority Deadline to apply is March 2
• You only need to apply once per academic year
  which covers Summer, Fall Spring Semesters

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How to Request a PIN Number

• If you are filling out the FAFSA for the first
  time, you must visit www.pin.ed.gov and apply for
  a free pin number.
• PIN Numbers are confidential and should not be
  shared with anyone including any Financial Aid
  Administrators
• It is your option to have your PIN Number
  displayed immediately, emailed or mailed
• Your PIN Number is your electronic signature to
  submit the FAFSA

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How Do I Apply for Financial Aid?

• ? Be sure to include Rio Hondo Colleges federal
  school code 001269 so that we can receive your
  FAFSA information electronically
• Make sure your Social Security Number is correct
  on your FAFSA and that it matches the number you
  provided on your Admissions
• application to Rio Hondo College

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Results of the Financial Aid Application

• FAFSA results will be returned to students within
  24 - 48 hours if an e-mail address is given on
  the application
• If no e-mail address is given, then
• it will be returned to students within
• 7-10 business days via mail.

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Results of the Financial Aid Application

• SAR - Student Aid Report, the results of the
  FAFSA. The student will receive a SAR after
  completing the FAFSA
• When the SAR is received students MUST read the
  first page of the document for important
  information. Examples Verification, Wrong SSN,
  Citizenship issues, etc.

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Results of the Financial Aid Application

• Please do not make any corrections or changes to
  your SAR without consulting with your Financial
  Aid Assistant
• If you make changes or corrections it may cause
  delays in the Financial Aid processing
• The Financial Aid Office will make corrections or
  changes on your behalf

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How is Financial Aid Determined?

• EFC - Expected Family Contribution located on the
  1st page of the SAR. Based on the information
  you provided on the FAFSA
• This is the amount that the Federal Government
  determines you and your family can contribute
  towards your education
• Budget/COA (Cost of Attendance) - The estimated
  cost of attending school which includes fees,
  travel, books, etc
• COA - EFC NEED, example 5,000 -10004,000
• NEED - the amount that Financial Aid will try to
  cover with funding

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Types of Financial Aid
BOG- Board of Governors Fee Waiver

• BOGW- The State of California pays per unit fees
  on behalf of the student
• The Fee Waiver is only offered to California
  residents who meet certain income standards or
  who have calculated need
• The BOGW covers 20 per unit, 1.00 Student Rep
  Fee and 2.50 of the Parking Permit
• Students are responsible to pay the College
  Service Fee, Health Fee, Material Fees and 20
  for Parking Permit

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BOGW Fee Waiver

• Students who are currently receiving cash
  benefits from TANF/Cal Works, SSI, General
  Relief, or are a certified veteran dependent by
  the Calif. Dept. of Veteran Affairs are eligible
  for a BOGW
• You will need to bring current proof to the
  Financial Aid Office by bringing one of the
  following documentation

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BOGW Fee Waiver?

• Copy of your current months subsidies check
• Copy of your current Notice of Action
• Statement of current Supplemental Social Security
  Income
• Agency Certification Form
• (available at the Financial Aid Office)
• Letter of certification from the
• Calif. Dept. of Veteran Affairs

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Federal Grants

• Pell Grant Money given to students by the
  federal government for educational cost with an
  EFC of 4,042 or less
• Maximum amount for an academic year is 4,731

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Federal Grants

• SEOG - Supplemental Educational Opportunity
  Grant, federal funds given to students for
  educational cost on a first-come, first-serve
  basis who have the lowest EFC
• Maximum amount for an academic
• year is 1,200 (maximum amount varies per
  institution)

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Federal Grants

• ACG Academic Competitiveness Grant, is a new
  merit and need based federal grant for
  undergraduate students.
• Must successfully complete a rigorous secondary
  program of study
• First year eligibility maximum 750.
• Second year eligibility maximum 1300.
• See the Financial Aid Office for further details

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How to Apply for Pell, SEOG and ACG Grants?

• To apply students must complete FAFSA
• The FAFSA is available on-line at
• The Priority deadline is March 2nd every year

www.fafsa.ed.gov
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State Grants

• Cal Grant B - Funding given to students by the
  state for fees, books supplies based on the
  students GPA and FAFSA data
• Maximum amount for an academic year is 1,551
• Access Cal Grant Information or status at
  www.csac.ca.gov (WebGrants for Students)

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State Grants

• Cal Grant C State funding given to students in
  vocational or technical programs based on the
  students GPA and FAFSA data
• Maximum amount for an academic
• year is 576
• Access Cal Grant Information or status at
  www.csac.ca.gov (WebGrants for Students)

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Federal Grants

• Chafee Grant The Chafee Grant awards money to
  foster youth and former foster youths to use for
  career and technical training or college courses
  up to 5,000
• To apply complete your FAFSA application
• Submit a California Chafee Grant Program
  Application via the web at www.csac.ca.gov or
  contact your ILP Coordinator

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How Do I Apply for Cal Grant B C?

• Students must complete the FAFSA and GPA
  Verification Form by March 2nd
• Students can also apply a second
• time at a Community College
• by Sept. 2nd

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How Do I Apply for Cal Grant B C?

• The GPA Verification Forms are available at your
  former high school, the Financial Aid Office or
  on-line at www.csac.ca.gov
• ? NOTE Rio Hondo students with 16 or more
  completed degree applicable units (classes
  w/grades) with a GPA of at least 2.0, will
  automatically get their GPA electronically sent
  for Cal Grant application

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Federal Work Study

• Federal Work Study - is a federal program that
  helps students get jobs through the schools work
  program. Students receive funds in the form of a
  monthly paycheck
• Jobs are available for students to work
  on-campus

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How Do I Apply for FWS?

• Complete the FAFSA by March 2, and indicate you
  are interested in work-study on your FAFSA
  application
• Federal Work Study is offered on a first-come,
  first-serve basis
• Once eligibility is determined, seek employment
  through The Office of Financial Aid

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Book Grants Scholarships

• Scholarships are money that students may apply
  for based on Financial Need, Talent, GPA, Major,
  etc. (based on donor request)

Book Grants are vouchers or cash given to
students to purchase books and in some cases
educational supplies
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How Do I Apply for Book Grants?

• ? To apply for Book Grants, students who have a
  BOGW-A or B may be eligible for an EOPS book
  grant. Student must check with the EOPS Office

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How Do I Apply for Scholarships?

• To apply for scholarships, students should check
  online at https//scholarship.riohondo.edu/stars/

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Federal Loans

• Federal Loans Money loaned to students by the
  Federal Government for students education

• (LOANS MUST BE REPAID)

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How Do I Apply for Federal Loans?

• Complete the FAFSA
• Attend a mandatory Loan Workshop (dates will be
  posted in fall)
• Student must be on time for the workshop and stay
  the entire session

No Exceptions
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Financial Aid Processing

• Verification this is a process where the
  federal government selects students randomly for
  the Financial Aid Office to verify the
  information entered on the FAFSA.
• This is a mandatory process required by federal
  law and students must comply to receive financial
  aid.

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Financial Aid Processing

• Verification requires the financial aid office to
  request a copy of your signed federal taxes
  W2s. If you are a dependent student you will
  also need to provide your parents signed federal
  taxes to verify the information
• Please allow 5-6 weeks to complete processing on
  all financial aid applications from the time you
  submit documentation

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What Am I Eligible For?

• Once requested paperwork is in the Financial Aid
  Office and processed, you will receive an Award
  Notification of Financial Aid informing you of
  eligible aid
• Awards are based on full-time status (12 or more
  units per semester)
• Your disbursement will be adjusted accordingly if
  you are in less than full-time.

YOU MUST BE ENROLLED IN CLASSES TO RECEIVE
FINANCIAL AID
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Financial AidPolicies
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Financial Aid Satisfactory Academic Progress (F/A
SAP)

• The Federal Government requires that colleges
  monitor academic progress of aid recipients
• F/A SAP is reviewed every semester

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Financial Aid Satisfactory Academic Progress (F/A
SAP)

• The standards for this policy is as follows
• Student must maintain a minimum of a 2.0
  cumulative GPA
• Student must successfully complete all units
  attempted. (receiving W, F, I,NC,IP are
  not considered completed units)
• Students may not exceed the allowable \ degree
  applicable units within which to complete an A.A.
  degree, an A.S. degree, a certificate, or
  transfer program (94 units is standard)

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Financial Aid Satisfactory Academic Progress (F/A
SAP)

• Students who meet or exceed these standards are
  said to be making satisfactory academic progress

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Financial Aid Satisfactory Academic Progress (F/A
SAP)

• Students who do not meet the standards will be
  considered
• On financial aid probation status (warning) or
• Terminated status, meaning you will
• be ineligible to receive federal student
  financial aid based on failure to demonstrate
  satisfactory academic progress

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Repayments

• Students who withdraw from all classes prior to
  completing more than 60 of the semester will
  have their financial aid eligibility recalculated
  based on
• the percentage of the semester completed, and
  will be required to repay any unearned financial
  aid they received

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Withdrawals

• A students withdrawal date is
• The date the student officially notifies the
  Admissions Office of his or her intent to
  withdraw, OR
• The midpoint of the semester for a student who
  leaves without notifying the college, OR
• The students last date of attendance in a
  documented academically-related program

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Refunds

• The Board of Governors Fee Waiver (BOGW) must be
  secured by the end of the term in which you were
  awarded to be eligible for a refund
• Students who have paid enrollment fees and who
  have been awarded a valid BOGW must request a
  refund through the Cashiers Office before the
  end of the semester
• No refunds will be given after the end of the
  semester

(No Exceptions)
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Disbursement of Funds

• Students receiving a Federal Pell Grant, SEOG,
  ACG, Cal Grant, and Loans will be paid in two
  disbursements per term based on their current
  enrollment status.

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Disbursement of FundsAdditional Information

• Students attending multiple institutions can only
  be awarded financial aid at one school for the
  same term
• (One exception to the rule BOGW fee waiver is
  the only eligible aid for concurrent enrollment)

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F.Y.I.
(For Your Information)
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Current Address

• Make sure your mailing address, phone number, and
  your e-mail address are accurate with the
  Financial Aid Office and the Admission and
  Records Office
• The majority of communication
• from the Financial Aid Office
• will be sent via email

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Financial Aid Notices

• The Financial Aid Office will send you post cards
  and letters throughout the year informing you of
  disbursement dates, financial aid processing, and
  other information as needed

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Any Questions?

• Contact the Rio Hondo Financial Aid office at
• [phone]