Financial Aid - Tri-County Community College (2023)

Purpose of Financial Aid

The purpose of financial aid is to help remove the financial barriers that stand in the way of a student’s education. The Tri-County Community College (TCCC) Financial Aid staff is committed to the philosophy that a high-quality education should be affordable and accessible to everyone in our community.

Types of Financial Aid

Federal Pell Grant

A Federal Pell Grant, unlike a loan, does not have to be repaid unless the student totally withdraws from all classes in a semester or enrollment period. Pell Grants are classified as Title IV federal aid and awarded only to undergraduate students who demonstrate financial need by completing a FAFSA. Students are limited to receiving a Pell Grant for the equivalent of twelve full-time enrolled semesters. This applies to ALL Federal Pell Grant eligible students and includes ALL years of receiving Pell Grant funds. Students who have earned a bachelor’s degree do not qualify for a Pell Grant. Pell Grants may be used to pay a student’s direct educational costs, such as tuition, fees, and books, as well as indirect educational costs, such as transportation expenses. Students should apply well in advance of the semester they plan to attend. The federal processor must receive a student’s FAFSA by June 30 to be considered for the current academic year. There are no exceptions to this deadline.

Additional Pell

Pell recipients who attend full-time (12+ credit hours) in the fall and subsequent spring semester may be eligible to receive Additional Pell Grant funds for the summer semester. To qualify for Additional Pell, students must have remaining Lifetime Pell Eligibility and unmet need, maintain Satisfactory Academic Progress, and enroll at least half-time (6+ credit hours) in courses that are required for students program of study. Students must maintain an enrollment status of at least 6 credit hours through the Financial Aid Census date in order to qualify for Additional Pell. If students drop, withdraw, or never attend one or more classes, resulting in enrollment status of less than 6 credit hours, students will not receive the additional award for the remaining class(es). This will result in students owing any outstanding tuition, fees and bookstore charges and/or being purged from remaining classes for nonpayment.

Please click here for more information about Year-Round Pell Grant.

Federal Direct Loan Program

TCCC no longer participates in the Federal Direct Loan Program, which includes Federal Stafford Loans offered to students, and Federal PLUS Loans offered to students’ parents. Loans previously provided by TCCC must be REPAID with interest. For more information regarding your past loans, please visit

Federal Supplemental Educational Opportunity Grant (FSEOG)

The FSEOG is designed to supplement existing financial aid for undergraduates who have demonstrated exceptional financial need. It is classified as Title IV federal aid. This grant is awarded to eligible applicants for the fall and spring semesters. While no deadline exists, students are encouraged to submit their FAFSA as soon as they file their taxes because the application date is one criterion for the award. FSEOG funds are limited and awarded on a first come, first served basis.

Federal Work-Study Program (FWS)

This program is designed to assist students who need extra income to continue their education at TCCC and provide valuable work experience. To be eligible for this program, a student must first complete a FAFSA. Work-Study position announcements will be posted on the Financial Aid page at at the beginning of each academic year, or whenever there are position openings throughout the year. Deadlines for applying are posted on each advertisement. Students are required to reapply annually. Students may be eligible for the Work-Study program even if they are not eligible for the Federal Pell Grant. Students can only earn FWS funds in combination with other resources up to the amount of the student's financial need.


  • Art Studio Assistant
  • CCR/HRD Office Assistant
  • Financial Aid - Office Assistant
  • President’s Office - Office Assistant
  • Student Services/Admissions - Office Assistant

Download application HERE

Finish Line Grant

Do you have an unforseen financial emergency that may prevent you from completing your program of study? If so, TCCC may have resources to help you.

In July 2018, NC Governor Roy Cooper announced the Finish Line Grant program. This program helps eliminate the burden of unforeseen financial emergencies which may interfere with students’ studies. The Finish Line Grant program is administered through TCCC’s Financial Aid Office. This program may provide up to $1000 per semester to eligible curriculum and occupational education students.

The Finish Line Grants are available to TCCC students who meet all of the following:

  1. Have an unforeseen financial hardship.
  2. Are enrolled in a postsecondary curriculum degree, diploma, or certificate program or qualifying continuing education certification program.
  3. Have completed at least 50% of the postsecondary degree, diploma, or certificate program.
  4. Have a GPA of 2.0 or greater.
  5. Have remaining educational costs, as determined by the financial aid office Cost of Attendance calculation.

The Finish Line Grant may help cover costs such as:

  • Transportation Expenses
  • Child Care
  • Dependent Care
  • Housing
  • Accommodations for Individuals with Disabilities
  • Utility Bills
  • Medical Needs
  • Tuition, Fees, and Books

Students who feel they meet the criteria listed above for the Finish Line Grant are encouraged to complete a Finish Line Grant application and submit the application (along with required documentation indicated on the application) to the Financial Aid Office. Once received, a Committee will review the student’s request and the student will be notified of the outcome of the Committee’s decision. If approved, the College will collect vendor information required to process a payment to be sent to the vendor to pay towards the student’s unforeseen emergency. Payments will be made directly to the vendor, not to the student.

Download application HERE

North Carolina Community College Grant (NCCCG)

The NCCCG is a need-based grant established by the North Carolina Legislature to provide funds to help meet the educational costs of NC residents attending community colleges. The availability of this funding depends on allocation from the North Carolina State Legislature and eligibility is determined by a student’s FAFSA. Students must be enrolled for at least six credit hours as an undergraduate at an eligible NC institution to be eligible.

(Video) How to Obtain Financial Aid from Tri-C

North Carolina Education Lottery Scholarship (NCELS)

North Carolina residents who enroll for at least six credit hours as an undergraduate at an eligible NC institution may be eligible for this scholarship. The award is based on the same criteria as the Federal Pell Grant. Current awards range from $100 to $3,588 per academic year.

North Carolina Childcare Grant

This grant was established by the NC General Assembly to assist student-parents with their financial responsibilities for childcare expenses so they may complete their educational goals. Students must apply separately for this grant at the TCCC Financial Aid office, and they must also demonstrate financial need through their current processed FAFSA.

North Carolina Targeted Assistance

This program is designed to assist students in specific programs of study in which enrollment is substantially less than class capacity but for which there is a high demand for employees in the service area labor force. Once these programs have been determined, all students enrolled in the identified program(s) will be notified via their TCCC student email if eligible for this available funding. The Targeted Assistance is generally awarded at the 60% point of the semester.

Other North Carolina Grants, Scholarships, and Loans

Grants, Need-based Scholarships, Merit Scholarships, and Loans - For more information please visit

Forgivable Education Loans for Service

For more information, please visit

Other Financial Aid Programs

Other sources of financial assistance are available through the following organizations to those who qualify. Interested students should contact these organizations directly to apply.

  • The Workforce Innovation and Opportunity Act (WIOA) provides financial assistance to income-eligible individuals meeting certain federal eligibility requirements and who are enrolled in approved curriculum. The program is administeredby Southwestern Workforce Development Board through the NC Works Career Center Tri-County.
  • The North Carolina Division of Vocational Rehabilitation provides services to persons with disabilities in order to help them obtain employment.
  • The Cherokee Education and Training Adult Education Program administer educational assistance programs for the Eastern Band of Cherokee Indians and the Bureau of Indian Affairs.
  • Veteran’s Benefits - The Department of Veterans Affairs provides assistance to eligible members of the National Guard, Selected Reservists, eligible veterans, and certain veteran dependents. The Department of Veterans Affairs is the final authority for determining eligibility.Apply for education benefits through the Department of Veterans Affairs at The TCCC Veteran Student Enrollment Guide can be found on the College website at

Special Note: The Veterans Benefits and Transition Act of 2018 (Public Law 115-407) was signed into law on December 31, 2018. As a result, beginning on August 1, 2019, Tri-County Community College will allowGI Bill®and VR&E beneficiaries (Chapter 33 and Chapter 31 beneficiaries) to attend a course of education or training for up to 90 days from the date the beneficiary provides a certificate of eligibility, or valid VAF 28-1905. This 90-day time frame will allow a student to attend the course until VA provides payment to the institution.

Additionally,GI Bill® and VR&E beneficiaries (Chapter 33 and Chapter 31 beneficiaries) will not be penalized, or charged extra fees, in the event the VA makes late payments for tuition and fees. However, veterans, who benefit from Chapter 33 or Chapter 31, must be aware that Section 103 requires a State Approving Agency (SAA), or the Department of Veterans Affairs (VA) when acting in the role of the SAA, to disapprove certain courses of education. VA can grant a waiver to these requirements.

If you have questions or need assistance in applying for VA education benefits, please contact TCCC’s VA School Certifying Official at 828-837-6810 or visit the Financial Aid Office in the Harper Building on the main campus.

Net Price Calculator

Estimate your net cost to attend Tri-County Community College! Using the net price calculator, you may receive an estimate of your eligibility for financial aid at Tri-County Community College and estimate your out-of-pocket expenses. We hope that the results of the net price calculator are useful to you in your planning process.

Welcome to the Tri-County Community College Net Price Calculator!Lets Get Started!

Financial Aid Q’s and A’s

You first must meet financial aid eligibility requirements. You should apply for financial aid at the same time you apply for admission to TCCC. For faster results, you should submit a Free Application for Federal Student Aid (FAFSA) at and add TCCC’s school code (009430). This process usually takes 1 to 2 weeks to get results. The other way to apply is to complete a FAFSA form and mail it to the address on the front of the FAFSA. This can take 2 to 3 weeks to get the results back. You must re-apply annually. Apply for financial aid as early as October 1 for the following year’s fall semester. Utilize the IRS Data Retrieval Tool to obtain your/parent(s) (if applicable) tax information. You should re-apply no later than the summer semester for the upcoming academic year.

(Video) Get More From Your Financial Aid
  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity Grant
  • Federal Work-Study Program*
  • NC Community College Grant NC Education Lottery Scholarship
  • NC Childcare Grant*
  • NC Targeted Assistance Program
  • NC Less Than Half Time Program Scholarships*
  • Veteran’s Educational Benefits(Note: These programs have additional requirements to the FAFSA.) Contact the financial aid office.

No. If you completed a FAFSA for the current award year and another school processed it, the results can be requested from the Department of Education, provided you have your current Student Aid Report (SAR). You will need to call 1-800-433-3243 or go to and add TCCC’s school code.

TCCC’s title IV school code is 009430. This number must be included on the FAFSA if mailing.

You should submit/mail the requested documentation to TCCC’s financial aid office as soon as possible to prevent delay in processing your financial aid eligibility. Please review your documents for completion including needed signature(s).

No, you may only receive financial aid at one college at a time. However, if you are attending two institutions simultaneously, you may qualify for a consortium agreement. Contact the financial aid office for details.

The financial aid office will be able to make an award once the following criteria have been met:

  • All requested documents/forms have been completed accurately and returned.
  • The FAFSA data has been verified (if applicable).
  • The student has been accepted in an eligible program. (Note: Not all programs offered are eligible for financial aid. Check with the financial aid office to see if your chosen program is eligible.)
  • The student has registered for classes. (If you reduce the number of credit hours after your initial registration you must notify the financial aid office, or you could owe some or all federal funding back.)
(Video) City of South Fulton - City Council Meeting - 4/25/23

The amount of Pell Grant eligibility is determined by the Department of Education. The information you provide on your FAFSA is placed into a formula which determines your Expected Family Contribution (EFC) number. The EFC number represents the amount determined by the Department of Education that you are reasonably expected to pay towards your education for one academic year. Students are limited to receiving a Pell Grant for the equivalent of twelve full-time enrolled semesters. This applies to ALL Federal Pell Grant eligible students and includes ALL years of receiving Pell Grant funds. Students who have earned a bachelor’s degree do not qualify for a Pell Grant.

The amount of your Pell Grant is determined by a combination of your EFC number and the number of hours for which you are enrolled. For the 2021/2022 academic year, the Pell Grant ranges from $672 to a maximum of $6,495 annually. NOTE: The Pell Grant will pay for classes under your program of study only.

Once eligibility has been determined, your financial aid award(s) will be entered into your student account for you to charge your tuition, fees, and book charges against. If charging books and supplies against your financial aid in the bookstore, you need to take your registration statement to bookstore (unless you are receiving other sources of financial assistance such as WIOA or Vocational Rehabilitation). About 35 days after the first day of class, your refund (if applicable) will be disbursed to your selected refund preference with BankMobile. For more information about BankMobile, visit this link: (See the college website and postings for additional information.) Also, if you receive any type of financial aid assistance, you will receive a 1098T yearly from TCCC for tax filing purposes. Please remember any type of financial assistance received is considered income to the household and MUST be reported on annual tax return.

Yes, we recommend you contact the financial aid office before you withdraw from a class. Withdrawing from all of your scheduled classes could result in having to repay all or a portion of your financial aid and/or loss of future financial aid eligibility. According to federal regulations, whatever amount of financial aid you did not earn must be returned to the financial aid program(s).

In order to receive financial aid, you must be maintaining Satisfactory Academic Progress (SAP). You SAP status will be evaluated at the time you apply for financial aid and at the end of each semester enrolled. If you fail to maintain SAP, it could result in loss of financial aid. Please refer to the Satisfactory Academic Progress Policy at or in the TCCC General Catalog & Student Handbook.

(Video) why we're sending our son to private K-12 & how to pay for it

You are eligible for a Pell Grant until you have earned a Bachelor’s degree or received your Lifetime Eligibility Used (LEU) amount of Pell Grant (12 full-time semesters). For more information contact the financial aid office.

The federal government classifies you has an independent student if you meet one of the following criteria:

  • You are 24 years old or older.
  • You are married.
  • You have legal dependents other than a spouse.
  • You are an orphan/dependent of the court or both your parents are deceased.
  • You are currently serving on active duty in the U.S. Armed Forces for purposes other than training.
  • You are a veteran of the U.S. Armed Forces.
  • If a court in your state of legal residence declares that you are an emancipated minor, or have placed you in a legal guardianship
  • You are an unaccompanied youth who is homeless determined by a school/school liaison or a director of a shelter or homeless youth center.

Contact the financial aid office, if you feel that you are independent, but do not meet at least one of the criteria above.

If you’ve had an involuntary change or reduction in employment, unexpected medical expenses, or any other circumstances that result in a significant change in your income, you should contact the financial aid office to find out if your income can be re-evaluated.

Student Services

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  • Satisfactory Academic Progress (SAP)
  • Direct Loans
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What happens if financial aid isn't enough? ›

If you've received a financial aid offer from a college you're interested in attending but find it isn't enough, you may be eligible to submit a financial aid appeal. Your financial situation may have changed since submitting your financial aid applications due to a job loss or significant family expense.

How do I get my FAFSA questions answered? ›

If you are still having trouble with any question, you should consult a financial or legal professional. Or if you have specific FAFSA questions, FAFSA provides a support line (800-433-3243). The TDD number for hearing-impaired individuals is 1-800-730-8913.

Why is my FAFSA grant so low? ›

Some of the most common reasons your grant funds may be reduced are: You didn't enroll full time. Pell Grants are prorated for part-time enrollment, You didn't begin attending all of your classes before the financial aid lock date.

What happens to my FAFSA if I fail a class? ›

Failing or taking an incomplete grade in courses can impact your financial aid in multiple ways. The 3 main impacts may be owing money back for the current term, losing federal aid eligibility for future terms, and not meeting the renewal criteria for scholarships and institutional aid.

Why am I not getting more financial aid? ›

Students must be in good academic standing to receive federal aid. The required GPA varies from school to school, but typically students need a 2.0 or higher. If your grades fall below the minimum GPA, you could lose eligibility for financial aid.

Why am I not getting any money from FAFSA? ›

Contact your school's financial aid office

There are a number of possible reasons why you might have been told no aid is available: Your FAFSA may be incomplete. If you failed to submit any information on your FAFSA, then the school may not have determined yet what types of aid you are eligible for.

What is the 88 question on the FAFSA? ›

The FAFSA asks about your parent's / parents' additional financial information as a way to gather any relevant earnings or payments that would not show up on a Federal tax return.

Is it OK to skip asset questions on FAFSA? ›

Based on your answers to certain questions on the Free Application for Federal Student Aid (FAFSA®) form, you may be given the option to skip additional questions. If you're given the option to skip questions, keep in mind that doing so won't affect your eligibility for federal student aid.

What is the question 85 on the FAFSA? ›

What is the total current balance of your parents' cash, savings, and checking accounts? This is question 85 on the Free Application for Federal Student Aid (FAFSA®) PDF. Add the account balances of your parents' cash, savings, and checking accounts as of the day you submit your FAFSA form.

Why am I not getting my full Pell Grant? ›

It's possible that you might not receive your entire scheduled award for an award year. There are a number of reasons for this, the most common of which are that you are not enrolled for the full year or that you are not enrolled full-time, or both.

How can I get FAFSA to give me more money? ›

How can I get more aid?
  1. searching and applying for scholarships.
  2. working at an on-campus part-time job.
  3. getting on a payment plan with your school's billing office to help you meet your remaining costs by making several payments throughout a semester.

What is biggest factor for FAFSA? ›

Income and assets are the some of the primary metrics on which the FAFSA measures your financial need. If your family has a high relative income, you may receive less financial aid than a family with a relatively low income, because the FAFSA will determine that you have a higher expected family contribution (EFC).

Do I have to pay back FAFSA if I fail? ›

If you fail a class, do you have to pay back your FAFSA financial aid? No, failing a class doesn't mean that you'll be forced to pay back any money that you received for that class. It could mean that you'll lose out on future money because you didn't perform well, though.

What GPA do you need for FAFSA? ›

To be eligible for federal student aid and college financial aid, a student must be making Satisfactory Academic Progress (SAP). This generally consists of maintaining at least a 2.0 GPA on a 4.0 scale (i.e., at least a C average) and passing enough classes with progress toward a degree.

What is the 150 financial aid rule? ›

Financial Aid recipients will be terminated upon reaching 150 percent of the number of credits needed to complete their degree, diploma or certificate program. This regulation applies to all students, including those that have not previously received financial aid.

Is it OK to ask for more financial aid? ›

If you don't get enough financial aid, you can always ask for more. The worst that can happen is the college financial aid administrator says “no.” But, to increase the chance of a successful financial aid appeal, it is important to understand how the appeals process works.

Is there a limit to how much financial aid I can get? ›

There is a maximum amount of Federal Pell Grant funds you can receive over your lifetime. You can receive the Pell Grant for no more than 12 terms or the equivalent (roughly six years). This is called the Federal Pell Grant Lifetime Eligibility Used (LEU). You'll receive a notice if you're getting close to your limit.

Why is it so hard to fill out a FAFSA? ›

But filling out the FAFSA can be a confusing, complex process for families. The paper version of the FAFSA has more than 100 questions – that's nearly three times as long as the standard federal income tax form. The online FAFSA, however, uses skip-logic technology to present applicants with relevant questions.

Does everyone get some money from FAFSA? ›

If I meet the basic eligibility criteria for federal student aid, who decides how much money I'll get? Here's the short answer: Your eligibility depends on your Expected Family Contribution, your year in school, your enrollment status, and the cost of attendance at the school you will be attending.

What is the difference between the FAFSA and the Pell Grant? ›

The FAFSA is the form you fill out, and the Pell Grant is one of the ways to receive aid while you attend school. Pell Grant funds are typically offered to undergraduate students who demonstrate financial need. The FAFSA helps a student show the government and the school that they have a need.

What is the 67% rule for FAFSA? ›

The US Department of Education requires students to complete at least 67 percent of all courses attempted for all colleges attempted to maintain eligibility for federal financial aid. PACE is calculated by dividing the earned credits by the attempted credits.

What is the question 69 on the FAFSA? ›

69. How many people are in your parents' household? other people if they now live with your parents, your parents provide more than half of their support and your parents will continue to provide more than half of their support between July 1, 2023 and June 30, 2024.

What is question 93 on FAFSA? ›

How to answer this question / fill out this section. You will want to list the number of people living in your household/home, beginning with yourself, and any other siblings or relatives for whom your parent(s) pay for 50% or more of their financial support.

Can FAFSA see your bank account? ›

Students selected for verification of their FAFSA form may wonder, “Does FAFSA check your bank accounts?” FAFSA does not directly view the student's or parent's bank accounts.

What should I not report on FAFSA? ›

Cars, computers, furniture, books, boats, appliances, clothing, and other personal property are not reported as assets on the FAFSA. Home maintenance expenses are also not reported as assets on the FAFSA, since the net worth of the family's principal place of residence is not reported as an asset.

What are three important mistakes you will avoid when completing the FAFSA? ›

You'll have a better chance at receiving money for college if you avoid several common mistakes when filling out your Free Application for Federal Student Aid (FAFSA®) form. Such mistakes include not completing the form on time, not filling it out correctly, or forgetting to sign and submit.

What is the question 90 on the FAFSA? ›

This is question 90 on the Free Application for Federal Student Aid (FAFSA®) PDF. the number of people (not your children or spouse) who live with you and receive more than half of their support from you and will continue to receive more than half of their support from you between July 1, 2023, and June 30, 2024.

What is question 79 on FAFSA? ›

This is question 79 on the FAFSA. The student's parents are required to file a Schedule 1 to report income or adjustments to income that cannot be entered directly on the IRS Form 1040.

What is question 73 on FAFSA? ›

Supplemental Nutrition Assistance Program (SNAP) 73. Free or Reduced Price Lunch. 74.

Why did my daughter not get a Pell Grant? ›

FAFSA information

The most common reason you might not get a Pell Grant — or the full amount — is the information on your FAFSA. Your FAFSA helps determine the amount of federal financial aid you're eligible for.

What 4 things affect the amount of money you receive from your Pell Grant? ›

The amount granted depends on your Expected Family Contribution (EFC), cost of attendance, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less.

What is the max Pell Grant per semester? ›

Federal Pell Grant

Award amounts are based on the student's level of financial need and enrollment status for each term. The maximum Pell Grant for the 2023-24 award year is $7,395. The maximum Pell Grant per term is $3,698 for Fall/$3697 for Spring.

Should I empty my bank account for FAFSA? ›

Empty Your Accounts

If you have college cash stashed in a checking or savings account in your name, get it out—immediately. For every dollar stored in an account held in a student's name (excluding 529 accounts), the government will subtract 50 cents from your financial aid package.

How much money does FAFSA give per semester? ›

Undergraduates can receive up to $16,000 toward their degree. This is $4,000 per year or $2,000 per semester. Graduate students can receive up to $8,000 to continue their education. For a two-year master's degree, this is $4,000 per year or $2,000 per semester.

What 4 factors determine how much aid a student will receive? ›

income, assets, and benefits, as well as your family size and the number of family members enrolled in higher education, are all considered in this formula. Your EFC index number determines how much financial aid you would receive if you attended a particular program or school.

What are the top 2 reasons why families do not complete the FAFSA? ›

Why Students Don't Fill Out the FAFSA
  • 33 percent thought they or their family could afford school or college without financial aid.
  • 32 percent thought they or their family may be ineligible or may not qualify for financial aid.
  • 28 percent did not want to take on debt.
Jan 13, 2019

What is the average FAFSA awarded? ›

Average amounts are about $9,000, with less than half of that in the form of grants. This table shows the maximum and average amounts for various types of federal student aid for undergraduate students for 2020-2021. Average amounts have been rounded to the nearest multiple of $10.

Can I use my FAFSA money for a car? ›

You also can't pay for the purchase of a car with financial aid funds. In particular, a qualified education loan is used solely to pay for qualified higher education expenses, which are limited to the cost of attendance as determined by the college or university.

Will I lose my Pell Grant if I fail a class? ›

As long as the FAFSA is submitted each year, a failed class should not affect the student's ability to receive the Pell Grant. However, if you start to accumulate multiple failed classes and you are not making satisfactory progress toward graduation, as deemed by the institution, the Pell Grant could be cut off.

What happens if you get FAFSA money and don't go to school? ›

Does my aid "expire" if I don't use it? Yes, aid will be canceled if a student does not enroll in classes within the term or year that aid is offered. For loans to be reinstated students must request reinstatement of loans via askfas email or student can complete the request loan form.

At what age does financial aid stop? ›

Is there an age limit for receiving federal student aid? No, there's no age limit.

Does parents income affect FAFSA? ›

If you are a dependent student, include your and your parents' or guardians' untaxed and taxed income on the FAFSA, along with other information such as their assets and benefits. Independent students shouldn't include anyone else's financial information on the FAFSA, unless they're married.

What is the lowest GPA you can get for financial aid? ›

At minimum, experts say, students must generally meet a GPA standard of 2.0, or a C average, on a 4.0 scale to graduate and remain eligible for federal financial aid.

Can a college deny financial aid? ›

If you're wondering: can you be denied a federal student loan, the answer is yes. Even if you complete the Free Application for Federal Student Aid (FAFSA), approval is not always guaranteed. If you've applied for federal student loans and have been denied, it's important to understand the reason for denial.

How much should I accept in financial aid? ›

However tempting it might be to use that extra money to buy a brand new $1,800 laptop or textbooks or anything else, if you can cover those expenses out of pocket then that is what you should do. Only accept enough financial aid to cover the 25% of tuition not covered by your parents' savings and your scholarship.

How to get $30,000 in aid? ›

By filling out a Free Application for Federal Student Aid (FAFSA), you can qualify for up to $30,000 in aid. The deadline to fill out an application for the current academic year is June 30, 2022.

How can I get extra money from financial aid? ›

How can I get more aid?
  1. searching and applying for scholarships.
  2. working at an on-campus part-time job.
  3. getting on a payment plan with your school's billing office to help you meet your remaining costs by making several payments throughout a semester.

Can you run out of financial aid money? ›

You can receive the Pell Grant for no more than 12 terms or the equivalent (roughly six years). This is called the Federal Pell Grant Lifetime Eligibility Used (LEU). You'll receive a notice if you're getting close to your limit. If you have any questions, contact your school's financial aid office.

What happens if a student receiving financial aid completes less than 50? ›

Students will be disqualified from receiving financial aid if any of the following applies: Student completes fewer than 50% of their attempted units with passing grades in any semester.

Can you negotiate for more financial aid? ›

No essay required. If the financial aid package offered in your award letter isn't everything you hoped it would be, you can negotiate it. Yes, financial aid is negotiable.

Is there a limit to how much financial aid you can receive? ›

$57,500 for undergraduates-No more than $23,000 of this amount may be in subsidized loans. $138,500 for graduate or professional students-No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received for undergraduate study.

What is the maximum FAFSA aid? ›

Independent undergraduate students: $57,500 in subsidized and unsubsidized loans (no more than $23,000 in subsidized loans). Dependent undergraduates whose parents are denied a parent PLUS loan also qualify for this maximum. Graduate and professional students: $138,500 in unsubsidized loans.

How many times does financial aid give you money? ›

Generally, your grant or loan will cover a full academic year and your school will pay out the money in at least two payments called disbursements. In most cases, the school must pay at least once per term (semester, trimester, or quarter).

What disqualifies you from FAFSA? ›

Incarceration, misdemeanors, arrests, and more serious crimes can all affect a student's aid. Smaller offenses won't necessarily cut off a student from all aid, but it will limit the programs they qualify for as well as the amount of aid they could receive. Larger offenses can disqualify a student entirely.

What is the 150 rule for financial aid? ›

Financial Aid recipients will be terminated upon reaching 150 percent of the number of credits needed to complete their degree, diploma or certificate program. This regulation applies to all students, including those that have not previously received financial aid.

Can I spend leftover FAFSA money? ›

Any money left over is paid to you directly for other education expenses. If you get your loan money, but then you realize that you don't need the money after all, you may cancel all or part of your loan within 120 days of receiving it and no interest or fees will be charged.


1. Extended Understanding The College & Financial Aid Process In 2020 Webinar w/ baby cameo
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