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- SFA is assistance for students matriculated (formally accepted) in a financial aid eligible program (16 credits or more).
- Students not planning to enroll at least half-time (6 credits) should check with the financial aid office to determine eligibility.
- Eligibility for financial aid is based on the number of credits a student is enrolled in for a particular semester.
- It helps to cover educational expenses, including tuition and fees, room and board, books and supplies, and transportation.
Most aid is need-based, and the four types of aid are Grants, Loans, Federal Work-study and Scholarships. Information and application materials for these programs are available on the Financial Aid webpage or you may contact the Financial Aid Office at 603.542.7744, x5312 or visit http://www.nh.gov/postsecondary/financial/.
In addition to these sources, Financial Aid is sometimes available in the student's hometown. Local agencies often provide low cost loans or scholarships. Listings of such resources are available through high school guidance counselors. New Hampshire Higher Education Assistance Foundation (NHHEAF) has information on other financial sources for New Hampshire residents. NHHEAF can be reached at 1-800-525-2577. For Vermont students, contact Vermont Student Assistance Corporation (VSAC) at 800.822.4166
RVCC's priority deadline is May 1 for the receipt of the following: electronic receipt of the Free Application for Federal Student Aid (FAFSA). Students must also be matriculated (formally accepted) into an eligible degree, certificate or diploma program (16 credits or more).
The Financial Aid Office encourages all students who are interested in receiving aid to apply for admission to RVCC before January 1 to assure timely processing of financial aid awards.
Federal regulations and RVCC policy require that students continue satisfactory academic progress and remain in good academic standing to receive federal or state financial aid.
Federal Student Aid (Title IV)
Federal Pell Grant is a form of financial aid that DOES NOT have to be repaid.
A Federal Law regarding Pell Grants was passed in December 2011 regarding the amount of Federal Pell Grant funds a student may receive over his or her lifetime. Pell Grants are now limited by a new federal law to be the equivalent of six years of Pell Grant funding. Since the maximum amount of Pell Grant funding a student can receive each year is equal to 100%, the six-year equivalent is 600%. How can I see my Lifetime Eligibility Used (LEU) percentage? You will be able to log on to: National Student Loan Data System (NSLDS) Student Access Web site using your Federal Student Aid PIN and view your LEU. The LEU will be found on the Financial Aid Review page.
Amount of actual money received from a Pell Grant is based upon how many credits a student takes per semester. If a student is taking 12 credits or more they are eligible to receive 100% of the grant amount. Should a student take between nine and 11 credits they are eligible to receive 75% of the grant, six to eight credits they are eligible to receive 50% of the grant monies, and one to five they are eligible to receive 25% of the grant. If you are a summer student remaining Pell amount not used will forward to the Spring semester.
Federal Supplemental Educational Opportunity Grant (SEOG) is a form of financial aid that DOES NOT have to be repaid.
Federal Work-Study money is for educational expenses and is paid by the school for on-campus or community-based work. Students receive pay checks as work is completed. Contact the Financial Aid Office if you have been awarded work-study and are interested in participating.
Federal Perkins Loan is a low interest loan available to all CCSNH students who demonstrate financial need.
Federal Direct Loans (DL) are low interest loans and includes: Federal Subsidized Stafford Loans, Federal Unsubsidized Stafford Loans and Federal Parent Loans (PLUS).
- NOTE: As of 2012 - If you receive a subsidized loan you will be responsible for the interest that accrues while your loan is in the six (6) month grace period. You do not have to make payments during the grace period (unless you choose to) but the interest will be added (capitalized) to the principal amount of your loan when the grace period ends. This provision does not eliminate the interest subsidy while the borrower is in school or during eligible periods of deferment.
Return of Federal Title IV funds: As mandated by law, students who withdraw from school before the 60% point in a semester will have to repay a portion or all of their aid (see Financial Aid Student handbook Return of title IV Funds at: http://www.ccsnh.edu/sites/default/files/content/documents/finaiddocuments/2013-2014StudentFinancialAidHandbook.pdf