Financial Aid is awarded first with need based grants. Need based grants will not exceed the student’s unmet financial need.
RVCC Scholarships are awarded on a rolling basis once grades for the prior semester have been calculated and will
be awarded until funding is exhausted. Student loans are awarded to eligible students who request them.
Due to RVCC’s relatively low tuition and fees the financial aid office will wait until a student has registered
for classes and requests a loan before awarding one. Federal work study is awarded to eligible students once they
have found placement.
Financial need is determined by subtracting the
Expected Family Contribution (EFC), as determined by the
FAFSA,
from the Cost of Attendance (COA) determined by the college.
Your financial aid will be awarded based on the enrollment status
you select on the FAFSA.
After the 10th day of class, your COA will be adjusted if
your actual
enrollment status is different from the status listed on the FAFSA.
Your initial Financial Aid Award Letter - we will refer to this as your Award Letter - will be mailed to your home address once
we have made our preliminary determination of your financial aid. We may request additional documents in your
Award Letter in order to
complete processing of your financial aid.
Your original Award Letter will be based on full time enrollment. After the tenth day of the semester we will adjust your financial
aid status if your enrollment is less than full time. If you know that you will be less than full time, please notify our office once
you have determined your schedule and we will update your award for you.
As changes are made to your financial aid you will receive a revised Award Letter in the mail. You can also check your financial
aid status on line through Lion's Den at any time. The Student Services Tab in
the Lion's Den will show you your awards for the year as well as any outstanding
documents. Using the 'Account Detail for Term' link will show you how your financial aid has been applied to your current term bill.
If you have been awarded any form of financial aid and have registered for classes you will not be dropped for non-payment.
Once you register, the financial aid office will run a process nightly that "memos" your financial aid on to your student account. This
memo will let you, and the Finance Office, know how much financial aid you are receiving for the semester and if you are eligible for
a refund and/or book voucher.
Financial Aid will be disbursed directly to your student account in the middle of October for the Fall semester and at the
beginning of March for the spring semester. Please click here for more information about Summer financial aid.
Your financial aid will be disbursed based on your eligibility at the time
of disbursement. If you drop or add a course your financial aid may be increased
or reduced.
If you withdraw from a course after the beginning of the semester your financial aid may be reduced or cancelled.
For example, you must be enrolled for at least six (6) credits at the time
of disbursement in order to receive your loan. Similarly, your eligibility for
full or part-time
TAG will be assessed at the time of disbursement.
Warning: You must begin attending each class as of the first day. If you decide you will NOT attend a
class, you must drop the class prior to the
refund period or you will still be charged the tuition and fees associated
with the course(s). If you do not attend class, or your eligibility for financial aid changes
you would then be responsible for the charges on your student account.
If the financial aid is more than the charges owed, the remainder or, “credit balance” will be issued to you in
the form of a check. The Finance Office will mail your check to your address listed in Lion's Den approximately one week
after the funds are credited to your account. Make sure you check the address listed on your Lion's Den account and update
it if necessary.
To determine if you may be eligible for a financial aid refund, subtract your
tuition and fees, and the amount of the book
voucher that you used from your financial aid award.