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Financial
Aid
Application Procedures
•
Complete the Free Application for Federal Student Aid
(FAFSA). Mail in envelope attached to form. You can
also apply over the Internet at http://www.fafsa.ed.gov
instead of using the paper form. A personal identification
number (PIN) may be used instead of sending a signature
page when applying over the internet.
•
Submit all pages of the Student Aid Report (SAR), which
you will receive four to six weeks after mailing the
FAFSA. Review it for accuracy and call the financial
aid office to see if additional information is needed.
The SAR is required to determine eligibility for all
federal programs and some state/school programs.
•
If you are selected for verification, you must provide
additional information to the school aid office. This
may include tax forms, social security statements, TANF
statements, and worksheets as necessary. Submitting
this information in a timely manner will prevent delays
in receiving aid. Please note that all documents must
be signed. Duplicates of documents will be made in the
Financial Aid Office. The original will be returned
to the applicant.
•
Once your Financial Aid Package has been determined,
you will receive your award letter in the mail if you
have received aid at Craven Community College in the
past. Your award letter must be signed and returned
to the Financial Aid Office before pre-registration/
registration. If you are a first time student at the
college, you will receive a letter notifying you to
attend a workshop to receive and sign your award letter.
Students not eligible for aid will receive a notification
of evaluation.
Deadlines
Applications
that are completed by June 1 will have priority on aid
funds for the following year. A completed file consists
of the Student Aid Report, completed admissions requirements
for Craven Community College, and any additional documentation
required by the aid office. Applications for financial
aid that are completed and received before March 31
of each year will be given priority consideration. This
means that you are assured of your share of available
funds. To be considered for the North Carolina Student
Incentive Grant (NCSIG), your FAFSA must be mailed to
the processor by March 15. Students with an incomplete
aid application file will be expected to pay tuition
and book costs on the day they register for each semester.
NOTE: Students must reapply each academic year for financial
aid.
Scholarships
established by private contributions from individuals,
business organizations, and clubs provide aid to students
who meet specific donor criteria. Students interested
in scholarships should contact the Financial Aid Office
for appropriate applications and deadlines. (See Scholarships,
page 10.)
Eligibility
Requirements
In
general, a student is eligible to apply for financial
assistance if the following requirements are met:
• Student must be a United States citizen or an
eligible non-citizen.
• Student must be enrolled as a regular student
in an eligible course of study. Student must maintain
satisfactory academic progress as defined by the Craven
Community College Financial Aid Office.
• Student must demonstrate a financial need according
to each program’s criteria and must complete necessary
forms.
• Student must not owe a refund to the Pell Grant,
SEOG, or NCSIG nor be in default of any student loan.
• If a student is a male born on or after January
1, 1960, or at least 18 years of age and not currently
a member of the U.S. Armed Forces, he must be registered
with selective service. Student must sign a certification
of registration, and he may be required to prove that
he is registered.
• Student must have a Social Security number.
• Student must have a high school diploma or a
GED.
Dependency
Status
When
you apply for federal student aid, your answers to certain
questions will determine whether you are considered
dependent on your parent(s)--and must, therefore, report
their income and assets as well as your own--or whether
you are independent and must, therefore, report only
your own income and assets (and those of your spouse,
if you are married).
Students
are classified as dependent or independent because federal
student aid programs are based on the idea that students
(and their parents or spouse, if applicable) have the
primary responsibility of paying for their postsecondary
education.
You
are an independent student if at least one of the following
applies to you:
• you were born before January 1, 1981
• you are married
• you are enrolled in a graduate or professional
educational program
• you have legal dependents other than a spouse
• you are an orphan or ward of the court (or were
a ward of the court until age 18)
• you are a veteran of the U.S. Armed Forces
If
you consider yourself to be an independent student but
you do not meet any of the above conditions, you must
make an appointment with the Financial Aid Director
to discuss your situation.
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