Financial Aid

Financial Aid

Questions about Financial Aid,
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Financial Aid TV

Purpose

The purpose of all financial aid awarded at Craven Community College is to provide monetary assistance to students who, without the receipt of aid, would be unable to begin or continue their studies at this institution.

Video: What is Financial Aid?


Financial Aid Application Procedures

FAFSA Day

FASFA

Complete the Free Application for Federal Student Aid (FAFSA). You can apply over the Internet at http://www.fafsa.ed.gov . Also a form may be completed and downloaded from http://www.fafsa.ed.gov to mail. A personal identification number (PIN) may be used instead of sending a signature page when applying over the Internet.

Video: What is the FAFSA?

The Student Aid Report (SAR) will be mailed to you 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 submitted the FAFSA electronically, once you receive notice from the Department of Education that they have processed it, (usually 8-10 days) contact the Financial Aid Office to see if additional information is needed.

Verification

If you are selected for verification, you must provide additional information to the Financial 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.

Video: How are students chosen for verification?


Assisting a Student

NOTE: 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 a postcard or letter to do an online financial aid workshop. Once you have completed this workshop, your award letter may be viewed on WebAdvisor. Students not eligible for aid will receive a notification of evaluation.