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Financial Aid

Financial Aid Information

1. FINANCIAL AID FORMS

    FAFSA = FREE APPLICATION FOR FEDERAL STUDENT AID

  • Mandatory application for federal and state aid
  • No cost to apply (includes submitting information to six schools of your choice)
  • For public and private schools
  • Filing period Begins January 1 

    CSS PROFILE = REQUIRED FORM FOR SOME PRIVATE COLLEGES

  • Connect to the College Board Online at http://student.collegeboard.org/css-financial-aid-profile and you can complete the application on the World Wide Web. You must have a valid credit card to apply online.
  • CSS will send you an acknowledgment after processing your application.
  • GPA VERIFICATION
  • This is the application used for the CAL GRANT (A, B and C)
  • Use for public and private schools
  • To be eligible for a Cal Grant, students must have their Social Security Number on file at RBV. Our data processor will submit the required Cal Grant GPA Verification for all seniors. It is imperative, therefore, that Social Security Numbers are correct.

     INSTITUTIONAL FORM

  •  Supplementary form required by some colleges and universities
  •  Filed in addition to the FAFSA and CSS Profile

2. TERMS

     FAMILY CONTRIBUTION

  • Money a family is expected to pay
  •  Remains constant regardless of cost

     GRANT

  • Money provided that does not have to be repaid

     WORK STUDY

  •  Campus job to defray school costs

     LOAN

  • Low, simple interest student loans are available which do not have to be repaid until six months after the student completes school
  • Loans are also available from lending institutions and the federal government, for example, at various rates and payback plans

3. TYPES OF FINANCIAL AID

     FEDERAL (PELL GRANT)

  •  Does not have to be repaid
  •  For undergraduates with exceptional need
  •  Everyone who completes a FAFSA form will be evaluated for eligibility

     STATE (CAL GRANT) – www.calgrants.org

Cal Grant A

Entitlement awards can be used for tuition and fees at public and private colleges as well as some private career colleges. At CSU and UC schools, this Cal Grant covers systemwide fees up to $5,472 and $12,192 respectively. If you are attending a private college, it pays up to $9,708 toward tuition and fees. To get this Cal Grant, you need to be working toward a two-year or four-year degree.

Cal Grant B

Entitlement awards provides low-income students with a living allowance and assistance with tuition and fees. Most first-year students receive an allowance of up to $1,551 for books and living expenses. After the freshman year, Cal Grant B also helps pay tuition and fees in the same amount as a Cal Grant A. For a Cal Grant B, your coursework must be for at least one academic year.

Cal Grant C

Awards help pay for tuition and training costs at occupational or career technical schools. This $576 award is for books, tools and equipment. You may also receive up to an additional $2,592 for tuition at a school other than a California Community College. To qualify, you must enroll in a vocational program that is at least four months long at a California Community College, private college, or a career technical school. Funding is available for up to two years, depending on the length of your program.  

     LOCAL (SCHOLARSHIPS)

  •  A large variety of scholarships are available based on need and/or merit
  •  Advertised in Naviance

     SCHOOL-BASED

  •  Colleges and Universities offer their own financial awards based on merit and/or need
  •  Check with college Financial Aid Office for details

4. NOTIFICATION OF AWARD

  •  Verification of data arrives in February – March
  •  Financial Aid award arrives in April – May

 

PLEASE REMEMBER TO FILE ALL FORMS ON TIME AND KEEP COPIES!

(Cal Grant information provided by the California Student Aid Commission)

Steps to filling out your FAFSA

FAFSA = FREE APPLICATION FOR FEDERAL STUDENT AID
 
•Mandatory application for federal and state aid
•No cost to apply (includes submitting information to six schools of your choice)
•For public and private schools
•Filing period Begins January 1
 
Step 1: Create a FSA ID - www.fafsa.ed.gov
 
If you plan to submit your FAFSA online, you (and one of your parents) can create a FSA ID. With your FSA ID you can apply and “sign” the FAFSA online, check the status of your submitted FAFSA, and make corrections.
 
Step 2: Use the FAFSA on the Web Worksheet - www.fafsa.ed.gov
 
This tool will help you gather the information needed on the official FAFSA.
 
Step 3: Financial Aid Deadlines - http://www.fafsa.ed.gov/deadlines.htm 
 
College and state deadlines tend to be earlier than the federal deadline (many are as early as February or March) and may require an application in addition to the FAFSA. Play it safe—collect these dates and information early.
 
Step 4: Access FAFSA on the Web
 
Complete your FAFSA on the Internet. Apply as soon as you can (after January 1) because funding can be awarded on a first-come, first-served basis.
 
 
More Information About FAFSA - http://studentaid.ed.gov/
 
Learn more about applying to schools, exploring careers, types of financial aid, qualifying for financial aid, how it is calculated, prepare for college, and much more.

California Dream Act

The California DREAM Act of 2011 is the result of two bills, Assembly Bill 130 (AB 130) and Assembly Bill 131 (AB 131). Together, these bills allow undocumented and documented students who meet certain provisions of AB 540 to apply for and receive Cal Grants and Board of Governor's Fee Waivers at community colleges as well as institutional aid at California colleges and universities.
 
For comprehensive information about the California DREAM Act, including access to the application materials, important dates, and instructions, please visit http://www.caldreamact.org