CONDITIONS / REQUIREMENTS FOR ACCEPTING AWARD FUNDS
Award funds offered in your award letter are tentative. Certain funds required additional processing steps before disbursement. It is your responsibility to complete the process to ensure funds can be confirmed and disbursed to you.
ACG, Cal Grant B, and/or Direct loan - Your academic transcripts from all prior colleges/universities, both in the U.S. and foreign countries, must be submitted to the Admissions’ office. Notify our office upon submitting your transcripts to the Admissions’ office so our office can request them to evaluate your transcripts.
Federal work-study –
You must contact the Student Placement Office,
room U-222 by October 10th, 2012, to arrange for a job
assignment. Bring a photocopy of this
award letter when you visit the Student Placement Office. If you do not contact the Student Placement
Office by October 10th, 2012, we will assume that you have changed
your mind and the FWS award will be cancelled and presented to another student.
Direct Loans –
· If you want to borrow a Student loan, you must
pick up a loan packet and sign up for a loan workshop at the financial aid
office (for returning borrowers, please see our website for more
information). Before coming to the
workshop, you must complete the Master Promissory Note (MPN) on-line. At the workshop, you will be asked to
complete an Entrance Counseling with the Department of Education. Your
electronic MPN and Entrance Counseling must be on file in the financial aid
system before your student loan(s) can be originated and disbursed. Loan amount will be divided in two checks
each semester. Late applicants may receive one combined check for two
disbursements. An Exit Counseling is
required before we disburse the second part of your loan. Entrance/Exit
Counseling and MPN must be done online at www.studentloans.gov. The Dept. of Ed will notify us upon your
completion. If we do not receive all
required documents for loan processing by November 30th, 2012, we
will assume that you have changed your mind and the Direct Loans will be
SATISFACTORY ACADEMIC PROGRESS (SAP) POLICY
Students who do not meet the minimum SAP standards will lose their eligibility for financial aid
. The complete SAP policy can be found on the financial aid page at www.sac.edu.
RETURN OF TITLE IV FUNDS
Federal regulations require that
a student must pay back part or all of their financial aid received if a
student withdraws from all or part of
their classes before November 2nd, 2012 for the fall 2012 semester
and April 12th, 2013 for the spring 2013 semester. Please make an appointment with a financial
aid advisor if you are considering dropping all of your classes.
RELEASE OF INFORMATION
The Family Educational Rights and Privacy Act (FERPA) provides students certain rights regarding their educational records, including information on the student’s financial aid application. As a rule, the RSCCD Financial Aid Offices cannot release information to anyone other than the student. If you want RSCCD to release information to someone else, please visit our Financial Aid Offices and request a Student Authorization Release Form. You must present your Student ID, current California ID, or California Driver’s License to make this request.
If you have any questions, please contact the Santa Ana College Financial Aid Office at (714) 564-6242.