Federal and State Financial Aid

What is financial aid, exactly? It is any type of funding for college that does not come from personal/family earnings or savings. This includes scholarships, grants, loans, and work-study programs. The information provided below is about what programs are offered on the federal and state levels. We know this can be overwhelming, so please don't hesitate to reach out to our financial aid experts for help.

Federal Financial Aid

Federal Financial Aid programs are funds administered by the U.S. Department of Education. Details concerning these funds may be found at Federal Student Aid or the FAFSA. You may also get information by calling the U.S. Department of Education's toll-free number: 1-800-433-3243 (hearing-impaired individuals may call 1-800-730-8913). Federal Aid Programs are the largest, least restrictive, and most commonly received programs.

The programs that the Office of Financial Aid and Veterans Affairs directly awards to our students are listed below.

A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded usually only to undergraduate students who have not earned a bachelor's or a professional degree. (In some cases, however, a student enrolled in a post-baccalaureate teacher certification program might receive a Pell Grant.) Pell Grants are considered a foundation of federal financial aid, to which aid from other federal and nonfederal sources might be added.

The maximum Pell Grant award for the 2021–22 (July 1, 2021, through June 30, 2022) will be $6,345. The maximum amount can change each award year and depends on program funding. The amount a student may receive, though, will depend not only on their financial need, but also on their costs to attend school, their status as a full-time or part-time student, and their plans to attend school for a full academic year or less.

The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for a FSEOG. Just like Pell Grants, the FSEOG does not have to be repaid.  Each participating school receives a certain amount of FSEOG funds each year from the U.S. Department of Education’s office of Federal Student Aid. Once the full amount of the school’s FSEOG funds has been awarded to students, no more FSEOG awards can be made for that year. This system works differently from the Federal Pell Grant program, which provides funds to every eligible student.

You can receive between $100 and $4,000 a year, depending on when you apply, your financial need, the funding at the school you're attending, and the policies of the financial aid office at the school you choose to attend. 

The Federal Work-Study (FWS) Program is federally funded by The United States Department of Education to provide need-based employment for college students. FWS allows students to work part-time while attending an institution of higher learning. Students must have financial need as determined by the Free Application for Federal Student Aid. If you are interested in applying for the Work-Study program at RCC, please visit our Federal Work Study page.

State Financial Aid

State Financial Aid programs are administered by the College Foundation of North Carolina (CFNC) and the North Carolina State Education Assistance Authority (NCSEAA). Details concerning each of these funds may be obtained from the College Foundation of North Carolina at cfnc.org.

The programs that the Office of Financial Aid and Veterans Affairs directly awards to our students are listed below.

The North Carolina Community College Grant (NCCCG) was created to provide financial assistance to needy North Carolina resident students attending eligible colleges and universities located within the state of North Carolina.

Application: FAFSA

Deadline: End of spring semester or until funds are depleted

Award Amount: Maximum amount is $3,000 per year for 2021-2022. The award amount is determined by cost of attendance, Expected Family Contribution (EFC) from student’s FAFSA results, and enrollment status. The EFC must fall within a range determined by the state of North Carolina each academic year.

Award Note: As of 2016-2017, the NC General Assembly has authorized awarding additional NCCCG funds to students who meet the new “full-time PLUS” enrollment status (enrolled in 15 or more hours for a semester). If enrolled in less than 15 hours, the student’s NCCCG award will be adjusted.

Information: The NC Community College Grant (NCCCG) Program provides grants, which do not have to be repaid, to students who are a US citizen or permanent resident, a North Carolina resident for tuition purposes, demonstrate financial need, meet eligibility requirements and are enrolled in an eligible program at a North Carolina community college.  Students must be enrolled at least half-time (six credit hours or more). These funds are awarded only to undergraduate students who have not earned a bachelor’s or a professional degree.

Lifetime Eligibility: Equivalent of 6 full-time semesters

 

The North Carolina Education Lottery Scholarship (ELS) was created to provide financial assistance to needy North Carolina resident students attending eligible colleges and universities located within the state of North Carolina.

Application: FAFSA

Deadline: End of spring semester or until funds are depleted

Award Amount: Maximum amount is $3,588 per year for 2021-2022. The award amount is determined by cost of attendance, Expected Family Contribution (EFC) from student’s FAFSA results, and enrollment status.  The EFC must fall within a range determined by the state of North Carolina each academic year.

Information: The NC Education Lottery Scholarship (NCELS) Program provides awards, which do not have to be repaid, to students who are a US citizen or permanent resident, a North Carolina resident for tuition purposes, demonstrate financial need, meet eligibility requirements and are enrolled in an eligible program. Students must be enrolled at least half-time (six credit hours or more). These funds are awarded only to undergraduate students who have not earned a bachelor’s or a professional degree.

Lifetime Eligibility: Equivalent of 10 full-time semesters