Things You Must Know About Educational Funding. Satisfactory Academic Progress Policy

These pages includes essential things you should know about educational funding, including some helpful resources.

Satisfactory Academic Progress Policy

The Satisfactory Academic Progress Policy (SAP) describes at length the educational criteria all educational funding recipients must maintain to be able to get future aid, along with the candidates liberties and obligations.

Expense of Attendance

Our price of Attendance document reduces the price of attendance for separate and students that are dependent attend Rock Valley university.

Tax Transcript Request Procedures

The Department of Education now requires that pupils (and moms and dads) utilize the IRS information Retrieval Tool to move income tax information into the FAFSA, or supply the college with a duplicate regarding the IRS Tax Return Transcript. This document includes directions on the best way to utilize the IRS information Retrieval Tool. You can request a copy of your IRS Tax Return Transcript if you are unable to use the IRS Data Retrieval Tool.

Educational Funding Refund Calculation Sheet

This kind will highlight, move- by action, just how to determine your aid that is financial reimbursement.

School Funding Online Resources

Department of Education Websites

These websites may help with home elevators using and educational funding in general:

FAFSA: the web site you employ to use for FAFSA (federal school funding). Absolve to use.

FSA ID: this amazing site will assist you to when you have issues with your FSA ID (the FSA ID is needed to signal your FAFSA).

Federal scholar help: Detailed details about all types of school funding.

Scholarship Web Sites

Fastweb: Includes scholarship search as well as other aid information that is financial.

Scholarship America: A scholarship search web site.

Rockford Public Library: school funding information and scholarship search.

Planning and investing in university

university Affordability Center: Helps you compare universities therefore the costs of these universities.

CollegeZone: information regarding preparation and having to pay for university.

Mapping your own future: information regarding planning and investing in university. Information regarding preparation and paying for university.

The Mint Grad: Provides tools for pupils and graduates that are recent prepare and achieve

Department of Education Web Sites for Figuratively Speaking

Pupil Where you finish your counseling that is online, keep an eye on your loan information, and join payment.

NSLDS: helps maintain track of all of the of the federal student education loans

Complimentary Tools and Apps for College and Finances

Mint: complimentary website and application that assists you spending plan and organize your records and investing.

NerdScholar: Compare schools, free scholarship search, FAFSA assistance, job assistance, spending plan and finance assistance, education loan assistance.

Calculated PELL/MAP/SEOG/Scholarship Disbursement Dates

NOTE: The times listed here are calculated disbursement times and don’t mirror the dates that are actual will receive your Financial help Refund or refund checks. When Grants have already been put on your account, it may occupy to two weeks for reimbursement checks become mailed.


Fall 2020: Week of September 21

Spring 2021: of February 15 week


Fall 2020: Week of September 21

Spring 2021: Week of February 15

Wondering exactly just exactly how Financial that is much aid may be receiving and exactly how to trace your reimbursement? Make use of your online solutions under “View account and also make re payments” and follow these basic steps.

NOTE: Students who will be registered in late beginning classes and who’re entitled to a PELL/MAP refund will n’t have funds disbursed of these classes until following the course has started.

Notice of Exceptions

If you should be using below 100 level classes (MTH 098), you need to additionally be signed up for and going to an above 100 degree course for school funding to protect the below 100 degree course.

Educational funding will not pay money for CNA (NAD 101), Phlebotomy, or perhaps the CDL (Truck driving) classes.

Acronyms You Must Know

Below is a listing of acronyms to understand specific to school funding plus some associated with the paperwork you certainly will fill in through the educational funding process.

AGI: Adjusted Gross Income COA: Cost of Attendance CPS: Central Processing web Site (procedures the FAFSA’s) CWS: College Perform Study (aka fws – federal funded work research) DL: Direct Loan DOE: Department of Education EFC: calculated Family Contribution link between FAFSA FA: educational funding FAFSA: complimentary Application for Federal scholar help FWS: Federal Perform Study ING: Illinois nationwide Guard ISAC: Illinois scholar Assistance Commission ISIR: Institutional Student Information Record IVG: Illinois Veteran Grant MAP: Monetary Award Program NSLDS: National Student Loan Database R2T4: Return of Title IV help RVC CWS: RVC funded work research SAP: guidelines of Academic Progress VA: Veterans management

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