2019-20 Catalog 
    
    Sep 21, 2019  
2019-20 Catalog

Financial Aid


Types of Aid

Our Financial Aid Office offers many opportunities from a variety of sources to help our students with their educational expenses. Federal aid from the Department of Education, like the Pell Grant, is the greatest source of aid. In addition, Yavapai College offers scholarships (separate application required). Details about federal and state aid, and YC Institutional and Foundation Scholarship programs can be found on the web at www.yc.edu/financialaid.

Ways to classify different types of financial aid:

Financial Aid you don’t have to repay:

  • Federal and State Grants
  • YC Institutional Scholarships
  • YC Foundation Scholarships
  • Private and Corporate Scholarships
  • Student Employment
  • Native American Tribal Grants
  • Veteran’s Education Benefits

Financial Aid you do repay:

  • Federal Subsidized and Unsubsidized Direct Student Loan
  • Federal Direct Plus Parent Loan for Undergraduate Students
  • Interest-free Online Payment Plan
  • Private/Alternative Student Loans

 

General Eligibility Requirements for Federal Financial Aid

Eligibility requirements necessitate that you:

  • Be a U.S. citizen or eligible non-citizen with a valid Social Security Number
  • Demonstrate that you are qualified to obtain a post-secondary education by having a high school diploma, a General Education Development (GED) Certificate or home-schooled completion equivalent
  • Enroll in an eligible program as a regular student seeking a degree or certificate
  • Register (or have registered) with the Selective Service if you’re a male between 18 and 25
  • Be making satisfactory academic progress
  • Cannot be convicted of a drug related felony while receiving financial aid

 

How to Apply for Federal Aid

The college uses the Free Application for Federal Student Aid (FAFSA) as its application for federal financial aid programs.

The Process

  • Apply for a FSA ID at: https://fsaid.ed.gov.
  • Complete and submit the 2018-19 FAFSA (to the Department of Education). It’s available online at www.fafsa.ed.gov.  Be sure to include the Yavapai College code: 001079. The 2019-20 FAFSA will be available after October 1.
  • Check your YC email frequently. You will be notified by email when we receive your FAFSA results instructing you to check your eligibility requirements by logging into the YC website, clicking on My Services, Students, and My Financial Aid.
  • Have an award posted stating how much aid per semester, if any, that you will receive.
  • The award amount is applied to any outstanding funds you may still owe the college; you may then receive a disbursement for any remaining credit balance.

 

Satisfactory Academic Progress Required for Federal Aid Recipients

Federal regulations require that financial aid students maintain Satisfactory Academic Progress (SAP) toward an eligible degree or certificate program. SAP Standards include: Minimum cumulative grade point average of 2.0; Rate of Progression 66% or greater; Maximum time frame for completion of a degree or certificate. SAP is reviewed at the end of each semester to determine financial aid eligibility for the upcoming semester. SAP is evaluated on a student’s entire academic history regardless of whether financial aid was received elsewhere. Please visit the Financial Aid website at: www.yc.edu/v6/financial-aid/policies.html.

 

Withdrawal/Repayment Policy for Federal Financial Aid Recipients

Students who withdraw from ALL of their classes will have their financial aid reevaluated to determine the amount of aid that has been earned, and any unearned aid will be required to be paid back. Please note that this repayment calculation will be determined for students who follow official withdrawal procedures as well as for students who stop attending classes. For further details consult your financial aid advisor and/or the Withdrawal/Repayment Policy for Federal Financial aid at: www.yc.edu/v6/financial-aid/policies.html.