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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
- Make satisfactory academic progress as outlined in policy
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 2021-22 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 2021-22 FAFSA is currently available. The 2022-23 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 MyYC, Students, and My Financial Aid. From there you can check for any additional, required documents, complete a YC Foundation Scholarship and view your Financial Aid Overview.
- The 'Financial Aid Overview' is where you may view your awards, enrollment details and satisfactory progress information.
- The award amount is disbursed after the add/drop period is over for the term or part of term you are enrolled in. It is applied to any outstanding charges you may still owe the college; any remaining balance at the time will be refunded to the student.
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 66.67% or greater; Maximum time frame of 150% for completion of a degree or certificate. SAP is calculated 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 during the time the credits were taken. Please visit the Financial Aid website at: www.yc.edu/v6/financial-aid/policies.html for more detailed information.
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. We suggest that you contact Financial aid prior to withdrawing to see what affect your withdrawal may have on aid already received.
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