2023-2024 Yavapai College Catalog 
    
    Apr 16, 2024  
2023-2024 Yavapai College Catalog [PREVIOUS CATALOG YEAR]

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 Student
  • 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 school completion equivalent.
  • Enroll in an eligible program as a regular student seeking a Financial Aid approved degree or certificate
  • Maintain 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. Information from the FAFSA may also be used in determining eligibility for the YC Scholarship or other scholarship or grant programs.

The Process

  • Apply for a FSA ID and Fill out your FAFSA at: www.studentaid.gov 
  • Complete and submit the 2023-24 FAFSA (to the Department of Education). It's available online at www.studentaid.gov. Be sure to include the Yavapai College code: 001079.
  • The 2023-24 FAFSA is currently available. The 2024-2025 FAFSA will be available in the Fall of 2023 or early in January 2024.
  • 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 application and view your Awards.
  • The 'Financial Aid Overview' is where you may view your awards, enrollment details and satisfactory progress information.
  • The award amounts are 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. Original award amounts are based on a full time student enrollment assumptions.  Awards may be adjusted based on your actual enrollment in courses pertaining to your degree (CPOS) or certificate. Please note that enrollment in part of term classes or short term classes may affect your Financial Aid award and refund timelines. Check with your Financial Aid Advisor if you have questions.

 

Satisfactory Academic Progress Required for Federal Aid Recipients (SAP)

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 within a 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, and information about our SAP appeal proces.

 

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.