Financial Aid Policies + Disclosures
In order to comply with federal, state and institutional regulations and guidelines, the Contra Costa College Office of Student Financial Assistance has developed the following policies that apply to all students receiving financial assistance. It is important that each student receiving financial assistance has read and understood these policies.
New Financial Aid Regulations
The laws that govern financial aid eligibility are based on the federal and state government. Because these regulations are always changing, this section is meant to keep the students of Contra Costa up-to-date on financial aid regulations that may affect them now and in the future!
Fall 2016 BOG Fee Waiver Changes: Beginning in Fall 2016, students must meet minimum academic and progress standards to avoid losing eligibility for the BOG Fee Waiver program. Learn more.
Early FAFSA and Prior-Prior Year: Beginning with the 2017-2018 FAFSA, the application will become available early! Instead of waiting until January to apply, students can start applying in October 2016. Also, instead of using income information from the prior tax year, you will use income information from the “prior-prior” tax year. That means for your 2017-2018 FAFSA, you will use tax information from 2015. But don’t be confused! Watch some videos that help explain it all.
Pell Grant Lifetime Eligibility Limit: Effective July 1, 2012, a student may receive the Pell Grant for up to 12 full-time semesters, or six full-time academic years. This includes all years in which the student has received Pell Grant. Once a student has received 12 full-time semesters of Pell Grant, the student will no longer be eligible for Pell Grant for any future semesters. Any semesters in which the student was not enrolled full-time will be prorated.
High School Graduation and Ability to Benefit: Students who enroll in an eligible higher education program for the first time on or after July 1, 2012, and do not have a high school diploma or recognized equivalent (GED, CHSPE), are ineligible to receive student aid. Only students who were enrolled in eligible programs prior to July 1, 2012, and do not have a high school diploma or recognized equivalent remain eligible to qualify under the Ability to Benefit (ATB) provisions. ATB provisions provide the option for the student to pass an independently administered ATB test or successfully complete at least 6 credit hours of postsecondary education to qualify for student aid. If you feel that you may qualify under the ATB provisions, please contact the Office of Student Financial Assistance for more information.
150% Direct Subsidized Loan Limit: The Moving Ahead for Progress in the 21st Century Act, MAP-21, added a new provision that limits a first-time borrower’s eligibility for Direct Subsidized Loans to a period not to exceed 150% of the length of the borrower’s educational program. Borrowers who exceed the 150% limit will lose eligibility for future Subsidized loans and the interest subsidy on any existing Subsidized Loans. For more information on this new regulation, click here.
Cal Grant Disclosure
CAL GRANT QUALIFYING INSTITUTION DISCLOSURE
Per California Assembly Bill (AB) 2086, the following information is made available to provide access to California license examination passage rates for graduates of Contra Costa College programs that require California licensure. Data will continue to be updated as California licensing and/or regulatory agencies make the data electronically available. Learn more at the websites listed below.
Blackboard Pay Cash Management Reporting
In accordance with U.S. Department of Education regulations governing Title IV disbursements, the institution is required to disclose the following information regarding our contract with Blackboard Pay:
|2017-2018 Award Year – Blackboard Pay|
|Number of Active Cards*||1,162|
|Mean of Fees Charged to Cardholders||$14.06|
|Median of Fees Charged to Cardholders||$2.50|
|Monetary/Non-monetary payments/receivables by Parties under the Blackboard Contract||$18,480.15|
*Active cards are defined as any account that had a deposit transaction within the award period regardless of enrollment status.
References and Resources
Federal Student Aid: Visit www.studentaid.ed.gov or call 1-800-4FEDAID.
Cal Grant: Create an account at mygrantinfo.csac.ca.gov.
Federal Student Loans: Visit www.studentloans.gov.
National Student Loan Data System: Check your existing loan balance information at www.nslds.ed.gov.
Debt Resolution Services: If you owe a defaulted loan or financial aid repayment, visit myeddebt.ed.gov or call 1-800-621-3115.