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Rockford, Illinois

Important Information

FA101

 

Satisfactory Academic Progress Policy- This form explains in detail the academic standards all financial aid recipients must maintain in order to receive future aid, as well as the applicants rights and responsibilities.

Important Information 2014-2015- This page lists important information regarding financial aid and financial aid recipients.

Cost of Attendance- This page breaks down the cost of attendance for independent and dependent students who attend Rock Valley College.

Tax Transcript Request Procedures- The Department of Education now requires that students (and parents) use the IRS Data Retrieval Tool to transfer tax data to the FAFSA, or provide the school with a copy of the IRS Tax Return Transcript. This page includes instructions on how to use the IRS Data Retrieval Tool and how to request a copy of your IRS Tax Return Transcript.

Financial Aid Refund Calculation Sheet- This form shows students, step- by step, how to calculate their financial aid refund.

Scholarships- This sheet has tips for applying for scholarships and websites to use to find scholarships.

Financial Aid Resources and Websites- A list of websites with good tools, resources, and information involving paying for college and much more.

PELL/MAP/SEOG Disbursement Dates

NOTE: Once Grants have been applied to your account, it may take up to two weeks for refund checks to be mailed.

PELL/MAP Grant
SEOG Grant
Summer 2015
Summer 2015
1st: Week of July 13th
None
2nd: Week of July 27th
None
Fall 2015
Fall 2015
1st: Week of September 28, 2015
Same as Pell                             
2nd: Week of November 9, 2015
Same as Pell
Spring 2016
Spring 2016
TBA
TBA

NOTE: Students who are registered in late starting classes and who are eligible for a PELL/MAP refund will not have funds delivered for these classes until after the class has begun.


Notice of Exceptions

  • Students taking below 100 level classes (MTH 098) MUST also be enrolled in and atending an above 100 level class for financial aid to cover the below 100 level class.
  • Financial aid does not pay for CNA (NAD 101) or the CDL (Truck driving) classes.

Acronyms You Should Know

Below is a list of acronyms to familiarize yourself with specific to Financial Aid and some of the paperwork you will fill out during the Financial Aid process.

AGI Adjusted Gross Income
COA Cost of Attendance
CPS Central Processing Site (Processes the FAFSA's)
CWS College Work Study (aka fws - federal funded work study)
DL Direct Loan
DOE Department of Education
EFC Estimated Family Contribution results of FAFSA
FA Financial Aid
FAFSA Free Application for Federal Student Aid
FWS Federal Work Study
ING Illinois National Guard
ISAC Illinois Student 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 Aid
RVC CWS
RVC funded work study
SAP Standards of Academic Progress
VA Veterans Administration