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FINANCIAL Aid Eligibility Six Common Questions

1. Do I have to be a full-time student to qualify for financial aid?

Students must be enrolled in 6 credit hours or more (half-time or greater) to be eligible for federal student loans. Rio students often stagger the start dates of their classes. For purposes of financial aid, eligibility is determined by the actual number of credits in which a student is enrolled during the academic term. The class start dates must fall within the start and end of the standard academic term in order to be counted.

4. If I have defaulted on a prior student loan, am I eligible for financial aid?

A student with a defaulted loan is not eligible to receive Title IV federal student aid (grants and loans among other programs) unless the defaulted loan is resolved with the U.S. Department of Education. When applying for financial aid, students with a prior default must provide Rio’s Financial Aid Office with documentation that their eligibility to receive Federal Student Aid has been reinstated.

2. Will my financial aid eligibility change if I 5. What is a book voucher and is it a good withdraw from one or more of my classes? option for me? It can. Financial aid eligibility is based, in part, on a student’s academic performance during an academic term. Withdrawing from one or more of your classes could affect your academic eligibility to receive financial aid in the future, so be sure to check into this if you consider withdrawing from any of your classes.

3. If I owe a prior balance, am I eligible for financial aid?

Yes, but in order to register for classes and receive financial aid, students must resolve outstanding balances from any prior term owed to any college of the Maricopa Community College District including Rio Salado.

The book voucher allows students to purchase textbooks prior to the disbursement of their financial aid. As long as the student’s anticipated financial aid is enough to cover tuition and fees, academically-eligible students who qualify for financial aid can receive a book voucher after they have submitted all required application documents to Rio’s Financial Aid Office.

6. When will I receive financial aid disbursement?

Rio Salado College disburses financial aid funds to eligible students’ accounts once the drop/add period has ended and once grades for all prior classes have been posted.

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U at Rio Salado College Magazine  

Rio Salado proudly introduces our new publication U @ Rio Salado Magazine. The publication is your compete guide to the Rio Salado community...

U at Rio Salado College Magazine  

Rio Salado proudly introduces our new publication U @ Rio Salado Magazine. The publication is your compete guide to the Rio Salado community...

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