FREQUENTLY ASKED QUESTIONS

QUICK LINKS TO FREQUENTLY ASKED QUESTIONS (FAQs)
How do I apply for financial aid? What are the current interest rates for federal student loans?
How do I know if I am a dependent or independent student? Do I need to do anything to get my financial aid?
What is Feather River College’s Federal School Code? How do I check the status of my financial aid?
What’s my Cost of Attendance (COA)? My FAFSA was selected for verification; what do I do?
When is the FAFSA due? How do I print my award letter?
Do I have to apply for financial aid every semester? I see my Pell Grant and student loans, but where is my FAFSA money?
How do I get my FSA ID? When does financial aid disburse?
Can I email or fax my financial aid documents? How do I know if I will have a refund check?
Can my parents or another organization call and talk to you about my financial aid instead of me? Do I qualify for in-state residency?
How do I apply/request a student loan? I am an undocumented student; can I still apply for FAFSA?
How does my parent apply for a Parent PLUS Loan? If my parents are undocumented but I am a legal resident, can I apply for the FAFSA?
How much can I borrow in student loans? I am a veteran. What services are available to me?
What’s the difference between a subsidized loan and unsubsidized loan?  

How do I apply for financial aid?

To apply for financial aid, students must complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov. In order for FRC to receive your FAFSA you must add our school to your application using our Federal School Code: 008597.

How do I know if I am a dependent or independent student?

On the FAFSA you will be asked questions to determine your dependency status. In general, you are considered a dependent student UNLESS you:

• Are 24 years old or older as of January 1, 1993
• Are Married
• Are a Veteran
• Have children who receive more than half of their support from you
• Meet other special circumstances (contact financial aid)

What is Feather River College’s Federal School Code?

Our Federal School Code is 008597. You must list our school on your FAFSA application in order for us to receive your application.

What’s my Cost of Attendance (COA)?

The cost of attendance for a student is an estimate of that student's educational expenses for the period of enrollment (semester). These are average expenses at FRC, rather than actual expenses. In order to assist students and parents with making a more informed choice about the Cost of Attendance at Feather River College the following estimated costs have been established. 2016-17 & 2017-18 Cost of Attendance Tables

When is the FAFSA due?

Every state has its own deadline for the FAFSA. Some states and colleges distribute aid on a first-come, first-serve basis, so file as soon as you can after the application opens. In California, the state deadline to file your FAFSA is March 2nd. Don't stress out if you miss this deadline because you can still file your FAFSA for the current academic year up to June 30th.

Do I have to apply for financial aid every semester?

No. The FAFSA application is completed once every academic year. The application is used to determine your eligibility for aid in the fall and spring semesters. Please note, financial aid for summer is determined by how much financial aid you received during the fall and/or spring semesters.

How do I get my FSA ID?

Go to https://fsaid.ed.gov to create the FSA ID. You will need to create a unique User ID and a Password and verify that you are at least 13. You will need to provide your Social Security number, date of birth, and name exactly as it appears on your Social Security card. If you are a dependent student at least one of your parents will also have to get an FSA ID. (If you are applying using email addresses, you and your parents will need separate accounts. You cannot share email accounts for FAFSA purposes.) Need help? Watch this 3 minute video on "How to Create and FSA ID

Can I email or fax my financial aid documents?

Yes. You can scan and email your documents to financialaid@frc.edu. You can also fax your documents to us at 530.283.4659. Important! All documents must be physically signed and dated to be valid. Electronic and/or
digital signatures are not valid.

Can my parents or another organization call and talk to you about my financial aid instead of me?

Yes but, your information is protected by the Family Educational Rights and Privacy Act (FERPA) which prohibits us from releasing any information about you without your written consent giving us permission. If you would like FRC to release your information to someone or an organization, you must complete a 2016-17 and/or 2017-18 Student Information Release (FERPA) form and list the person or agency you want us to release your information to. Note: the form is year specific so be sure to complete the form the correct year you want information to be released. 

How do I apply/request a student loan?

In order to request student loans, the student must obtain a Student Loan Packet to complete. Students can pick one up in our office or send an email to financialaid@frc.edu to have the information emailed to them. Note: if you see a loan on your account but you have not completed the Student Loan Request & Guidelines form, Loan Entrance Counseling and Loan Agreement (Master Promissory Note) you will not receive the loan.

How does my parent apply for a Parent PLUS Loan?

Parents can apply for a Parent PLUS Loan online at www.studentloans.gov. If applying online, your parent will know if they are approved/denied for the loan when they submit the application. Note: if your parent is approved for the PLUS loan they must complete the Direct Parent PLUS Loan Master Promissory Note. In addition, your parent must email our office to request FRC’s Parent PLUS Loan Title IV Authorization form be sent to them. The PLUS loan cannot disburse until this form has been completed and provided to our office. Want to know more? View the Direct Parent PLUS Loan Basics for Parents Guide.

How much can I borrow in student loans?

ANNUAL LOAN LIMITS IN THE DIRECT LOAN PROGRAM

Academic Year

Dependent Students

Independent Students

1st Year Undergrad Annual Loan Limit
(Less than 30 units earned)

Maximum = $5,500
Maximum = $9,500

Subsidized
$3,500

Unsubsidized
$2,000

Subsidized
$3,500

Unsubsidized
$6,000

2nd Year Undergrad Annual Loan Limit
(More than 30 units earned)

Maximum = $6,500
Maximum = $10,500

Subsidized
$4,500

Unsubsidized
$2,000

Subsidized
$4,500

Unsubsidized
$6,000

 

 

 

 

 

 

 

 

 

 

 

What’s the difference between a subsidized loan and unsubsidized loan?

The federal government offers two kinds of student loans. Both have low interest rates and lots of benefits, including the possibility of forgiveness (which means you might not have to pay it all back). The best kind of federal student loan is called “subsidized” because while you are in school the government will pay (or subsidize) the interest on your loan. In other words, if you borrow a $1,000 subsidized loan in your freshman year, you will only owe $1,000 when you graduate. The government only awards “subsidized” loans to students whose FAFSA indicates they need aid to attend their college. But any student who fills out a FAFSA— no matter how wealthy—can take out a federal “unsubsidized” loan. That loan’s interest charge builds up while the student is in school.

What are the current interest rates for federal student loans?
   
Effective July 1, 2016 to June 30, 2017 (2016-17 Academic Year)

Subsidized Loan – 3.76%
Unsubsidized Loan – 3.76%
Parent PLUS Loan – 6.31%

The interest rates effective July 1, 2017 to June 30, 2017 are for loans first disbursed on or after July 1, 2016 and before June 30, 2017. These interest rates are fixed rates for the life of the loan.

Effective July 1, 2017 to June 30, 2018 (2017-18 Academic Year)

Subsidized Loan – 4.45%
Unsubsidized Loan – 4.45%
Parent PLUS Loan – 7.00%

The interest rates effective July 1, 2017 to June 30, 2018 are for loans first disbursed on or after July 1, 2017 and before June 30, 2018. These interest rates are fixed rates for the life of the loan.

You can also review these interest rates on the Federal Student Aid website.

Note: The interest rates for federal student loans are determined by federal law. If there are future changes to federal law that affect federal student loan interest rates, we will update this page to reflect those changes.

Do I need to do anything to get my financial aid?

Possibly. Please check the MyFRC Student Portal, specifically “Financial Aid Status” to see if you have any outstanding student requirements that need to be completed.

How do I check the status of my financial aid?

· Log in to your MyFRC account
· Click on Financial Aid
· Click on Financial Aid Status
· Select Aid Year Fall 2017 – Summer 2018 and click Submit
· Click on Student Requirements to review the requirements for your financial aid

You can also click here for more detailed instructions.

My FAFSA was selected for verification; what do I do?

Check your MyFRC account to see what 'outstanding student requirements' need to be completed. Any forms you need to complete will display as hyperlinks in the portal. Financial aid forms can also be found on our forms page.

How do I print my award letter?

· Go to the MyFRC portal and log in.
· Click on Financial Aid
· Click on Financial Aid Award
· Click Award for Aid Year
· Select Fall 2017 – Summer 2018 and Click Submit

Your award(s) will be displayed on the screen. You can print that page as proof of your financial aid award(s). Not seeing any award(s)? Please check your financial aid status to make sure you have completed all outstanding student requirements. Need help? Use the How to Obtain Your Award Letter instructions.

I see my Pell Grant and student loans, but where is my FAFSA money?

The Free Application for Federal Student Aid is used to determine a student’s eligibility for the following types of aid: Pell Grant, Supplemental Educational Opportunity Grant (SEOG), Work-Study, Subsidized and Unsubsidized Loans. Note: SEOG funds are awarded on a first-come first-serve basis based on availability of funding and need so be sure to file your FAFSA early.

When does financial aid disburse?

Financial aid is disbursed in accordance to our Financial Aid Calendar. Disbursements occur every week after the published dates in our calendar. Please note, your financial aid file must be complete (all outstanding requirements satisfied) to receive a disbursement. In addition, if the amount of aid you are receiving is less than the amount owed, you will not have a refund check. For example, if you receive $1,480.00 in aid but your balance owed at FRC is $2,000.00, after your aid is applied to your account you will have a remaining balance owed of $520.00.

How do I know if I will have a refund check?

Follow the 8 Easy Steps to Check if You Have A Financial Aid Refund Check: Fall 2017 | Spring 2018

· Go to http://www.frc.edu/
· Click on MyFRC
   o Please enter your nine-digit User ID: (900XXXXXX) and your six-digit PIN. First time PIN login is your six digit date of birth (i.e, January 01, 1994 = 010194)
· Click Login
· Click on the “Student” tab
· Select “Student Account”
· Click to select “Account Detail for Term”
· Select a Term: Fall 2017 or Spring 2018 (choose the term you are enrolled for) and click ‘Submit’

You will see information specific to your account. If you see the description “Refund-Automatic” that means a refund has been processed for your account. You will want to look at the Item Date next to Refund-Automatic. Please Note: The Thursday following the item date for the Refund-Automatic entry is the date your check will be available. Refund checks are not available before the Thursday of your disbursement. 

Do I qualify for in-state residency?

Nonresident students seeking eligibility for in-state tuition rates should review our Admissions webpage regarding Residence Determination. Please note: Physical presence within California solely for educational purposes does not allow a student to establish residence, regardless of the length of time present in the state (EC 68043, T5 54022(c).

I am an undocumented student; can I still apply for FAFSA?

No. Unfortunately, undocumented students are not eligible for federal student aid. There are some states, however, that offer grants to undocumented students, like California and Texas. In California, undocumented students can complete the California Dream Act Application which is specifically designed for undocumented students.

If my parents are undocumented but I am a legal resident, can I apply for the FAFSA?

Yes. Your parents’ citizenship status does not affect your eligibility for federal student aid. In fact, the FAFSA does not ask about your parents’ status. If your parent does not have a Social Security number, you may simply enter all zeroes in the question that asks about their number on the FAFSA. Because your parents don’t have a valid Social Security number, though, they will not be able to create a FSA ID and therefore cannot sign the FAFSA electronically. In this case, you should electronically sign and submit the FAFSA form, then print the signature page so that your parents can sign it. Once they have signed it, you should mail it. Note: It will take longer to process your FAFSA, so plan accordingly.

I am a veteran. What services are available to me?

Financial aid is available for eligible students that apply. Please visit our Veteran Services webpage for more information or come in to the Financial Aid Office to see our Veterans Certifying Officer, Alyia Pilgrim. 

 

Page Last Updated: 11 May 2017 | 10:00 AM (PST)