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Current additions and corrections are marked with this "Revised" icon and displayed in RED text. |
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Items marked with this "Fall 2004" icon are effective Fall '04. |
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Financial Aid |
Requirements
Minimum Satisfactory Cumulative Grade Index
Financial Aid Programs
Financial aid is any grant, scholarship, loan or paid employment offered for the express purpose of assisting students in meeting their educational expenses. Financial aid at CCRI is specially designed to help those students whose limited financial resources would seriously jeopardize their ability to begin or continue their college careers. Students must be enrolled in an eligible degree or certificate program before the add period for the semester for which aid is requested and must maintain registration and a satisfactory level of progress to receive Federal aid.
CCRI has academic standards consistent with Federal Guidelines concerning the satisfactory academic progress of students receiving financial aid. Financial aid recipients must meet the following requirements:
Students in degree programs may receive financial aid for not more than a total of six full time semesters, or its equivalent or program completion, whichever comes first. For most students the 150 percent completion time frame is 90 credits. Certificate programs vary; contact Financial Aid.
Students who do not compile a cumulative grade index as indicated below will not be eligible to receive financial aid the following semester:
The criteria for good academic standing will be reviewed each semester and is subject to change.
All attempted credits (includes transfer)
0-15 credits 1.25 cumulative index
16-30 credits 1.50 cumulative index
31-45 credits 1.75 cumulative index
46-90 credits 2.00 cumulative index
A student must satisfactorily complete a minimum of 66 percent or more of his/her attempted credit hours per semester as well as cumulatively over the entire period of matriculation. Completion is defined as obtaining a grade of A, B, C, D, S or P.
Students suffering a loss of financial aid due to unsatisfactory academic progress may appeal. Instructions for the appeal process are available from Financial Aid. Appeals must be submitted within two weeks of notification to the Financial Aid Application Committee.
Students not meeting the standards required to receive aid may attend classes at their own cost. Students will be considered for aid again when their cumulative index and completion ratio meet the established standard.
Financial aid policy allows students who otherwise are making academic progress the opportunity to repeat a required course once if the first grade received is withdrawn or failing. Policy does not allow students to utilize financial aid for audited courses. Financial aid policies are subject to change based upon federal regulations. Contact the Financial Aid Office for details.
CCRI utilizes the Free Application for Federal Student Aid (FAFSA). In addition, tax returns, the College's in-house application and possibly other forms will be required as documentation to complete a student's file. Financial need is determined by the results of this process.
For fall semester attendance, the College requires all students to submit a completed FAFSA listing CCRI as a recipient so that it is received by the processor no later than March 1 of each year. All requested information for the student’s financial aid file must be completed no later than May 1 each year. Spring semester applicants must complete files no later than September 1. Any students completing their file after these dates will be considered late applicants and are responsible for their bills. If eligible for financial aid and all requirements have been met, reimbursement will be made. Applicants may obtain the form by contacting the Financial Aid Office. Due to the large number of eligible students, it may not be possible to give the full consideration of all financial aid programs to those who file late applications.
Students should remember that the purchase of textbooks will be a necessary expense.
To qualify, your financial aid file must be complete prior to the end of the last day of classes for the semester attended.
Federal Pell Grants – The Federal Pell Grant is available to needy students through the federal government. Grants range from $400 to $3,750, depending upon eligibility and enrollment status.
Federal Supplemental Education Grants – Available primarily to students eligible for Pell and demonstrating exceptional need.
CCRI Grants – awarded to needy students and financed through institutional funds. Generally, CCRI Grants are distributed in accordance with the need guidelines as established by the federal government. Students who have an extraordinary circumstance may make written appeal to the financial aid professional staff. Financial aid officers will evaluate the particular situation that is outlined in the written appeal and recommend to the Assistant Dean of Enrollment Services and the Associate Dean of Enrollment Services a disposition of the appeal.
Scholarships – The CCRI Foundation assists incoming, continuing, and graduating/transferring students in meeting their financial needs through its scholarship and loan programs. Over 40 scholarships, which are both need-based and/or merit-based, are awarded to deserving students each year by the Foundation. Detailed information about each scholarship and applications can be obtained in the Learning Resource Center at any campus or CCRI's Web page at www.ccri.edu.
Other Financial Aid – in the form of grants and scholarships includes those awarded through the Rhode Island Higher Education Assistance Authority (Rhode Island State Grant).
Work Programs – Students who exhibit financial need may also be offered financial aid in the form of employment under the Federal College Work-Study Program. Eligible students may be placed in part-time positions on campus or in non-profit organizations in the community. CCRI’s Federal Work-Study Program seeks to offer students relevant work experience while helping them to defray some of the cost of education.
(STEP) State Targeted Employment Program –Eligible students may be placed in part-time positions on campus or in state (off campus) agencies. Students must exhibit financial need. This program is contingent upon funding.
(RIWOP) Rhode Island Work Opportunity Program – Students must exhibit financial need to work. This program is contingent upon funding.
Student Help– Students who aren't eligible for need based work may be considered for the Student Help Program which is financed through institutional funds.
Loan Programs – In cases where a student’s need cannot be met with other forms of financial aid, a Federal Stafford Loan may be recommended. Such loans enable a student to borrow directly from a local bank in order to finance educational expenses. Eligible students may qualify for federal interest benefits and may not be required to repay the loan until such time as they complete their education or leave school. Loans are repayable according to a payment schedule arranged by the lending institution.
Unsubsidized Federal Stafford Loans and Federal Parent Loans for Undergraduate Students (FPLUS) are available to students who are ineligible for need-based assistance. Loan applications are available from the lender of choice.
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Current additions and corrections are marked with this "Revised" icon and displayed in RED text. |
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Items marked with this "Fall 2004" icon are effective Fall '04. |
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