money matters
TRANSCRIPT
Money Matters
Paying for College
Quick Tips for Financial Success…
• Get Organized—Keep all registration statements and receipts
• Know CCCC’s refund policy• Know all deadlines in the academic calendar• Know your student identification number• Maintain up-to-date contact information with Registrar’s
Office• Regularly check your Cougarmail• Know your college’s resources• Document all conversations with CCCC personnel
(Be sure to get their first and last name, job title, date and topic of conversation)
• When in Doubt, ASK!
Academic Calendar
• Do you know when your payment is due?
• Do you know the last day that you are eligible to receive a 100% refund or a 75% refund?
• Do you know the last day to drop or add classes for the semester?
• Be sure to check out the college’s academic calendar at www.cccc.edu/calendar
Are you officially registered?
• Have you paid your tuition & fees in full?
• Did you enroll in the Deferred Payment Plan?
• Have you submitted a sponsorship and/or scholarship letter?
Are you paying for your tuition?
• We accept:– Cash
– Personal checks
– Money orders
– Credit cards (Visa, MasterCard, Discover, or American Express)
• Payments are accepted:– at each Business Office on Chatham, Harnett, or Lee campuses
– online via WebAdvisor
– by phone at 919.718.7310
• Have you thought about the Deferred Payment Plan?
Deferred Payment Plan
• How does the plan work?
1st Payment25% of Total Balance (Due at time of registration for classes)
2nd & 3rd PaymentsRemaining balance is divided into two additional automatic drafts
• Fall Semester (October 5 and November 5 drafts)
• Spring Semester (March 5 and April 5 drafts)
• Not offered for Summer Semester
• No CASH! Must have a Checking account or Credit/Debit Card
• You may add the cost of tuition and/or books to the plan
• Questions? Contact a representative at 919.718.7356
Sponsorships or Scholarships
• Do you have a third-party agency paying for your scholastic expenses?
• Have you submitted your authorization letter to the Business Office?
• Questions? Call 919.718.7217 to speak with a representative.
How can the Business Office help you?
• Chatham Campus……..919.545.8000
• Harnett Campus………..910.814.8800
• Lee Campus– Payments by phone………………………….…919.718.7310
– Account Assistance/Collections…………..919.718.7517
– Third Party/Scholarship Billing…………….919.718.7217
– Student Refunds/MYCAA & VA billing….919.718.7391
– Deferred Payment Plan……………………….919.718.7356
Financial Aid
Step 1: Create FSA User ID
The FSA ID - a username and
password - has replaced the Federal
Student Aid PIN and must be used to
log in to certain U.S. Department of
Education websites.
Your FSA ID confirms identity when
accessing financial aid information
and electronically signing Federal
Student Aid documents. Create your
FSA ID by logging onto
https://fsaid.ed.gov
Step 2: Complete the FAFSA Application
After creating the FSA User ID, you are ready to fill out the FAFSA Application at https://fafsa.ed.gov/
The FAFSA consists of 7 Sections• Student Demographics
• School Selection (005449)
• Dependency Status
• Parent Demographics (if dependent)
• Financial Information
• Sign and Submit
• Confirmation
The FAFSA application will be sentelectronically to CCCC’s Office ofFinancial Aid.
Step 3: Communicating with the Financial
Aid Office
CCCC’s Financial Aid Office will notify you if your application has been
selected for verification via the email address provided on the FAFSA.
Verification is a process used by the schools to verify the information reported
on the FAFSA application is correct. All verification forms are available on-
line at: http://www.cccc.edu/financialaid/forms/
After the verification process is complete and ALL admissions requirements
are met, your account is ready to be awarded a financial aid package.
The Office of Financial Aid will send you an email notification when the
award letter is available. You can access the award letter on WebAdvisor.
Things to keep in mind…
Financial Aid Disbursements
After tuition, books, and fees are deducted from the financial aid award,
students will receive a “Refund Check” for the remaining amount.
“Refund Checks” are mailed to the address on file after all attendance has been
verified from all classes.
If you have classes starting throughout the semester, there is a possibility the
refund will be split as well.
Here is an example:
Jon Doe is registered for 12CH (Credit Hours) for the semester. Here is his schedule:
ACA 100 (3 CH) starts Jan 11
HUM 120 (3 CH) starts Jan 11
PED 110 (3 CH) starts in Feb 9
MAT 130 (3 CH) starts in Mar 18
His total Financial Aid award is $2887
His total charges are $990.00
1-5 Credit Hours = 25%
6-8 Credit Hours = 50%
9-11 Credit Hours = 75%
12+ Credit Hours = 100%
1st Check Run
Classes that start Jan 11-Feb 5
On the 1st Check Run Jon Doe will
only be in 6 CH (half-time). Only 50%
of his award will apply to his account.
Fin Aid Award applied= $1443
Total Charges= $990
$1443-$990= $453
Jon Doe will receive a refund check in
the amount of $453 on the first check
run.
2nd Check Run
Classes that start Feb 8-Mar 17
On the 2nd check run Jon Doe willincrease his enrollment by 3CH andwill then be in 9CH (3/4 time). He willreceive 25% additional amount appliedto his account. Since all tuition andfees were paid with the 1st
disbursement he will receive anyadditional aid he is entitled to.
Fin Aid Award applied= $722
Total Charges now= $0
$722-$0= $722
Jon Doe will receive a refund check in the amount of $ 722.
3rd Check Run
Classes that start Mar 18-Apr 14
On the 3rd check run Jon Doe will increasehis enrollment by 3CH and will then be in12CH (full-time). He will receive 25%additional amount applied to his account.Since all tuition and fees were paid with the1st and 2nd disbursements he will receive anadditional 25%.
Fin Aid Award applied= $722
Total Charges now= $0
$722-$0= $722
Jon Doe will receive a refund check in the amount of $ 722.
Satisfactory Academic Progress
The Department of Education requires colleges participating in Student
Financial Assistance Programs to ensure that they are meeting satisfactory
academic progress standards. Satisfactory academic progress will be calculated
at the end of each academic term and will include all periods of enrollment.
Read more about the SAP Policy at http://www.cccc.edu/financialaid/policies/
67% Completion Rate
Students must complete 67%
of the total cumulative credit
hours attempted to meet the
minimum requirement.
Grades of W, WF, F, and I
affect a student’s completion
rate.
Maximum Time Frame
Students must complete an
eligible program within a
time frame not to exceed
1.5 times (150%) the
normal published time
frame.
Minimum 2.0 GPA
Students must maintain a
minimum of a 2.0 GPA to
receive and/or continue
receiving financial aid
assistance.
FERPA
The Family Education Rights and Privacy
Act of 1974FERPA protects the privacy of student
and their parents records by prohibiting
the release of a student’s education
record, which includes the student
award information, to parents or spouse
without the written permission of the
student (applies to students 18 years of
age or older).
Download the Consent to Release at:
http://www.cccc.edu/financialaid/forms/
Office Hours and Campus Availability
You can reach us at:
(919) 718-7229
Or by email at:
Office Hours
Monday 8 am – 5 pm
Tuesday 8 am – 7 pm
Wednesday 8 am – 5 pm
Thursday 8 am – 5 pm
Friday 8 am - 3:30 pm
Campus Availability
Lee Main Campus Monday - Friday
Harnett Campus Wednesdays 8 am – 5 pm
Pittsboro Campus Limited Assistance
Staying Informed
You can remain well informed by taking the opportunity to visit the “Important
Dates” web page at : http://www.cccc.edu/financialaid/importantdates/
Here you will find bookstore charge dates, check disbursements schedules and
other dates that pertain to financial aid.
Follow us on Facebook and Twitter.
Frequently check your assigned student CougarMail account.
Frequently check the email account you provided on the FAFSA.
From all of us in Financial Aid….
WELCOME TO CCCC!!!!!