Financial Aid FAQ

Financial Aid FAQ

 

Question and Answer

  • Question

    When should I apply for financial aid?

    Answer

    Each year the new FAFSA application is available starting October 1st. Submit your application as soon as possible after that to improve your chances of receiving certain need based aid, and to hold your classes.

  • Question

    What is the deadline for financial aid?

    Answer

    The Financial Aid Office must receive your processed FAFSA by each semester’s tuition deadline to hold your classes. Otherwise, students must pay their tuition in full or set up a payment plan by tuition due date.

  • Question

    What do I need for the FAFSA form?

    Answer

    Aside from basic identification information (your driver’s license number, Social Security number, address, etc.), you will need to provide information related to your own income, earnings, assets and your academic goals (the degree or certificate you seek). We recommend having a copy of your taxes available when you complete the application.

    If you are a dependent or married, you will also need to provide earnings and income information for your parents or your spouse. You can preview a FAFSA PDF here.

  • Question

    What is my FAFSA code?

    Answer

    The Anoka-Ramsey FAFSA code is 002332.

  • Question

    Have you received my FAFSA?

    Answer

    Once you have completed the FAFSA, the Financial Aid Office will receive your application in 3-5 business days. We will reach out to you via your student e-mail account to request additional documents or to notify you of your financial aid eligibility.

  • Question

    When is my disbursement check coming?

    Answer

    Financial aid will disburse to ARCC beginning the third Tuesday of the term. Check your status on your student email account, using your STAR ID and password. Students should monitor their account balances throughout the school year.

  • Question

    When will I receive my excess funds/overage?

    Answer

    If the amount of your financial aid award exceeds institutional charges, the credit balance overage will be sent to you via direct deposit or mail on the third Friday of the term or weekly thereafter.

  • Question

    Can I charge books against my financial aid?

    Answer

    If you qualify for financial aid, and the amount you receive exceeds your tuition and fees, you may Charge Your Books to your financial aid account. Book charges are allowed one week prior to the semester and the first week of the term (excluding holidays). You must have an award letter with financial aid accepted that exceeds your tuition and fees.

  • Question

    How do I get my Tax Return Transcript?

    Answer

    Visit: IRS.gov/Individuals/Get-Transcript. If you have a different address than what appears on your federal tax return you will need to use this form: Form 4506-T to request a Tax Return Transcript. For more help please visit the Financial Aid Office

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