Money MattersPaying 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 – IRS Data Retrieval

Tool • Sign and Submit • Confirmation

The FAFSA application will be sent electronically to CCCC’s Office of Financial 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…

Plan your Financial Aid Funds Wisely!

• Pell Lifetime Limit = You may only receive the Federal Pell Grant for a maximum of 6 full-time years! Frequently changing your major will result in you exhausting your Pell funds sooner.

• Degree Audit = You will only be awarded student aid for classes that count toward your degree or certificate (program of study). Please follow your academic plan!

• Enrollment Status = All awards are split for Fall and Spring semesters and are based on full time status.

**If you plan to enroll for the Summer semester, you may need to pay out of pocket!

I NEED 12 CREDIT HOURS!!Award < 6 credit

hrs6-8 credit hrs 9-11 credit hrs 12+ credit hrs

Federal Pell Grant *25% *50% *75% 100%

Federal Supplemental Education Opportunity Grant

100% 100% 100% 100%

NC Community College Grant

0% 50% 75% 100%

NC Education Lottery Grant

0% 50% 50% 100%

LOANS (federal & private)

CCCC does not participate in the Federal Loan program.

CCCC does not participate in the Federal Loan program.

CCCC does not participate in the Federal Loan program.

CCCC does not participate in the Federal Loan program.

Financial Aid DisbursementsAfter 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 11HUM 120 (3 CH) starts Jan 11PED 110 (3 CH) starts in Feb 9MAT 130 (3 CH) starts in Mar 18

His total Financial Aid award is $2887His 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 RunClasses 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= $1443Total Charges= $990$1443-$990= $453

Jon Doe will receive a refund check in the amount of $453 on the first check run.

2nd Check RunClasses that start Feb 8-Mar 17

On the 2nd check run Jon Doe will increase his enrollment by 3CH and will then be in 9CH (3/4 time). He will receive 25% additional amount applied to his account. Since all tuition and fees were paid with the 1st disbursement he will receive any additional aid he is entitled to. Fin Aid Award applied= $722Total Charges now= $0$722-$0= $722Jon Doe will receive a refund check in the amount of $ 722.

3rd Check RunClasses that start Mar 18-Apr 14

On the 3rd check run Jon Doe will increase his enrollment by 3CH and will then be in 12CH (full-time). He will receive 25% additional amount applied to his account. Since all tuition and fees were paid with the 1st and 2nd disbursements he will receive an additional 25%. Fin Aid Award applied= $722Total Charges now= $0$722-$0= $722Jon Doe will receive a refund check in the amount of $ 722.

Satisfactory Academic ProgressThe 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. Financial Aid GPA may differ than your academic GPA

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) 718-7229Or by email at:

finaid@cccc.edu

Regular Office HoursMonday 8 am – 5 pmTuesday 8 am – 7 pmWednesday 8 am – 5 pmThursday 8 am – 5 pmFriday 8 am - 3:30 pm

Campus AvailabilityLee Main Campus Monday - FridayHarnett Campus Wednesdays 8 am – 5 pmPittsboro Campus Limited Assistance

Summer Office HoursMonday 7 am – 7 pmTuesday 7 am – 7 pmWednesday 7 am – 7 pmThursday 7 am – 7 pmFriday Closed

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.

Lookout for updates on the monthly Financial Aid Newsletter.

From all of us in Financial Aid….

WELCOME TO CCCC!!!!!