Jan 23, 2022  
2021-2022 Financial Aid Handbook 
    
2021-2022 Financial Aid Handbook

Philosophy and Determination of Eligibility


New River Community College (NRCC) offers a variety of financial opportunities for students who need financial assistance.

The philosophy of the Financial Aid Office is that no qualified student shall be denied the privilege of attending college because of the lack of finances, if funds are available.

To determine if a student qualifies for aid, the Financial Aid Officer looks at need. Need is defined as the difference between the cost of attending the college and the total estimated family contribution (EFC) as calculated by FAFSA.

The criteria used for selecting student recipients involve both the computed need of the student, and the student’s academic standing. The application priority dates are March 15 for summer, April 15 for fall, and November 15 for spring. Applications received by the priority date will receive primary consideration for the upcoming academic year. Those received after the priority date will receive consideration only as funds are available.

After a student has been accepted in an eligible curriculum at NRCC and has demonstrated need, the college tries to meet that need by offering aid which comes in the form of a Financial Aid offer consisting of grant(s), and on/off-campus job, a scholarship, and/or a loan. Awards are prorated and adjusted for enrollment level based on full-time (12 credits), three-quarter time (9-11 credits), half-time (6-8 credits), and less-than-half-time (5 credits or less). Most awards have a minimum enrollment level requirement