Awarding and Disbursement Process

In order for the awarding process to begin, the RRCC Financial Aid Office must receive all requested documentation from you. All correspondence will be sent by email and is viewable under the Financial Aid Requirements button on "The Rock" student portal.

Loan Award Procedures 

If eligible, your financial aid offer notice includes an initial loan offer.  If you have additional school-related expenses that have not been covered by the award, you may request additional unsubsidized loan funding.  Unsubsidized loans are charged interest while you are enrolled, and subsidized loans do not accrue interest as long as you are enrolled at least half time.  To request any loan increase, submit a Loan Adjustment Request Form to the RRCC Financial Aid Office.

For more information on loan eligibility and annual loan limits visit

Financial Aid Offers

Financial Aid offers can include grants, work-study, and student loans. Amounts from each program vary depending on the need and eligibility of each student. Initial offers are based on the assumption students will enroll full-time for Fall and Spring semesters. If you enroll less than full-time, some awards will be pro-rated based on the actual credits hours you are enrolled in. Federal grant eligibility and federal loans are based on the number of credits you are taking that count toward your declared RRCC program of study.  If you choose to enroll in the Summer semester, please note that financial aid for summer is limited. We recommend that you register for summer classes early to be considered for summer aid. Contact the Financial Aid Office for details.

If you are enrolled in a class that starts later in the semester and it is canceled, the class will not count toward the number of credit hours you are enrolled in for that term. Your financial aid award will be adjusted to the actual hours you are attending.

The financial aid packaging process ensures effective use of funds available, and ensures fair and equitable treatment of all aid applicants. For information about eligibility requirements for each type of award. Also, see Types of Grant Aid and Student Loans.

RRCC Financial Aid will post your offer online to your student account via "The Rock" student portal. The award offer details the amounts and types of financial aid for which you are eligible. Once you receive your offer notification, please read all instructions and maintain a copy for your records.

  • All offers are based on full-time attendance (12 credits for undergraduate, 5 credits for graduate), and may be pro-rated if you attend less than full-time.
  • Disbursement of financial aid is made in equal amounts over the semesters of enrollment.
  • When awards are offered, they are for the entire academic year. There is no need to file a separate FAFSA for each semester.
  • Financial assistance received from sources outside the college may affect aid eligibility. Other financial assistance includes but is not limited to scholarships, tuition benefits from an employer, and vocational rehabilitation benefits.
  • Student loans are only "offered" on your offer notification. A loan will not be valid until a student actually accepts the offer and completes all additional steps as required. Click here on steps to accept a direct student loan.

Disbursement of Financial Aid

Disbursement of funds begins after the census date for the respective term. This is typically two weeks after the start of classes for the respective term. Financial aid funds will be paid into a student's account to pay tuition and fee charges first. If there is a credit balance after payment of a student bill, a refund will be delivered via the option selected when setting up your refund preference with BankMobile. Get more information here about BankMobile and RRCC's system for processing student refunds. It is imperative that students keep their addresses updated with the Office of Admissions and have current email addresses.  All correspondence from BankMobile will be sent to those locations.

Please be advised:

  • First-time undergraduate loan borrowers will be subject to a 30-day disbursement delay of funds from the beginning of the term.
  • Loan periods always have a two-disbursement requirement (i.e. for a single semester like summer, half would disburse after the census date, and the other half would be released midway through the semester.)