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Financial Aid General Information

Basics
Cost of Attendance

The Cost of Attendance (COA) is an estimate of the average cost a student can expect to incur as a result of attending college. The amounts used in the COA may not cover all of the student's living expenses. Individual cost may differ from the college's COA; however, the COA is the established budget used to calculate award packages for American River College students.

Using the student's expected family contribution and the published COA, the college's Financial Aid Office will award students' need and non-need based financial aid.  Below are the estimated costs for identified award years based on a Fall and Spring semester:

       

  2016-2017  
  Living with parents Living on own
Room/Board
$5,247
$13,293
Books/Supplies
$1,854
$1,854
Transportation
$1,233
$1,233
Personal/Misc.
$3,276
$3,006
       Fees ($46/unit)      
$1,104
$1,104
Total (approximate)
$12,714/yr
$20,490/yr

This is an estimate and subject to change.

*Fees are based on average units for full time student (12 units X $46 per unit)

The budget is based on data provided by the California Student Aid Commission (CSAC).

*Fees will be prorated in the budget using the average (not necessarily the actual fees) for each student's enrollment status:
Full‐Time:  12.00 or more units
Three ‐Quarter Time: 9.00 - 11.99 units
Half‐Time:  6.00 - 8.99 units
Less‐Than‐Half‐Time:  5.99 units or less

The budget for Summer term 2017 will be prorated based upon weeks of instruction and percentage of the academic year.

 

Education Tax Credits

You may be able to obtain federal tax credits for enrollment fees you pay if you are enrolled in at least six units during any semester including summer and meet the other conditions prescribed by federal law. These tax credits can be taken by the student, or the student's parents if the student is a dependent. The Los Rios Community College District will automatically mail an IRS Form 1098 to each student so that students can claim any credits on their federal tax return. More information on the Hope Credit or Lifetime Learning Credit is available in IRS Publication 970.  California is also offering an Educational Tax Credit.  See the information below.  The following IRS websites are helpful:

 

 

 

Dropping Classes

Students who receive Pell Grant and withdraw or stop attending classes that they received the grant for may be required to repay some or all of the funds. Failure to repay the amount within 45 days will result in future aid being canceled/denied.

Additionally, students who receive any type of federal student aid and drop (or stop attending) all their classes will be responsible to repay any portion of aid that the college is required to return to the Department of Education as a result of the withdrawal or cessation from attending classes.

Click here to check what happens with financial aid when students withdraw from college