Financial Aid General Information
- The ARC Financial Aid Office administers financial aid (including loans). Please note that financial aid is handled in accordance with federal and state regulations, and rules are not set by the college. Funds are distributed to students who have documented financial need determined by the total resources available to them. For more information, phone (916) 484-8437.
- Parents are considered to have the primary responsibility for assisting the dependent student in meeting the cost of education. Financial aid is available along with parental contributions to meet the student's academic expenses.
- Aid for independent students is available based on student contribution and the student's academic expenses.
- Use the Free Application for Federal Student Aid (FAFSA) online to apply for campus-based aid and the Pell Grant/Student Loans. List American River College as the college of choice. ARC's federal code number is 001232.
- Once the ARC Financial Aid Office receives an Electronic Student Aid Report (SAR) from the Federal Processor, you will be notified (by e-mail or U.S. Mail) of the required documentation needed to complete your file. Documentation requested is confidential and must be furnished in order for you to receive aid.
- The priority date for funding is March 2. Applications dated after this date will be funded as long as funds are available. Students awarded financial aid are notified by e-mail or U.S. Mail. Average processing time of Federal Student Aid is eight to twelve weeks.
- Financial aid workshops are listed on the college calendar page.
| Cost of Education 2009-2010 |
Students or parents of students may not foresee the expenses involved in attending college accurately, and may find themselves in financial difficulty. While students must determine their own budget, in keeping with needs and resources, the following is the annual cost of education for financial aid students attending American River College:
| . |
Living with parents |
Living on own |
| Board/Room |
$4,338
|
$10,872
|
| Books/Supplies |
$1,638
|
$1,638
|
| Transportation |
$1,044
|
$1,170
|
| Personal |
$3,096
|
$2,826
|
Fees
$26/unit (full-time) |
$624
|
$624
|
| Total (approximate) |
$10,740/yr
|
$17,130/yr
|
| Federal 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. The following IRS websites are helpful:
