Your Financial Aid Award
After Rio Salado College's Financial Aid Office has processed your Free Application for Federal Student Aid (FAFSA), you will receive a Financial Aid Notification (FAN) with an email containing information about your award. The email will be in the Official Student Email and will contain important information.
- Information about the types and amounts of federal student aid you are eligible to receive
- Important disclosures about the student aid
- Additional instructions (for some students only)
Rio Salado College Financial Aid Award
Pell grants are awarded based on your level of credit hours and enrollment intensity. Pell grants are disbursed incrementally after the drop/add period of each course.
Federal Direct Loans are offered based on number of credit hours, enrollment intensity, term and annual loan limit percent. Loans are prorated at the time of disbursement. Loans cannot be increased or decreased after disbursement. You should only accept the loan amounts you want to borrow. You are not obligated to borrow the entire loan (s) offered.
Review Your FAN
Review your FAN closely for instructions about any follow-up tasks you may be asked to complete. Receiving Your Funds
Review the financial needs required to support your education plan. Loans must be repaid with interest, even if you do not finish school.
Accept the portion of your aid package that you want to receive. You may decide that you do not want to borrow the entire amount of the student loan made available to you.
Entrance Counseling and Master Promissory Note
You must complete an Entrance Counseling session and a Master Promissory Note if you are applying for federal financial aid. You only need to complete these one time while you are attending Rio Salado College.
The interactive Entrance Counseling session is fast and easy. It can be completed online, and provides useful tips and tools to help you budget and understand your loan responsibilities.
- The session takes about 30 minutes to complete online.
A Master Promissory Note (MPN) is a legally binding contract you sign, agreeing to repay the loan money you have borrowed. The MPN describes your rights and responsibilities as a loan borrower.
- It takes approximately 15 minutes to complete online.
Satisfactory Academic Progress
It is important that as a financial aid recipient, you maintain academic progress in accordance with the Satisfactory Academic Progress (SAP) policies.
Receiving a Book Advance
Book Advances allow you to use a portion of your anticipated financial aid to purchase textbooks and supplies for classes before they start.
