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Financial Assistance

The College offers students several options for payment of tuition. All students are encouraged to apply for federal and state financial aid funding if unable to meet educational costs on their own. The College participates in several types of Title IV programs, most of which are based on financial need.

Students seeking financial assistance must first complete the Free Application for Federal Student Aid (FAFSA) at https://fafsa.ed.gov/. If you don't already have an FSA ID, apply for one online at https://fsaid.ed.gov/ so that you can e-sign your FAFSA. The College's Financial Aid Officer uses the information from the FAFSA to determine students' eligibility and assists them in deciding what resources are best suited to their circumstances. Students must meet all eligibility requirements to qualify for Federal Student Aid. The Financial Aid Office will provide the student with an estimated award letter based on the information provided on the FAFSA. Additional documentation may be required to support the student's request for financial assistance if the FAFSA is selected for verification. Final award letters are made available to students on the ACC secured student portal each academic year at https://myportal.americancareercollege.edu/secure/student/loginstu.aspx. Renewal of financial aid is not automatic. Recipients are required to reapply each year by the announced deadline.

Federal and state grants and loans will be disbursed onto student accounts to cover direct educational costs. Disbursements in excess of direct costs will be refunded to the student (or parent, in the case of a PLUS loan), or in some cases refunded back to the respective lender. Students may elect to have excess funds retained on their account  until the end of the aid year or loan period, at their discretion. Federal Work Study earnings will be paid directly to the student via check on a biweekly basis for actual hours worked.

Students who obtain a loan to pay for their education will be responsible for repayment of the full amount of the loan, plus interest, less the amount of any refund. If a student withdraws, a refund calculation will be completed and a refund of non-federal aid funds may be provided. 

Verification Deadlines: If selected for verification, the ACC Financial Aid Department may request additional documentation to support the student's request for financial assistance, including, for example, official IRS Tax Transcripts, signed verification worksheets, proofs of identity, etc. The student must submit all requested information in order to receive the estimated financial aid awards. Students are expected to submit all verification materials within 14 days of the request. Exceptions may be made on a case- by- case basis, but failure to submit verification materials within 45 days of the request may result in the loss of institutional scholarships, campus- based aid and federal loans for that term. Pell grant eligibility will be forfeited if requested verification documents are not received by September 30th of the trailing year of the aid year, or within 120 days of the last day of enrollment, whichever comes first.

 

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