Determining Dependent or Independent Status

The dependency status worksheet helps students determine if parental information is required on the FAFSA.  Access the worksheet by clicking on “Determining Your Dependency Status” at www.fafsa.ed.gov.

Determining Financial Need

To determine financial need, students must first complete the FAFSA (see Applying for Financial Aid link).

FAFSAs are submitted to the Department of Education (DOE) and the DOE uses the student’s information to calculate an EFC (Expected Family Contribution) number. The EFC is a measure of a family’s or individual’s (depending on dependency status) financial strength.  EFCs determine how much of the family’s resources should be available to help pay educational costs and allow the school to determine how much aid can be awarded.

Notification and Verification

Students will receive an email sent to their CFCC account when a financial aid award has been finalized.   Students not eligible for federal or state grants will also receive an email informing them of their non-eligible status.

Because students sometimes make errors when completing the FAFSA, there is a process for verifying applications and making corrections.  The U.S. Department of Education Central Processing System or CFCC selects which applicants are to be verified.  Funds cannot be disbursed to a student until the verification process has been completed.

Financial aid offices can no longer accept signed copies of federal tax returns (1040, 1040A, 1040EZ) from financial aid applicants and parents for FAFSA verification purposes.

Students selected for verification must submit all required documents:

  • within 120 days of the last date of enrollment to be considered eligible for a Federal Pell Grant.
  • before the last day of enrollment to be considered eligible for the Federal Direct Loan Program; the Federal Supplemental Educational Opportunity (FSEOG) and North Carolina state grants.
  • before they are eligible to participate in the Federal Work-Study Program.

In addition, a valid Student Aid Report must have been received from the federal processor while the student was enrolled.

The Financial Aid Office at CFCC will contact students via e-mail to request additional documents required to complete the application process.  Please respond quickly to the Financial Aid Office at CFCC.


Important Dates

Fall 2015

  • Aug 12 -- Students may begin charging in the bookstore
  • Aug 21 -- Classes Begin- Full Semester and 1st Mini Session
  • Sept 4 -- Last day to Charge books
  • Sept 7 -- Closed Holiday
  • Sept 25 -- Financial Aid Checks mailed
  • Oct 19 -- Student may charge books for 2nd mini session
  • Oct 22 -- Classes begin - 2nd mini session
  • Oct 23 -- Financial Aid checks mailed for 2nd disbursement of Fall only Full Session Loans
  • Oct 27 -- Last day to charge books for the 2nd mini session
  • Nov 18 -- Financial Aid checks mailed - 2nd mini session

The 2015-16 Scholarship Application will be available beginning July 13, 2015

 

Related Scholarship Information