Q: What is the purpose of financial aid?
A: The primary purpose of financial aid is to provide assistance to students who otherwise would be unable to pursue their education. The basic premise of financial aid programs is that the primary responsibility for meeting college costs lies with the student and parents. Financial aid provides aid when the family is unable to meet the cost of attendance.
- Avoid lines. Students wishing to apply for financial aid should do so early and meet all priority deadlines.
- Financial aid awarded is to be used solely for legitimate educational purposes.
- A student’s financial need is determined by subtracting the expected family contribution from the total cost of attending CPCC. The financial aid awarded should not exceed the student’s college cost budget.
- The primary purpose of financial aid is to provide assistance to students who, without such aid, would be unable to attend college.
- Students must renew their financial aid each year.
- Students who withdraw during a semester must be aware of the Total Withdrawal Policy and Satisfactory Progress Standards. Student Financial Aid eligibility will be affected by withdrawing from classes and changing curriculums.
- Students receiving financial assistance through any type of Title IV Federal Student Aid Programs, must be making Satisfactory Academic Progress toward a degree, diploma, or certificate. Students enrolled in a high school program or the GED program are ineligible for financial aid.
- The Financial Aid Office reserves the right to review and cancel a financial aid award at any time because of changes in a student’s financial or academic status.
Click the following videos to learn about the Overview of the Financial Aid Process and more financial aid basics: