Everyone—rich, poor, or somewhere in between—should plan to fill out a FAFSA application, also known as the Free Application for Federal Student Aid, as part of applying to college.
FAFSA is the foundation for all financial aid and allows students to be considered for federal Pell grants, state grants, Stafford student loans, scholarships and work-study programs. These funds can help pay for college tuition as well as books and some fees.
The fastest and most accurate way to submit the FAFSA is online at www.fafsa.gov. The website provides step-by-step instructions, but paper copies are also available. Students and their parents will need to gather their federal tax record information to complete the form along with their school code. New River Community and Technical College’s code is 039603.
Students are awarded financial aid once they’re admitted to a college or university. If they are admitted to several, each school will receive the FAFSA report, which the college uses to determine a broad range of financial aid options that includes grants, loans, scholarships, and work-study.
Borrow Smart Campaign Tackles Student Debt
As concerns rise about student loan default rates, New River CTC is taking a pro-active approach to addressing the issue.
The College launched a new campaign called Borrow Smart to educate our educational community about the importance of borrowing the minimum amount necessary to allow them to complete their studies.
The impact on our students is dramatic, as they are facing debt that will impact their lives for years to come, and if they default, there are serious consequences for their ability to get credit in the future.
In response to these concerns, the College has refined procedures for students applying for loans. Students participate in a one-on-one counseling session with a financial aid counselor before they apply for a loan, and they have an exit interview with financial aid when they leave New River CTC, either because they graduate or withdraw from the College.