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 How to Apply for Financial Aid

 Students who are entering Gaston College and are in need of financial aid are requested to follow this application procedure:

  1. After the application for admission has been submitted, the student should complete a Free Application for Federal Student Aid (FAFSA).
  2. The student who wishes to apply for financial assistance must file a Free Application for Federal Student Aid (FAFSA). The student should complete the FAFSA form on the Internet at www.fafsa.ed.gov using Gaston College school code #002973.  It takes 4 - 6 weeks to process a complete file. Therefore, students should submit all financial aid forms several weeks prior to their enrollment date.
  3. In addition, the student should submit other documentation if requested by our office.  Additional documentation includes the College Financial Aid Application, the Verification Form, and other financial information.
  4. Students interested in scholarships, and/or work-study should submit a separate Gaston College Foundation Scholarship Application and/or Work-Study Application.

 

Applicants may apply for a scholarship, grant, work-study, or any combination of these. The total combined sum of these must not exceed total financial need. The awarding of aid is based on funds available. Students will be notified of their financial aid eligibility by award notification letter.  The letter will state the type and amount of award.  Students should retain their copy of their award notification letter for their records.  If the student does not plan to enroll or use their financial aid award, the student should notify the financial aid office.

In the event that a student receiving aid withdraws from the institution and stops attending all of their classes prior to the 60% point of the semester, the student will be responsible for repayment of a prorated amount of any portion of payments that were extended to the student for living expenses and that would no longer be attributed to meeting expenses related to attendance.  If the student never attends a class(es), the student is not eligible to receive financial aid for the class(es) and will be responsible for repayment and billed for the aid in which you became ineligible.  Students will be ineligible for future aid until repayment has been made.

The student has the obligation to maintain the "Satisfactory Academic Progress Standards" as defined specifically for financial aid recipients. Failure to maintain academic progress will result in the loss of eligibility for financial aid. Eligibility may be regained unless the student has exceeded his or her eligibility to receive federal aid. Student coursework must be restricted to the major that is on file in the Office of the Registrar. Courses taken outside of the approved major may require adjustment to the financial aid award. Students are responsible for payment of repeated courses that were previously paid for by financial aid.

It is the student's responsibility to:

  • Review and consider all information about the school's programs before enrolling. 
  • Complete all application forms accurately and submit them on time to the correct location. 
  • Pay special attention to, and accurately complete the application for Financial Aid. Errors can result in long delays in receiving aid. Intentional mis-reporting of information on application forms for federal financial aid is a violation of the law and is considered a criminal offense subject to penalties under the US Criminal Code. 
  • Return all additional documentation, verification, corrections, and new information to the Financial Aid Office. 
  • Read and understand all forms before signing them and keep copies of all forms. 
  • Notify the lender of previous student loans of changes in name, address, and school status. 
  • Perform the work that is agreed upon in accepting a college work-study award. 
  • Know and comply with the deadlines (both U.S. Department of Education and Gaston College) for application or reapplication for aid. 
  • Contact the Financial Aid Office before withdrawing from school or changing course schedule. 
  • Notify the Financial Aid Office in writing about additional income not reported on aid application. 
  • Express written appreciation to any scholarship donor. 
  • Understand and maintain Financial Aid Satisfactory Academic Progress Standards in order to continue to receive financial aid. Students are not considered to be making satisfactory academic progress if they do not maintain at least a 2.000 GPA each semester.
  • Officially drop or withdraw from a class that the student registered for but is not attending even if that student applied for and/or received financial aid.  The student cannot assume that automatic drops or withdrawals will be performed for them in the event that they do not pay for their registration fees.
  • Make sure that your correct address is on file with the Registrar’s Office in order to properly receive correspondence and/or refund checks (if applicable) that are mailed to you.
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