Financial Aid – FAQ

Q.  Must I be accepted before I can apply for financial aid?

A.  No, but you must be accepted before your eligibility for financial aid can be determined.

Q. How do I apply for a Pell grant?

A. When you complete a a Free Application for Federal Student Aid (FAFSA®), you are automatically considered for a Federal Pell Grant. The easiest way to apply is online at          https://studentaid.gov/h/apply-for-aid/fafsa.

Q. What information is needed when completing the FAFSA?

A. You will need: Your FSA ID and Password, Personal Information, Household Information, Contributor Information, and Financial and/or Tax Information.

Q.  Are my parents required to submit their financial information?

A.  Yes, if you are under the age of 24 and do not meet any other requirements for independent status.

Q.  What if my parents are separated or divorced?  Which parent fills out the Financial Aid Application?

A.  If parents are divorced or never married and not living together, the parent on the FAFSA form should be the parent who provided more than 50% of the financial support for the student during the last 12 months. This may be different from the parent the student lived with during that same period. If one parent pays child support to the other parent, the child support paid counts for the payer when determining which parent is a required contributor on the FAFSA form. Once the parent who provides more than 50% of the financial support for the student has been determined, that parent (and their current spouse, if applicable) should report their income and asset information on the student's FAFSA form as a contributor. If neither parent provided more than 50% of the financial support for the student, the parent (and current spouse, if applicable) with the greater income and assets is a required contributor on the FAFSA form. 

Q.  Do I have to report my stepparent's financial information?  

A.  Yes, if the parent that contributes over half of your support is remarried, you must send an email to invite that contributor to complete their portion of the FAFSA also.

Q. If my or my family’s current year income (year 2024) will be drastically lower than last year’s income (year 2022) what do I do? 

A. Contact the Financial Aid Office and request a Reduced Income Statement Form. Complete and submit the form, along with the appropriate documentation, to the Financial Aid Office for consideration. Often projected year income can be considered. These considerations are made at the family’s request and on a case by case basis.

Q. How do I become an independent student for federal aid purposes? 

A. If you meet one of the following: are 24 years old, are a veteran of the U.S. Armed Forces, are married, are a ward of the court, have no living parents and have no legal guardian, homeless, or have a legal dependent who gets more than half of their support from you. The FAFSA provides more information regarding these categories.

Q. What is DCC’s Title IV Code? 

A. Our Title IV School Code is 003758.

Q. What is my SAI (Student Aid Index)?

A. Your SAI is an index number used by financial aid professionals when creating an aid offer. Your SAI is calculated using information that you (and other contributors, if required) provide on the Free Application for Federal Student Aid (FAFSA®) form.

Q. Why did my financial need change from last year?

A. Since need represents the difference between total costs of attending DCC and the ability of you and your family to contribute; any change in your family's situation or in DCC’s charges may mean a change in need.

Q. How do I view my online FAFSA Submission Summary? 

A. After your 2024-25 Free Application for Federal Student Aid (FAFSA) form is submitted and processed, you can access your FAFSA  Submission Summary--an electronic or paper document that summarized the information you reported on your FAFSA form. It includes your estimated eligibility for a Federal Pell Grant and federal student loans, your Student Aid Index (SAI), and whether you've been selected for verification. The FAFSA Submission Summary replaces the Student Aid Report for the 2024-25 award year.

View your online FAFSA Submission Summary by

  1.  logging in to your StudentAid.gov account Dashboard,
  2. selecting your processed FAFSA submission from the "My Activity" section, and 
  3. selecting "View FAFSA Submission Summary."

Q. How do I get a work-study job?

A. You must first complete a FAFSA form. If you are interested in work-study, come by the Financial Aid Office to complete the application. Once all current positions are filled we will start a waiting list. Students often drop or change jobs during the year, thus vacancies may arise. Student must be enrolled in at least 6 credits to qualify for work-study.

Q. When and how do I get paid for my work-study job?

A. You will be paid twice a month for the hours that you work. It is your money to spend as you see fit on your education related expenses.

Q. Will I have to pay back any financial aid money if I drop out or withdraw from school? 

A. If you receive federal financial aid and drop out or withdraw from school during the first 60% of the semester you may be required to repay a percentage of the aid that you received.

Q.  How do I apply for a Direct Stafford Loan?

A.  You may visit our website at http://www.danville.edu/student-loans.

Q. How do I apply for an Educational Foundation Scholarship?

A. You may visit our website at www.danville.edu/scholarships.

Q. What is the difference between the Business Office and the Financial Aid Office? 

A. These two offices are located in the Wyatt Building and are separate from one another administratively. The Financial Aid Office awards grants, loans, and work-study. The Business Office sends bills and collects payments for college charges not covered by aid. The Business Office also processes your financial aid disbursements.

Q. What if I have a credit balance on my student account? 

A. If you have a credit balance in your account (after tuition and, if applicable, textbook charges have been paid) you will receive a disbursement later in the semester.

Q.  When will I receive my financial aid disbursement?

A.  Students enrolled in standard courses should start receiving their disbursements 4-6 weeks after the refund date. Students have the option of receiving disbursements electronically or via paper check.

Q.  Why did I receive a bill from the Business Office?  I have financial aid.

A.  If your financial aid award is insufficient to cover your tuition and fees, you will receive a bill.

Contacts

Financial Aid Office

1008 South Main Street Danville, VA 24541