Notification and Selection of Applicants
GCC strives to provide each eligible student sufficient resources to meet their direct educational costs as well as provide some financial assistance to help in meeting living expenses. GCCís goal is to distribute the available resources across the eligible population in a fair and equitable manner and to make use of all available resources. We strive to ensure that access to the studentís chosen field of study is not limited due to lack of funding.
The Financial Aid Office reviews all applications and determines the amount and type of aid to be awarded. The amount awarded is determined by need, FAFSA information, eligibility, timeliness of application, response to requests for information, amount of funds available and individual program guidelines. (Summer school financial aid is limited and awarded based on the availability of funding. Students are required to fill out a separate institutional application in the spring for the summer school session.)
Financial aid packages are created for students throughout the academic year. GCC utilizes a combination of packaging models in awarding financial aid and employs a policy of packaging gift awards first, college work-study second and loans last. Award proposals will be mailed to the students within 15 business days of file completion, detailing the type and amount of financial aid being offered. It is not necessary to return the award proposal unless the studentís enrollment status changes, other aid is received or the student wants to decline the loan or college work-study. Financial aid is not official until an award proposal is received from GCC.
GCC determines eligibility for most types of aid the student will receive, but there are times when final approval is given by the state or federal government and/or lending agencies, such as Michigan Works, Bureau of Indian Affairs, Veteran Affairs, etc. No financial aid will be disbursed until the school receives an official notice from the various sources. It is recommended that the student periodically check with GCC and the agencies to find out the status of the student application.
Financial aid is based on the number of credit hours the student is enrolled in. Students are classified as less than half-time (1-5 credits), half-time (6-8 credits), three-quarter-time (9-11 credits) or full-time (12 credits or above). All students will receive an original financial aid package based on full-time status unless the Financial Aid Office is otherwise notified. Students should pay special attention to the enrollment status listed on the award proposal to determine if the enrollment status is accurate. At the end of the drop/add period, the studentís financial aid will be reconciled to match their enrollment status.
Students need to review the award proposals to determine if the resources are adequate to meet college expenses. If additional assistance of some type is necessary after reviewing the costs and financial aid, students may need to increase the amount of their loan, if eligible, or explore scholarships, grants and loans offered by outside professional, business and private organizations. A student should never begin attending college without knowing the cost of their education.
Financial aid proposals are estimates that are subject to revisions due to changes in enrollment, corrections of errors and omissions, adjustments because of false or misleading student information, receipt of outside scholarships, grants and loans, conflicting information, changes in the availability of funding, failure to maintain satisfactory academic progress and the requirements of state and federal law and institutional policy. The Financial Aid Office reserves the right to revise, adjust or cancel the award at any time based on new or conflicting eligibility information. The student is required to report all changes in their financial aid status to the GCC Financial Aid Office.
Students who enroll in a program of study abroad approved for credit by the home institution may be considered for federal student financial assistance.
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