Notification and Selection of Applicants
GCC strives to provide you with sufficient resources to meet your direct educational costs as well as provide some financial assistance to help in meeting living expenses. GCC's 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 your chosen field of study is not limited due to lack of funding and, at the same time, try not to loan burden you.
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 the 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. You do not need to fill out a separate application for summer school. Summer school is based on your 2015-16 FAFSA. The awarding of summer school funds will begin during the second semester of the academic year.)
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. Financial aid is not official until an award proposal is received from GCC and you have been accepted in to an eligible program. It is not necessary to return the award proposal back to GCC.
GCC determines the eligibility for most types of aid you 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 you periodically check with GCC and the agencies to find out the status of your application.
Financial aid is based on the number of credit hours you are enrolled in. You're 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). You will receive an original financial aid package based on full-time status or your actual registered credits depending on if you registered for classes. If your enrollment status changes, your financial aid will be adjusted based on the number of enrolled credits. You will be able to access all financial aid revisions as well as tuition bills on My GCC at gogebic.edu. At the end of the drop/add period, your financial aid will be reconciled to match your enrollment status.
You need to review your award proposal to determine if the resources are adequate to meet your college expenses. If additional assistance of some type is necessary after reviewing the costs and financial aid, you may need to increase the amount of your loan, if eligible, or explore scholarships, grants and loans offered by outside professional, business and private organizations. You should never begin attending college without knowing the cost of your 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. You are 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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