Financial aid is intended, but not guaranteed, to help cover the portion of college
expenses that cannot be paid by me or my family.
When completing the Free Application for Federal Student Aid (FAFSA), the federal
processor uses the information provided to determine the family contribution and the
results are forwarded to GCC (002264). This is the Expected Family Contribution (EFC)
and determines the type of financial aid available to me if all other eligibility
requirements are met.
The March 31st priority consideration date enables me to be considered for first-come,
first-served funds such as limited federal grants and scholarships.
Financial aid awards are created based on my eligibility criteria and the availability
of federal, state and institutional funds and are awarded according to federal, state
and institutional guidelines and regulations.
My financial aid package may be a combination of several types of aid, including grants,
scholarships, loans, and work-study.
An estimated Cost of Attendance (COA) is used when determining my financial aid package.
I understand my financial aid award cannot exceed my COA, and that my COA does not
reflect the actual out-of-pocket amount I owe to GCC. I understand I am not guaranteed
to receive financial aid that meets my entire COA. COA includes tuition/fees, books/supplies, room/board, personal expenses and transportation.
