FINANCIAL AID ANNOUNCEMENTS
Now is the time to complete your 2016-17 FAFSA at
www.fafsa.ed.gov (for F16, Spr17, Sum17).
The online FAFSA is available January 1, 2016 -
June 30, 2017. Complete your FAFSA by the March 2, 2016 priority
deadline using 2015 Federal Income Tax information.
April 14, 2016
DREAMERS TRANSFER WORKSHOP
All Workshops will specifically address the needs of Undocumented
and/or AB-540/DACA students who have applied for transfer to UC's or
I Can Afford College Workshop, twice a week
April through May
Do you qualify for
free tax preparation?
Earn It! Keep
It! Save It! is providing FREE IRS certified tax preparation assistance to
low and moderate income taxpayers, until April 18, 2016! Included with your tax
refund there is a chance that you may qualify for the Earned Income Tax Credit
as well! There are multiple locations throughout the East Bay. Click the banner
below to find a location near you! It’s
Your Money, Get IT!
Financial Aid Processing
- Be prepared for 6-10 weeks for processing during our peak
time (Summer and early Fall)
- Deadline to submit verification for first disbursement each
Fall is 07/01 each summer.
- Documents submitted after 7/01 will be processed by date
received and eligible students may not receive a disbursement
until later in the semester.
- If you submit your documents
after 07/01, you will need to make alternate
arrangements to purchase books and complete the
To speed up verification process, please make
any needed corrections to your FAFSA on
www. fafsa.ed.gov to student/spouse/parent income by pulling tax
information from IRS database. Check your student aid report for
The best way to verify
income is by using the IRS Data Retrieval Tool that is part of FAFSA
on the Web. If the student and/or spouse/parent(s) have not already
used the tool, go to FAFSA.gov, log in to the student's FAFSA
record, select "Make FAFSA Corrections," and navigate to the
Financial Information section of the form. From there, follow the
instructions to determine if the student and/or spouse/parent(s) are
eligible to use the IRS Data Retrieval Tool to transfer 2015
tax information into the student's FAFSA. It
takes up to two weeks for IRS income information to be available for
the IRS Data Retrieval Tool
for electronic IRS tax return filers, and up to eight weeks for
paper IRS tax return filers.
If the student/spouse/parent is
unable or chooses not to use the IRS Data Retrieval Tool, an
IRS tax return transcript
a photocopy of the income tax return) must be submitted each year.
Complete your 2015-16 FAFSA now
if you have not already done so -
www.fafsa.ed.gov (for Spr15, Sum15).
2015-16 BOG Fee Waiver application
last day of Spring semester. (NOTE: If you have
recently completed a 2015-16 FAFSA application,
please DO NOT complete the BOG waiver also. Follow up with the
Financial Aid Office or check the Zone for your current application
NEW in 2014!! - Higher One Refund
HO has announced an enhancement to their existing refund preference selection
process. Beginning Wednesday, July 30th, all students who select the "Deposit to
another account" (ACH) refund preference will now have the option to submit
their account information through a fully electronic process.
We strongly encourage you to consider using the ACH transfer to your existing
bank account, as you already have an existing relationship with your bank.
Historically, selecting ACH required a student to print a paper form that could
then be submitted via email, fax or mail to Higher One. The paper form
will no longer be required. Replacing this paper process is a significant
enhancement that adds electronic functionality while providing students with
greater expediency and flexibility.
Do you have a question about how much financial aid you
Get your questions
Chabot Financial Aid General Information Brochure
Information about the
California Dream Act
Major Federal and State Regulatory Changes
As a result of recent legislative changes, you should be aware of
a number of new requirements for the federal student aid programs.
Some of the changes include:
- Students selected for verification must either use the IRS
Data Retrieval option from the FAFSA application, or submit IRS
Tax Transcripts for self/spouse and/or parents. (See processing
detail below.) We no longer accept copies of 1040(a)(ez)
- Students are now limited to a maximum of six years (600%) of
full time Pell Grant* (see details in box below)
- Students must have a High School diploma or GED. Passing ATB
scores or 6 earned college semester units are NO LONGER allowed
to meet this requirement for students beginning an eligible program of
study after 7/1/13.
- Students will not have the interest on their
subsidized loans paid during the 6 month grace period before
repayment begins (for loans originated between 7/1/12 and
- NEW! New borrowers as of 7/1/2013 are limited
to 150% of their program length in eligibility for subsidized
- Students in an Associate or Transfer that
typically require two years to complete if
attending FT will only be considered for three
years of subsidized loan eligibility.
- Certificate programs that normally take two
semesters or one year to complete if attending
FT will only be considered for a year and a half
(three semesters) of subsidized loans.
- Students who transfer to Chabot from another
school may have already received the maximum
subsidized loans according to their program of
study at Chabot. They may be eligible to
borrow unsubsidized but not subsidized loans.
Due to unforeseen
complications implementing the new federal
student loan regulations, Direct Stafford loan
awarding and disbursements may be delayed as
late as mid-September for both new and returning
borrowers. New borrowers are subject to 30 day
disbursement hold regardless. We sincerely
regret any inconvenience to our students.
To be eligible for any federal or
state financial aid, including but not limited
to student loans), you must be enrolled in an
eligible program of study (certificate,
associate or transfer) as found at xxx. If you
realize you need to update your major, submit
this form ABC immediately to A&R.
- NEW! -
Students and their families who do not
report and verify a reasonable amount of income to support
themselves and their dependents will be required to document to
our office how they did support themselves, per new Federal
regulations. Accuracy and completing every FAFSA question
will assist students to avoid this verification process.
URGENT TO READ:
Eligibility Used (LEU)
now limited to a lifetime maximum Pell Grant of 12
semesters / six years or full time equivalent (600%)
at any community college, vocational school or four
Once you reach the 600% Pell LEU,
you will be ineligible for
any additional Pell Grants beginning in 2012-13
National Student Loan Data System (NSLDS) using
your FSA ID
and view your LEU, found on the Financial Aid
What this means for you:
You must plan now
for your future, especially if you plan to transfer
to a four year college to pursue a Bachelors degree. The six year limit is a LIFETIME limit.
This regulation is in effect even if you have had an
appeal approved for failure to meet academic
progress, it supersedes any prior offer of
aid/award, and the Department of Education allows
for no appeal or exception.
For examples of how Lifetime Eligibility Used (LEU)
is calculated and for further detail please visit
the following site:
Late Start Classes:
Disbursement for late start classes will occur the next scheduled
disbursement following the start of class. A student must be
registered for those units prior to the scheduled 2nd disbursement.
Enrollment will be frozen at the time of the 2nd major disbursement
each semester. Per federal regulation, no additional
disbursement will occur for units registered for after this date.
Note: 2nd disbursement amounts will be
adjusted for changes in enrollment
ALERT FROM IRS!!!***
On Wednesday, May 27, 2015, the IRS announced its "Get
Transcript" application had been compromised by cyber criminals. Over 100,000
taxpayers' accounts were illegally accessed. The "Get Transcript" application
has been temporarily disabled. The IRS has taken several additional measures to
protect taxpayers and their confidential information.
This impacts students and families who may be requesting tax transcripts to
complete their financial aid process. At this time, tax transcripts are only
available when requested by mail and take up to ten days for delivery. Students
and parents are strongly encouraged to utilize the IRS Data Retrieval Tool (DRT)
fafsa.ed.gov. Links to a statement from
the IRS and a Q & A list are provided below.
IRS's Full Statement
Get Transcript Q & A
***To obtain an IRS tax return transcript, go to
www.IRS.gov and click on the "Order a Return or Account
Transcript" link, or call 1-800-908-9946. Make sure to request the "IRS
tax return transcript" (not the "IRS tax account transcript").
Student/spouse or student/parent(s) will each need a Social Security
Number, date of birth, and the address on file with the IRS
(normally this will be the address used when the IRS tax return
up to two weeks for IRS income information to be available for
electronic IRS tax return filers,
and up to eight weeks for paper IRS tax return filers. If the
student and/or parents are married, and separate federal tax returns
were filed, IRS tax return transcripts for appropriate year must be submitted for
Check your Zone Account
- Check your
Zone for unsatisfied requirements and financial aid file
updates! Check your ZoneMail for any email announcements from
the Financial Aid Office.
Click here to view Financial Aid Deadlines
Chabot College Financial Aid Web Pages may provide links to other
Internet sites for the convenience of users. Chabot College
Financial Aid is not responsible for the availability or content of
these external sites, nor does Chabot College Financial Aid endorse,
warrant, or guarantee the products, services, or information
described or offered at these other Internet sites. Users cannot
assume that the external sites will abide by the same privacy
policy to which Chabot College Financial Aid adheres. It is the
responsibility of the user to examine the copyright and licensing
restrictions of linked pages and to secure all necessary