Announcements
2012-13 FORMS are now available! Please
log into your Zone account to view your required forms for the
2012-2013 aid year and submit forms to the financial aid office.
Coming Soon:
Electronic BOG Fee Waiver Application - Stay Tuned!
2012-13
Verification Forms and BOG Application
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 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 accepted
to meet this requirement for students beginning a program of
study after 7/1/12.
- Students will no longer have the interest on their
subsidized loans paid during the 6 month grace period before
repayment begins.
Most of these changes are effective with the 2012-2013- school year
(Fall 2012) or July 1, 2012. Please review changes in detail all
federal financial aid changes at the
following link:
http://studentaid.ed.gov/PORTALSWebApp/students/english/recentChangesSA.jsp
URGENT TO READ:
Pell Grant Limits
(LEU)
New!
Pell Lifetime
Eligibility Used (LEU)
Students are
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
year/bachelor program.
Once you reach the 600% Pell LEU,
you will be ineligible for
any additional Pell Grants beginning in 2012-13
school year.
http://studentaid.ed.gov/PORTALSWebApp/students/english/PellLimit.jsp
In
mid-July 2012, you will be able to log on
National Student Loan Data System (NSLDS) using
your FAFSA PIN
and view your LEU. The LEU will be found on
the Financial Aid Review page.
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,
regardless of completion of your academic goals or
Bachelors degree.
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:
http://studentaid.ed.gov/PORTALSWebApp/students/english/PellLimit.jsp
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
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.
Apply for Financial Aid Today!
2011-2012 School Year (Fall 2011, Spring
2012, Summer 2012)- Online FAFSA available January
1, 2011 - June 30, 2012.
After submitting your FAFSA, allow 10 business days
for Chabot College to receive your information, and check the Zone
for any additional verification requirements. Allow 6-8
weeks after you have submitted all required documents for our office
to process your file and determine eligibility.
2012-2013 School Year (Summer 2012 enrollment
fees only) (Fall 2012, Spring 2013,
Summer 2013) Online FAFSA available January
1, 2012 - June 30, 2013. Complete your FAFSA by the March 2, 2012
priority deadline using 2011 Federal Income Tax information.
2012-2013 Aid Processing
- 2012-2013 Verification forms - Forms
coming soon
- Be prepared for 6-10 weeks for processing during our peak
time (Summer and early Fall)
- Deadline to submit verification for first Fall 2012
disbursement is 07/02/2012.
- Documents submitted after 7/02/2012 will be processed by
date received and eligible students may not receive a
disbursement until later in the semester.
- If you submit your 2012-2013 documents after
07/02/2012, you
will need to make alternate arrangements to purchase books and
complete the semester successfully.
- Please review processing details
here.
To speed up 12-13 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
accuracy.
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 2011
IRS income
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, a
2011 IRS tax return
transcript (not a photocopy of the income tax return) must be
submitted.
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 2011 IRS tax return
was filed). It takes
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 2011 tax returns
were filed, 2011 IRS tax return transcripts must be submitted for
each filer.
- 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
Calendar / Upcoming Office Closures
Financial Aid's Hours of Operation
(window) for Summer are as follows:
Summer Calendar Coming Soon
Disclaimer:
Some 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
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or guarantee the products, services, or information described or offered at
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