04-05
2008-09
Great Basin College
Student Financial Services Office
Handbook
1500 College Parkway
Elko, NV 89801
(775) 753-2399
(775) 753-2390 FAX
email: gbcfinaid@gbcnv.edu
web site:gbcnv.edu/financial
Dear Student:
“The Guide” is an important tool to help you know and understand the policies and procedures for receiving and maintaining eligibility for financial aid. It also details your rights and responsibilities as a financial aid recipient.
Advisors are available on a rotating schedule to assist you on a walk-in basis during regular office hours. For in depth financial aid questions or problems, students should work directly with a financial aid advisor to resolve the issue. Students may reach a financial aid advisor by telephone, e-mail, fax or in-person.
Students must reapply for financial aid and most scholarships every year. We recommend students reapply for financial aid by completing the Free Application for Federal Student Aid (FAFSA) on-line at fafsa. each January. The Scholarship Application is available for students on our Web site in early December for the following academic year. The deadline for the Scholarship Application is early February of each year.
The 2008-2009 academic year brings several important reminders for our applicants:
• PIN: Students and parents of dependent students are encouraged to apply for a federal PIN # at pin.. The PIN # can be used to sign the FAFSA, make FAFSA corrections, and access other federal student aid services on the Internet.
• VERIFICATION: Each year the federal processor and/or our office selects a sample of FAFSA applications for review.
No further processing of the financial aid file occurs until the required documents are submitted. If the required documents are not submitted by the deadline, the need-based aid offered is withdrawn and given to another need-eligible student.
• 30-DAY DELAY: First-time, first-year undergraduate students are subject to a 30-day hold on the disbursement of Stafford Loan and PLUS loan funds. The 30-day waiting period begins on the first day of the semester. This is a federal regulation.
• ONE SEMESTER ONLY LOANS: If you borrow for one semester only, the Stafford Loan and/or PLUS Loan must be disbursed in two equal installments within that semester. One half is disbursed at the beginning of the semester and the second half at the mid-point of the semester.
FORMS AND PUBLICATIONS: Students may download forms from gbcnv.edu/financial under Financial Aid Forms. We supply paper versions of forms and publications upon request. We accept faxed forms and/or documents.
Thank you for taking the time to read “The Guide”. Please refer to it throughout the academic year.
Sincerely,
Scott Nielsen
What Programs Are Available?
There are four basic types of programs available: grants, loans, student employment and scholarships.
Grants Program – Grants are need-based, “gift aid” that does not need to be repaid.
PELL GRANT (PELL) is the foundation of financial aid for undergraduates. It is a federally funded grant program for U.S. citizens and eligible non-citizens. The Expected Family Contribution (EFC) and enrollment/funding status (full time, 3/4 or 1/2 time) determine Pell Grant eligibility and amount. If you are enrolled less than half time ( ................
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