ACC awards all students who have completed the FAFSA and met all documentation requirements on a first-come, first-served basis. Notifications of financial aid awards are sent to students in the mail and via student email address. Grant aid awards are considered to be pre-accepted by the student.
Loans and Work Study offers require additional steps in order to be both accepted and paid. You can accept these awards online via the Student Finance tab on myACC or you can stop by the financial aid office for help accepting these types of financial aid. To learn more about loans or work study, just click!
If you have accepted federal direct loans and wish the loan to be applied to your account, two additional requirements must be completed at the studentloans.gov website.
Step 1: Complete Loan Entrance Counseling
- Direct Loan Entrance Counseling explains the obligations you agree to meet as a condition of receiving a Direct Loan
- If you are a student and have not previously received a Subsidized/Unsubsidized Loan or PLUS Loan (graduate students only) under the Direct Loan Program or Federal Family Education Loan (FFEL) Program, you must complete loan counseling for your loan type before receiving a loan. This ensures you understand the responsibilities and the obligations you are assuming
- To complete Entrance Counseling for Direct Subsidized/Unsubsidized Loans and Direct PLUS Loans, sign in using your Federal Student Aid PIN. Select the "Complete Entrance Counseling" option found in the left navigation bar and follow the directions
Step 2: Sign a Direct Loan Master Promissory Note (MPN)
- The MPN is a promissory note that can be used to make one or more loans for one or more academic years (up to 10 years)
- For more information about the MPN, go to the studentloans.gov FAQ website
Accepted aid shows as a payment against your outstanding student account, even if they aid has not paid through to your student bill. As long as you have accepted aid in excess of your outstanding student bill for the term, your account is considered paid with financial aid. In this situation, you will not be dropped from courses for non-payment. Students who do have financial aid and are notified that they are at-risk of being dropped for non-payment should contact the Financial Aid Office immediately at email@example.com.
Payment of your accepted financial aid applies to your student bill the day after the ADD/DROP deadline for the semester. Within two weeks of the ADD/DROP deadline, any excess balance of aid (financial aid refund) is placed on your CCCS Refund Card. Check the Financial Aid Calendar for dates refunds are made available to students.
Packaging Process Principles
ACC awards all aid based upon an estimated full-time enrollment status then adjusts all offers based upon actual enrollment status each term.
The FAFSA application is the base for all financial aid packages. Pell grant will be awarded to those students determined to be eligible for the grant.
First priority for additional funds will be made to those students who complete their financial aid file prior to May 1. Federal Supplemental Educational Opportunity Grant and Colorado Student Grant will be awarded, based on priority, to students who are classified as having high need (typically those with the lowest EFC). These awards will be adjusted based upon actual enrollment. Federal Direct Loans are made available to all students.