Paying for College
Paying for College
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Frequently asked questions
When will I start receiving my financial aid?
Per RLNC policy, the first disbursement is scheduled to happen 21 days after the student's first day of attendance. Students must have completed all steps of the financial aid process (including verification, if selected) to be eligible to receive their awards.
What is verification and why did I get selected?
Verification is a process that every school uses to verify the data reported on a student's FAFSA form is accurate. You will be requested to submit additional documentation taht supports the information you reported on your FAFSA.
What is EFC? Is that the amount I need to pay to attend college?
EFC stands for Expected Family Contribution and it's a measure of your family's financial strength and is calculated according to a formula established by law. This formula considers things like taxed and untaxed income, assets, benefits (unemployment or Social Security), family size, and the number of family members who will attend college. EFC is NOT the amount you will have to pay, nor is it the amount you will receive. It is used by your school to calculate the amount of federal student aid you are eligible to receive.
Why am I considered a dependent student when I don't live with my parents and I support myself?
FAFSA regulations state that a student who does not live with their parents or were not claimed by their parents on tax forms does NOT make them an independent student. There are questions on the FAFSA that help determine a student's dependency status.
What Financial Aid should I apply for?
First, complete the FAFSA, apply for the Minnesota Indian Scholarship (if applicable), apply for your tribal scholarship program if they offer one, and complete any outside scholarship applications you are eligible for. You are also required to complete a student interview on our Virtual Financial Aid Office (VFAO) website. Both Native and non-Native students may be eligible for scholarships at Red Lake Nation College.