The Free Application for Federal Student Aid (FAFSA) should be sent to the central processor after January 1 after filing your income tax return. Applicants must file the FAFSA to apply for federal and state aid. Forms may be obtained from high school guidance offices or in the financial aid, counseling, and student support offices at Texarkana College. Priority deadlines at TC are:

To receive financial assistance a student must:

• show need
• have a high school diploma or a General Educational Development (GED)
• be enrolled as a degree or certificate seeking student in an eligible program
• be a U. S. citizen or eligible noncitizen
• have a valid social security number
• make satisfactory academic progress
• not owe a repayment on a PELL Grant, Supplemental Educational Opportunity Grant, or state grant
• not be in default on a Perkins Loan or a Federal Family Education Loan

Determining Financial Need

TC financial assistance programs will enable students with academic aptitude and demonstrated financial need to carry out their educational plans. Institutional funds are intended to close the gap between the family's resources and actual college costs. The gap or difference between the two is called financial need. An assessment of each family's financial situation establishes the basic framework for awarding financial aid.

When a student applies for federal student aid, the information reported is used in a formula established by the U. S. Congress, which calculates Expected Family Contribution (EFC). This becomes the amount a student and/or their family are expected to contribute to the educational costs.

This report is carefully analyzed by the financial aid office and plays an important part in determining how much aid will be made available to the student at TC.

Cost of Attendance

• The elements used in determining the cost of attendance are:
• tuition and fees
• miscellaneous expenses (clothing, personal, medical, etc.)
• books and supplies
• transportation
• dependent daycare
• room and board

Note: COA figures are available in the financial aid office at TC

Verification Process

Verification is a process that is required of all students selected by the Department of Education (DOE). A student file will not be eligible for federal aid until this process is completed.

All students flagged for verification by DOE must submit the following items to the TC financial aid office:

• TC Financial Aid 2008-2009 Application
• TC Financial Aid 2007-2008 Application
• ABC 2008-2009 Worksheet from FAFSA
• ABC 2007-2008 Worksheet from FAFSA
• Grade Transcript(s) from all college(s) attended
• High School Transcript (with date of graduation) or GED
• Signed copy of 2005 or 2006 Federal Income Tax Return as applies, complete with all schedules and copies of W2's for you, your spouse or parent(s) if applicable. If you do not have a copy of your tax return, you may request one by calling (800) 829-1040.
• 2005 or 2006 Untaxed Income Verification as applies(Veteran's non-educational benefits, workers' compensation, Social Security benefits, SSI, AFDC/TANF, etc.)
• Verification of Separation 2008-2009
• Verification of Separation 2007-2008
  and required documentation (if applicable)
• Divorce papers, marriage license, death certificate (if applicable)

To avoid unnecessary delays, please submit all required documents promptly. Documents with blanks and/or missing signatures will be returned! We cannot complete the verification process until we receive complete documentation. Failure to report or document information on the application accurately may result in loss of eligibility, require repayment, or fines.

Student Responsibilities

Students receiving financial aid must inform the Financial Aid Office when they:

• withdraw from school
• change their name
• change their mailing address
• receive any additional financial aid from any other source(s)

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