Financial Aid

2024-2025 FAFSA Delay
The Department of Education has announced that student FAFSA data will not be released to institutions of higher education until March. As a student, please know that the delay will not impact the amount of the award you are eligible to receive.
To best prepare financially for the Fall 2024 term,

  • have access to 2022 tax materials in case needed for verification,
  • complete the FAFSA, and
  • understand the cost of attendance.

We ask for your patience as our Financial Aid team works through student data files as they become available.

 

We know Financial Aid is confusing for many students. We want to help you! Stop into the Welcome and One Stop Center for assistance. The Welcome Center staff are ready to support students with answers to questions and to help navigate the FAFSA and the Financial Aid process. Financial Aid Specialists are also on hand to help students needing extra assistance or special circumstances.

Summer Session Financial Aid

RCTC uses information from the student’s 2023-2024 Free Application for Federal Student Aid (FAFSA) to determine eligibility for Summer Session financial aid.  Students who have received aid for the 2023-24 school year and/or have a completed Financial Aid file will automatically considered for Summer Session Financial Aid, beginning in March.  Summer Financial Aid information.

Bookstore Charging:  May 13 – June 3, 2024
Summer Disbursement begins:  June 7, 2024

Financial Aid disbursement process. Also, make sure to select your refund preference so you have immediate access to your funding.

Complete your 2024-2025 FAFSA now! 

Students must complete the 2024-2025 Free Application for Federal Student Aid (FAFSA) to be considered for financial aid for the 2024-25 school year.  The Department of Education has made significant changes to the application process with the intent of simplifying the application process.  As with any change, we know you may have questions or need extra help.  Please stop into the Welcome and One Stop Center, drop us an email at financialaid@rctc.edu or give us a call at (507) 285-7557 if you need assistance.  We are here to help!

Minnesota North Star Promise Program

Beginning in Fall 2024, the Minnesota North Star Promise program will create a tuition- and fee-free pathway for Minnesota residents with incomes under $80,000. After other aid has been applied, eligible students who still owe a balance for tuition and fees will receive the Minnesota North Star Promise scholarship to pay these remaining costs. Final details and requirements for this program are still being developed. Current eligibility rules and program development.

Financial Aid Resources

Financial Aid Applicant Resources