Financial Aid

Spring 2023 – Financial Aid Disbursement

Financial Aid Disbursement for Spring 2023 begins on Friday, January 20, 2023.

Students expecting disbursements should log into eServices to view their Financial Aid Status and review/accept their Financial Aid funding. Student loan borrowers must complete the loan acceptance process (including an online entrance counseling session and master promissory note) before funds are made available for disbursement. It is also important to make sure you have selected your disbursement preference (direct deposit to an existing bank account or use of a BankMobile Account).

General information about disbursement and common reasons for delays can be found as part of the Award Guide.

We know Financial Aid is confusing for many students. We are here to help!   Stop into the Welcome and One Stop Center for assistance.  Welcome Center staff are ready to support students with answers to questions and help in navigating the Financial Aid process.  In addition, Financial Aid Specialists are on-hand to help students needing extra assistance or to address complicated situations.

2022-2023 Financial Aid Application (FAFSA) 

If you are attending RCTC for Fall 2022 (or will be for Spring or Summer 2023), and have not yet applied for Financial Aid, it is not too late!  Complete the 2022-2023 Free Application for Federal Student Aid (FAFSA) now.  Questions?  Need help?   Come and see us in the Welcome and One Stop Center!

Minnesota Future Together Grant:

A new grant is available beginning Spring Semester, for students enrolled in a program leading to a high-need occupation.  Qualifications are listed here.  Check your award notice in eServices to see if you qualified for this program.

Financial Aid Information


Financial Aid Applicants