Financial Aid Frequently Asked Questions

Q. Is my financial aid renewed each academic year?
A. No. You must reapply each academic year. Applications are available January 1st of each year for the upcoming academic year.

Q. What is an EFC?
A. This is the Effective Family Contribution. It is the amount you and your family are expected to contribute toward your educational expenses. The EFC is calculated from all the information you entered on the FAFSA.

Q. Who has access to the information on my financial aid application?
A. Only the financial aid office staff at PJC has access to this confidential information.

Q. Will I have to pay back any financial aid money if I withdraw or quit going to classes?
A. If you receive federal financial aid and do not attend classes beyond the first 60% of the semester you may be required to repay all or part of the aid you received by check or used to charge fees/books. See "Repayment of Financial Aid"

Q. Do I complete a separate application for all types of aid?
A. The FAFSA enables PJC to consider you for PELL, SEOG, and FSAG which is awarded by the Financial Aid Office. Student loans require an additional form that is available only to students with a completed financial aid file.

Q. What is PJC's Title IV Code?
A. 001513

Q. What is my DRN number?
A. Your Data Release Number is the number assigned to your FAFSA results. It is located on the top right corner of your paper SAR or the bottom left corner of the front page cover sheet. This number is used by you to make changes to your SAR. Do not give this number to anyone unless you have agreed to give that person access to your FAFSA information.

Q. Why did my financial aid award change from last year?
A. The formula for determining your EFC may change each year. Any changes in the information you furnish on your FAFSA may also change from year to year.

Q. Must I enroll full-time to receive financial aid?
A. No. Your EFC determines at what enrollment level you are eligible for aid. The FFELP (loan) programs require you to be enrolled at least half-time (6 credit hours) each semester to be eligible. You must enroll only in courses that help you make progress toward your chosen program or degree.