FAQs & Resources

• Am I Eligible for Financial Aid?

  • To find out if you are eligible for Financial Aid, click here.

• Financial Aid Checklist

  • • Watch a video on how to accept Financial Aid
    • Written transcript on how to accept Financial Aid can be found here
    • Submit the Free Application for Federal Student Aid (FAFSA) as early as October 1 of each year. Richard Bland College priority filing date is March 1 of each year. Click www.fafsa.ed.gov to begin the process. The Richard Bland College of William & Mary code is 003707
    • Respond promptly to any request for verification of information (i.e. Tax Returns, Transcripts, W-2’s, etc.)
    • Students will receive an Award Notification via the mail or email with instructions on how to accept your Financial Aid Award. Please check your RBC email
    • View and accept, decline or reduce your financial aid awards using Banner. (Instructions will be provided to you)
    • Notify the Office of Student Financial Aid if you receive any funding from other sources and complete the Non-College Award Notification Form (under documents and forms tab).
    • If you will be accepting your Subsidized and/or Unsubsidized Loans, please complete the Entrance Counseling and Master Promissory Note online at www.studentloans.gov
    • If you need additional funding, your parent(s) may complete a Direct Parent Loan online at www.studentloans.gov.
    • Seek both on-campus and off-campus jobs via the Work Study programs on campus. You may apply for work-study at www.rbc.edu, Select ‘Student Employment’, and complete the Application online
    • Review your Tuition Bill and enroll in a payment plan if needed at www.MyCollegePaymentPlan.com/rbc. You may also speak with the Business Office regarding your balance (804) 862-6100

• Completing the Verification Process

  • Students can complete the verification process here.

• Understanding Financial Aid Cost of Attendance

  • Standard student budgets have been established by the Financial Aid Office to help determine your eligibility for aid. They take into account all the normal expenses you may expect to incur while attending Richard Bland College; your tuition, on campus meal plans, room and board, etc. factors such as certain program fees, and transportation are also taken into consideration.

    These budgets also do not reflect the direct costs you will be billed by the college. Students will not always live on campus and have those charges that need to be paid directly to the school, and we understand this.  The room and board portion of your budget establishes that you will experience expenses either on or off campus for room and board and need to have an allocation to represent those costs.

    The Financial Aid Office will provide you with an award package to assist in meeting your needs based on the results of your FAFSA.  Please keep in mind that the Financial Aid Office may not be able to meet your full cost of attendance with an aid package, but there are additional financing options that can be explored to help you pay for these expenses.

    The budgets are not intended to meet everybody’s full financial responsibilities; rather, they are average or typical costs for students during an academic year. Of course, actual expenses will vary among students, depending on lifestyles, priorities, and obligations. You should notify the Financial Aid Office of any additional costs related to your transportation, medical and child care costs. With supporting documentation, such factors may merit an adjustment in the amount of financial aid to which you are entitled.

    Examples of Costs that are included in your Financial Aid Budget

    To review the Cost of Attendance Budget, click here.

    Costs Included in Your Financial Aid Budget	Billed Directly by College?
    Tuition & All Mandatory Fees	Yes
    On Campus Room/Housing	Yes
    On Campus Meal Plan	Yes
    Off Campus Housing	No
    Transportation Allowance	No
    Book Allowance	No, Book Vouchers are exceptions
    Miscellaneous/Personal Expenses	No

• Types of Financial Aid

  • Grants

    Review the Pell Grant chart to determine your grant. Learn more about Grants

    2020-2021 Pell Grant Scheduled Award Chart (pdf)

    Federal Loans

    Information on Federal Loans can be reviewed at this link: More Information

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    Scholarships

    Various type of scholarships are available at the RBC website

    Endowed/Foundation Scholarships

    Promise Scholars

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    Work Study

    Campus employment through work-study jobs are available to eligible students. Work Study Page

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    Private Educational Loans

    Information for private education loans can be found at this link: More Information

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    Statesman Scholar Financial Assistance

    Students may be eligible for this program which is based on the student’s cumulative high school GPA and overall Expected Family Contribution (EFC) as determined by FAFSA. Learn More

• How to Accept Your Financial Aid

  • Click here to learn how to accept your Financial Aid.

    A transcript on how to accept your Financial Aid can be found here.

• Satisfactory Academic Progress (SAP)

  • Maintaining academic standing is an important component of receiving Financial Aid. Click here to learn more.

• Veteran’s Military Benefits

  • How to apply for military benefits. Click here to learn more.

• Terms and Conditions of Financial Aid

  • Click here to review the terms and conditions of receiving Financial Aid.

• Financial Literacy

  • “The Office of Financial Aid is excited to announce a program for financial literacy called ECMC Learning.” Click here

• Students Right to Know

  • The Student Right-to-Know Act, passed by Congress in 1990, requires institutions eligible for Title IV funding, under the Higher Education Act of 1965, to calculate completion or graduation rates of certificate- or degree-seeking, full-time students entering that institution, and to disclose these rates to current and prospective students. Learn more

• Net Price Calculator

  • The Net Price Calculator was developed to help families plan for future educational costs at Richard Bland College. Click here to learn more.

• Withdrawals

  • All students receiving federal student financial aid are subject to the Federal Title IV funds refund policy. Richard Bland College of William & Mary is required by federal law to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60% of the term. Click here to review the policy.

• Resolving Disputes: Ombudsman Office

  • If you’re in a dispute about your federal student aid, contact the Ombudsman Group

    FSA Ombudsman Group
    Click here

    Office of the Qualified Education Loan Ombudsman
    Click here