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Financial Aid

Financial Aid


Congratulations on your decision to attend Rend Lake College. Higher education is a valuable accomplishment and choosing a community college gives you more bang for your educational buck. Take factors like living at home, or working a job while enrolled in a flexible schedule; and pair them with federal aid, scholarships and grants. Many community college students can nearly attend for free. 

RLC Financial Aid is here to help you figure out how you are going to pay for it. 

How to stay on top of paying for higher education ▼

1 Take a look at the estimated costs of attending.

2Explore different types of financial aid.

3 Next, if you decide you would like to pursue financial aid options, we'll need to determine your eligibility. Go online and complete your FAFSA (Free Application for Federal Student Aid). Be sure to include RLC's federal school code 007119.

4Finally, set up a meeting with an RLC Financial Aid staff member and we can talk about your options.

note-iconStudents who are eligible for financial aid may defer payment of tuition, fees, books, and supplies up to the amount of aid they are receiving. Financial aid not used to cover direct costs will be issued to the student via the RLC Access Card.


NASFAA Code of Conduct ▼

An institutional financial aid professional is expected to always maintain exemplary standards of professional conduct in all aspects of carrying out his or her responsibilities, specifically including all dealings with any entities involved in any manner in student financial aid, regardless of whether such entities are involved in a government sponsored, subsidized, or regulated activity. At the conference, we ask exhibitors, sponsors, and advertisers to adhere to and strictly support our code of conduct and refrain from activities that would place aid administrators in conflict with the code. Specifically, the NASFAA Code of Conduct requires financial aid professionals to:

  • Refrain from taking any action for his or her personal benefit.
  • Refrain from taking any action he or she believes is contrary to law, regulation, or the best interests of the students and parents he or she serves.
  • Ensure that the information he or she provides is accurate, unbiased, and does not reflect any preference arising from actual or potential personal gain.
  • Be objective in making decisions and advising his or her institution regarding relationships with any entity involved in any aspect of student financial aid.
  • Refrain from soliciting or accepting anything of other than nominal value from any entity (other than an institution of higher education or a governmental entity such as the U.S. Department of Education) involved in the making, holding, consolidating or processing of any student loans, including anything of value (including reimbursement of expenses) for serving on an advisory body or as part of a training activity of or sponsored by any such entity.
  • Disclose to his or her institution, in such manner as his or her institution may prescribe, any involvement with or interest in any entity involved in any aspect of student financial aid.

HOPE TAX CREDIT ▼

The Hope Credit is tax credit. Tax credits are subtracted directly from the tax a family owes, rather than reducing taxable income like a tax deduction.A family may claim a tax credit of up to $1,500 per tax year for each eligible dependent. This can be done for up to two tax years. A family may claim up to 100% of the first $1,000 of eligible expenses and 50% of the next $1,000 for a maximum credit of $1,500. The actual amount of the credit depends on the family’s income, the amount of qualified tuition and fees paid and the amount of certain scholarships and allowances subtracted from tuition. The total maximum credit is based on the number of eligible dependents. The taxpayer must claim the eligible student as a dependent, unless the credit is for the taxpayer or the taxpayer’s spouse. The amount of the Hope Credit is phased out if your modified adjusted gross income (MAGI) is between $43,000 and $53,000 for single taxpayers ($87,000 and $107,000 for married taxpayers). You cannot claim a credit if your MAGI is $53,000 or more ($107,000 or more if you file a joint return).

To be eligible, a student must be enrolled at least half-time in an eligible program leading to a degree or certificate.

*A student may be able to take a tuition and fees deduction for their educational expenses instead of the Hope credit. You can choose the one that will give you the lower tax.

For more information regarding eligibility for the Hope Credit, please contact the RLC Business Office, your tax preparer or the IRS.

 


Department Phone Number: (618) 437-5321 ext. 1385
Department Email: 
Address: 468 N. Ken Gray Parkway, Ina, IL 62846 Attn: Financial Aid Office
Fax Number: (618) 437-5677 Attn: Financial Aid Office

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