General Information and Policies | Financial Aid Office

General Information and Policies

  1. Irvine Valley College reserves the right to review, adjust or cancel financial aid awards at any time due to changes in federal, state, or IVC availability of funds.
  2. You are responsible for paying tuition fees if you do not receive financial aid to cover your institutional charges in full. Failure to pay your remaining balance on time may result in being dropped from courses and/or inability to register for future terms.
  3. You are responsible for being admitted to a degree or certificate program that is eligible for financial aid. Certificate programs less than 18 units and adult basic education programs are ineligible to receive financial aid.
  4. Your financial aid offer will be voided and/or cancelled if it is based on any error in determining eligibility for aid, whether you or the Financial Aid Office made the error.
  5. Your award may be adjusted or cancelled due to changes in financial aid need, new aid received after you have been initially awarded, unit enrollment at census, state residency, dependency, marital or academic status, or failure to comply with state, federal and institutional regulations.
  6. Your eligibility for financial aid programs is contingent upon your meeting Satisfactory Academic Progress (SAP) policies.
  7. The amount of financial aid you are eligible to receive is based on your unit enrollment.
  8. If your financial aid is greater than your total fees, the Business Office will disburse the excess funds to you via direct deposit or paper check which will be sent to your current mailing address in MySite. Please verify your correct mailing address with the Admissions and Records Office located on the first floor of the Student Services Center.
  9. If you stop attending a course, you are responsible for withdrawing with the Admissions and Records Office. Withdrawal from one or more courses may result in cancellation or repayment of all or part of your aid.
  10. If you withdraw from IVC, any fee refund due may be returned to the appropriate financial aid program.
  11. If you will not attend IVC, you must drop all classes through MySite by the last day to drop and qualify for a refund (See Class Schedule), or you will be liable for your fees. After the first day of the semester, you must go through the withdrawal process with the Admissions and Records Office. A student who withdraws during the semester and has received financial aid may be required to repay the funds received.
  12. Receipt of federal, state or institutional aid authorizes IVC to apply your financial aid disbursement(s) to pay for your institutional fees and other education related charges. *This authorization will remain effective throughout your entire period of enrollment at IVC. You may rescind this authorization at any time by contacting the Business Office. *Federal regulations allows IVC to apply a student's financial aid automatically to his/her account for allowable institutional charges, such as tuition and fees.
  13. Regulations governing financial aid are subject to change at any time without notice.