Aid Disbursement
All financial aid will appear as "anticipated" on student bills until
aid has been received and credited.
PLUS loan recipients should remember to
deduct three percent (3%) in lender fees from loan approval amounts
before deducting the loan from the bill. Stafford/PLUS proceeds
will be sent by electronic funds transfer (EFT) or by check and
applied to student accounts. Students will be notified by the student billing
office if endorsement is required. Students will be notified when
loans have been credited and have the option to cancel all or a
portion of those loans.
If a student is receiving an outside scholarship,
they should notify the Financial Aid Office by sending a copy
of the award letter. The college must
include the scholarship as a financial aid resource to prevent
overawards.
Financial Aid Academic Progress Standards
Continued financial assistance is contingent upon the student maintaining satisfactory
academic progress as defined by the Financial Aid Office. It is the student's
responsibility to inquire as to how the financial aid academic progress standards
will affect his or her financial aid (i.e., dropping or withdrawing from
classes and /or falling below a certain GPA). Academic progress standards
are sent to each student when he or she is awarded any type of financial
aid. Full time students are required to complete 18 credits (Graduate) or 24 credits (Undergraduate/Continuing) per academic
level and achieve a minimum cumulative grade point average of 3.0 (Graduate), 1.8 (Freshman), and 2.0 (Upperclassman). Further
details of these standards and the appeal process are available in the Financial
Aid Office.
Financial Aid Refund Policy
Students who withdraw completely from the college should refer to the college's
refund policy in the Financial Information section of this catalog. For students
who have received federal Title IV financial aid, and have withdrawn completely
from the college, the college will follow the return of funds policy in accordance
with the 1998 Code of Federal Regulations 668.22. These federal regulations
will determine how much federal financial aid has been earned and how much
must be returned to the federal Title IV programs by the student and the
college. For a complete copy of the refund policy, contact the Financial
Aid or Student Billing Offices.
The college reserves the right to change the configuration
of any award package throughout the academic year. Adjustments
could result from (but are not limited to) one or more of the following:
change in income reported; change in enrollment status; change
in resident/commuter status; change in need; or receipt of outside
assistance. The financial aid director will analyze each adjustment
on an individual basis. Federal regulations prohibit a student
from receiving aid in excess of his or her need.
Special Family Circumstances
Families with special circumstances involving severe financial hardship should
contact the college for a copy of the college's guidelines for special circumstances
and a form to complete.
Financial Aid for Summer Term
Stafford Loans may be available on a limited basis. The FAFSA that was filed
for the prior year will be used to determine eligibility for Federal aid.
Contact the Financial Aid Office for details on individual eligibility during
the summer.
Updated:
January 3, 2007
Your comments
are welcome.
|
