Academic Catalog 2014.2015 - page 17

Financial Aid Warning for Failure to Meet
the Unit Requirement
If, at the time of the unit evaluation, a student has
failed to complete 80 percent of the attempted units,
they will be placed on Financial Aid Warning and will
be notified of the failure to meet the requirements.
That student will have one semester in which to
improve this percentage. If, by the end of that
semester, the student has not completed 80 percent
of the cumulative attempted units, that student will
have all financial aid suspended until such a time as
they have met the requirement. The student may
again apply for financial aid after requirements have
been met.
Appeal
A student may appeal this suspension by presenting
a letter of appeal to the Office of Financial Aid.
The appeal must include why you have failed to
meet satisfactory progress. It must also include
what has and will change in order for you to achieve
Satisfactory Progress by the next semester. Cases of
extreme illness or death in the family will be taken
into consideration. The Office of Financial Aid will
notify the student as to the final decision.
An approved appeal will grant the student one
semester of probation in which they will still be
eligible to receive Financial Aid. If, at the end of
this probation period, Satisfactory Progress is not
met, the student will be placed on Financial Aid
suspension until such time as the student has met
the requirements.
FORMS OF FINANCIAL AID
Financial aid is money provided from federal
and local governments, independent and private
organizations and from funds set aside by the college
to assist families in meeting the costs of higher
education. Most opportunities for financial assistance
fall into either of two categories: “merit-based aid”
and “need-based aid.”
“Merit-based” scholarships are granted based on a
student’s achievements or promise of achievement in
several areas including, but not limited to, academics,
music and athletics. “Need-based” aid, as the name
implies, requires that the student and their family
demonstrate a financial need in meeting college costs.
Simply stated, financial need is the difference between
the amount a family is expected to contribute and the
actual amount to attend college. In most cases the
amount of financial aid offered will be based on a
combination of factors involving both types of aid.
Once application materials are received, students
are assigned counselors to assist them through the
financial aid process. New students continue to work
with their Admissions counselors while continuing
students are assigned a counselor from the Office
of Financial Aid.
Information on financial aid for the Degree
Completion program and the Master of Arts in
Biblical Counseling is located within their respective
sections of the catalog.
Financial Aid Refund Policy
Dropping Classes
A student’s final eligibility for aid will be based on
the number of hours for which they are enrolled
on the Official Day of Record, as listed in the class
schedule. If a student registers for, and then drops a
class (or classes) prior to the Official Day of Record,
the student’s eligibility for aid will be recalculated
based on the hour remaining as of the Official Day
of Record. Since financial aid is released prior to
the Official Day of Record, students who receive
a financial aid payment based on more hours than
those remaining as of the Official Day of Record
may be responsible for repaying a portion of any
financial aid received.
Dropping classes may affect a student’s eligibility for
future aid. Students should consult the Satisfactory
Academic Progress Policy, or the Office of Financial
Aid to determine if dropping classes will affect their
eligibility for future aid.
Total Withdrawal from School
If a student registers and then completely withdraws
from all classes, their eligibility for aid will be
recalculated based on the number of days they
attended class. If a student totally withdraws from
all classes prior to the first class day, all financial aid
will be canceled and no funds will be disbursed. If
a student withdraws on or after the first class day,
the student may have to repay a portion of any cash
financial aid received. See Return of Title IV Funds.
Financial Aid
17
THE COLLEGE
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