Student Financial Assistance |
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Mission Statement Introduction Student Academic Procedures Academic Policies Satisfactory Independent Study, Department and Course Listings Anthropology/ Admission and People |
We believe that a liberal arts education is one of the wisest investments a student can make. The college further believes that good scholarship performance should be rewarded, regardless of a family's ability to finance an education. No qualified student should be denied the right to pursue this type of postsecondary education because of a lack of financial resources. A college education represents a major financial undertaking. The Office of Student Financial Services is eager to work with students to help them develop an educational funding strategy. Working closely with each student, the college seeks to identify and obtain maximum funding from all available sources with a combination of scholarships, grants, loans and work. Students who complete the financial aid process in a timely manner and are pre-registered have an advantage in the awarding process. Information must be provided within the deadline outlined in each student's correspondence or aid may be held or canceled. Albertson uses a combination of federal aid methodology and institutional policy to provide a uniform method to assess a family's financial strength and to estimate the expected family contribution (EFC) toward the student's cost of education (COE - the student expense budget). The COE includes tuition, fees, books and supplies, room, board, personal expenses and transportation allowance. All students are encouraged to file a Free Application for Student Aid (FAFSA) form for:
Scholarships and grants received in excess of the amount used to pay for tuition, fees, books, supplies and equipment are considered taxable income for U.S. income tax purposes. It is the student's responsibility to report this income on their tax return. Students will receive a financial aid letter after acceptance for enrollment and receipt of application materials. Students are asked to accept or decline their financial awards within 21 days of receipt of their award letter. Students must submit a $300 deposit if they choose to attend. Students are expected to read, sign and return a copy of the Awards Letter/Conditions of Awards Statement included in the award package.
Since changes occur regularly in federal regulations concerning financial aid programs, the information in this catalog may change without notice. Additional information about financial aid can be obtained from the Office of Student Financial Services. Application ProcedureStudents seeking financial assistance must: 1. Complete the application process for admission to the college.2. File a Free Application for Federal Student Aid — entering our code, 001617, when completing the FAFSA form.
To apply on-line or for a detailed list of scholarships, and grants and loans, please see the college web site at: www.collegeofidaho.edu or call the Office of Admission at 459-5305 or 1-800-224-3246 for a free brochure. Refund Policy for WithdrawalsInstitutional Refund PolicyThe refund amount is determined by the total payment on account from all sources, minus the charges for tuition, fees, room and board for the enrollment period, as outlined in the Expense Section of this catalog. Funds are returned to the federal programs (according to the federal refund policy), institutional programs, outside scholarships and then to the student. Federal Refund PolicyINSTITUTIONAL REFUND POLICY FEDERAL REFUND POLICY The amounts returned to the federal programs must be applied in the following order (no refund can exceed the amount the student received from that fund):
All scholarships and loans awarded for periods after the withdrawal will be canceled, and any loan funds received will be returned to the lending institution. Any outside scholarships received after withdrawal will be returned to the donor. Maintaining Eligibility for Financial AidSatisfactory Academic ProgressTo maintain your eligibility for financial assistance, both from the institution and the federal and state governments, you must maintain Satisfactory Academic Progress. Progress is defined as completing a required number of credits each academic year with an appropriate grade-point average and an 80% completion rate. There are two departments that monitor satisfactory academic progress. The Registrar's Office monitors coursework for academic standing (see Academic Policy and Procedures; Academic Progress) and the Student Financial Services monitors academic progress for financial aid eligibility (see requirements listed below). Because these are two separate processes you may have different standings between the Registrar's Office and the Student Financial Services. Each office has their own petition/appeal process and the student may have to complete two petitions/appeal forms. The requirements are as follows: A student must maintain full-time status to receive the maximum amount of aid. Full-time status for federal and institutional purposes is the completion of 12 credits for the Fall Term and a total of 12 credits for the combined Winter/Spring Term. Winter/Spring terms have been combined for registration and payment purposes. Failure to complete 12 credits per term may result in a loss of financial assistance. Check with the Office of Student Financial Services before withdrawing/dropping from classes. A student must also complete 80 percent of attempted credits to maintain satisfactory progress. This means that any credits dropped after the add and drop period or receiving an F grade in a course may affect your satisfactory progress. An acceptable grade point average must be maintained in order to continue to receive financial assistance. The criterion is the maintenance of a 2.0 cumulative grade point average. Many of our scholarships are reduced if the student's cumulative grade point average falls below a 3.0. Students should refer to their award letter or the Office of Student Financial Services for additional information. If a student registers for less than a full-time course load (11 credits or less), the student will receive a pro-rated amount of federal aid. No institutional aid can be received at less than full-time status. There is a time limit and number of credit limit set for eligibility for financial assistance. Any student who begins an academic term with more than 124 credits will receive only half of their scholarship funds. No student may receive financial assistance once they have received 150 undergraduate credits during their academic career or after they have graduated. The exception to this is the fifth year internship through the education department, which occurs after a student graduates. The standards for progress will be applied uniformly, regardless of the source of funding. After review of students' academic records, notification letters will be sent to students who do not meet the academic criteria. The letters are as follows:
Appeal process: A student has the right to file an appeal regarding their financial aid by completing an appeal form available from the Office of Student Financial Services, securing a recommendation from their academic advisor and submitting these materials to the Office of Student Financial Services. This office will then present a student's appeal materials and academic transcripts to the Financial Aid Committee, which will review the student's performance and make a recommendation for reinstatement of funding or other options. TREATMENT OF SPECIAL ACADEMIC SITUATIONIncompletes: If completed during the academic year in which they are incurred, incompletes may be counted toward the academic progress standard. Withdrawals: Withdrawals will reduce the number of credits earned and will affect the academic progress standards. No Completed Courses: Failure to earn any credits in an enrollment period will result in loss of eligibility for aid in the next period. Non-Credit Remedial Courses: These classes will count as part of the course load for the purposes of meeting the standards. Repeated Courses: Courses may be repeated in accordance with the policies in the general catalog and satisfactory progress standard. |