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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.
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Financial assistance is awarded for one school year or less, depending
on the number of terms of intended enrollment.
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Students must file the FAFSA each academic year.
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Assistance continues each year provided the student is still eligible
to receive aid. The amount of federal aid granted and components of
the financial aid package may vary from year to year.
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The ability to provide aid depends not only on the availability of
funds but also on the student maintaining Satisfactory Academic Progress,
i.e., earning at least 12 credits fall and 12 credits for the combined
winter/spring term (24 credits per academic year). See Maintaining
Eligibility for Financial Aid.
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Satisfactory progress is reviewed on a continuing basis each school
year. Part-time students (less than 12 credits) must earn half the
required units and maintain academic standing.
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Any student on academic probation may not be awarded institutional
financial aid unless otherwise approved through petition to the Financial
Aid Committee through the Office of Student Financial Services.
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Part-time students are not eligible for institutional financial awards.
Federal aid is prorated based on the number of credits taken.
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All students receiving federal aid must be working toward a degree
or teaching certificate.
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Enrollment in a college study abroad program that is approved for
credit by Albertson is considered enrollment at Albertson College
for the purpose of applying for federal student financial assistance.
Federal aid may be used to pay for study abroad, but institutional
aid is not available. If the program costs are more than the
tuition at Albertson College, the student is responsible for the additional
charge.
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 Procedure
Students 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.
3. File an Albertson College Scholarship Application.
- RENEWAL FAFSA APPLICATIONS: Students who applied for federal
aid for the prior academic year will receive a pre-completed Renewal
Application form from the federal processor. It will be in the same
format as the Student Aid Report, and students simply update information
that is no longer accurate on the Renewal Application. Renewal Applications
will be prepared each year by the federal processor for applicants who
applied before the start of the prior academic year.
To apply on-line or for a detailed list of scholarships, 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 Withdrawals
Institutional Refund Policy
The 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 Policy
INSTITUTIONAL REFUND POLICY
The 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 POLICY
If the student is eligible for a refund based on the refund policy
of this school, and the student has received any federal monies, part
of the refund must be applied to those federal funds. A calculation
will be done by the Office of Student Financial Services to determine
the amount of funds to be returned to the federal programs. Work-study
funds, both federal and institutional, are not included in this calculation.
The student will receive a copy of the calculation and the assignment
of refund amounts to the various fund accounts will be itemized.
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):
- The Federal Unsubsidized Stafford Loan Program
- The Federal Subsidized Stafford Loan Program
- The Federal Perkins Program
- The Federal PLUS Loan Program
- The Federal Pell Grant Program
- The Federal SEOG Program
- Other Title IV Programs (LEAPP/SLEAPP)
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 Aid
Satisfactory Academic Progress
To 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:
- Students falling below the standards for the first time will receive
a Warning Letter. After the next academic year, progress will
be checked again and aid will be continued if standards are met.
- If the standards are not met, a Financial Aid Suspension letter
will be sent to the student. A student may receive only one
warning during their enrollment at the College. After the first warning
has been received, a student will be placed on financial aid suspension
at any point that the standards are not met.
- If a student is suspended, reinstatement can be accomplished by
completing a full term at full-time status at the student's
own expense, or by appealing the suspended status. (The appeal
process is explained in the following section.)
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 if applicable, supporting documents from a member of the medical
profession 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 SITUATION
Incompletes
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.
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