Student Expense Budget Repayment Policy General Informatio Financial Aid Waiver Request Procedure Students who are denied initial granting or continuance of financial aid, and who feel their denial was based on an error or misunderstanding, may request eligibility by exception through the following steps: 1. Request an interview with a Financial Aid administrator; 2. Write a letter addressed to the Financial Aid Appeals Committee, explaining their circumstances, and turn this letter in at the Financial Aid office. The Financial Aid Appeals Committee meets the first Tuesday of each month. The Committee action will be reported to appealing students through the Financial Aid office. Financial Aid Programs The financial aid programs of grants, loans, and work opportunities available to eligible students are identified and described as follows: Federal Work-Study (FWS) Students may be eligible to work part-time to earn part of their education expenses if they are enrolled at least half-time as an undergraduate or graduate student and have demonstrated financial need as determined by the Federal application. The Financial Aid office arranges jobs on campus or off campus with public or private non-profit agencies. Career Services handles the posting of work- study job openings and referring students to the positions. If students are found to be eligible, they may be employed for as many as twenty (20) hours a week as determined by their award. In arranging a job and determining how many hours a week students may work under this program, the financial aid officer will take into consideration: (1) their need for financial assistance; (2) their class schedule; and (3) their health and academic progress. In general, the wages are at least equal to the current minimum wage. Federal Family Education Loan (FFEL) Federal Stafford Loan Students may apply for a loan if they are enrolled or have been accepted for enrollment in a degree or certificate program. A student who is enrolled on a full-time basis may borrow a maximum of $2,625 per academic year for freshmen, $3,500 for sophomores, $5,500 for juniors and seniors, and $8,500 for graduate and professional students. The annual limit is prorated based upon enrollment level and length of program of study. The total aggregate maximum amount is $23,000 for dependent undergraduate students, $46,000 for independent undergraduate, and $138,500 for graduate study. The graduate maximum includes amounts received as an independent student. The interest rate under current regulations does not exceed eight and one-half (8.5) percent. Current regulations require a need analysis for all Stafford applicants. An approved need analysis application for use in the campus-based programs (Federal Perkins loan, FSEOG, FWS) must be used to determine the family contribution for all Stafford applicants. The Financial Aid Office will not certify a Stafford application for any student who is in default on a previous education loan (NDSL, PLUS, Stafford, SLS, etc.) or who owes a refund on a grant (PELL, SEOG, Student Expense Budget The following budgets are those typically used to calculate the financial need of students with the characteristics indicated below. Adjustments to these typical budgets are made to reflect special needs of different individual students. Other Non- Resident Graduate Commuter Resident Resident Graduate Non-resident Tuition and Fees $1638 $1638 $4866 $1767 $5319 Books and Supplies 537 537 537 900 900 Room and Board 2256 4440 4440 4400 4400 Transportation 975 975 975 975 975 Personal Expenses 936 1752 1752 1752 1752 Total Estimated Budget $ 6342 $9342 $12,570 $9834 $13,386 Budgets cover nine-month period All costs are subject to change and all funding subject to availability of funds. 20 SSIG) received for attendance at any institution. This loan is guaranteed by the State and insured by the Federal Government. This loan must be repaid. Re-payment begins six months after the student withdraws from school, graduates or drops below half-time. The borrower may be allowed up to ten years to repay the loan. Minimum repayment amount is $600 per year depending on the size of the debt. Students may be granted payment deferments - up to 36 months while seeking and unable to find employment; up to three years for economic hardships or pursuing at least a half-time course of study at an eligible institution, etc. For details about these and additional deferments, application forms, and information on other FFEL programs (unsubsidized Stafford, Federal SLS, and Federal PLUS loans), contact the Financial Aid Office. Federal Pell Grant Regularly enrolled and matriculated students may be eligible for Pell Grants as determined by their need analysis (Student Aid Report) if they are undergraduate students. The authorized maximum Pell Grant is 60% of the eligible students' cost of education or $2,300.00, whichever is less. A program of instruction in English as a Second Language (ESL), that is necessary to enable a student to use existing knowledge, training or skills, qualifies for Pell if the student is otherwise eligible. Federal Perkins Loans (Formerly the National Direct Student Loan Program) Students may be eligible for the Perkins loan if they are enrolled at least half-time and have a financial need to meet their educational expenses as determined by the need analysis application. Students may borrow a maximum of $3,000 per year not to exceed $15,000 as an undergraduate student or $30,000 as a graduate student. For loans made after July 1, 1987, repayment begins nine (9) months after the student ceases to carry at least one-half the normal full- time academic work load, and ending ten (10) years and nine months after such date. Payments are a minimum of $40.00 per month. During the repayment period they will be charged five (5) percent interest on the unpaid balance of the loan principal. Payments may be deferred for up to three years while borrowers serve in the Armed Forces, Peace Corps, or VISTA. Borrowers may also be eligible for loan cancellation provisions if they enter certain fields of teaching, specified military duty, or nursing or medical technology. Please contact the Financial Aid Office for details. Short Term Emergency Loans Student loans are funded for 75% of tuition and fees through the generosity of the Aglaia Club, David R. Evans Memorial Fund, Executive Association, Guy Hurst Memorial Fund, Harold M. Johnson Memorial Fund, LaDianaeda Alumni, Ogden Business and Professional Women's Club, Ogden Honors Cotillion, Rotary Club, Mary Elizabeth Dee Shaw Trust, Lydia Tanner Memorial, Glasmann Memorial, Weber State Associated Students, Weber State Faculty Women's Association, Wheelwright Memorial, Weber State Restricted Loan Fund. Eligibility information and application forms are available from the Office of Financial Aid. State Student Incentive Grant (SSIG) Utah resident students may be eligible for an SSIG if they are disadvantaged with financial need and enrolled or accepted for enrollment as an undergraduate student and who without the grant would be unable to pursue their education as determined by their application form. Federal Supplemental Education Opportunity Grant (FSEOG) Students may be eligible for a Supplemental Grant if they demonstrate financial need as determined by their need analysis application and are enrolled at least half-time as an undergraduate student. First priority is given to students who are eligible for a Federal Pell Grant and are enrolled full-time. Repayment Policy Federal Regulations require Weber State University to have a definitive policy regarding repayment of federal assistance when a student withdraws from the University. Repayment of funds to the Financial Aid Office by the student shall be according to the following schedule: Time of Withdrawal Before class work begins First week of class Through the second week Through the third week Through the fourth week Through the fifth week Through the sixth week Through the seventh week Percent of Funds to be Repaid 100% 90% 80% 70% 60% 50% 40% 30% No repayment after the 7th week of the quarter. In the event that the student fails to make the necessary repayment of funds according to the above schedule, all future Financial Aid funding shall be withheld until restitution is made. Please contact the Financial Aid Office for details. Student Services Interdisc. Programs Applied Science & Technology Arts& Humanities Business & Economics Education Health Professions Science Social & Behavioral Sciences 21 Continuing Education