Financial Aid Student Expense Budget that student would receive two deficit credit hours and would be placed on financial aid warning status as explained in (B) through (E). B. Eligibility Status — The number of plus or deficit hours will place students in the following categories: (1) Satisfactory Progress: Zero or a plus number of hours. (a) Freshmen and Sophomores • Progress Warning: 1-10 deficit hours • Progress Probation: 11 or more deficit hours (must reduce deficit hours by at least 2 each quarter to avoid progress disqualification). (b) Juniors and Seniors • Progress Probation: 1 or more deficit hours (must reduce deficit hours by at least 2 each quarter or bring deficit hours to zero to avoid progress disqualification). (2) Progress Disqualification: Financially- aided students on probation who fail to reduce deficit hours by at least 2 credits each quarter or bring deficit hours to zero will not be eligible for financial aid. C. Reinstatement — Students disqualified from financial aid eligibility can regain eligibility by: (1) Continuing their enrollment without financial aid, and reducing their credit-hour deficiency to zero. (2) Appealing to the Financial Aid Appeals Committee for exception. Note: Financially-aided students must apply for financial aid each year, and those meeting the need criteria will be eligible to continue receiving aid as long as they also meet the progress criteria outlined above. Satisfactory progress of financially-aided students will be tracked by the Eligibility Office, and students will be notified quarterly of their status. D. Repeat Courses — Courses being repeated do not count toward the total credit-hour load for financial aid eligibility. E. Remedial Courses — Students who are required to register for remedial (non-degree) courses may count the credit hours for those courses toward their total credit-hour load for financial aid eligibility as long as they are passed at a satisfactory level (C- or better), and only during their first year of study. 7. Major Program— Students reaching sophomore status (75 or more hours) must declare an academic major and should begin enrolling in appropriate courses leading to completion of that program. 8. Maximum Eligibility — Undergraduate students lose their grant eligibility for continued financial aid when they: (a) have graduated with their first bachelor's degree; or (b) have completed sixteen quarters as a full-time student or the equivalent as a part-time student, or any combination thereof. For example: half-time students will be eligible for 32 quarters of aid as long as they meet all other criteria; or (c) have not exceeded 240 credit hours. Students are further advised that although the Financial Aid office will assist, advise, and consult, the student is solely responsible for the completion of the appropriate financial aid application. It is the responsibility of the student to provide copies of a valid Student Aid Report (SAR) to the Financial Aid office. Even though May 1 st is the priority deadline, Student Aid Reports (SAR) and supporting documents received by the office of Financial Aid on or before July 1 st will assure students of receiving available funding awards or checks in time for Autumn registration. SAR's received later than July 1 st will be processed as quickly as possible but with no assurance that awards or checks will be ready for Autumn registration. 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 Thursday 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 for undergraduates is $23,000 and $65,500 for cumulative undergraduate and graduate study. The interest rate under current regulations does not exceed nine (9) 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, 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 24 months while seeking and unable to find employment; up to three years while serving in the Armed Forces, Peace Corps, full time volunteer under the Domestic Volunteer Service Act of 1973, active duty member of the National Oceanic and Atmospheric Administration Corps, officer of the Commissioned Corps of the Public Health Service, or pursuing a full-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 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 20 Budgets cover nine-month period All costs are subject to change and all funding subject to availability of funds. 21 Student Services Science