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Show Financial Aids Financial Aids than 2.0 (Good Standing). Students are expected to complete at least 70% of their enrolled classes (Satisfactory Progress), receiving grades other than I and T (Incomplete), NC (No Credit), W (Withdrawal) and UW (Unofficial Withdrawl). Once a student reestablishes 'Good Standing' with a cumulative GPA of 2.0 or better, financial aid will be reinstated but not for the period of poor standing. The responsibility of documenting GPA rests with the student. Since Title IV aid is Federal, students must realize that there is no appeal prescribed in Federal Regulation. Federal funding is available for students in good standing until they earn a bachelor degree or have used 215 credit hours eligibility whichever comes first. The 215 includes all credits originally registered for, completed or not. The financial aid programs of grant, loans, and work opportunities available to eligible students are identified and described as follows: Pell Grant —Students may be eligible for a Pell Grant as determined by their application form if they are an undergraduate student enrolled on at least a half-time basis. The maximum award is one-half the budgeted cost of attending Weber State College. Supplemental Education Opportunity Grant (SEOG) —Students may be eligible for a Supplemental Grant if they demonstrate financial need as determined by the application for Federal Student Aid and are enrolled at least half-time as an undergraduate student. The maximum award is $2,000 per year. National Direct Student Loan (NDSL) —Students may be eligible for a NDSL loan if they are enrolled at least half-time and have a financial need to meet their educational expenses as determined by the application for Federal Student Aid. Students may borrow up to a maximum of $3,000 in a two year period not to exceed $6,000 as an undergraduate student or $12,000 as a graduate student. Repayment begins six (6) months after students graduate or leave school for other reasons. Payments are a minimum of $30.00 per month. Borrowers may be allowed up to ten (10) years to pay back the loan if necessary. During the repayment period they will be charged five (5) percent interest on the unpaid balance of the loan principle. 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 or specified military duty. Guaranteed Student Loan —Students may apply for a loan if they are enrolled or have been accepted for enrollment at least half-time. The maximum students may borrow each academic year is $2,500 as an undergraduate, and $5,000 as a graduate student in a Masters program at Weber State College. The total amount borrowed shall not exceed $12,500 for undergraduates, and $25,000 for graduate students. The interest under current regulations does not exceed nine (9) percent. For these loans applications must first be processed through the Financial 18 Aids Office and then presented to a commercial lender (bank, credit union, savings and loan association, or other participating lender) who is willing to make the educational loan to the student. This loan is guaranteed by the State and insured by the Federal Government. The loan must be repaid. Payments normally start six (6) months after the student graduates or leaves school, and the borrower may be allowed up to ten (10) years to repay the loan. The amount of the payment depends upon the size of the debt and the students ability to pay. Students may be granted payment deferments for up to three (3) years while they serve in the Armed Forces, Peace Corps, or full-time volunteer programs conducted by ACTION. In addition, deferments are available any time the borrower returns to full-time student status at an eligible institution. Information and application forms are available from the Office of Financial Aids, commercial lenders, Utah State Board of Regents, and regional officers of the U.S. Office of Education. College Work-Study (CWS) —Students may be eligible to work part- time to earn a 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 application for Federal Student Aid. The Financial Aids Office arranges jobs on campus or off campus with public or private non-profit agencies. 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 aids 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 salary received is at least equal to the current minimum wage. Nursing Student Loan (NSL) —Students may be eligible for an NSL if they are enrolled at least half-time in the Registered (AD) Nursing Program and have a financial need to meet their educational expenses. Students may borrow up to $1,500 a year not to exceed $6,000 during their undergraduate nursing program. Repayment begins six (6) months after the borrower graduates or leaves school for other reasons. Payments are $30.00 per month. Students may be allowed up to ten (10) years to pay back the loan if necessary. State Student Incentive Grant (SSIG) —Students may be eligible for an SSIG Grant if they are a disadvantaged student with financial need and enrolled or accepted for enrollment as an undergraduate full-time student and who without the grant would be unable to pursue their education as determined by their application form. Loan Funds —The maximum award may be $1,500 a year not to exceed $4,000 during the students undergraduate course of study. All financial aids awarded to eligible students are awarded for the academic school year and disbursed to the student on a quarterly basis, i.e. one-third of the award disbursed Autumn, Winter, and Spring Quarters respectively. 19 General Information Huinanltei Mi Hecords B4gistr|ar4 Co; mposr ogra isrt Srtt* usmess [\ Economic Education BtSCfS Social Sciences To/*hnnlnn f nnifif miy r Continu ~€dudatioir n§ |
