General Information Financial Statement (FFS) is preferred; Federal Application is optional.) After a student has properly completed and sent in the FFS form, he/she will receive an SAR Student Aid Report) in the mail. This report must be brought in to the Financial Aid Office at WSC in order to receive financial aid. 3. Students must either be enrolled or be accepted for enrollment at Weber State College. 4. A student must maintain satisfactory academic progress while at WSC in order to receive Federal funding. Students maintaining satisfactory progress must: a. Meet the requirements of the general WSC Adademic Standards Policy (see Academic Standards for both satisfactory academic progress and the appeals procedure). b. Complete no less than 36 credit hours each year with grades other than I, W, UW, NC, audit and/or E. Credits that are being repeated cannot be counted. c. Complete a Bachelor degree in no more than 6 years. When a student is identified as not maintaining satisfactory progress for a previous year, one quarter of funding will be allowed on a probationary status. At the completion of the probationary quarter, the student must provide documentation to show reestablishment of satisfactory progress or funding will be suspended. Part-time students receiving financial aid are under the same obligations, with the requirements reduced commensurate to part- time status, i.e., half-time students 18 credit hours each year for twelve years, etc. Students are advised that, for purposes of the Office of Financial Aid, the following schedule shall apply: • Full-time student - 12 or more credit hours • Three-Quarter time - 9-11 credit hours • Half-time student - 6-8 credit hours • Not eligible - 5 credit hours or less 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 solely the responsibility of the student to provide copies of a valid Student Aid Report (SAR) to the Financial Aid Office. Student Aid Reports (SAR) and supporting documents received by the Office of Financial Aid on or before August 15th will assure students of receiving their appropriate awards or checks in time for Autumn registration. SAR's received later than August 15th will be processed as quickly as possible but with no assurance that awards or checks will be ready for Autumn Registration. Financial Aid Appeal Procedure Students who may be denied continuance of Financial Aid for reasons other than academic eligibility, and who feel their denial was based on an error or misunderstanding, may appeal their eligibility by the following steps: 1. Request an interview with a Financial Aid administrator; 2. Write a letter addressed to the Financial Aid Committee, explaining their circumstances. The Financial Aid Committee meets on an "as needed" basis. 10 The Committee action will be reported to appealing students through the Financial Aid Office. Students who have been denied Financial Aid continuance because of academic ineligibility must appeal through the Academic Standards Committee. The financial aid programs of grants, loans, and work opportunities available to eligible students are identified and described as follows: Financial Aid Programs College Work-Study (CWS) 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 FFS or 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 detennining 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 salary received is at least equal to the current minimum wage. Guaranteed Student 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 at least a half-time basis may borrow a maximum of $2,625 per academic year for freshmen and sophomores, $4,000 for juniors and seniors, and $7,500 for graduate and professional students. The total aggregate maximum amount for undergraduates is $17,250 and $54,750 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 GSL applicants. A need analysis application approved by the Secretary for use in the campus-based programs (Perkins loan, SEOG, CWS) must be used to determine the family contribution for all GSL applicants. The Financial Aid Office will not certify a GSL application for any student who is in default on a previous education loan (NDSL, PLUS, GSL, SLS, etc) or who owes a refund on a grant (PELL, SEOG, SSIG) received for attendance at ANY institution. It is the student's responsibility to submit the certified loan application to his/her lender. This loan is guaranteed by the State and insured by the Federal Government This loan must be repaid. Payments begin six months after the student 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. Interest shall accrue and be paid during periods of deferment. For details about these and additional deferments, application forms, information on Supplemental Loans for Students (SLS) and PLUS loans, contact the Financial Aid Office, or your commercial lender. 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 an undergraduate enrolled for at least six credit hours. The authorized maximum Pell Grant is 1/2 of the eligible students' cost of education or $2100.00, 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. Duration of Eligibility: For a student who received his or her first Pell Grant award in the 1987-88 award year, the duration of the student's eligibility for a Pell Grant is limited to: 1. The full-time equivalent of 5 academic years of study if the student is enrolled in an undergraduate degree or certificate program of 4 years or less, or 2. The full-time equivalent of 6 academic years if the student is enrolled in an undergraduate program that requires more than 4 years of study to complete. 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 $4,500 in a two- year period not to exceed $9,000 as an undergraduate student or $18,000 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 $30.00 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 defened for up to three years while borrowers serve in the Armed Forces, Peace Corps, or VISTA. Bonowers may also be eligible for loan cancellation provisions if they enter certain fields of teaching or specified military duty. Short Term Emergency Loans Student loans are funded for tuition and fees through the generosity of the Aglaia Club, Altruist 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, WSC Associated Students, WSC Faculty Women's Association, Wheelwright Memorial, WSC 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. Maximum award is $2,500 per year when funded. Supplemental Education Opportunity Grant (SEOG) 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 The maximum award is $4,000 per year. Repayment Policy Federal Regulations require the College to have a definitive policy regarding repayment of federal assistance when a student withdraws from or reduces the number of credit hours for which originally registered. Repayment of funds to the Financial Aid Office by the student shall be according to the following schedule: Student Services Interdisc. Programs Allied Health Sciences Arts& Humanities Business & Economics Time of Withdrawal Before class work begins and 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 — Through the eighth week Through the ninth week Through the tenth week* Percent of Funds to be Repaid 100% 90% 70% 60% 50% 40% 30% 20% 10% 0% Education Natural Sciences ♦During the tenth calendar week no repayment shall be required. 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. A SAMPLE STUDENT EXPENSE BUDGET FOLLOWS Social Sciences Technology 11 Continuing Education