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Financial Aid Information

Sample Cost of Attendance for In-District Students

A 'cost of attendance' is an estimate of what a typical student may spend while attending college.

2017-2018 
  Dependent Independent
In-District
Tuition & Fees $3,970 $3,970
Room & Board $2,700 $4,950
Transportation $1,800 $1,800
Books & Supplies $1,500 $1,500
Miscellaneous/Personal Expense $1,350 $1,350
Total Budget $11,320 $13,570

Sample budgets above are based on in-district students attending full-time. (15 credit hours for Fall & Spring semesters)

Enrollment Status and Adjusting Aid

Financial Aid will be adjusted based on student’s enrollment status, up through the 50% point of each term. After this point, financial aid will not be adjusted unless it falls into one of the following categories:

  1. The student is enrolled in a late starting class that begins after the 50% point and drops the class before it starts. Students are not entitled to receive financial aid for classes they have not attended and their financial aid will be adjusted accordingly.
  2. The student is dropped from a class by their instructor for non-attendance. Students are not entitled to receive aid for classes they have not attended and their financial aid will be adjusted accordingly.
  3. If the Instructor drops a student in error and agrees to reinstate the student in the same class and section, financial aid will be adjusted accordingly. Please note: if a student enrolls in a different class from the one they were dropped in error, their financial aid will not be adjusted after the 50% point.
  4. Students who drop all classes for the term between the 50% and the 60%, may have their aid adjusted depending on what they have earned through the Return of Title IV calculation. According to regulations, students have not earned 100% of their aid until the 60% point of the term.

Students who are receiving student loans and drop a class(es):

  • Students may have their loans cancelled or adjusted if they are enrolled in less than six credit hours.
  • If the student began attendance in six or more credit hours, and they received a portion or the entire loan, they are entitled to keep the amount already disbursed. However, no further disbursements will occur if they remain enrolled in less than six credit hours for that term and any remaining portions of the student loan(s) will be cancelled.
  • If the student did not begin attendance in six or more credits when they received a portion or the entire loan, the loan(s) will be removed entirely for that term and no further disbursements will occur.

Repeating Classes

If you have taken a class twice and received a passing grade (for financial aid a “D” or better is considered a passing grade), you may no longer receive financial aid for that class.

Change to federal Post-9/11 Veterans Educational Assistance Act of 2008

A recent legislative change for Veterans who are out-of-district and using Post-9/11 GIBILL benefits makes them eligible to receive in-district tuition rates.

Satisfactory Academic Progress (SAP)

Students in suspension and/or maximum time frame status may appeal their eligibility for financial aid based on extenuating or special circumstances.

Steps to appeal:

  1. Print, complete and submit the Request for Reinstatement of Financial Aid form.
  2. Attach sufficient documentation that supports the special circumstances that resulted in your suspension and/or maximum time frame status and how the circumstances have been resolved.

Subsidized Loans

Limits on First-Time Borrower’s Eligibility for Subsidized Stafford Loans

There is a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program. This is called your “maximum eligibility period”. You can usually find the published length of any program of study in your school’s catalog. Read moreless  

Changes in Interest Rate for Stafford Loans

Effective July 1, 2017.

Undergraduate Data
Loan Calculation 2016-2017 2017-2018
Subsidized Stafford 10-year Treasury note + 2.05% or 8.25%
(whichever is lower)

3.76%

4.45%

Unsubsidized Stafford 10-year Treasury note + 2.05% or 8.25%
(whichever is lower)

3.76%

4.45%

Rates are “fixed” for the life of the loan, but loans borrowed in subsequent Award Years will carry the prevailing interest rates at that time. The 10-year Treasury note component is determined by the high yield of the 10-year Treasury note auctioned at the final auction held prior to June 1. Rates apply retroactively to loans disbursed on or after July 1st of the award year.
 
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