policy & procedure manual 2020 - 2022

Policy&ProcedureManual2020-2022

FederalSchoolCode:007628

OfficeofFinancialAidOffice:(660)530-5834Fax:(660)530-5820

www.sfccmo.edu

StateFairCommunityCollegeFinancialAidandVeteranServices3201West16thSt.,SedaliaMO65301Office:(660)530-5834Fax:(660)530-5820www.sfccmo.eduThispublicationprovidesanoverviewofthefinancialassistanceavailabletoprospectiveand currentstudentswhileattendingStateFairCommunityCollege.Itisusedasareferenceguideforthepoliciesandproceduresstudentsareconfrontedwithwhenreceivingfinancialaid.Itisnotintendedtobeanall-inclusivereference.Students,parents,counselors,communitymembers,andcolleaguesshouldalwayscontactFinancialAidandVeteranServicesforclarificationonapplyingthemultitudeofpoliciestoaparticularsituation.Everyattempthasbeenmadetohavethemostup-to-dateandaccurateinformationpossiblein thispublication.However,duetotheever-changingfinancialaidregulations,policiesand proceduresfromfederal,stateandotheragencies,informationinthisguideissubjecttochange withoutnotice.Wewillincorporateupdatedpoliciesandproceduresinfutureeditions.Itisimportanttonotethatthispublicationisnotintendedtobeacontractexplicitorimplied, andthecollegereservestherighttomakechangesintheinformationcontainedherein.

NondiscriminationandAccommodationsPolicyStateFairCommunityCollegedoesnotdiscriminatebasedonrace,color,nationalorigin,sex,disability,religion,sexualorientation,veteranstatus,orageinitsprogramsandactivitiesorinemployment.Thefollowingpersonshavebeendesignatedtohandleinquiriesregardingthenondiscriminationpolicy:DirectorofHumanResources,HopkinsStudentServicesCenter,(660)596-7478,orDeanofStudentandAcademicSupportServices,HopkinsStudentServicesCenter,(660)596-7393.TheHopkinsCenterislocatedonSFCC’sSedaliacampusat3201W.16thSt.,Sedalia,MO65301.InquiriesalsomaybedirectedtotheU.S.DepartmentofEducation,OfficeofCivilRightsatOCR.KansasCity@ed.gov.Interestedpersonsmayobtaininformationastotheexistenceandlocationofservices,activitiesandfacilitiesatStateFairCommunityCollegethatareaccessibletoandusablebypersonswithdisabilitiesbycontactingtheAccessOffice,StateFairCommunityCollege,YeaterBuilding3201W.16thSt.,Sedalia,MO65301,(660)596-7293.LeydeAmoldamientoyNodiscriminaciónStateFairCommunityCollegenodiscriminaacausadelaraza,nacionalidad,sexo,ladiscapacidad,religión,tendenciasexual,estatusdelosveteranosdelasFuerzasArmadas,oedadentodossusprogramasyactividadesoempleo.LaspersonasquesiguenhansidoencargadasdetratarlainformacióncercadelaLeydenodiscriminación:DirectordelosRecursosHumanos,Hopkins,CentrodeServiciosparalosEstudiantes.Tel.(660)596-7478,oDecanodeEstudiantesyServiciosdeApoyoAcadémico,CentrodeServiciosparalosEstudiantesHopkins.Tel.(660)596-7393.ElcentroHopkinsestáubicadoenStateFairCommunityCollegeenelcampusdeSedaliaenlaCalleW.16th,3201enSedalia,Missouri65301.SepuedeinquirirpormásinformaciónalDepartamentoEstadunidensedelaEducación,oficinadeLosDerechosHumanosOCR.KansasCity@ed.gov.LaspersonasinteresadaspuedenrecibirmásinformacionesenloslocalesdeserviciosdeStateFairCommunityCollegequesondisponiblesyaccesiblesalaspersonascondiscapacidadescontactandoelCónsuldeAccesoenlaOficinadelServicioparalosEstudiantes,CentrodeServicioparalosEstudiantesHopkins,habitación751,StateFairCommunityCollege,CalleW.16th3201enSedalia,Missouri65301.Tel.(660)530-5832.

TableofContentsSection1: Introduction…………………………………………………………………………………………………………..1

1.1 StatementofPurpose1.2 ThisManual1.3 PrimaryGoal1.4 AdministrativeOrganization&OfficeManagement

1.4.1ContactInformation1.4.2AppointmentswithStaff1.4.3TreatmentofCorrespondence/Forms1.4.4ConfidentialityofStudentRecords1.4.5RecordsManagement&Retention1.4.6SeparationofDuties

Section2:ReceivingFinancialAid………………………………………………………………………………………..…...5

2.1 FreeApplicationforFederalStudentAid(FAFSA)2.2 ApplyforAdmission2.3 StudentAidReport(SAR)2.4 ReviewmySFCCFinancialAidSection

2.4.1 VerifyInformationorDocumentation2.4.2 TermsandConditions2.4.3 RequestingaStudentLoan

2.5FinancialAidOfferSection3:FinancialAidEligibilityRequirements………...………………………………………………………………7

3.1InstitutionalEligibilityRequirements3.2 ProgramEligibility3.3GeneralRequirements–PolicyandPracticesGoverningStudentFinancialAid3.4 ConsortiumAgreements–General3.5 GeneralTitleIVStudentEligibilityRequirements

Section4:TypesofFinancialAid……………………………………..……………………………………………………….11

4.1FederalAidPrograms4.1.1PellGrant

4.1.1.1EligibilityforSummerPellGrant(150%PellGrant)4.1.1.2ChildrenofFallenHeroesScholarship

4.1.2FederalSupplementalEducationalOpportunityGrant(FSEOG)4.1.3FederalWorkStudy(FWS)4.1.4FederalDirectLoanProgram4.1.5RequestingStudentLoansandFinancialCounseling4.1.6FederalFinancialAidReturnofTitleIVFundsPolicy4.1.7CodeofConductforStudentLoans

4.2StateAidPrograms4.2.1A+ScholarshipProgram4.2.2AccessMissouriGrant4.2.3AdvancePlacementIncentiveGrant4.2.4BrightFlightProgram

4.2.5Kid’sChanceProgram4.2.6MargueriteRossBarnettProgram4.2.7MinorityandUnderrepresentedEnvironmentalLiteracyProgram4.2.8PublicServiceOfficerSurvivorGrant4.2.9WartimeVeteran’sSurvivorsGrant4.2.10FastTrackWorkforceIncentiveGrant

4.3MilitaryandVeteranEducationBenefits4.3.1Chapter30MontgomeryGIBill®(ActiveDuty)*4.3.2Chapter1606EducationalAssistance(SelectedReserveProgram)4.3.3Chapter33Post9/11GIBill®*4.3.4Chapter35SurvivorsandDependentsEducationalAssistance(DEA)4.3.5Chapter31VocationalRehabilitation4.3.6FederalTuitionAssistance,MilitarySpouseCareerAdvancementAccountsProgram(MyCAA),orNationalGuardTuitionAssistance4.3.7DocumentationNeededforApplyingVABenefit4.3.8MilitaryServiceActivation4.3.9Attendance/AcademicCertification4.3.10ConcurrentEnrollment

4.4ScholarshipPrograms4.4.1InstitutionalScholarships4.4.2FoundationScholarships4.4.3Outside/PrivateScholarships

4.5OtherPrograms 4.5.1PrivateLoans 4.5.2FinishLineCompletionGrant 4.5.3EducationTrainingVoucher(ETV)

Section5: Verification…………………………………………………………………………………………..………………..27

5.1VerificationSelection5.2 NotificationofVerificationSelection5.3 DocumentationSubmission5.4 RequiredDocumentation5.5 OtherRequiredDocumentation5.6 NotificationofVerificationResults5.7 ReferralofFraud5.8 SpecialCircumstancesandProfessionalJudgment

Section6: DeterminationofFinancialAidEligibility……………………………………………………...………..…31

6.1 DeterminingEligibility6.2 CostofAttendance(COA)6.3 ExpectedFamilyContribution(EFC)6.4 FinancialNeed6.5 DroppingClasses6.6ScholarshipEligibility

Section7: Disbursement……………………………………………………………………………………………………....….33

7.1 CourseProgramofStudy7.2 VerificationofAttendance7.3 PreparatoryCourseWork

7.4ProgramsLessThan30weeks7.5 RepeatCourseworkPolicies

7.5.1A+ScholarshipProgram7.5.2PellGrantandFederalStudentLoans

7.6CurrentHoursAttended 7.6.1PellGrantDisbursement 7.6.2LoanProceedDisbursement 7.6.3ScholarshipDisbursement7.7DroppingClasses

Section8:SatisfactoryAcademicProgress(SAP)……………………………………………………………..………..41

8.1TypesofSAPStatuses8.1.1MaxHours–150%limit8.1.2CompletionRateorPace8.1.3GradePointAverageRequirements

8.2FailuretoMeetSAPStandards8.2.1Warning8.2.2Suspension8.2.3MaxHoursSuspension

8.3 ImpactofRepeatedCoursework8.4FinancialAidSuspensionAppealsProcess

8.4.1CircumstancesforAppeal8.4.2StepstoFileanAppeal8.4.3ReviewandNotificationofDecision

8.5ContinuationofanApprovedAppeal8.5.1ApprovedAppealforLowGPAorPace8.5.2ApprovedAppealforMaxHours8.5.3ApprovedAppealbutNotEnrolledforOneorMoreSemesters

8.6ReinstatementofFinancialAidwithoutAppealing8.7AddendumtoanApprovedAppeal

Section9: WithdrawingfromClasses&ReturnofTitleIVFunds……………….……………………...……….47

9.1WithdrawingFromAllClasses9.2 ReturnofTitleIVFunds

9.2.1EstimateofAidEarnedorAidThatMayNeedtobereturned9.2.2UnofficialWithdrawalsandEarningAllNon-PassingGrades9.2.3Post-WithdrawalDisbursement9.2.4ReturningTitleIVFunds9.2.5Overpayments9.2.6WithdrawalRequirementsandProcedures9.2.7RequirementsandDeadlinesforR2T4Calculations9.2.8AdditionalQuestions

Section10: StudentEligibilityandConsumerInformation…...……………………………………………….…….51

10.1StudentFinancialAidEligibility10.2RightsandResponsibilitiesofStudentsonFinancialAid

10.2.1StudentsHavetheRighttoKnow10.2.2StudentResponsibilities

10.3FamilyEducationRightsandPrivacyAct(FERPA)10.4StudentEnrollmentStatus

10.5UseofOnlineStudentAccount(mySFCC)toaccessFinancialAid

Section11:AdditionalInformationandGlossary………………………………………………………………..……...55

11.1LinkstoFinancialAidWebsites11.2GlossaryofTerms

*GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill.

1

Section1:Introduction1.1 StatementofPurposeThepurposeofthisdocumentistorecordpoliciesandproceduressurroundingthedeliveryoffinancialaidatStateFairCommunityCollege(SFCC).Thispublicationisnotintendedtobeacontractexplicitorimplied,andthecollegereservestherighttomakechangesintheinformationcontainedherein.Everyattempthasbeenmadetohavethemostup-to-dateandaccurateinformationpossibleinthispublication.However,duetotheever-changingfinancialaidregulations,policiesandproceduresfromfederal,stateandotheragencies,informationinthisguideissubjecttochangewithoutnotice.Wewillincorporateupdatedpoliciesandproceduresinfutureeditions.SFCCreservestherighttomakechangesintheinformationcontainedherein.1.2 ThisManual• Providesthefinancialaidstaffwithcurrentpoliciesandproceduressurrounding

federal,state,veteraneducationandinstitutionalprograms.• ProvideseachstaffmemberwiththegeneralresponsibilitiesoftheOfficeofFinancial

Aidandtherelationshiptootherdepartmentsoftheschool.• Provideseachstaffmemberwithgeneralofficeproceduresensuringthatsimilar

situationswouldbehandledconsistently.• Providesquickreferencetovariousprograms,problems,forms,rulesandregulations.• Providesaclearunderstandingofpolicyandauthorityandresponsibilityinmatters

relatingtooperationspractices.• Providesorientationandtrainingmaterialfornewpersonnel.1.3 PrimaryGoalTheprimarygoaloftheOfficeofFinancialAidistoprovidefinancialmeansbywhichastudentcancontinuehis/hereducation.Thefinancialaidprogramsareadministeredaccordingtothefollowingprinciples:• Theprimaryresponsibilityforfinancingeducationlieswiththestudentandhis/her

family.Whenthetotalresourcestheycanprovidedonotmeettheireducationexpenses,SFCCwillguidethestudentandassisttheminseekingalternatefundsfortheirpost-secondaryeducation.

• Interestedindividualswillbemadeawarethroughouttheyearoffinancialaidopportunities.AstudentmustsubmitaFAFSAapplicationeachyearinwhichhe/sheexpectstobeconsideredforfinancialaid.

2

• Aconfidentialfinancialaidpackageisofferedtothestudentbasedonindividualneedandcircumstances,butwithoutregardtoage,sex,race,color,religion,nationaloriginorhandicap.

• TheOfficeofFinancialAidatSFCCoperateswithinthefederalandstateguidelinesandotherstandardsofindividualaidprograms.

1.4 AdministrativeOrganization&OfficeManagement

1.4.1 ContactInformation

OfficeofFinancialAidContactInformationLocation: StateFairCommunityCollege–Sedalia/MainCampus

Hopkins716Hours: Monday–Friday8:00amto5:00pm(recognizeallschool

closings)Phone: (660)530-5834Email: [email protected]: (660)530-5820Website: www.sfccmo.edu

AllcommunicationwithstudentswillbesentelectronicallythroughthetheirSFCCstudentemail.Studentsarerequiredtochecktheiremailregularlytocheckthestatusoftheirfinancialaid.1.4.2 AppointmentswithStaffStudentsand/orparentsarenotrequiredtomakeappointmentswithaFinancialAidAdvisor.Studentsandparentsareseenonafirstcomefirstservebasis.Ifastudentorparentwouldliketorequestanappointment,theymaydosobycontactingtheFinancialAidAdvisordirectly.Everyeffortismadetoaddressanyconcernsandansweranyquestionsviaemail,phoneorfax.

1.4.3 TreatmentofCorrespondence/FormsCorrespondencewithstudents,parents,co-workersandotherindividualsaremadeviaphone,zoommeeting,email,faxandinpersoncommunication.Thefrontdeskreceivesdocumentsfromstudents,parentsandotherdepartments.Allincoming

**DuetotheCOVID-19Pandemic–theFinancialAidOfficewillbelimitedtoaminimumnumberofvisitorstotheoffice.FinancialOfficewillfollowallguidanceandrulesestablishedbySFCCadministrationtohelppreventthespreadofthecoronavirussuchaslimitstostudentandoneguestperappointment,socialdistancing,wearingmasksandprotectivescreensbetweenstudentandSFCCstaffinoffices.Weencouragestudentstosetupappointments-byphoneorzoommeeting-withFinancialAidsothatwemaybetterserveyourneedsinatimelymanner.

3

documentsaredatedandpassedontotheappropriatefinancialaidstaffmember.AlldocumentsrequiredforreceivingfinancialaidwillbescannedandsavedelectronicallyintheBannerStudentSystem.1.4.4 ConfidentialityofStudentRecordsTheFamilyEducationRightsandprivacyAct(FERPA)allowsstudentsataninstitutionofHigherEducationtocontroloutsideaccesstotheireducationrecordsincludingrequestsforinformationfromtheirparentsandotherinterestedparties.Withoutastudent’swrittenconsent,SFCCmaynotdiscloseinformationabouteducationalandfinancialrecordstoanyparties.BycompletingtheStudentConsenttoReleaseform,thestudentisallowingspecifiedpartiesaccesstoeducationalandfinancialinformation.ThestudentwillspecifyontheStudentConsenttoReleaseformwhattypeofinformationisacceptabletorelease.TheStudentConsenttoReleaseshouldbecompletedandsubmittedtotheAcademicRecordsandRegistrar’sOfficeviafaxat(660)596-7472.1.4.5 RecordsManagement&RetentionSFCCmustkeepcomprehensive,accurateprogramandfiscalrecordsrelatedtoitsuseoffinancialaidprogramfunds.Theimportanceofmaintainingcomplete,accuraterecordscannotbeoveremphasized.Programandfiscalrecordsmustdemonstratetheschooliscapableofmeetingtheadministrativeandfiscalrequirementsforparticipatinginthefinancialaidprograms.Inaddition,recordsmustdemonstrateproperadministrationoffinancialaidprogramfundsandmustshowaclearaudittrailforfinancialaidprogramexpenditures.Forexample,recordsforeachfinancialaidrecipientmustclearlyshowthatthefundsweredisbursedinaccordancewithprogramregulations.Recordsmustbemaintainedinasystematicallyorganizedmanner.RecordsarescannedintostudentaccountsintheBannerstudentsystemandhardcopiesofsubmittedformsareretainedinfilebasedondatereceivedforupto3years.TheprocessofrecordingdocumentationelectronicallyintoBannerareasfollows:1. StudentsmayobtainneededdocumentsbyclickingonthecorrespondingRedFlag

titlelocatedontheirmySFCC,FinancialAidsectionorbyvisitingtheFinancialAidofficetoobtainaprintedcopy.

2. Oncethestudenthascompletedthedocument,theyhavetheoptiontoturnitininpersonattheFinancialAidoffice,[email protected],faxitto660-530-5820ormailitSFCC,Attn:FinancialAid,3201W16th,SedaliaMO65301.

3. WhenthedocumentisreceivedbytheFinancialAidoffice,thedocumentisindexedinApplicationExtendertothestudentsfile.Thisisdoneviascanningthedocumentorviadraganddropforelectronicversions.

4. Afterthedocumenthasbeenindexed,itisstampreceivedwiththecurrentday’sdate.Itisthenplacedinafilefolderbasedontheacademicyear.

4

5. Thefoldersarethenfiledinthefrontstorageroominfilecabinets.Thestorageroomislockedeverydayattheendofbusiness.

6. Attheendofeachacademicyear,thefilesforthatacademicyearareplacedintocardboardboxesaccordingtodocumenttype.TheboxesarethentakentoalockedstorageroominthebasementofHopkinswheretheyremainfor3ormoreyears.

Allinformation,regardlessofformatused,areretrievableinacoherenthardcopyformatorinamediaformatacceptablebytheDepartmentofEducation.Anydocumentationthatcontainsasignature,seal,certificationoranyotherimageormarkrequiredtovalidatetheauthenticityofitsinformationmustbeobtainedinitsoriginalhardcopyorinanimagedmediaformat.

**DuetotheCOVID-19Pandemic–DepartmentofEducationhasalteredspecificdocumentationrequirements.Insomeinstances,wemaybeabletoacceptanelectronicallysignedanddatedstatementfromtheapplicantinwhichheorshetruthfullyattesttotheirsituation.

1.4.6 SeparationofDutiesSFCCensuresthatitsadministrativeproceduresoffinancialaidprogramsincludeanadequatesystemofinternalchecksandbalances.Thissystem,ataminimum,mustseparatethefunctionsofauthorizingpaymentanddisbursingordeliveringfundssothatnoonepersonorofficeexercisesbothfunctionsforanystudentreceivingfinancialaidfunds.Individualsworkingineitherauthorizationordisbursementmayperformotherfunctionsaswell,butnotbothauthorizationanddisbursement.SFCCcomplieswiththispolicyastheOfficeofFinancialAidawardsfunds,buttheBusinessOfficedisbursesfundstostudentaccounts.ThereisaclearandseparatedivisionofresponsibilityfortheadministrationoffinancialaidprogramsbetweentheOfficeofFinancialAidandtheBusinessOffice.TheOfficeofFinancialAidisalsoresponsibleforreconcilingawardsonanindividualstudentbasiswiththeawardamountsreportedtotheDepartmentofEducation(ED)viatheCommonOriginationandDisbursement(COD)agency.TheBusinessOfficeisresponsiblefordisbursingaidrefundstostudentaccountsandapplyingfundstowardsbalances.TheyarealsoresponsiblefordrawingdownfederalfundsviatheG5systemtocoverthefederalaidexpendituresmadetostudents.TheBusinessOfficemonitorsandreceivesallstateaidfundselectronically.

5

Section2:ReceivingFinancialAid2.1 FreeApplicationforFederalStudentAid(FAFSA).CompletetheFAFSAfortheacademicyearofthetermthatthestudentintendstoenrollatSFCC.Thisapplicationisusedtodeterminethestudent’seligibilityforthePellGrant,SEOG,FederalStaffordStudentLoans,andmuchStateofMissourifundedfinancialaidprograms.ThestudentmustcompletetheFAFSAeachyeartodeterminethestudent’seligibilityforthesefunds.MakesureSFCCisidentifiedasoneoftheschoolsselectedtoreceivethestudent’sfinancialaidapplicationbyenteringourschoolcode:007628.TheprioritydeadlinefortheStateofMissouriisFebruary1.Theapplicationcanbefoundatwww.fafsa.gov.FAFSAapplicationsforeachacademicyearareavailableonOctober1oftheprioryearandopenuntilJune30oftheappliedacademicyear.

2.2 ApplyforAdmissionSubmitanapplicationforAdmissiononourwebsiteatwww.sfccmo.edu.Haveofficialacademictranscriptsfromallhighschools,colleges,universities,or vocational-technicalschoolsattendedsent totheSFCC’sAcademicRecordsandRegistrar.2.3 StudentAidReport(SAR)FederalStudentAidwillsendeachapplicantaSARreportviaemail.TheSARreportisasummaryoftheinformationtheyprovidedontheFAFSA.Itwillnotifythestudentiftheywillberequiredtoprovideinformationtothecollege.IfthestudentdoesnotreceiveaSARreport,theymaycalltheFederalStudentAidCenterat(800)4FED-AIDtocheckthestatusoftheapplication.2.4 ReviewmySFCCFinancialAidSectionStudentscompletefinancialaidpackageislocatedintheFinancialAidsectionoftheirmySFCCaccount.Thissectiondisplaysthestatusofthestudent’sfinancialaid,outlinestheircollegefinancingplan,campusstorebalanceandprovidesreferenceforalltypesofaidSFCCoffers.

2.4.1VerifyInformationorDocumentation.CheckforRedFlags.IntheFinancialAidRequirementssection,redflagsareplaced

Whenfillingoutthe2020-2021FAFSAyouwillneedyour2018federaltaxinformation.Whenfiling2021–2022FAFSAyouwillneedyour2019federaltaxinformation.

6

foranyrequireddocumentation.Pleaseforwardthesedocumentsassoonaspossible.Oncethestudent’sfinancialaidfileiscompletedandverified,notificationwillbesenttothestudent’sSFCCstudentemail.SeetheVERIFICATIONPROCESSsectionofthismanualformoredetailsaboutthisprocess.2.4.2SFCCTermsandConditionsInordertoviewthestudent’sfinancialaid,thestudentmustreadandacknowledgetheSFCCTerms&Conditions.TermsandConditionslisttherequirementsforstudenttomaintaineligibilityinbothfederalandstateaid.Byclickingonthedescription,thetermsandconditionscanbereviewedandaccepted.2.4.3RequestingAStudentLoanIfthestudentisinterestedinrequestingastudentloan,theywillneedtofollowtheLoanRequestProcessInstructions.Studentsmustfollowtheinstructionsprovided,completetheEntranceCounseling,andsigntheMasterPromissoryNote(MPN)locatedonthestudentloans.govwebsite.UseyourFSAIDtologintothestudentloans.govwebsite.Allstepsmustbecompletebeforeloanswillbeprocessedandappliedtowardtheaccount.MoreinformationaboutthefederalstudentloanprocessislocatedinSection4:TypesofFinancialAid,underFederalDirectLoanProgram.

2.5 FinancialAidOffer

Whenallredflagsarecompleted(greencheckmarks),afinancialaidofferwillbeaddedtothestudent’saccount.OfferedamountscanbeseenontheCollegeFinancingPlanintheirmySFFCaccount.Theamountsshownarebasedonfull-time(12+credithours)enrollment.Theactualamountofaidwillbedisbursedbasedonactualattendinghoursatthetimeofdisbursement.Thismeansthestudentmaynotbeeligibletoreceivethefullamountslisted.

7

Section3:FinancialAidEligibilityRequirements3.1 InstitutionalEligibilityRequirementsToparticipateintheTitleIVprograms,schoolsmustmeetoneofthefollowingdefinitionsofaneligibleinstitution:¨ Institutionofhighereducation;¨ Proprietaryinstitutionofhighereducation;or¨ Postsecondaryvocationalinstitution.Asaninstitutionofhighereducation,SFCCmeetsthesecriteria.TheOfficeofFinancialAidmaintainsdocumentationthatsubstantiatestheschool’sinstitutionaleligibility.Suchdocumentsmightinclude,butarenotlimitedto:¨ ProgramParticipationAgreement(PPA)¨ EligibilityandCertificationApprovalReport(ECAR)3.2 ProgramEligibilityToqualifyasaneligibleinstitution,theschoolmustofferatleastoneeligibleprogram.Itisthestudent’sresponsibilitytoensurethattheyareenrolledinaneligibleprogramandaretakingcourseworkthatapplytowardstheeligibleprogramandmaintainsatisfactoryacademicprogress(SAP)beforedisbursingTitleIVaid.AllprogramsofferedbySFCCleadtoacertificateand/orassociate’sdegreeandareeligibleforfederalaid.

3.3 GeneralRequirements–PolicyandPracticesGoverningStudentFinancialAidThestudentagreestocomplywiththefollowingpoliciesregardingyourfinancialaidoffer.Failuretomeettherequirementsmayresultinhavingtorepayfundsandbeingdeniedfuturefinancialaid.1. TheOfficeofFinancialAidreservestherighttoreviewandcancelanofferatanytime

becauseofchangesinfinancialoracademicstatus,orchangeofacademicprogram.Ifanoverpaymentoccurs,thestudentisresponsibleforreimbursingtheschoolandorgovernmententitywheretheoverpaymentoccurred.

2. StudentsMUSTnotifytheOfficeofFinancialAidofanygrants,scholarships,loans,etc.,

EffectiveJuly1,2019–inreactiontoDepartmentofEducationAnnouncement#122–StateFairCommunityCollegehaschosento“earlyimplement”therecessionofallGainfulEmploymentrules.AllGainfulEmploymentlinkshavebeenremovedfromourwebsite.Allmarketingmaterials,disclosuresaswellasacknowledgementshavebeenremovedfromdistribution.

8

extendedtothemfromsourcesoutsidetheschool,asthesemayreducethefinancialaidoffer.Also,anychangeinname,addressorstudentstatusmustbereported.

3. Financialaidoffersaredeterminedbasedfinancialneed.Theformulatocalculate

financialneedusesinformationprovidedontheFAFSA.SFCCdetermineswhetherastudenthasafinancialneed.

4. Financialaidiscontingentuponenrollmentinaneligibleprogram,enrolledincourses

thatapplytowardsthecompletionontheprogramandmaintainingsatisfactoryacademicprogress.Theschoolcatalogprovidesinformationaboutthesepolicies.

5. ItisSFCC’spolicytodisbursefinancialaideachterm.Innoinstancewillaportionof

theofferbedisbursedtothestudentpriortoregistration.Refertotheschoolcatalogforregistrationinformation.

6. Anycommitmentoffederal/state/institutionalfundsistentativeandcontingentupon

subsequentCongressionalappropriationandactualreceiptofthefundsbyStateFairCommunityCollege.

7. Newapplicationsforfinancialaidshouldbesubmittedassoonaspossibleforthe

upcomingschoolyear.Studentsareresponsibleforsecuringandcompletingthenecessaryapplicationsonline.

8. ConcurrentEnrollment:Studentsenrolledincoursesatothercollegeswhilealso

enrolledatSFCCmustinformtheFinancialAidOffice.Studentsmayreceivefinancialaidatonlyoneschoolinagiventerm.

3.4 ConsortiumAgreements–General

SFCCmayapproveaconsortiumagreementwithotherinstitutions.ApprovalisgivenonacasebycasebasisfromtheOfficeofFinancialAid.AFinancialAidConsortiumAgreementmakesitpossibleforastudentfromSFCCtoattendanotherpost-secondaryinstitutionduringanacademicyearandreceiveTitleIVandFederalDirectStudentLoanfundsduringthatperiodofenrollment.SFCCisconsideredtheHomeinstitutionifitwilladministerallfinancialaidandawardthestudent’sdegree.TheotherschoolofattendanceisdesignatedastheHostinstitutionatwhichthestudentwillbeconsideredavisitingstudent.AvalidconsortiumagreementrequiresthecooperationofSFCCandthehostinstitutionforstudentstoreceiveTitleIVandFederalDirectStudentLoanassistancedeterminedanddisbursedthroughSFCC.Thefollowingguidelinesandconditionsgoverntheuseofthisagreementandalloftheseconditionsmustbemetbeforethedisbursementoffinancialaidfundscanbemade:1. ThestudentapplyingforstudyattheHostinstitutionmustcompleteallofthe

9

requiredapplicationsandformsnecessarytoreceivefinancialaid.Thisincludes,butisnotlimitedto,FAFSAandanydocumentsrequiredforverification,ifapplicable.

2. ThestudentmustobtainascheduleofcoursesthestudentplanstotakeatthehostinstitutionforverificationthatcreditwilltransfertothehomeinstitutiontowardstheirprogramofstudyatSFCC.

3. ThestudentmustforwardtothehostinstitutionacopyoftheSFCCConsortiumAgreement.Ifthehostinstitutionagreestoenterintosuchanagreement,thenitsFinancialAidOfficemustcompletetheapplicablesectionsandreturnthemtoSFCC.

4. SFCCcannotmakedisbursementstothestudent’saccountuntilitreceivestherequiredpaperworkforthestudentfromthehostinstitution.Disbursementsmaynotbemadeunlessthestudenthascompletedtheappropriateformstodeterminethestudent’seligibilityforTitleIVandFederalDirectStudentLoanAssistance.

5. AllformsrequiredforaFinancialAidConsortiumAgreementmustbecompletedandonfileatSFCCnolaterthanaweekpriortothelastdisbursementofthesemesterinwhichthestudentisstudying.

6. UnderthisFinancialAidConsortiumAgreement,studentswhoareeligiblewillbepackagedforstateaid,FederalPellGrants,FederalDirectStudentLoansandFederalDirectPLUSLoans.

7. Thestudentisresponsibleforpaymentofallchargesatthehostinstitution.

8. IfthehostinstitutiondoesnotagreetoenterintoaFinancialAidConsortiumAgreementwithSFCC,thestudentwillbeineligibleforofferoffinancialaidforanycoursestakenatthehostinstitution.SFCCwilldeterminefinancialaideligibilityoncourseworktakenonlyatSFCCandnotthehostinstitution.

3.5 GeneralTitleIVStudentEligibilityRequirementsAstudentmustmeetcertainrequirementstobeeligibleforfinancialaid.Thoserequirementsincludebutarenotlimitedto:• MustbeenrolledinaprogramofstudyandpursuingaTitleIVeligiblecertificate

ordegree• MustbeaUScitizenoreligiblenon-citizen• MustberegisteredwithSelectiveService(ifnotexempt)• Mustnothavehadeligibilitysuspendedorterminatedduetoadrug-related

conviction.• MusthaveavalidSocialSecurityNumber• MaynotbeinDefaultonafederalloanorhaveanoverpaymentonafederalgrant.

10

• MustmeettherequirementsforSAPThestudentmustbeenrolledatleasthalftime(6credithours)toreceiveassistancefromtheDirectStudentLoanandPLUSloanprograms.ThePellgrantprogramisawardedaccordingtothePellchartforthatacademicyearandisbasedonastudent’sCostofAttendance(COA),enrollmentstatusandExpectedFamilyContribution(EFC).TheOfficeofFinancialAidverifiesstudentaidhistoryandaggregateloanamountsviatheNationalStudentLoanDatabaseSystem(NSLDS).StudentsreceivingTitleIVaidarerequiredtofileaFAFSA.NoaidmaybeawardeduntilanacceptedISIRisonfileandallrequiredresolutionand/orverificationhasbeencompleted.

11

Section4:TypesofFinancialAid4.1 FederalAidProgramsUponreceiptofthestudent’sFAFSA,SFCCwillevaluateeligibilityforbothfederalandstateaidfinancialaidprograms.

4.1.1 PellGrant

TheFederalPellGrantProgramprovidesneed-basedgrantstolow-incomeundergraduatestudentstopromoteaccesstopostsecondaryeducation.Pellgrantsarebasedonastudent’sEFC,enrollmentstatusandtheCOAoftheschoolatwhichtheyareattending.Forexample:AstudentwithanExpectedFamilyContribution(EFC)of0andisafulltimestudent(12+credits)fortheyear,thatstudentiseligiblefor$6345fortheyearor$3,173forthefallsemesterand$3,172forthespringsemester.Ifthestudentisenrolledinatleast6credithoursofcourseworkinthesummersemester,thestudentwouldreceive$1587PellGrantforsummer,orone-half(50%)ofasemester’seligibleoffer. ThePellGrantisdisburseddirectlytothestudent’saccounteachterm.ThePellGrantwillapplytowardsthetuitionandfeeschargedtotheiraccounts.AnyexcessPellGrantfundsareissuedtothestudent.Ifanoverpaymentoccurs,thestudentisresponsibleforreimbursingtheschool.

4.1.1.1EligibilityforSummerPellGrant(150%PellGrant)Ifthestudentenrolledin12+creditsinthefallandspringsemestersandreceivedthefullamountofeligiblePellGrantforeachsemester,thestudentmaybeeligibleforadditionalPellGrantfunds,inthesummersemester.ToreceivetheSummerPellGrant,studentsmustbeenrolledinatleast6credithoursofcoursework.Thecourseworkmustcounttowardsthestudent’sprogramofstudy.IfthestudentdidnotreceivealleligibleofferedamountofPellGrantinthefallandspringsemester,theywillreceivetheirremainingPellGrantinthesummersemester.Theamountofferedwillbecontingentuponthenumberofcredithoursenrolledandallcourseworkmustcounttowardstheirprogramofstudy.4.1.1.2ChildrenofFallenHeroesScholarshipInanelectronicannouncementdated,November18,2018,FederalStudentAidoutlinedtheeligibilityrequirementsfortheChildrenofFallenHeroes

12

Scholarship.Toqualifyforthisscholarship,astudentmustbePell-eligible,haveaPell-eligibleEFC,andbelessthan24yearsofageorenrolledataninstitutionofhighereducationatthetimeofhisorherparent’sorguardian’sdeath.Insubsequentawardyears,thestudentcontinuestobeeligibleforthescholarship,aslongasthestudenthasaPell-eligibleEFCandcontinuestobeaneligiblestudent.AllTitleIVaidawardedtosucheligiblestudentsmustbebasedonanEFCofzerowithoutregardtothestudent’scalculatedEFC.Thus,thestudentiseligibleforthemaximumPellGrantforhisorherenrollmentstatusandcostofattendance.Inaddition,thestudent’seligibilityforDirectLoansandforCampus-BasedprogramaidmustbebasedonanEFCofzero.WhiletheDepartmentofEducationdoesnotspecifyalloftheacceptabledocumentationthatmaybeusedtodetermineeligibilityforthisscholarship,SFCCwillconsideranyofthefollowing:• Adeterminationletteracknowledgingeligibilityforcertainfederalbenefits

underthePublicSafetyOfficersBenefit(PSOB)programadministeredbytheDepartmentofJustice;

• Awrittenletterofattestationordeterminationmadebyastateorlocalgovernmentofficialwithsupervisoryorotherrelevantoversightauthorityofanindividualwhodiedinthelineofdutywhileservingasapublicsafetyofficerasdefinedabove;

• Documentationofthestudentqualifyingforastatetuitionorotherstatebenefitaccordedtothechildrenorotherfamilymembersofapublicsafetyofficerconsistentwiththedefinitionin42U.S.C.3796b,orasafirepoliceofficerasnotedabove;or

• OtherdocumentationthatSFCCwilldeterminetobefromacrediblesourcethatdescribesorreportsthecircumstancesofthedeathandtheoccupationoftheparentorguardian.

SFCCwillmaintainallevidentiarydocumentationrelatedtothedeterminationofthestudent’seligibilityfortheChildrenofFallenHeroesScholarship.

4.1.2 FederalSupplementalEducationalOpportunityGrant(FSEOG)FSEOGisafederalneed-basedgrantfordegree-seekingundergraduatestudentswithexceptionalneed.TheactualamountofferedisbasedonfundingprovidedtoSFCCfromtheU.S.DepartmentofEducation.FSEOGwillbeofferedannuallyandwillbeappliedtofallandspringsemesters.FundsareverylimitedandareofferedtoPell-eligiblestudentswhoshowfinancialneedasindicatedontheStudentAidReport(SAR).Priorityisgiventothosestudentswith0EFC.Disbursementwillbemadetothestudent’saccount.

FSEOGwillbeappliedtostudent’saccountsonafirstcomefirstservebasis.Determinationoffirstcome,firstservewillbebythefollowingcriteria:• Enrolledbythefirstdayofthesemester

13

• HaveanEFCof0• NomorethanonebadSAPstatusincollegecareer• VerificationcompleteonFAFSA.4.1.3FederalWorkStudy(FWS)EmploymentOpportunitiesAspartofthestudent’sfinancialaid,astudentmaybeabletoworktopaysomecollegeexpenses.SFCCoffersneed-basedjobopportunitiessuchason-campuspositions,communityserviceandtutoring.MostFWSpositionspayminimumwageandnormallyprovideabout15hoursofworkperweek.EligibilityforFWSisdeterminedbytheinformationprovidedbythestudent’sFAFSA.Ifthestudent’sofferoffinancialassistanceincludesemploymentunderFWS,theamountshownforthiscategoryistheamountofmoneythestudentmayexpecttoearnduringtheacademicyearasaresultofworkperformed.

4.1.4 FederalDirectLoanProgram

StateFairCommunityCollegeparticipatesintheFederalDirectLoansProgramtohelpthosestudentswhootherwisewouldbeunabletoattendschool.FederalDirectLoansprovidestudentstheopportunitytoborrowfundsforeducationcostswithalowfixedinterestrate.TherearethreetypesofdirectloansofferedbySFCC:• TheDirectSubsidizedLoanisavailabletostudentswhodemonstratefinancialneed.TheDepartmentofEducationpaystheinterestontheloanwhilethestudentisenrolledinatleasthalftimeandduringsomeperiodsafterschool.

• TheDirectUnsubsidizedLoanisnotofferedbasedonneed.Interestontheseloanswillaccrueandwillbeaddedtotheprincipalamountoftheloan.Studentsareresponsibleforpayingtheinterestduringallperiods.

• TheDirectPLUSLoanisofferedtoparentsofadependentundergraduatestudenttohelppayforeducationexpensesnotcoveredbyfinancialaid.Eligibilityisnotbasedonfinancialneedandacreditcheckisrequired.Borrowerswhohaveanadversecredithistorymustmeetadditionalrequirementstoqualify.

Studentsmustbeattendingatleasthalftime(6credits),maintainagoodSAPstatus,andhaveverificationcompleted(ifrequired)tobeeligibleforanyofthefederalstudentloans.Gradelevelanddependencystatus,willdeterminethemaximumallowableamountoffederalfundsastudentmayborroweachyear.Pre-programsandcertificateprogramslessthanoneyearinlengtharesubjecttoloanborrowinglimitations.

14

AcademicLevel DependentStudent IndependentStudentGradeLevel1–Freshman(1-29credithours)

$5,500–upto$3,500ofthismaybeinsubsidizedloans


GradeLevel2–Sophomore(30+credithours)



AggregateLoanLimits(TotalBorrowableAmounts)



4.1.5 RequestingaStudentLoanandFinancialCounselingSinceloansarenotautomaticallyaddedtoastudent’sfinancialaidpackage,theymustrequestloanstobeaddedtotheiraccount.Toensurethatstudentsareawareoftheirfinancialresponsibilityofborrowing,studentsmustprovidethefollowinginformationwhenrequestingaloan.1. Submitanemailtofinancialaidrequestingaloan.Contentsoftheemailshould

include:theirdegree/programofstudy,howmuchtheyowe,andalistingofallotheraidtheywillbereceiving.

2. CompleteEntranceCounselingandsigntheirMasterPromissoryNoteonstudentaid.gov.

3. Completeadatasheetrequestingtheiramounttoborrowandforwhichsemesters.

4. StartingFY2021-2022–CompletetheAnnualStudentLoanAcknowledgementonstudentaid.gov.

SFCCFY2017averageloandefaultrateis17.1%ofstudentborrowerswhoenteredintoloanrepaymentandhaddefaultedwithinthreeyears(comparedtothenationaverageofboth2yr.and4yr.institutionsof9.7%).Annually,aspartoftheFinancialAidNewYearsetupthenewloandefaultrateisupdatedinourcomputersystem,website,andanyapplicabledocuments/publications.

**Thelastdaytorequestastudentloanforthesemesteristwoweekspriortoofficialenddateofthesamesemester.Studentswhoreceivesubsidized,unsubsidizedorPLUSloansmustcompleteExitCounselingeachtimethey:dropbelowhalftimeenrollment,graduateorleaveschool.ExitCounselingislocatedonstudentaid.gov.

4.1.6 FederalFinancialAidReturnofTitleIVFundsPolicyIfastudentreceivesTitleIVaid(federalstudentloans,PellGrant,SEOG)andwithdrawspriortooratthe60%pointoftheterm,repaymentofaportionofthosefundsisrequired.FurtherdetailaboutReturntoTitleIVfundspolicyandprocessislocatedinSection9:WithdrawingfromClasses&ReturntoofTitleIVFunds.

15

4.1.7 CodeofConductforStudentLoansStateFairCommunityCollegeadherestoacodeofconductregardingrelationshipswithprovidersofprivateeducationalloans.AlthoughSFCCdoesnotrecommendprivateeducationalloans,uponrequestwewillprovidethestudentwithinformationandassistanceinobtainingaprivateloan.StateFairCommunityCollege:• Doesnotrequiretheuseofaparticularlendinginstitutionorinanywaylimitthechoiceoflendinginstitution.

• Doesnotrecommendparticularlendinginstitutionstostudentsorfamiliesofthosestudents.

• Doesnotmaintainapreferredlenderlistorhaveanypreferredlenderarrangements.• Processesloanapplicationsthroughanylendinginstitutionastudentorparentchooses.• Doesnotassignforanyborrower,throughawardpackagingorothermethods,aloantoaparticularlendinginstitutionanddoesnotrefusetocertifyordelaycertificationofanyloanbasedontheborrower’sselectionofaparticularlendinginstitution.

• Prohibitsconflictsofinterestwithrespecttotheloans.• Prohibitsrevenuesharingarrangementswithanylendinginstitution.• DoesnotsolicitoracceptanythingofvaluefromanylendinginstitutioninexchangeforanyadvantagesoughtbyalendinginstitutiontomakeeducationalloanstostudentsenrolledatoradmittedtoStateFairCommunityCollege.

• ProhibitsthesolicitationoracceptanceofanyfundstobeusedforprivateeducationalloansinexchangeforconcessionsbyStateFairCommunityCollegetoalendinginstitution.

• ProhibitsanyemployeeoftheFinancialAidOfficeoranyemployeewhootherwisehasresponsibilitieswithrespecttoeducationalloansfromsolicitingoracceptingfromalendinginstitutionanygiftworthmorethananominalvalue.

• ProhibitsanyemployeeoftheFinancialAidOfficeoranyemployeewhootherwisehasresponsibilitieswithrespecttoeducationalloansfromenteringintoanytypeofconsultingarrangementorothercontracttoprovidetoalenderinstitutionservicesrelatingtoeducationalloans.

• ProhibitsanyemployeeoftheFinancialAidOfficeoranyemployeewhootherwisehasresponsibilitieswithrespecttoeducationalloanstoserveonanadvisoryboard(orcommissionorgroup)relatingtoeducationalloansestablishedbyalendinginstitutionorgroupoflendinginstitutionsfromreceivinganythingofvaluefromthelendinginstitutionorgroupoflendinginstitutionsinconnectionwithservingonsuchanadvisoryboard(orcommissionorgroup).

• Prohibitsexternallendinginstitutions’employees,representatives,oragentsfromprovidingstaffingservicestotheFinancialAidOffice.

• Prohibitsexternallendinginstitutions’employees,representatives,oragentsfromidentifyingthemselvestostudentsofStateFairCommunityCollegeortheirparentsasemployees,representatives,oragentsoftheFinancialAidOffice.

16

4.2 StateAidPrograms

SFCCisaparticipatinginstitutioninallgrantandscholarshipprogramstheMissouriDepartmentofHigherEducationandWorkforceDevelopmentoffers.ThetwomainprogramsawardedatSFCCaretheA+ScholarshipProgramandtheMissouriAccessGrant.Belowarebriefdescriptionsandrequirementsofthoseprograms.Acomprehensivedescription,aswellasallrequirementsforinitialandrenewalawardsforallotherprogramsoffered,canbefoundontheirwebsiteatdhewd.mo.gov.Stateaideligibilityisdeterminedbytheinformationprovidedbythestudent’sFAFSA.Studentsmustmeetallfederalrequirementsinordertobeeligibleforstateaidprograms.Allstateprogramswillbeappliedtostudentsaccountaccordingly.

4.2.1 A+ScholarshipProgram

TheA+ScholarshipProgramprovidesscholarshipfundstoeligiblegraduatesofA+designatedhighschoolwhoattendaparticipatingpubliccommunitycollegeorvocational/technicalschool,orcertainprivatetwo-yearvocational/technicalschools.TobeeligiblefortheinitialA+Scholarshipaward,thestudentmustmeetthefollowingrequirements:• Enrollandattendfull-timeatStateFairCommunityCollege.(StudentswhohaveadisabilityasdefinedbyTitleIIoftheAmericanswithDisabilitiesActandareunabletoenrollfull-timebecauseoftheirdisabilitybutareenrolledinatleastsixcredithoursmaybeconsideredeligible.)

• Beseekinganeligibleassociate’sdegreeorcertificate• NothaveacriminalrecordpreventingreceiptoffederalTitleIVstudentfinancialaid• MakeagoodfaithefforttosecureallavailablefederalaidbycompletingtheFAFSA• SubmitanofficialhighschooltranscriptwithA+sealandgraduationdate.TorenewA+scholarshipawardafterthefirstsemester,initialstudentsmust:• Achieveaminimum2.0cumulativegradepointaveragebytheendofthefallterm.• Completeatleast12credithoursineachfallandspringterminwhichthestudentreceivesanA+award(6credithoursinsummer).

• Achieveaminimum2.5cumulativegradepointaveragebytheendofthespringterm.

TorenewA+scholarshipawardeverysemester,returningstudentsmust:• CompletetheFAFSA,eachyearandsatisfyallredflagsonmySFCC.

Due to COVID-19 Pandemic – Missouri Department of Higher Education and Workforce Development has announced temporary altered guidance for continued eligibility for all state funded programs. Guidance is located on their website at https://dhewd.mo.gov/.

17

• Maintaina2.5gradepointaverageandotherwisemaintainsatisfactoryacademicprogressasdefinedbytheschool

• Completeatleast12credithoursineachfallandspringterminwhichthestudentreceivesanA+award(6credithoursinsummer).

Ifthestudentfailstomeettherenewalcriteria,thestudentmayreceivetheawardinthetermfollowingtheschool’sdeterminationthatthestandardhasbeenregained.SFCCwillmonitorsatisfactoryacademicprogressattheendofeverysemester.ThestudentscancontacttheOfficeofFinancialAidtodeterminewhentheirA+scholarshipawardwillbereinstated.

4.2.2 AccessMissouriGrantAccessMissouriisaneed-basedstateprogramtoincreaseaccesstothestudent’sschoolofchoice.TheawardamountisbasedontheEFCasdeterminedbyinformationprovidedbythestudent’sFAFSA.Tobeeligibleforassistancethestudentmustmeetthefollowingrequirements:• BeaU.S.citizenorpermanentresidentandaMissouriresident.• Beanundergraduatestudentenrolledfull-timeatStateFairCommunityCollege.Full-timeenrollmentisdefinedasaminimumof12credithours.(6semesterhoursforstudentswhoareunabletoenrollin12hoursasaresultofadisabilitydefinedbyTitleIIoftheAmericanswithDisabilitiesAct.)

• HaveanEFCof0to12,000.• Pursuinganeligibleassociatedegreeorcertificate.• HaveaFAFSAonfileandcorrectionsmadetotheFAFSAbyJuly31.§ SubmitFAFSAbyPriorityDeadline:February1nolaterthanApril1TocontinuetoreceiveMissouriAccessGrant,renewalstudents:• Maintainaminimumcumulativegradepointaverage(CumulativeGPA)of2.5andotherwisemaintainsatisfactoryacademicprogressasdefinedbythestudent’sschooleveryyear.

• StudentscanreceiveamaximumoffivesemestersofMissouriAccessGrantatStateFairCommunityCollege.

WhilethestudentisreceivinganAccessMissouriaward,ifthestudentisfoundguiltyoforpleadsguiltytoanycriminaloffensethatdisqualifiesthestudentfromreceivingfederalTitleIVaid,thestudentcannotrenewtheirAccessMissouriAward.4.2.3 AdvancePlacementIncentiveGrantTheAdvancedPlacementIncentiveGrantisanonrenewablegrantdesignedtoencouragehighschoolstudentstotakeandscorewellonAdvancedPlacementtestsinmathematicsandscience.

18

4.2.4 BrightFlightProgramTheBrightFlightProgramisamerit-basedprogramthatencouragestop-rankedhighschoolseniorstoattendapprovedMissouripostsecondaryschools.Tobeeligible,studentsmustmeetthefollowingrequirements:• BeaMissouriresidentandaU.S.citizenorpermanentresident• EarnacompositescoreonACTorSATinthetop3%ofallMissouristudentsbytheJunetestdate

• Enrollfulltimeasafirst-timefreshmanimmediatelyfollowinghighschoolgraduation• PursueaneligibledegreeorcertificateatSFCC

4.2.5 Kid’sChanceProgram

Thisscholarshipisavailabletochildrenofworkerswhowereseriouslyinjuredordiedinawork-relatedaccidentcoveredandcompensatedbyworkers'compensation.AseriousinjuryisonethatledtoapaidsettlementorjudicialawardandisverifiedwithinformationfromtheMissouriDivisionofWorkers'Compensation.

4.2.6 MargueriteRossBarnettProgramThisneed-basedscholarshipwasestablishedforstudentswhoareemployedwhileattendingschoolpart-time.

**Thisprogramwillnolongerbeofferedafter2020**

4.2.7 MinorityandUnderrepresentedEnvironmentalLiteracyProgram

Thisisascholarshipdesignedtoassistacademicallytalentedminorityandunderrepresentedindividualspursuingabachelor'sormaster'sdegreeinanenvironmentalcourseofstudythatwillleadtoemploymentinafieldthatisclearlyenvironmentallyrelated.

4.2.8 PublicServiceOfficerSurvivorGrantThisprogramprovidestuitionassistancetocertainpublicemployeesandtheirfamiliesiftheemployeeiskilledorpermanentlyandtotallydisabledinthelineofduty.

4.2.9 WartimeVeteran’sSurvivorsGrant

Thesegrantsareavailableannuallytochildrenandspousesofveteranswhosedeathsorinjurieswere:aresultofcombatactionorwereattributedtoanillnessthatwascontractedwhileservingincombataction,orwhobecame80percentdisabledasaresultofinjuriesoraccidentssustainedincombatactionsinceSept.11,2001.

19

4.2.10 FastTrackWorkforceIncentiveGrant

Thisgrantaddressesworkforceneedsbyhelpingadultspursueacertificate,degree,orindustry-recognizedcredentialinanareadesignatedashighneed.GrantrecipientsmustmaintainMissouriresidency,workinMissouriforthreeyears,andmaintaineligibilitywhileawardedthegranttopreventthegrantfrombecomingaloanthatmustberepaidwithinterest.EligibilityfortheFastTrackgrantare:• Studentswhoare25yearsorolderorwhohavenotbeenenrolledinanyschoolwithinthelasttwoyears.

• Studentswhohavenotearnedabachelor’sdegreeandareplanningtoenrollparttime(nolessthan6)orfulltime(12+)credithours.

• Studentswhomakenomorethan$80000filingjointlyorfamilyincome,ornomorethan$40000peryear,filinganyothertaxstatus.

• Studentswillmaintaina2.5cumulativegpaeachsemesterwhilereceivingthegrant.• Willachievequalifyingemploymentwithin12monthsofgraduation.Theapplicationprocessforthegrantsisasfollows:• FindanapprovedprogramatSFCC• CompletetheFastTrackapplication,availablethroughtheStateStudentFinancialAidPortalonmdewhd.gov.(Firsttimeuserswillneedtocreateanaccounttologin.)

• Completetheself-certificationformforeachdisbursement(persemester)andreturnformto:MissouriDepartmentofHigherEducation&WorkforceDevelopmentAttn:FastTrackP.O.Box1469JeffersonCity,MO65102

• HaveacompletedFAFSAonfileeachyearenrolled.

4.3 MilitaryandVeteranEducationBenefits

TheOfficeofFinancialAidiscommittedtoassistingthosewhoservedorarecurrentlyservingintheU.S.military,andtheirfamilymembers.Veteranandservicemembersreceiveindividualizedguidanceincompletingapplicationsfortheveteraneducationbenefits,federalandstatetuitionassistance,andfederalstudentaidprograms.TheapplicationforEducationalBenefitsonlineisatva.gov/education/how-to-apply.StudentscanmeetwiththeSFCCVASchoolCertifyingOfficialswhowillhelpthemcertifytheircourseworkwiththeDepartmentofVeteranAffairs.StudentswillproviderequireddocumentationtobeeligibletoreceiveVAeducationbenefits.Theschoolwillberesponsibleforcertifyingstudent’senrollmentforeachpartofterm,totheVAoffice.TheDepartmentofVeteransAffairsmakesalldeterminationsofastudent'seligibilityforeducationbenefits.Individualsapplyingforveteraneducationbenefitsshouldallowa

20

minimumof6-8weeksafterapplyingforbenefitsandallsupportingdocumentstotheVAbeforereceivingnotificationofeligibility.

4.3.1 Chapter30Montgomery(ActiveDuty)

EducationalassistanceisavailabletoindividualswhohaveanhonorabledischargeandmeetadditionaleligibilitycriteriaasdeterminedbytheDepartmentofVeteranAffairs.Thisprogramprovidesupto36monthsofeducationalbenefits.Generally,benefitentitlementendstenyearsfollowingthereleasefromactiveduty.

4.3.2 Chapter1606EducationalAssistance(SelectedReserveProgram)

EducationalassistanceisavailabletoindividualswhoaremembersoftheSelectedReserve,whichincludestheArmy,Navy,AirForce,MarineCorps,andCoastGuard.ThiseducationalassistanceisalsoavailabletomembersoftheArmyNationalGuardandAirNationalGuard.Reservistsmaybeentitledtoreceiveupto36monthsofeducationalbenefits.Generally,benefitentitlementends14yearsfromthedateofeligibilityfortheprogram.

4.3.3 Chapter33Post-9/11

Financialsupportisavailableforeducationandhousingtoindividualswithatleast90daysofaggregateserviceonorafterSeptember11,2001,orindividualsdischargedwithaservice-connecteddisabilityafter30days.IndividualswhomayqualifyformorethanoneeducationprogrammayormaynotwanttoenrollintheChapter33programuntilexhaustingotherprogrambenefits.Beforeapplyingforeducationbenefits,eachpotentialapplicantisencouragedtocompleteathoroughbenefitcomparisonofeligibilitythrougheachprogrambecausethedecisiontoapplyforthePost-9/11isirrevocable.Toobtainadditionalinformation,visitU.S.DepartmentofVeteransAffairs.DepartmentofVeteransAffairsrepresentativesmaybeconsultedtodiscussbenefiteligibilitybycalling1(888)GI-BILL-1or1(888)442-4551.

4.3.4 Chapter35SurvivorsandDependentsEducationalAssistance(DEA)

Educationalassistanceisavailabletoeligibledependentsofcertainveterans.Thisprogramprovidesupto45monthsofeducationalbenefits.EligibledependentsmustcompletetheonlineApplicationforSurvivors'andDependents'EducationalAssistance,VAForm22-5490locatedonlineatva.gov.Thebasicmonthlyratevariesdependingonthetypesoftraining.SFCCwillneedtheveteran’sVAfilenumber(Cnumber)beforecertification.

21

4.3.5 Chapter31VocationalRehabilitation

Veteranswithaservice-connecteddisabilitymaybeeligibleforvocationalrehabilitationservicesthroughtheDVA.Theonlineapplication,VAForm28-1900,isavailableattheU.S.DepartmentofVeteransAffairs-VeteransOnlineApplicationSystem.ApplicantsmustcontacttheirVeteransBenefitsAdministration'sVocationalRehabilitationandEmploymentCounselor,whowillnotifytheBusinessOfficeofeachapplicant'seligibility.

4.3.6 FederalTuitionAssistance,MilitarySpouseCareerAdvancementAccountsProgram(MyCAA),orNationalGuardTuitionAssistance

Forapplication,instructions,andbenefitsprovided,contacttheBusinessOfficeat(660)530-5826,faxat(660)[email protected] DocumentationNeededforApplyingVAbenefit

TypeofBenefit DocumentationChapter30–Montgomery(activeduty) • CertificateofEligibilityChapter31–VAVocationalRehab • Form28-1905-Authorizationand

CertificationofEntranceorReentranceintoRehabilitationandCertificationStatus

Chapter33–Post9/11 • CertificateofEligibilityChapter35–DependentEducationAssistance(DEA)

• CertificateofEligibility• Veteran’sVAfilenumber(Cnumber)

Chapter1606 • CertificateofEligibility• NoticeofBasicEligibility(NOBE)Form2384andsix-yearcontract

Transferringfromadifferentschool • Form22-1995RequestforChangeofProgramorPlaceofTraining

*CopiesoftheformsfromtheirVAonlineaccountareacceptable.

4.3.8 MilitaryServiceActivation

Studentswho,duringthecourseofanacademicterm,arecalledintoactivemilitaryservice,includingNationalGuardandReserve,shouldnotifytheOfficeofFinancialAidassoonaspossible.Uponpropernotificationandsubmissionofactivedutyorders,eligiblestudentsmayreceivespecialconsiderationfortuitionandfeerefundsand/orcoursecreditoptions.Foradditionalinformation,contacttheOfficeofFinancialAid.

22

4.3.9 Attendance/AcademicCertification

Eachsemester,theVASchoolCertifyingOfficialwillcertifytotalenrollmenthoursonVAOnceonlineportalasinstructedbyDepartmentofVeteranAffairs.Changesinschedules,degreeprogramsandnumberorhoursenrolledarealsoreportedbyVASchoolCertifyingOfficialsontheVAOnceonlineportalthroughoutthesemester.Student’scourseworkwillbecertifiedimmediatelyfollowingenrollmentofcourseswithouttuitionandfeesadded.OnceSFCC100%withdrawaldatehaspassed,theVASchoolCertifyingOfficialwilladjusttheoriginalcertificationtoconfirmnumberofhoursenrolledandaddalltuitionandfees.

Inadditiontocertifyingtheclassschedule,theOfficeofFinancialAidisrequiredtoreportchanges,suchaswhenastudentdropsbelowfull-time,three-quartertime,half-time,orone-quartertime,receivesanunsatisfactorynon-punitivegrade,isacademicallydismissed,orissuspended.StudentsreceivingChapter30(MontgomeryActiveDuty),Chapter1606(MontgomerySelectedReserveProgram),andChapter1607(ReserveEducationalAssistance)benefitsmustverifytheirenrollmentthelastdayofeachmonth(orafter)withtheDVAbycalling(877)823-2378oronlineatU.S.DepartmentofVeteransAffairs-WAVE.SFCCwillnotpenalizeorrequirethebeneficiarytoborrowadditionalfundstocovertuitionandfeesduetolatepaymentsfromtheVA.StudentsshouldcontinuetoattendtheircoursesuntilVAprovidespaymenttotheinstitution.SincemostformsofVAeducationbenefitsarenotconsideredaformoffinancialaid,itisencouragedtofillouttheFAFSAforadditionaleducationalfunding.

4.3.10ConcurrentEnrollment

IfastudentisobtaininghisorherdegreeatSFCCandiscompletingacourseatanotherinstitution,heorshemaybeeligibleforveteraneducationbenefits.ConsultwiththeOfficeofFinancialAidVeteranServicestocompletethespecificproceduresforeligibilitydetermination.CompletionofanewApplicationforVAEducationBenefitsoraChangeofProgram/ChangeinProgrammaycauseadelayinreceiptofVApayments.TheOfficeofFinancialAidVeteranServicesisresponsibleforsubmittingclasscertificationsfortheveteraneducationbenefitsprogramstotheDepartmentofVeteranAffairs.SFCCdoesnotmakeanyeligibilitydeterminationsastothereceiptordollaramountsofanyfundsreceivedbytheDepartmentofVeteransAffairsortheU.S.DepartmentofEducation.

23

4.4 ScholarshipProgramsStudentsinterestedinapplyingforboththeInstitutionalandFoundationScholarshipsshouldfilloutthegeneralapplicationonline.StudentsthathaveastudentIDandpasswordwillhaveaccesstotheapplication,however,tobeeligibleforallavailablescholarships,studentsmustbefullyadmittedandhavethemostrecenthighschooltranscriptandothercollegetranscriptsonfile.Allscholarshipswillbedisbursedintothestudent’saccountaccordingtoscholarshipguidelines.ThegeneralapplicationfortheupcomingacademicyearopensonNovember15andtheprioritydeadlineisMarch1.ApplicationswillbeaccepteduntilJune1.*PrioritywillbegiventostudentswhoapplybytheMarch1deadline.

4.4.1 InstitutionalScholarships

SFCCoffersavarietyofscholarshipsthat donothavetoberepaid.Scholarshipsmaybe awardedondifferentcriteriasuchasscholastic achievement,merit,athletic,and,insomecases, financialneed.ThescholarshipapplicationisavailablefortheupcomingschoolyearbyNovember15.TheapplicationprioritydeadlineisMarch1.Thestudentmusthavebeenadmittedtothecollege andthestudent’smostrecenthighschoolandothercollegetranscriptsonfile.Formoreinformation,pleaseseetheScholarshipBrochure.Thescholarshipapplicationislocatedathttps://sfccmo.academicworks.com.Oneapplicationwillapplytoallavailablescholarshipsforeachstudent.Somescholarshipsrequireanadditionalessayorletterofreference.SFCCreservestherighttocreatenewscholarshipsthroughouttheyeartobenefitourcurrentorincomingstudents.4.4.2 FoundationScholarships

PrivatedonorsandorganizationsfundfoundationScholarships.ScholarshipsareawardedtostudentsattendingorplanningtoattendStateFairCommunityCollege.Therequirementsforeligibilityvaryandmaybebasedonavarietyofcriteriasuchas:demographic,degreeprogram,academics,and/orcredithoursenrolled.AcompletelistingofallFoundationScholarshipsarelocatedonScholarshipBrochure.4.4.3 Outside/PrivateScholarships

Outside/privatescholarshipfundsmustbesubmittedtotheOfficeofFinancialAid.If

24

thecheckrequiresasignaturebythestudent,theywillbesentnotificationtovisitourofficeforendorsementontheirmySFCCfinancialaidtab.Unlessotherwisenoted,ifthecheckis$500orgreater,theawardamountwillbedividedevenlybetweenthefallandspringsemesters.

4.5 OtherPrograms

4.5.1PrivateLoans

SFCCrecommendsalternative/privateloansonlybeconsideredasalastresortastheytypicallyofferlessfavorableinterestratesandrepaymenttermsthanfederalstudentloans.Studentsmaychoosetouseanyprivateeducationalloanprovider.Pleasenotethatapplicationrequirementsandprocessingtimemayvarybyloanprovider.Studentsinterestedinutilizingprivateloansmustbeenrolledinatleast6credithourswhereasthecourses:• areofthestudent’scurrentgradelevelcoursesasdefinedbyDepartmentofEducationdirectloanrequirements(see4.1.4)

• arerequiredorprerequisitecoursesforthedeclaredprogramofstudy• ifarepeatcourse,mustnothaveearnedapassinggradeof“C”orbetter.Studentsmayborrowuptothecostofattendanceminusanyotherfinancialaidreceived.Allprivateloanfundswillbeappliedtowardsastudent’saccountbalanceowedbeforeanycreditbalancesaredisbursedtothestudent.4.5.2FinishLineDegreeCompletionGrantTheFinishDegreeCompletionLineGrantinpartnershipwithMissouriScholarship&LoanFoundation(MSLF),isdesignedtoassistMissouristudentswhohaveleftschoolandarepreventedfromre-enrollingandcompletingadegreeduetoanoutstandingpastduebalance.ThisgrantisofferedtoundergraduatestudentsattendingSFCCwithanoverduebalanceofupto$3,000.00.HalfofthebalancewillbepaidbySFCCandtheotherhalfbyMSLFEligiblestudentsmust:• BeaMissouriresident• Haveapastdue(ofatleast6monthsormore)balanceof$3,000orless• HaveapreviouslyknownEFCofapproximately12,000orless• Bewithinapproximately30credithoursofdegree/certificatecompletion• Meetacademicprogressstandardsandaminimum2.0cumulativegradepointaverage.

25

StudentsareinvitedtoparticipateinthisprogrambytheFinancialAidofficeandBusinessOffice.StudentsmustfillouttheonlineapplicationforFinishLineDegreeCompletionGrantonScholarshipCentralwebsiteaswellasadditionaldocumentationprovidedbytheFinancialAidoffice.

4.5.3MissouriEducationandTrainingVoucherProgram(ETV)TheMissouriEducationandTrainingVoucherProgramisafederallyfunded,state-administeredprogramdesignedtohelpyouthwhowereinU.S.fostercare.Studentsmayreceiveupto$5,000ayearforqualifiedschoolrelatedexpenses.Fundingislimitedandavailableonafirst-come,first-servedbasistoeligiblestudents.ApplicantsmustcompletetheETVapplication,whichincludesdocumentationeachsemesterthatissentdirectlyfromtheschooltoETVconfirmingenrollment,thecostofattendance(COA)andunmetneed.EligibilityrequirementsforETV:• Youmustbeacurrentorformerfosterstudentwhomeetsoneofthefollowing:Ø currentlyeligibleforChafeeservices.Thisincludesstudentsthathaveexited

Children’sDivisioncustodyatage18orlateruntiltheageof21.Ø adoptedfromU.S.fostercarewiththeadoptionfinalizedAFTERyour16th

birthday.Ø placedinkinshipguardianshipfromU.S.fostercareafteryour16thbirthday.

• YoumustbeaU.S.citizenorqualifiednon-citizen.• Yourpersonalassets(bankaccount,car,home,etc.)areworthlessthan$10,000.• Youmustbeatleast18toapplyforthefirsttime.YoumayreapplyforETVfunds,ifyouhaveacurrentgrant,uptotheageof26.

• HasaccessedETVfundinglessthanthe5-yearlimit(consecutiveorintermittent).• Youmusthavebeenacceptedintoorbeenrolledinadegree,certificateorotheraccreditedprogramatacollege,university,technical,vocationalschool.ToremaineligibleforETVfunding,youmustshowprogresstowardadegreeorcertificate.

27

Section5:VerificationTheOfficeofFinancialAidisrequiredtovalidatecertaininformationprovidedonyourFAFSA.Thisprocessiscalledverification.Ifyouhavebeenselectedforverification,youarerequiredtoprovidedocumentationverifyingtheinformationonyourFAFSA.Sometypesofinformationthatmaybeverifiedare:demographics,incomeandtaxinformation,householdsize,numberenrolledincollege,andhighschoolcompletion5.1 VerificationSelection

FederalStudentAiddetermineswhichFAFSAsareselectedforverification.Onaverage,30%arechosen.AftersubmittingyourFAFSA,youwillreceiveanelectronicStudentAidReport,orSAR.Ifyouhavebeenselectedforfederalverification,thiswillbeindicatedonyourSAR.Thecollegemaychoosetoselectastudent’sFAFSAforverificationasneededorwhenconflictinginformationisreceived.

5.2NotificationofVerificationSelection

StudentsselectedforverificationwillbenotifiedviaSFCCstudentemail.StudentsmayalsochecktheirmySFCC,forRedFlags.ThelistofneededdocumentscanbeviewedbyloggingintomySFCCandgoingtotheFinancialAidtabandthentotheFinancialAidRequirementschannel.Alistofrequireddocumentsandtheircurrentstatus(missingorreceived)willbelisted.Receivedorcompleteddocumentsareidentifiedwithagreencheckmark,missingdocumentsareidentifiedwitharedflagnexttothedocument.

5.3 DocumentationSubmissionThestudent’sfederalandstatefinancialaidcannotbepackagedorawardeduntiltheverificationprocessiscomplete.Studentswhorequireverificationandcompleteorsubmittheirdocumentsbythefollowingprioritydeadlineswillbegivenfirstconsiderationforprocessing:

PriorityDeadline LastdaytoacceptdocumentsFallSemester July1 January30SpringSemester November1 June30SummerSemester April1 August31

IntheFinancialAidSection:IfthestudenthasaFAFSAapplicationonfileformorethanoneaidyear,makesurechoosethecorrectschoolyearatthetopofthepage.Click“Message”belowtheredflagsboxtoreadmoreaboutadditionalrequirementstocompleteyourfinancialaidpackage.

28

5.4 RequiredDocumentationDocumentsrequestedfromthestudentforenrollmentverificationpurposesmustbereceivedtwoweekspriortoensurethattheprocessiscompletedbythedeadline.Verificationdocumentswillbeacceptednolaterthan180daysafterthelastdayofeachsemester.Studentsmustprovidetherequesteddocumentationbeforefinancialaid(grantsorstudentloanfunds)canbeawardedordisbursedtostudentaccounts.Thestudentwillprovidedocuments(withvalidsignatures)totheOfficeofFinancialAidinpersonorbymail,faxoremail.UponrequesttheOfficeofFinancialAidcanmakecopiesofanyoriginaldocumentsexceptmilitaryidentificationcards.Somedocumentsneededtocompletetheverificationprocessarelistedbutnotlimitedto:□ VerificationWorksheet(postedonyourmySFCCaccount)□ Parents’IRSTaxReturnTranscriptshowingthestudentasadependentandany

amendmentby1040Xwithsignature(notrequiredifstudentisindependent)□ Student’sIRSTaxReturnTranscriptandanyamendmentby1040Xwithsignature

(includespouse’staxtranscript,ifmarriedandnotfilingjointly)□ Non-filersonly:IRSVerificationofNon-FilingLetterANDallW-2’sforparent(s),

studentand/orspouse.TaxReturnTranscriptsandVerificationofNon-FilingLetterscanberequestedfreeofchargeonwww.irs.gov,orbycompletingandsubmittinganIRSForm4506T.ItisrecommendedthatstudentsandparentsusetheIRSDataRetrievalTool(DRT)toimportdatafromtheirtaxreturnandnotchangethatdataonceimported.TheDRTisthefastestandmostsecuremethodofimportingtaxinformation.Pleasenotethattaxinformationfrom2yearspriortotheacademicyearisrequiredforverification.

The2020–2021FAFSAwilluse2018federaltaxreturninformation.The2021–2022FAFSAwilluse2019federaltaxreturninformation.

FederalStudentAidElectronicAnnouncementdatedJuly9,2020;allowsstudentsoptionsforotherdocumentationthatcanbesubmitted,whentheycannotrequestorhaveattemptedto

requestanon-filertaxreturntranscript.

DocumentsreceivedfromthestudentwillbecomparedtotheFAFSAfile(ISIR)providedbyFederalStudentAid.AnyconflictinginformationwillbeverifiedandcorrectedbySFCC.Thestudent’saidwillberecalculated(asneeded)basedonthenewinformationandmay

29

resultinachangetotheExpectedFamilyContribution.Whendocumentsprovidedbythestudenthaveconflictinginformation,thefinancialaidofficewillrequestthestudentprovideexplanationfortheconflict.Iftheoriginaldocumentprovidedconflictswithhandwritteninformation(ie.Note),theoriginaldocumentwillbeused.Alldiscrepanciesmustberesolvedbeforeverificationiscomplete.5.5 OtherRequiredDocumentationProofofCitizenship:IfthestudenthasaredflagforproofofU.S.citizenship,the

followingareacceptable:1. U.S.Passport(currentorexpired)2. U.S.CopyofBirthCertificateshowingstudentborninU.S.3. FiveyeardurationU.S.Passport4. PassportCardshowever,oneyeardurationU.S.passportsareNOTacceptable

documentation5. CopyofFormFS-240(ConsularReportofBirthAbroad)6. CopyofFormFS-545(CertificateofBirthissuedbyforeignservicepost)7. CopyofFormDS-350(CertificateofReportofBirth)8. CertificateofCitizenshipissuedbyUSCIStoindividualswhoderiveU.S.Citizenship

throughaparent(N-560orN-561)9. CertificateofNaturalization(N-550orN-570)issuedbyUSCIS(orpriorto1991a

federalorstatecourt)orthroughadministrativenaturalizationafterDecember1990tothosewhoareindividuallynaturalized

10. DS-1350(CertificateofReportofBirth)NOTAcceptable1. U.S.Passportstamped“non-citizennational”2. CopyofSocialSecuritycardthatstates“workauthorizationonly”IfEligibleNon-Citizen1. PermanentResidentCard(FormI-551since1997)cannotbeexpired.2. ResidentAlienCard(FormI-551before1997)cannotbeexpired.3. PermanentresidentsmayalsopresentanArrival/DepartureRecord(CBPFormI-94)or

theDepartureRecord(FormI-94,withtheendorsement“ProcessedforI-551.TemporaryevidenceofLawfulAdmissionforPermanentResidence.Validuntil______.EmploymentAuthorized:”

4. MRIV(Machinereadableimmigrantvisa)issuedintheholder’spassport.TheMRIVwillhaveaU.S.CBPinspectoradmissionstampandthestatement“UPONENDORSEMENTSERVESASATEMPORARYI-551EVIDENCINGPERMANENTRESIDENCEFOR1YEAR”willappeardirectlyabovethemachinereadablesection.AnMRIVwiththisstatement,containedinanunexpiredforeignpassportandendorsedwiththeadmissionstamp,constitutesatemporaryI-551,validforoneyearfromthedateofendorsementonthestamp.

30

5.6 NotificationofVerificationResultsOnceverificationiscomplete,studentswillreceivenotificationviatheirSFCCstudentemail.StudentsmayaccessverificationinformationfromtheirmySFCCaccountintheFinancialAidtab.Additionally,studentswhocompletetheverificationprocessandfindtheyreceivedmoremoneythanFederalStudentAidwillallowiscalledanover-award.TheawardamountwillautomaticallybereducedontheiraccountandthestudentwillbenotifiedvialtheirSFCCstudentemail.5.7 ReferralofFraud

Bylaw,SFCCmustrefertotheDepartmentofEducation’sOfficeofInspectorGeneral(OIG)anycredibleinformationitdiscovers,includingaspartoftheverificationprocessthatindicatesanapplicantforfederalstudentaidmayhaveengagedinfraudorothercriminalmisconductinconnectionwithhisorherapplicationforsuchaid.Commontypesoffraudormisconductincludefalseclaimsofindependentstudentstatus,falseclaimsofcitizenship,useoffalseidentities,forgeryofsignaturesofcertifications,andfalsestatementsofincome.Incaseswherefraudissuspected,FinancialAidandVeteranServiceswillreportittotheOfficeofInspectorGeneral(OIG),KansasCity,MO(816)880-4034.FinancialAidandVeteranServiceswillprovideanydocumentation/evidenceofsuspectedfraudtotheOIG.5.8 SpecialCircumstancesandProfessionalJudgmentCircumstancesinthestudent’sfamilyfinancesmaywarrantthestudenttorequestareviewandadjusttheirFAFSA.Suchadjustmentscanchangethestudent’sCOAorEFCwhichmaybenefitthestudent’seligibilityforfinancialaid.Someexamplesofspecialcircumstancesmaybe:• Loss/Changeofemployment• Marriage/Divorce/Widow(er)• Death/Disability• Lossoffinancialbenefit• Unusualmedical/dental/dependentcareexpensesASpecialCircumstancesRequestFormandadditionaldocumentationasoutlinedontheformwillberequired.Oncedeterminationismade,adjustmentswillbeappliedtothestudent’sfinancialaidoffer.TheOfficeofFinancialAiddecisionisfinalandcannotbeappealedtotheDepartmentofEducation.

FederalStudentAidElectronicAnnouncementdatedApril3,2020andJuly9,2020;allowsschoolsadditionalguidancewhenconsideringspecialcircumstancesorprofessional

judgementsthatarecausedbyCOVID-19.

31

Section6:DeterminationofFinancialAidEligibility6.1 DeterminingEligibilityFederalfinancialaidisawardedbasedonfinancialneed.Financialneed(orfinancialaideligibility)isthedifferencebetweentheschoolsestimatedCostofAttendance(COA)andtheamountthestudentandhis/herfamilycanaffordtopay,asdeterminedbyastandardformulausedbytheU.S.DepartmentofEducation.TheamountthisformulasaysthefamilycanaffordtopayiscalledtheExpectedFamilyContribution(EFC).6.2 CostofAttendance(COA)SFCCdevelopsstandardstudentbudgetsthatreflectaverageexpensesforanine-monthacademicyear.Thesestandardbudgetsarerevisedannuallytotakeintoaccountincreasesintuition,fees,housing,transportationandinflation.ThesebudgetsgivethestudentsanideaofhowmuchitwillcosttoattendSFCCifallcostsaretakenintoconsideration.TheCOAvariesbytypeofschool,thedirectandindirectcostsassociatedwiththatschool,anditmayvaryfromoneprogramofstudytoanother.ThetypesofexpensesthatSFCCnormallyusestodetermineCOAarelistedbelow:• Tuitionandfees• Booksandsupplies• Roomandboard• Transportation• PersonalExpenses6.3 ExpectedFamilyContribution(EFC)TheEFCistheproductofthefederalformulathatisusedtodeterminethestudent’sfamily’sabilitytohelppayforthestudent’scollegeeducation.Itis importanttonotefederalfinancialaidlawis basedonthebasicconceptthatparentsandstudentshavearesponsibilitytopayaportion ofastudent’seducationalcosts.TheEFCisdeterminedbyacarefulanalysisofthe family’sfinancialstrength,whichispartly determinedbythefollowingfactors: ü Dependentorindependentü Student/Parentavailableincome,anduntaxedincome, ü Numberofpeopleinthefamilyandnumberof familymembersattendingcollege,ü Student/Parentassets and/orallowableexpenses.6.4 FinancialNeed

32

Thisisthestudent’scalculatedeligibilityfor financialassistance.FinancialneedisdeterminedbysubtractingtheEFCfromthe COA.FinancialaidintheformofGrants, loans,employment,andscholarshipsis awardedtomeetastudent’sfinancialneed.Fundinglimitationsdonotalwayspermitthe awardingofalltypesoffinancialaidto eligiblestudents.Seetheformulabelow:

CostofAttendance–ExpectedFamilyContribution=FinancialNeed

UnsubsidizedStaffordloans areavailabletoassistinmeetingeducational expensesofstudentswithoutcalculatedneed. 6.5 DroppingClassesDroppingclassescannegativelyaffectthe amountoffinancialaidthestudentreceives.Beforethestudentdropsaclass,studentsshouldunderstandhowitwillaffectfinancialaid.Droppingclassesmayalso causethestudenttofalloutofcompliancewith SFCC’sSatisfactoryAcademicProgress standards.ItisstronglyrecommendedthatstudentscontacttheOfficeofFinancialAidtodiscussimplicationsofdroppingclassesduringthesemester.6.6 ScholarshipEligibilityAlltypesofscholarshipsasnotedinsectionfour,areconsideredpartofthefinancialaidpackage.Assuch,scholarshipawardswillreducethefinancialneed.Mostscholarshipsspecifyhowmuchwillbeawardedeachsemester.Asageneralrule,scholarshipsthatare$500ormorewillbeawardedintwosemestersunlessotherwisenoted.Studentsmaychoosetohavethefullamountapplytowardsonesemester.

33

Section7:DisbursementDisbursementisatwopartprocessrunbyboththefinancialaidandbusinessofficesallowingSFCCtomaintainaseparationofdutiesbetweenthepartythatawardstheaidandthepartythatdisbursesthefunds.TheOfficeofFinancialAidassuresandmaintainsaccurateawardingoffinancialaidfunds.TheBusinessOfficeisresponsibleforpayingthefinancialaidfundtowardsstudentaccountbalances.Financialaidfundsarepaidtothestudent’sSFCCstudentaccountprovidingalloutstanding financialaidrequirementsaremet.Financialaidfundsarefirstappliedtoallsemestercharges(tuition,fees,bookcharges,etc.),regardlessofcoursestartdate.Anycreditbalancewillbegiventothestudentbydirectdepositoracheckbymail.ThedisbursementschedulecanbeviewedontheFinancialAidtabinmySFCC.TheBusinessOfficewillnotholdchecksforstudentstopickup.Duringthesemester,adding/droppingclassesmayimpacttheamountoffinancialaidastudentreceivesandcouldpossiblyimpactastudent’seligibilitytoreceivefinancialaidinthefuture.PleasecheckwiththeOfficeofFinancialAidandVeteranServicebeforedroppingoraddingaclass.Federalandstateaidisdisbursedintothestudent’saccountbasedonthenumberofhoursthestudentiscurrentlyattendingandwheneachclassbegins.Ifthestudentisenrolledinlatestartingclasses,federalandstateaidmaynotpayinfulluntilthestudentbeginsthelatestartingclasses.Listedareotherfactorstakenintoaccountwhendeterminingfinancialaiddisbursement.7.1 CourseProgramofStudyFederalRegulationsrequirethestudenttobedegreeoreligiblecertificateseekingtoreceivefinancialaidandthecoursestakenmustberequiredforthestudent’sdeclaredprogramofstudy.Essentially,onlythecourseworkthatcountstowardsthestudentdegreewillbeusedindeterminingthestudenthoursofenrollmentforfederalandstateaidpurposes.ThisisreferredtoasCourseProgramofStudy(CPOS).CPOSwillevaluatecourseworkonallstudentsregardlessoffinancialaideligibility.However,CPOSappliestoallFederalAidincludingbutnotlimitedto;FSEOG,PellGrant,StaffordLoansandPLUSLoans,andsomeStateAidincluding;A+ScholarshipProgramandFastTrack.Itmayalsoaffecteligibilityforsomeinstitutionandfoundationscholarships.Ateachdisbursementdate,allcoursescongruenttothatdisbursementaswellascoursespreviouslynotcountingtowardsCPOSwillbeevaluated.Guidelinesforevaluatingcourseprogramofstudyare;

34

1. Repeatedcourses;a. ForFederalAid;courseswillcounttowardsCPOS,unless;thenumberoftimesa

courserepeatedviolatesthegeneralFederalStudentAidpolicyforSatisfactoryAcademicprogress.

b. ForStateAid;A+Scholarshipregulationdoesnotcoverrepeatedcourses.2. PrerequisiteCourses;

a. Ifastudentisrequiredtoenrollinprerequisitecoursestodetermineeligibilityforenrollmentofacourserequiredfortheirprogramofstudy,theprerequisitecoursewillcounttowardstheirCPOS.Forexample:AstudentisenrolledinMATH112whichisrequiredbeforetakingMATH114.MATH114istherequiredcoursetocompletefortheprogramofstudy)

b. Ifastudentisenrolledincoursesthatarerequiredtocompletebeforeapplyingtoaspecificprogramforstudy,thencoursewillbeassessedbasedonthestudent’scurrentprogramofstudy.Forexample:EnrolledinENGL101asaprerequisitetoentertheAASNursingprogram.ENGL101willbeassessedbasedonthestudent’scurrentprogramofstudy,AAAlliedHealth/ADN.

3. Coursesubstitution;ifacoursehasbeenapprovedtobeasubstitutionforarequiredcourseinthestudent’sprogramofstudy,thenthesubstitutedcoursewillcounttowardsCPOS.Thesubstitutedcoursemustbeapprovedbythefacultyhead/Deanofthedepartment.OnceapprovedtherequestmustbesubmittedtoRegistrarOfficeforprocessingintoDegreeWorks.Ifthecoursehasnotfollowedtheprocesstobecomeanapprovedsubstitutecourse,itwillnotcounttowardsCPOS.

4. ElectiveCourseorDevelopmentalcourse;willcounttowardsCPOSprovidedtheyareneededtoenrollinthenextcourserequiredfortheprogramofstudy.DevelopmentalorremedialcourseswillcounttowardsCPOSasrequired,uptothemaximumof30credithours.

TheCPOSprocesswillevaluatecoursesoneachdisbursementdate.Ø Ifthecoursescounttowardstheirprogramofstudy,thecoursewillbemarked“yes”

andfinancialaidwillapplyaccordinglytowardsthestudentaccount.Ø IfthecoursesDONOTcounttowardstheirprogramofstudy,thecoursewillbemarked

“no”andnoaidwillbeapplied.CPOSprocesswillbeginevaluatingcoursesatleastonemonthbeforethefirstdayofthesemesterandwillendthedaybeforeenrollmentbeginsfortheupcomingsemester.Asstudentsenrollfortheupcomingsemester,theirclasseswillbeevaluatedforCPOSeligibility.Studentsreceivemultiplenotification,beforethefirstdayofthesemester,remindingthemtoevaluatetheircoursestoensuretheycounttowardstheirprogramofstudy.Itisthestudent’sresponsibilitytobeknowledgeableofwhatcoursesarerequiredtocompletetheirdegree.Oncefundshavedisbursedforacoursethatcourseismarked“yes,”andwillbefrozen.Thecoursesmarked“no”willbere-evaluatedateachdisbursementdatethroughoutthesemester.OncetheCPOSprocesshasendedforthesemester,thestatusofthecoursewillremainfrozenandarenotsubjecttochange.

35

BecauseDegreeWorks(auditprogram)evaluatescoursesaftergradeshavebeenenteredfortheclass,thecoursemaythencountinprogram.Coursesthatmaintaineda“no”willnotbepaidaftergradesareentered.Coursesmustcounttowardstheprogramatthetimeofdisbursement.7.2 VerificationofAttendanceConfirmationthatthestudenthasbegunattendingorparticipatinginthecoursesrequiredforthestudent’sdeclareddegreemustbeobtained(byfaculty)beforeanydisbursementofTitleIV(PellGrant,FSEOG,FederalDirectorParentLoansandWorkStudy)andstate(Access,A+,BrightFlight,etc.)fundstoastudent’saccount.Attendancewillbetakendirectlyafterthefinaldayof100%refundwithdrawal,foreachofthefollowingpartoftermsinasemester:• 16weeks• First8weeks• First4weeks• 6weeks• 10weeks• 12weeks• Second8weeks• Second4weeksAttendanceforInterimsessionisverifiedbythefinalgradeearnedforthatcourse.EarnedgradesofA,B,CandDareconsideredattending.UnearnedgradesofW,IorFshouldhavealastdateofattendance.SFCCallowsinstructorstoestablishandacademicattendancepolicyforeachcoursetheyteach.Financialaidmaybeadjustedforstudentswhohavenotestablishedattendanceinacourseorallcoursesthroughthefirst10daysoftheclass.Studentsreportedasa“noshow”aretypicallywithdrawnfromthecourse.Coursesinwhichastudentdoesnotbeginattendingorparticipatingwillnotbecountedinthestudent’senrollmentstatus.

Thefollowingexamples(inreferencetoCFR668.22)ofacademicallyrelatedactivitymayconstitutecourseattendance;- bephysicallyattendingtheclasswherethereisopportunityfordirectinteractionbetweenthe

instructorandstudents- submitanacademicassignment- takeanexam,aninteractivetutorialorcomp-assistedinstruction- participateinanonlinediscussionaboutacademicmattersofthecourse- attendastudygroupthatisassignedbytheinstitution- Initiatecontactwithfacultymembertoaskaquestionabouttheacademicsubjectstudiedinthe

course.Academicallyrelatedactivitiesdonotincludeactivitieswhereastudentmaybepresentbutnotacademicallyengaged,suchas:- Loggingintoanonlineclasswithoutactiveparticipationor- Participatinginacademiccounselingoradvisement

36

7.3 PreparatoryCourseWorkStudentswhohavepreviouslyreceivedanAAorBachelor’sdegreeandareworkingonlyonrequiredcoursestoapplyforacompetitiveAASprogramaregivenadegreeprogramthatbeginswith“pre-“.Studentsinthepre-programsarenoteligibleforPellGrants,andtherearelimitstoloanamountsbasedonFederalStudentAidguidelines.Studentscanonlyreceiveloansforoneaidyearasapre-programstudent.

PreparatoryCourseworkAnnualLoanLimits

DependentStudent IndependentStudent

$2625subsidizedandunsubsidizedloan $8625Upto$2625ofthisamountmaybeinsubsidizedloans

**dependentstudentswhoseparentscannotborrowaPLUSloanareeligibleforanadditional$6000unsubsidizedloans

Studentswhogetacceptedintothedesiredcompetitiveprogramorotherwiseupdatetheirprogramofstudytoonethatisnolongeronlyapre-programwillhavetheiraidreviewedandappropriatelyadjustedthroughthelastdatetoadjusttheirprogramforeachsemester.Afterthattime,noadjustmentswillbemade.7.4 ProgramsLessThan30WeeksStudentsinprogramsthatarelessthan30weeksinlengthwillbeofferedproratedPellGrantandloanamountsbasedonFederalStudentAidguidelines.TheannualPellGrantawardbasedontheEFCcalculationfromtheFAFSAwillbemultipliedbythenumberofweeksintheshortprogramandthendividedbythenumberofweeksinSFCC’sacademicyear,whichis32weeks.Thisamountwillbedividedandawardedtotheappropriatesemesters.Theactualawardamountisbaseduponfull-timestatus(atleast12credithours)andwilladjustbasedontheenrollmentlevelofthestudentoronhowmanyhoursthestudentisenrolled.Loansforstudentswhoareinprogramsthatarelessthan30weeksinlengthwillbeproratedusingthefollowingformula:

Annualloanlimitforgradelevel,multipliedbythelesserof:

#𝐨𝐟𝐰𝐞𝐞𝐤𝐬𝐢𝐧𝐩𝐫𝐨𝐠𝐫𝐚𝐦#𝐨𝐟𝐰𝐞𝐞𝐤𝐬𝐢𝐧𝐚𝐜𝐚𝐝𝐞𝐦𝐢𝐜𝐲𝐞𝐚𝐫

OR#𝐨𝐟𝐜𝐫𝐞𝐝𝐢𝐭𝐡𝐨𝐮𝐫𝐬𝐢𝐧𝐰𝐡𝐢𝐜𝐡𝐚𝐬𝐭𝐮𝐝𝐞𝐧𝐭𝐰𝐢𝐥𝐥𝐞𝐧𝐫𝐨𝐥𝐥#𝐨𝐟𝐜𝐫𝐞𝐝𝐢𝐭𝐡𝐨𝐮𝐫𝐬𝐢𝐧𝐚𝐜𝐚𝐝𝐞𝐦𝐢𝐜𝐲𝐞𝐚𝐫

Studentswhoupdatetheirprogramofstudytoonethatishasmorethan30weeksintheprogramwillbeadjustedthroughthe100%dropforsecondeightweekclassesintheFallandSpringsemestersandthroughthe100%refundperiodfortheSummer.Afterthattime,noadjustmentswillbemade.

37

7.5 RepeatCourseworkPoliciesRepeatedcourseworkmayaffectfinancialaideligibilityandtheamounttobepaid.Somefinancialaidfundshavespecificrequirementsonhowtodetermineeligibilityandamountoffered.

7.5.1A+ScholarshipProgramIngeneral,A+doesnotpayforrepeatcourses.Coursestakenmorethanonetimeregardlessofthegradereceived,isconsideredarepeatedcourse.TheremustalsohavebeenapositivenetdisbursementofA+fundstowardsthecourse.CoursestransferredfromaninstitutionapprovedbytheMissouriDepartmentofHigherEducationandWorkforceDevelopmenttooffertheA+ScholarshipProgram,arereviewedandtherepeatrulewillapply.Coursesexcludedfromconsiderationasarepeatedcourseare:1. Coursestransferredfroma4yearcollege/universityandarticulatesasanSFCC

courseandA+wasnotusedaspaymentforthearticulatedcourse.2. Collegelevelcoursestakenwhilethestudentwasinhighschool,andhadnot

graduated,orasdualcredit.7.5.1PellGrantandFederalStudentLoansPellGrantandloanswillonlypayonetimeforapreviouslypassedcourse.Subsequentrepeatswillnotbecountedinthestudent’senrollmentlevelforpaymentpurposes.DepartmentofEducationconsidersacoursesuccessfullycompleted(orpassinggrade)ifthestudentreceivesagradeof“D”orbetter.Ifthestudentearnsapassinggradeinacourseandchoosestoretakethesuccessfullycompletedcourseasecondtime,andthenearnagradeof“F,”thestudentmaynotreceivePellGrantorloanstotakethecourseathirdtime.Thestudentmayrepeatafailed/droppedcourseandreceivePellGrantorloansuntilitispassed(i.e.thereisnolimitonthenumberofattemptsonafailedclass).Allrepeatedcoursesaffectthestudent’sfinancialaidsatisfactoryacademicprogresscalculationsandeligibilitystatus.ArepeatedcoursealongwiththeoriginalattemptwillbecountedasattemptedcreditsandusedinGPA,successfulcompletionrate,andtotalhoursattemptedcalculationsusedinfinancialaideligibilityprocesses.

7.6 CurrentHoursAttended

Ifthestudenthasclassesthatstartafterthesemesterbegins(12,10,8,6,and5-weekclasses),thismayaffectfundsthatpaytothestudent’sSFCCstudentaccountandtheamountthatisactuallypaid.

38

FinancialAidfundsarepaidtoastudent’saccountbasedonattendanceandthestartdateofeachcourse.Becauseastudentmayhavemultiplestartdatesthroughoutthesemester,thehoursattendedwillbeevaluatedonthedisbursementdate.Ifthestudent’senrollmentconsistsofALLlatestart/secondeight-weekcourses,thestudent’saidwilldisburseafterthosecourseshavebegunandtherefundsperiodshaveended.Studentloanrecipientsmustbeginattendanceinatleastsixcredithoursbeforeanyloanfundswillbedisbursed.

7.6.1 PellGrantDisbursement

Thestudent’sinitialawardisbasedonafull-timestudent(enrolledinatleast12credithours).Theamountthestudentiseligibletohavepaidtothestudent’saccountisbasedonthenumberofcredithoursthestudentisattendingonthedaythestudent’saidispaidtothestudent’saccount.PellGrantpaymentsareproratedbasedonthebelowbreakdown.

12ormorecredithours Full-timerate9-11credithours ¾-timerate6-8credithours ½-timerateLessthan6credithours Lessthan½-timerate

7.6.2 LoanProceedDisbursement

Thestudentmustbeenrolledinandattendingatleastsixcredithoursbeforeloanswillpaytothestudent’sSFCCstudentaccount.Allloansaregenerallypaidintwopaymentseachsemester.Firsttimeborrowersarerequiredtowaituntilthe30thdayofclassbeforereceivinganyexcessfundsfromtheirstudentloans.Singletermloanswillbedisbursedintwodisbursements;thefirstmadeatthebeginningofthetermandthesecondmadeatthecalendarmidpointofthesemester.7.6.3 ScholarshipDisbursement

Scholarshipsdisbursewhenthestudent’sattendanceisverifiedfortherequiredamountofhours.Typically,scholarshipsrequirestudentstohavefulltimestatus(12+credithours)andgparequirements.Outsidescholarshipsarepaidonthefirstdisbursementunlessotherwisenotedonthescholarship.

7.7 DroppingClassesDroppingclassesatanytimeduringthesemestermaynegativelyaffecttheamountofaidthestudentiseligibletoreceive.WerecommendthestudentconsultwiththeOfficeofFinancialAidpriortodroppinganyclass.

39

Ifthestudentdropsaclassduringthe100%refundperiod,thedroppedcoursesareexcludedfromthestudent’senrollmentanddeterminationofdisbursement.IfastudentreceivesfinancialaidfromfederalTitleIVprograms(FederalPell,FederalSEOG,FederalDirectLoans)andwithdrawsfromallorsomeclassespriortocompleting60%oftheenrollmentperiod,thestudentmayberequiredtoreturnfederalTitleIVfunds.UndertheReauthorizationoftheHigherEducationAmendmentsof1998,theamountofastudent’sfederalaidisadjusted,basedonthelengthoftimethatastudentisenrolled.Studentswillberequiredtorepayaidtheyhavereceivedthatexceedstheadjustedfederalaidamount.(FormoreinformationseeSection9)StudentscalledtomilitaryservicemaychoosetowithdrawinaccordancewithRegulation2180,NondiscriminationandStudentRights:MilitaryService.

41

Section8:SatisfactoryAcademicProgress(SAP) Studentsreceivingfederal/statefinancialaidarerequiredtomeetSatisfactoryAcademicProgress(SAP)standardsaccordingtoFederalStudentAidregulations.Everystudent’sacademicrecord,regardlessofwhetherornottheyreceivedfinancialaid,isreviewed.Thereviewconsistsofacompleteacademichistoryreview,includingbutnotlimitedto;transfercreditacceptedbythecollege,dualcredit,andpass/failcourses.Attheendofeachsemesteraftergradespost,SFCCwillrunaSAPprocesstoreviewthestudent’sacademicrecord.Anychangesmadetoastudent’sacademicrecordafterinitialSAPisran(example:transcriptreceivedafterinitialSAPwasran,changeinprogramofstudyforthecurrentterm)willbereviewedonacasebycasebasis.Althoughallstudentsarereviewed,onlystudentswithacurrentFAFSAonfilewillbenotifiedoftheirSAPstatusviaSFCCstudentemail.8.1 TypesofEligibleSAPStatuses

AstudentisconsideredtohaveaneligibleSAPstatusiftheysuccessfullymeetallthreecriteria.TransfercreditacceptedfromothercollegesanduniversitieswillbeincludedinthenumberofcredithoursattemptedandearnedandcumulativeGPA.

8.1.1 Maxhours-150%limitStudentsareallowedtoattemptamaximumof150%ofthecredithoursrequiredfortheirprogramofstudyandmaintaineligibilitytoreceivefederal/state financialaid.Allcoursework,includingacceptedtransferredcredithoursarecountedinthe150%limit.Forexample:Astudentseekingadegreerequiring64credithoursmayattemptatotalof96credithours.

8.1.2 CompletionRateorPaceStudentsmustsuccessfullycompletewithapassinggradeaminimumof67%ofthetotalhoursattempted.Completionrateorpaceiscalculatedusingthefollowingformula

𝐍𝐮𝐦𝐛𝐞𝐫𝐨𝐟𝐡𝐨𝐮𝐫𝐬𝐩𝐚𝐬𝐬𝐞𝐝

𝐂𝐮𝐦𝐮𝐥𝐚𝐭𝐢𝐯𝐞𝐚𝐭𝐭𝐞𝐦𝐩𝐭𝐞𝐝𝐡𝐨𝐮𝐫𝐬=CompletionRateorPace%

• Acompletionrateof66.5-66.9%isroundedto67%.• Successfulcompletionisdefinedasreceiving agradeofA,B,C,D,P,orCR.• Unsatisfactorygradesare:

F=Failure I=IncompleteW=Withdrawal II=IncompleteInternshipAU=Audit

42

8.1.3 GradePointAverageRequirementsStudentsmustmaintaintheminimumcumulativeGradePointAverage(GPA)basedonthenumberofcredithourscompleted.CoursesthatdonothaveaGPAassociatedwiththemsuchaspass/failandarticulatedcoursesarenotcalculatedinthestudent’scumulativeGPA.StudentsareexpectedtomaintainacumulativeGPAinaccordancewiththefollowingcriteria:

GPAHoursCompleted MinimumCumulative

GPA12-23hours 1.5024-35hours 1.7536-47hours 1.8548+hours 2.00

8.2 TypesofWarningStatuses

UponthefirstsemesterthatthestudentsfailstomeettheminimumrequirementsforSatisfactoryAcademicProgress,theywillbeplacedonafinancialaidwarningstatusfortheupcomingsemester.Ifthestudentdoesnotattendtheupcomingsemester,theirwarningstatuswillcontinuetothenextsemestertheydoattend.Whileonwarningstatus,thestudentisstilleligibleforfinancialaid.8.2.1 Warning

StudentswhofailtomeettheminimumcumulativeGPAand/orcompletionraterequirements,willbeplacedonfinancialaidwarningstatusfortheupcomingsemester.8.2.2 MaxHoursWarningStudentsnearingthemaximum150%limitofattemptedcredithoursrequiredfortheirdegree,willbeplacedonfinancialaidwarningstatuswhenthestudentiswithin15credithoursofreachingthelimit.

8.3 TypesofSuspensionStatuses

AfterthewarningsemesterandthestudentfailstomeetminimumSAPrequirements,willresultinfinancialaidsuspension.Whenonfinancialaidsuspension,thestudentisnoteligibleforanyfederalorstatefinancialaid.Studentswhosefinancialaidissuspendedmayappealtheirsuspensionifcertaindocumentedcircumstanceshavecontributedtothesituation.

8.3.1 SuspensionFailuretomeetminimumGPAand/orcompletionraterequirementswillresultin

43

financialaidsuspension.

8.3.2 MaxHoursSuspensionStudentswhoreachthemaximum150%limitofattemptedcredithoursfortheirdegreewillbeplacedonfinancialaidsuspension.

8.4 ImpactofRepeatedCourseworkStudentsmayreceivefederalfinancialaidforrepeatingcourses;however,ifretakingapreviouslypassedcourse,federalfinancialaidcanonlybeusedforonerepeatofthecourse.Allrepeatedcourseswillbeusedinthecalculationofastudent’sSatisfactoryAcademicProgressstatus.Agradeearnedinarepeatedcourse,ifhigher,replacesthepreviouslyearnedgrade.TheMissouriA+Scholarshipwillnotpayforanyrepeatedcoursework.

8.5 ReinstatementofFinancialAid/SuspensionAppeals

Studentsmayappealtheirfinancialaidsuspensionifcertaincircumstanceshavecontributedtothesituation.8.5.1 CircumstancesforAppealThestudentmustmeetoneofthefollowingcircumstances:1. Medicalsituation-seriousillnessorinjuryofthestudentorimmediatefamily

memberwithproperdocumentation.2. Deathofafamilymemberduringthesemesterinquestionandwithproper

documentation.3. Specialcircumstancesvalidifstudentachievedatleast2.0GPAthelastsemester

attended.Documentationmayberequired.4. Ifthestudenthasnotbeenactivelyenrolledinanotherhighereducation

institution(anyinstitution)forthepastfiveyears.Thisonlyappliestofirstappeal.

8.5.2 ProcessofAppealing1. Scheduleameetingwiththeirnavigatortocompleteanacademicplan.2. Gathersupportingdocumentationtobesubmittedwiththeappeal.3. CompletetheFinancialAidSuspensionAppealRequestformlocatedinmySFCC

ontheFinancialAidpageundertheFinancialAidForms.

**SFCCallowsamaximumoftwoappealsperacademiccareer.Appealspriortosummer2014arenotcounted.

44

**DuetotheCOVID-19Pandemic–additionalappealsmaybeallowedduetotheinterruptionofregularcourseworkandclassschedules.ThesedeterminationswillbemadeonacasebycasebasisandfinalapprovalfromtheDeanofStudentandAcademicSupportServices.

8.5.3 ReviewandNotificationofDecisionTheDeanofStudentandAcademicSupportServiceswillreviewallappeals.Insomecircumstances,thedeanmayconveneaFinancialAidAppealsCommitteetoreviewanappealrequesttodetermineifmitigatingcircumstancesdowarrantapprovaloftheappeal.Onceadecisionismade,thedeanwillnotifythestudentofthedecisionviaSFCCstudentemail.8.5.4ContinuationofanApprovedAppeal

8.5.4.1ApprovedAppealforLowPaceorGPAStudentswhoareonanapprovedappealandsuccessfullycompleteallclassestheyattemptduringthatsemesterandearnatleasta2.0GPA(forthesemester)willhavetheirapprovedappealstatuscontinuedforthenextsemester.Studentswhodonotsuccessfullycompleteallclassestheyattemptanddonotachieveatleasta2.0GPA(forthesemester)willgobackonfinancialaidsuspension.Studentsonanapprovedappealwhocompleteenoughcredithourstobringtheircompletionrate(pace)and/orGPAbackuptotherequiredstandardswillbeplacedbackinGoodstanding.8.5.4.2ApprovedAppealforMaxHoursStudentswhoareonanapprovedappealformaxhoursandsuccessfullycompleteallclassattemptedandmaintainatleasta2.0forthesemesterwillhavetheirapprovedappealstatuscontinuedforthenextsemester.Studentscancontinueonthesameapprovedappealstatusuntiltheirdegreecompletion.Studentswhodonotsuccessfullycompleteallclassestheyattemptanddonotachieveatleasta2.0GPAeachsemesterwillgobackonfinancialaidsuspension.Anadditionalappealformaxhoursmaybeanoptionanddeterminationforthisoptionismadeonacasebycasebasis.

45

8.5.4.3StudentsWhoHaveanApprovedAppealandAreNotEnrolledForOneorMoreSemestersStudentswhoareonanapprovedappeal,sitoutformorethanonesemester,andreturnpursuingthesameprogramofstudymustmeetwiththeirnavigatortocompleteanewAcademicSuccessPlanandprovideacopyofittotheFinancialAid&VeteranServicesOffice.Studentswhoareonanapprovedappeal,sitoutformorethanonesemester,andreturnpursuingadifferentprogramofstudymustfileanamendmenttotheirapprovedfinancialaidappealbycompletingtheFinancialAidSuspensionAppealtheDeanofStudentandAcademicSupportServiceswillreviewtherequestforamendment.Insomecircumstances,thedeanmayconveneaFinancialAidAppealsCommitteetoreviewanamendmentrequest.Onceadecisionismade,thedeanwillnotifythestudentofthedecisionviaSFCCstudentemail.

8.5.5 ReinstatementofFinancialAidwithoutAppealingAstudentwhoisonafinancialaidsuspensioncanchoosetonottofileafinancialaidappeal.Inthiscase,federalstudentaidandsomestateaidwillnotbeappliedtotheiraccount.Theywillberesponsibleforpaymentofthenextsemesteroruntiltheyachievetheminimumrequirementsofsatisfactoryacademicprogress.Typically,studentswhoareonfinancialaidsuspensionforlowpaceand/orGPAandarenoteligibletofileanappeal,canregaineligibilitybysuccessfullycompleting(attheirownexpense)enoughcredithourstoachievetheminimumcompletionrateand/orminimumcumulativeGPA.Studentswhoareonsuspensionformaxhourscannotregaineligibilitywithoutappealing. 8.5.6AmendmenttoanApprovedFinancialAidAppealStudentswhoareonanapprovedappealmaybeallowedtochangetheirprogramofstudyonetimeduringtheappealperiod.Torequestchangingtheirprogramofstudy,thestudentmustfileanamendmenttotheirapprovedfinancialaidappealthroughmySFCCaccountintheFinancialAidsection.IntheFinancialAidSuspensionAppealform,choosetheAmendmenttoMyApprovedFinancialAidAppealoption.Anewacademicplanwillberequired.EachrequestwillbereviewedandfinaldeterminationsmadebytheDeanofStudentandAcademicSupportServices.NotificationofthefinaldeterminationaresentviatheirSFCCstudentemail.

47

Section9:WithdrawingfromClasses&ReturnofTitleIVFunds

Financialaidissubjecttocancellationwhena studentfailstoenrollduringasemesterforwhichthestudenthasbeenawardedaid;fails toenrollintheminimumnumberofunits/credithoursrequiredforaparticular financialaidprogram;failstomaintainsatisfactoryacademicprogress;orhasnotmetGPAstandards;orhasexceeded150%maximumlimit.Financialaidcanbedeniedifthestudentowesarefundonanygrants;isindefaultonanystudentloans;failstomeetsatisfactoryacademicprogressstandards;orfailstocompletethefinancialaidfileinaccordance withguidelines,regulations,orstatutes.9.1 WithdrawingFromAllClassesIfastudentwishestowithdrawfromall classes,thestudentshouldcompleteand submitawithdrawalformfoundontheEnrolltabinmySFCC.ThisprocedurewillenableSFCCtoproperlycalculateandrefund themaximumpossibleinstitutionalcharges. Thedateusedwhencalculatingtherefundwillbethedateofwithdrawaldocumentedby AcademicRecordsandRegistrar.The exceptionwouldbeininstanceswhenthe student’slastdocumenteddateofactivitywas significantlyearlierthanthewithdrawaldate.Allrequestsforrefundsorcreditsafterthe refundperiodhasendedmustbesubmittedonlinethroughmySFCContheAcademicstabundertheAcademicAppealschannelwithin30days aftertheendofthesemester.9.2 ReturnofTitleIVFundsFederalStudentAidRegulationsspecifyhowSFCCmustdeterminetheamountofTitleIVprogramassistancethatisearnedifastudentwithdrawsfromschool.TheTitleIVprogramsofferedatSFCCthatarecoveredbythislawareFederalPellGrants,DirectSubsidizedandUnsubsidizedLoans,DirectPLUSLoans,andFederalSupplementalEducationalOpportunityGrants(FSEOG).Thoughaidispostedtotheaccountatthestartofeachenrollmentperiod,thestudentearnsthefundsastheycompletetheenrollmentperiod.Ifastudentwithdrawsduringtheenrollmentperiod,theamountofTitleIVprogramassistancethatisearneduptothatpointisrecalculatedusingaspecificformula.Ifreceiving(orSFCCorparentreceivesonstudent’sbehalf)lessassistancethantheamountthatisearned,thestudentmaybeabletoreceivethoseadditionalfunds.Ifthestudentreceivedmoreassistancethanearned,theexcessfundsmustbereturnedbySFCCand/orthestudent.

48

AReturnofTitleIV(R2T4)fundscalculationisperformedwhenastudentwhoisawardedfederalfundswithdrawsfromanenrollmentperiodofstudy.SFCCusesthecalculationbasedontheU.S.DepartmentofEducation’sTreatmentofTitleIVFundsWhenAStudentWithdrawsform.SFCCdeterminescoursesthatwillcounttowardstheR2T4calculationbasedontheCPOSpolicy.

9.2.1 EstimateofAidEarnedorAidThatMayNeedtobereturnedTheamountofassistancethatisearnedisdeterminedonaproratabasis.Forexample,ifastudentcompletes30%oftheenrollmentperiod,theyearn30%oftheassistanceoriginallyscheduledtoreceive.Onceastudenthascompletedmorethan60%oftheenrollmentperiod,theyearnalltheassistanceoriginallyscheduledtoreceiveforthatenrollmentperiod.ThismeansthatifastudentreceivingfederalTitleIVaidwithdrawsaftercompleting60%oftheenrollmentperiod,noTitleIVfundswillbereturned.Thestudentisconsideredtohaveearned100%oftheTitleIVaidfortheenrollmentperiod.9.2.2 UnofficialWithdrawalsandEarningAllNon-PassingGradesIfastudentfailstoearnapassinggradeinatleastonecoursethatcounttowardstheirprogram(i.e.,allF’s,orW’soracombinationofnon-passinggrades)duringanenrollmentperiod,theirlastdateofacademicactivityisreviewedtodeterminewhethertheyareconsideredtohave,forpurposesoffederalTitleIVfunds,unofficiallywithdrawnfromSFCC.Ifthestudentisconsideredwithdrawn,afederalwithdrawalcalculationmustbeperformedtodeterminetheamountofTitleIVfundsthatwillberepaid.Onceenrollmentperiodgradespostandthestudentfailstoearnapassinggradeinatleastoneofthecoursesthatcounttowardstheirprogram,SFCCwillperformthefederalwithdrawal(ReturnofTitleIV)calculation.9.2.3 Post-WithdrawalDisbursementIfthestudentdidnotreceiveallofthefundsthatwereearned,theymaybedueapost-withdrawaldisbursement.Ifthepost-withdrawaldisbursementincludesloanfunds,SFCCmustgetpermissionfromthestudentbeforethefundscanbedisbursed.Lettersaresenttothestudenttoofferapost-withdrawalloandisbursement.Thestudentmaychoosetodeclinesomeoralloftheloanfundssolessdebtisincurred.SFCCmayautomaticallyusealloraportionofthepost-withdrawaldisbursementofgrantfundsfortuition,fees,androomandboardcharges(ascontractedwiththeschool).SFCCneedspermissiontousethepost-withdrawalgrantdisbursementforallotherschoolcharges,andthispermissionisreceivedeachacademicyearbyeachstudentwhentheyagreetothetermsandconditionsofregistrationinmySFCCstudentportal.TherearesomeTitleIVfundsthatthestudentmaybescheduledtoreceivethatcannotbedisbursedoncewithdrawnbecauseofothereligibilityrequirements.For

49

example,astudentthatwasawardedfederalloansbuthasnotcompletedtherequiredMPNorloanentrancecounselingcannotreceiveapost-withdrawaldisbursementofloanfunds.9.2.4 ReturningTitleIVFundsTitleIVFundsareawardedbasedontheassumptionthatstudentswillbeenrolledforaperiodoftimeandthecoursescounttowardstheirprogramofstudy.Droppingclassesmayalsoimpactfinancialaidifthestudentfallsbelowfull-timestatus.Federalfinancialaidfundsthatarenotearnedmustbereturned.ThefirststepinanR2T4calculationisdeterminingthewithdrawaldateorthelastdateacademicactivity.Withdrawalafterthe100%refundperiodisrecordedasa“W.”• Ifthestudentdoesnotnotifytheschoolofhisorherwithdrawalandunofficially

withdraws,thewithdrawaldateisthelastdateofrecordedacademicactivitydocumentedbytheinstructor.

• Ifthestudentnotifiestheschoolbeforeheorshestopsattendingclasses,thewithdrawaldateisthedateofnotification.

• Ifastudentcompletesonepartoftermanddoesnotcompleteanotherpartofterminwhichtheywereenrolled,theyareconsideredanunofficialwithdrawalforthecompleteperiodofenrollment.Thewithdrawaldatewillbethelastdateofacademicactivityfortheenrollmentperiod.

Thelastdateofrecordedclassacademicrelatedactivityisbasedonanactivitythatismonitoredbytheinstructorsuchas;submissionofassignments,correspondence,examinations,ortutorials.

9.2.5 OverpaymentsAnyamountofunearnedTitleIVfundsthatmustbereturnedbythestudenttotheDepartmentofEducation,iscalledanoverpayment.SFCCreportstoDepartmentofEducationtheamountofTitleIVgrantfundoverpaymentwhenitexceeds$50.SFCCwillsendnotificationtothestudentoftheoverpayment.Inthenotification,thestudentwillbeinformedof:Thestudent’seligibilityforadditionalTitleIVfundswillendifthestudentfailstotakepositiveactionbythe45thdayfollowingthedateSFCCsentnotification.ThestudentmayextendeligibilityforTitleIVfundsbeyond45daysif:• Thestudentrepaystheoverpaymentinfull,totheSFCC.• ThestudentmakespaymentarrangementwithSFCCBusinessOffice.• TheoptiontosignarepaymentagreementwiththeDepartmentofEducation.• Ifthestudentfailstotakeoneofthepositiveactions(above)duringthe45-day

period,SFCCwillreportthestudent’soverpaymenttoDepartmentofEducation–

50

DefaultResolutionGroupforcollection.9.2.6 WithdrawalRequirementsandProceduresContacttheAcademicRecordsandRegistrarOfficeat(660)530-5829oremailatAdd-Drop@sfccmo.eduforrequirementsandproceduresforofficiallywithdrawingfromschool.WhenconsideringwithdrawingfromSFCC,studentsareencouragedtocontacttheOfficeofFinancialAidfirsttoseehowthewithdrawalcouldaffecttheiraid.TheOfficeofFinancialAidwillassistthestudentinmakinganinformeddecision.9.2.7 RequirementsandDeadlinesforR2T4CalculationsThefollowinglistoutlinestherequirementsanddeadlinesforthereturnofTitleIVfunds:• Determiningwithdrawaldate:30daysafterthedatethestudentwithdrewas

determinedbySFCC.• ReturnofunearnedTitleIVfunds:Nolaterthan45daysafterthedatethestudent

withdrewasdeterminedbySFCC.• Post-withdrawaldisbursementofTitleIVgrantstostudent’saccountonthenext

scheduleddateofdisbursement.• Writtennotificationprovidingthestudent(orparent)theopportunitytoacceptall

orpartofapost-withdrawaldisbursementofTitleIVloanfundstothestudent’saccount:Within30daysofthedatethestudentwithdrewasdeterminedbySFCC.

• Writtennotificationofstudent’seligibilityforapost-withdrawaldisbursementofTitleIVloanfundsinexcessofoutstandingcurrentcharges:Within30daysofthedatethestudentwithdrewasdeterminedbySFCC.

• Notificationtothestudentofgrantoverpayment:Within30daysofthedatethestudentwithdrewasdeterminedbySFCC.

• ReferralofstudenttoDefaultResolutionGroup:Assoonaspossible.• Student(orparent)deadlinetosubmitresponseinstructingSFCCtomakeapost-

withdrawaldisbursement:DeadlineisgiveninwritingwhenSFCCmakestheofferofapost-withdrawaldisbursement.

• Student’sdeadlinetoreturnanyunearnedTitleIVfunds:(1)Forloans,accordingtothetermsoftheloanand(2)forgrants,within45daysofthedateSFCCsentorwasrequiredtosendanotice(whicheverisearlier).

9.2.8 AdditionalQuestionsIfyouhavequestionsaboutyourReturntoTitleIV,contacttheFederalStudentAidInformationCenterat(800)4-FEDAID[(800)433-3243].TTYusersmaycall(800)730-8913orvisittheirwebsiteatwww.studentaid.ed.gov.

51

Section10:StudentEligibilityandConsumerInformation10.1StudentFinancialAidEligibilitySFCCusestheinformationfromtheFreeApplicationforFederalStudentAid(FAFSA)todetermineastudent’seligibilityforfederalandstatefinancialaidprogramsandsomeSFCCscholarships.Tobeeligibleforfinancialaidthestudentmust:1. Beadmittedandenrolledinaneligibleprogramofstudyandinaneligiblestudenttype.2. BeaU.S.citizen,U.S.national,orU.S.permanentresidentorresideintheUnited

Statesfor otherthanatemporarypurposeasaneligiblenon-citizen.Somesupportivedocumentationmayberequiredtoverify residencyorcitizenshipstatus.Inaddition,citizensoftheFreelyAssociatedStates(i.e.,theFederatedStatesofMicronesiaandtheRepublicofPalauandtheMarshallIslands)areeligibleforfederalandstategrantaid,butarenoteligibleforfederalorstatefundedstudentloans.

3. Maintainsatisfactoryacademicprogressintheircourseofstudy.4. NotbeindefaultonanyloanorowearepaymentonaFederalPellGrantorFSEOG.5. DemonstratefinancialneedviatheFAFSA.6. Notbereceivingfinancialaidfromanotherinstitutionforthesameenrollmentperiod.7. Haveobtainedahighschooldiplomaorhighschoolequivalencycertificationorhas

completedhomeschoolingatthesecondarylevelasdefinedbystatelaw.

10.2RightsandResponsibilitiesofStudentsonFinancialAidAs a recipient of financial aid, there are certain rights and responsibilities of whichstudents shouldbeaware.

10.2.1StudentsHavetheRighttoKnowü Whatfinancialassistanceisavailable, includinginformationonallfederal,state

andinstitutionfinancialaid programsü Applicationprocessthatmustbefollowedtobeconsideredforaidü Criteriausedtoselectrecipientsandcalculateneedü Refundandrepaymentpoliciesforstudentswhodrop classesü Criteriausedtoselectfinancialaid recipientsü HowSFCCdetermines satisfactoryacademicprogress.ü Disbursementproceduresforfinancialaidü Righttodecline/cancelanyaidofferedup tothetimeofdisbursementü Appealprocessforreconsiderationof awardoffinancialaid,placementon

financialaidwarningorsuspension, anddependencystatus.10.2.2StudentResponsibilitiesü RegularlyreviewSFCCstudentemailandmySFCCstudentaccountforany

communicationconcerningfinancialaid.ü Respondandsubmitpromptlyalladditionaldocumentation,verification,

52

corrections,and/ornewinformation requestedbySFCC.ü Readandunderstandtermsandconditionsofreceivingfinancialaidand

alldocumentationprovided.ü NotifySFCCofanychangesinname,address,maritalstatus,financialsituationand

schoolorstudentenrollmentstatus.ü Knowandcomplywiththedeadlines forapplicationsorreapplicationfor

financialassistanceü Maintainsatisfactoryacademicprogressaccordingtothepoliciesandstandards

ofthecollegeü Reportanyadditionalfinancialassistancefromnon-institutionalsourcessuchas

scholarships,privateloans,fellowshipsandothereducationalbenefits.10.3FamilyEducationRightsandPrivacyAct(FERPA)TheFederalFamilyEducationalandPrivacy Actof1974(FERPA),asamended,helpstoprotecttheprivacyof financialaidandotherstudentrecords.The actprovidesfor1)thestudent’srighttoinspecttheir financialaidrecords,butnotthefinancial informationofthestudent’sparent(s),whichmightbe containedinthestudent’sfinancialaidfile;2)thestudent’s righttorequestamendmentstothoserecords ifthestudentassertsthattheymaybeincorrect,and3)thelimitationofdisclosureofinformation fromthestudent’srecords.TheactprohibitsstaffatSFCCfrom sharinginformationaboutthestudent’sfinancialaid orothereducationalrecordswithanyoneotherthanthestudentunlessgivenpermissionbythestudent.10.4 StudentEnrollmentStatusThestudent’senrollmentstatuswilldetermineafinancialaideligibility.Informationprovidedontheiradmissionsapplicationwilldeterminetheenrollmentstatus.Studentswiththefollowingenrollmentstatusareeligibleforfinancialaid:• First-TimeFreshman• Returning/TransferStudent• Non-citizenStudentwhoareintheUSLegally(additionaldocumentationrequired)Studentswiththefollowingenrollmentstatusarenoteligibleforfinancialaid:• InternationalStudent• Non-DegreeSeekingStudent• Visiting/SpecialInterestStudent• PersonalInterest• StudentsAuditingaCourse• DualCredit/DualEnrollment

53

10.5. UseofonlineStudentAccount(mySFCC)toaccessFinancialAid

StudentshaveaccesstotheirfinancialaidinformationthrutheirmySFCCaccount.LogininformationwasprovidedatthetimeoftheiracceptanceatSFCC.InformationontheFinancialAidsectionincludebutnotlimitedtothefollowing:

ü FinancialAidRequirementsü FinancialAidOverviewü RequestingaStudentLoanü FinancialAidAppealsü DisbursementScheduleü ScholarshipApplication

55

Section11:AdditionalInformationandGlossary11.1LinkstoFinancialAidWebsites

U.S.DepartmentofEducationWebsites

https://fsaid.ed.gov Createyourusernameandpassword

https://fafsa.ed.gov FreeApplicationforFederalStudentAid

https://studentaid.gov FederalStudentAidportaltoaccessyourawardinformation,manageyourstudentloans,completeEntrance/ExitCounseling,andsignMasterPromissoryNote.

OtherFederalGovernmentWebsites

www.irs.gov Requestataxreturntranscript

www.va.gov Veteran’sAffairsGIBill®website

www.sss.gov SelectiveServicewebsite–Registerandcheckyourregistrationstatus

www.ssa.gov SocialSecurityAdministrationwebsite

StateofMissouriWebsites

www.dhewd.mo.gov MissouriDepartmentofHigherEducationwebsite–InformationonMissourifinancialaid,grants,scholarships

www.missourimost.org Missouri’s529CollegeSavingsPlan

www.ded.mo.gov DepartmentofEconomicwebsiteonemploymentandtrainingassistance

www.dhss.mo.gov MissouriProfessionalandPracticalNursingStudentLoanProgram

www.dss.mo.gov Assistanceforstudentswhoarevisuallyimpairedorblind

www.moguard.com MissouriEducationalAssistanceprogramforMissouriGuardpersonnel

56

11.3 GlossaryofTermsAcceptanceLetter:Thewrittenorelectronic acknowledgmentbythestudentofreceiptofanawardletter.Theformusuallyprovidesfor acceptanceofofferedaid,possibledeclination ofallorpartofthepackage,andsomemeansofrequestinganappeal,ifthatisdesired,to modifytheaward.Frequently,acceptance lettersandawardlettersarecombinedintoa singledocument.AccruingInterest(onaloan):Thecostof theloan,representedbytheinterestrate,isaddinguppriortotherepaymentperiodor priortoapaymentinstallment.AdjustedGrossIncome(AGI):Alltaxable incomeasreportedonaU.S.incometax return.AdvancedPlacement(AP):Creditand/or advancedstandingincertaincoursesequencesthatpostsecondaryinstitutionsmayoffertohighschoolstudentswhohavetakenhigh-levelcoursesandpassedcertainexaminationsArmyCollegeFund:AprogramthatprovidesArmyenlisteesincertainjob specialtiesandwhoscoreatleast50ontheArmedForcesVocationalAptitudeBattery educationalbenefitstoattendcollege.Assets:Cashonhandincheckingandsavings accounts;trusts,stocks,bonds,othersecurities;realestate(excludinghome), income-producingproperty,business equipment,andbusinessinventory.ConsideredindeterminingExpectedFamily Contribution(EFC).AssociateDegree:Adegreegivenfor successfulcompletionofsomecoursesof studyatatwo-yearcollege.AwardLetter:Ameansofnotifyingsuccessfulfinancialaidapplicantsofthe assistancebeingoffered.Theawardletterusuallyprovidesinformationonthetypesandamountsofaidoffered,aswellasspecific programinformation,studentresponsibilities, andtheconditionsthatgoverntheaward.Generallyprovidesstudentswiththeopportunitytoacceptordeclinetheaidoffered.(SeeFinancialAidNotification)Bachelor'sDegree:Thedegreegivenfor successfulcompletionoftheundergraduatecurriculumatafour-yearcollegeora university.Alsocalledabaccalaureatedegree.BureauofIndianAffairs(BIA)Grant:A federalgrantprogramadministeredbytheBureauofIndianAffairsforneedystudentswhoaremembersofanIndian,Eskimo,orAleuttribeandenrolledinaccredited institutionsinpursuitofanundergraduateorgraduatedegree.BusinessAssets:Propertythatisusedinthe operationofatradeorbusiness,includingreal estate,inventories,buildings,machineryand otherequipment,patents,franchiserights,and copyrights.Consideredindeterminingan ExpectedFamilyContribution(EFC)

57

under theregularformula.Campus-basedPrograms:ThetermcommonlyappliedtothoseU.S.Department ofEducationfederalstudentaidprograms administereddirectlybyinstitutionsofpostsecondaryeducation.Includes:FederalPerkinsLoan,FederalSupplementalEducationalOpportunityGrant(FSEOG),and FederalWork-Study(FWS)programs.Capitalization(ofinterest):The arrangementbetweenborrowerandlenderwherebyinterestpaymentsaredeferredas theycomedueandareaddedtotheprincipalamountoftheloan.CentralProcessingSystem(CPS):The computersystemtowhichthestudent'sneedanalysisdataiselectronicallytransmittedby theFAFSAprocessor.TheCentralProcessingSystemperformsdatabasematches,calculates thestudent'sofficialExpectedFamilycontribution(EFC),andprintsouttheStudent AidReport(SAR).Certificate:Theformalacknowledgmentof successfulcompletionofaparticularprogramorcourseofstudy,particularlyinavocational school,tradeschool,orjuniorcollege.College-LevelExaminationProgram (CLEP):Aseriesofexaminationsdemonstratingastudent'sproficiencyina subjectarea,forwhichsomepostsecondary institutionsoffercredit.CommuterStudent:Astudentwhodoesnot liveoncampus;typically,"commuter"referstoastudentlivingathomewithhisorherparents,butcanalsomeananystudentwho livesoff-campus.ConsolidationLoan:Aloanmadetoenable aborrowerwithdifferenttypesofloanstoobtainasingleloanwithoneinterestrateand onerepaymentschedule.FederalPerkins,FederalStafford(subsidizedand unsubsidized),DirectSubsidizedandDirect Unsubsidized,HealthEducationAssistance Loans(HEAL),HealthProfessionsStudent Loans,andLoansforDisadvantagedStudents maybecombinedforpurposesof consolidation,subjecttocertaineligibility requirements.Aconsolidationloanpaysoff theexistingloans;theborrowerthenrepays theconsolidatedloan.CostofAttendance(COA):Generally,this includesthetuitionandfeesnormallyassessedastudent,togetherwiththe institution'sestimateofthecostofroomand board,transportationandcommutingcosts, booksandsupplies,andmiscellaneous personalexpenses.Inaddition,studentloan fees,dependentcare,reasonablecostsfora studyabroadorcooperativeeducation program,and/orcostsrelatedtoadisabilitymaybeincluded,whenappropriate.Also referredtoas"costofeducation"or"budget."Credit(orCreditHour):Theunitofmeasurementsomeinstitutionsgivefor fulfillingcourserequirements.CustodialParent:Theparentwithwhomthe dependentstudentlivesandwhose

58

financial informationisusedintheneedanalysiswhen parentsaredivorcedorseparated.Deferment(ofloan):Aconditionduringwhichpaymentsofprincipalarenotrequired,and,forFederalPerkinsandsubsidizedFederalStaffordandDirectSubsidizedLoans,interestdoesnotaccrue.Therepayment periodisextendedbythelengthofthedefermentperiod.DepartmentofEducation,U.S(DOE):Thefederalgovernmentagencythat administersassistancetostudentsenrolledin postsecondaryeducationalprogramsunder thefollowingprograms:federalPellgrant, federalPerkinsloan,FederalSupplementalEducationalOpportunityGrant(FSEOG), FederalWork-Study(FWS),FederalFamilyEducationLoan(FFEL)Programs,andWilliamD.FordFederalDirectLoan(DirectLoan)Program.

DependentStudent:Astudentwhodoesnot qualifyasanindependentstudentandwhoseparentalincomeandassetinformationisused incalculatinganExpectedFamilyContribution(seeIndependentStudent).DirectSubsidizedandDirectUnsubsidized Loans:Longterm,low-interestloansadministeredbytheDepartmentofEducation andinstitutions.Interestratenottoexceed8.25%.DirectUnsubsidizedLoanscanbeusedtoreplaceEFC.EducationalBenefits:Funds,primarily federal,awardedtocertaincategoriesof students(Veteran,childrenofdeceased Veteranorotherdeceasedwageearners,and studentswithphysicaldisabilities)tohelp financetheirpostsecondaryeducationregardlessoftheirabilitytodemonstrateneed inthetraditionalsense.Employment:Withreferencetofinancialaid, theopportunityforstudentstoearnmoneytohelppayfortheireducation.Federalwork- studyisoneprogrambywhichneedystudents canworktodefraytheireducationalexpenses.EmploymentAllowance:Anallowancetomeetexpensesrelatedtoemploymentwhenbothparents(oramarriedindependent studentandspouse)areemployedorwhen oneparent(orindependentstudent)qualifies asasurvivingspouseorasheadofahousehold.Usedinneedanalysisformulafor parentsandstudent,ifeligible.ExpectedFamilyContribution(EFC):The amountastudentandhisorherfamilyareexpectedtopaytowardthestudent'scostof attendanceascalculatedbya congressionallymandatedformulaknownas FederalMethodology.TheEFCisusedtodetermineastudent'seligibilityforthestudent financialassistanceprograms.FederalFamilyEducationLoan(FFEL)Programs:Thecollectivenameforthe FederalStafford(subsidizedand unsubsidized),FederalPLUSLoan,and FederalConsolidatedLoanprograms.Privatelendersprovidefundsfortheseprogramsandthefederalgovernmentguaranteestheloans.

59

FederalNeedAnalysisMethodology:A standardizedmethodfordeterminingastudent's(andfamily's)abilitytopayfor postsecondaryeducationexpenses;alsoreferredtoasFederalMethodology(FM).The singleformulafordetermininganExpectedFamilyContribution(EFC)forPellgrants, campus-basedprograms,FFELprograms,andDirectLoanprogram;lawdefinestheformula.FederalPellGrant:Afederalgrantprogram forneedypostsecondarystudentswhohavenotyetreceivedabaccalaureateorfirst professionaldegree;administeredbytheU.S.DepartmentofEducation.FederalPLUSLoan(FPLUS):Long-term loansmadeavailabletoparentsofdependentstudents.Interestratesmaynotexceed10.5%. MaybeusedtoreplaceEFC;annualamount borrowedlimitedtothecostofattendanceminusestimatedfinancialassistance.FederalStaffordLoan(subsidizedandunsubsidized)Long-term,low-interestloansadministeredbytheDepartmentofEducation throughprivateguaranteeagencies.Formerly knownasGuaranteedStudentLoans(GSLs)withaninterestrate,nottoexceed8.25%.UnsubsidizedFederalStaffordLoansmaybe usedtoreplaceEFC.FederalSupplementalEducationalOpportunityGrant(FSEOG):Oneofthe campus-basedprograms;grantsto undergraduatestudentsofexceptional financialneedwhohavenotcompletedtheir firstbaccalaureatedegreeandwhoare financiallyinneedofthisgranttoenable themtopursuetheireducation.Priorityfor FSEOGawardsmustbegiventoFederalPellgrantrecipientswiththelowestEFCs.FederalWork-StudyProgram(FWS):One ofthecampus-basedprograms;apart-timeemploymentprogramwhichprovidesjobsfor undergraduateandgraduatestudentswhoare inneedofsuchearningstomeetaportionof theireducationalexpenses.FinancialAid:Generaltermthatdescribes anysourceofstudentassistanceoutsidethestudentorthestudent'sfamily.Fundsawarded toastudenttohelpmeetpostsecondaryeducationalexpenses.Thesefundsare generallyawardedbasedonfinancialneedandincludescholarships,grants,loans, andemployment.FinancialAidAdministrator:Anindividual whoisresponsibleforpreparingandcommunicatinginformationpertainingto studentloans,grantsorscholarships,andemploymentprograms,andforadvising, awarding,reporting,counseling,and supervisingofficefunctionsrelatedtostudent financialaid.Accountabletothevariouspublicswhichareinvolvedandisamanager oradministratorwhointerpretsand implementsfederal,state,andinstitutional policiesandregulations,andiscapableof analyzingstudentandemployeeneedsand makingchangeswherenecessary.FinancialAidAward:Anofferoffinancial orin-kindassistancetoastudentattendingapostsecondaryeducationalinstitution.Thisawardmaybeintheformofoneormoreofthefollowingtypesoffinancialaid:repayable loan,anon-repayablegrantand/orscholarship,and/orstudentemployment.

60

FinancialAidConsultant:Apersonwho, forafee,providesavarietyofservicestostudentsandparents,includingpreparingtheFAFSAandotherfinancialaidforms,estimatingtheExpectedFamilyContribution (EFC),andestimatingfinancialneed.FinancialAidNotification:Theletteror electronicversionoftheletterfromthepostsecondaryinstitutionthatletsthestudentknowwhetheraidhasbeenawarded.If thestudentwillbereceivingassistance,the notificationalsodescribesthefinancialaidpackage.Stateagenciesandprivate organizationsmaysendstudentsfinancialaidnotificationsseparatelyfromthe postsecondaryinstitution.Also,seeAwardLetter.FinancialAidPackage:Afinancialaid awardtoastudentcomprisedofacombinationofformsoffinancialaid(loans, grantsand/orscholarships,employment).FinancialNeed:Thedifferencebetweenthe institution'scostofattendanceandthefamily'sabilitytopay(i.e.,ExpectedFamilyContribution).Abilitytopayisrepresentedbytheexpectedfamilycontributionforfederal need-basedaidandformanystateandinstitutionalprograms.FinancialNeedEquation:Costof attendanceminusExpectedFamily Contributionequalsfinancialneed(COA- EFC=Need).Forbearance:Permittingthetemporary cessationofrepaymentsofloans,allowinganextensionoftimeformakingloanpayments,oracceptingsmallerloanpaymentsthanwere previouslyscheduled.FreeApplicationforFederalStudentAid (FAFSA):Thefinancialaidapplicationdocumentcompletedbythestudent,andthe student'sparentsifapplicable,thatcollectshouseholdandfinancialinformation.The FAFSAisthefoundationdocumentforallfederalneedanalysiscomputationsand databasematchesperformedforastudent.GracePeriod:Theperiodthatbeginswhenaloanrecipientceasestobeenrolledat leasthalftimeandendswhentherepayment periodstarts.Loanprincipalneednotbepaid and,generally,interestdoesnotaccrueduring thisperiod.Grant:Atypeoffinancialaidthatdoesnothavetoberepaid;usuallyawardedbasedonneed,possiblycombinedwithsome skillsorcharacteristicsthestudentpossesses. Also,seeGiftAid.HealthandHumanServices,U.S.Departmentof(HHS):Thesectionofthe federalgovernmentthatassists futurehealthcarepractitioners.TheNursing StudentLoan,HealthProfessionStudent Loan,andHealthEducationAssistanceLoan areamongsomeoftheaidprogramsadministeredbyHHS.HealthProfessionsPrograms:Federal studentassistanceprogramsadministeredby theU.S.DepartmentofHealthandHuman Servicesforstudentspreparingforcareersin thehealthsciences.

61

Income:Amountofmoneyreceivedfromanyorallofthefollowing:wages,interest,dividends,salesorrentalofpropertyorservices,businessorfarmprofits,certainwelfareprograms,andsubsistenceallowancessuchastaxableandnontaxablesocialsecuritybenefitsandchildsupport.IncomeProtectionAllowance:Anallowanceagainstincomeforthebasiccostsofmaintainingfamilymembersinthehome.TheallowanceisbaseduponconsumptionandothercostestimatesoftheBureauofLaborStatisticsforafamilyatthelowstandardofliving.IndependentStudent:Astudentwhosatisfiesoneofthefollowingcriteria:

• is24yearsofageorolderbyDecember31oftheawardyear;• isanorphan,infostercare,orawardofthecourt,orwasanorphan,infostercare,

orawardofthecourtatanytimewhentheindividualwas13yearsofageorolder;• is,orwasimmediatelypriortoattainingtheageofmajority,anemancipatedminor

orinlegalguardianshipasdeterminedbyacourtofcompetentjurisdictionintheindividual'sStateoflegalresidence;

• isaveteranoftheArmedForcesoftheUnitedStates(asdefinedinsubsection(c)(1))oriscurrentlyservingonactivedutyintheArmedForcesforotherthantrainingpurposes;

• isagraduateorprofessionalstudent;• isamarriedindividual;• haslegaldependentsotherthanaspouse;• hasbeenverifiedduringtheschoolyearinwhichtheapplicationissubmittedas

eitheranunaccompaniedyouthwhoisahomelesschildoryouthorasunaccompanied,atriskof homelessness,andself-supporting;or

InstitutionalScholarship:Anawardofgift assistancethatisspecificallydesignatedforarecipientinaparticularacademicdepartment withintheinstitution.InvestmentPlans:Educationalsavings programs,usuallysponsoredbycommercialbankinginstitutions.IRSDataRetrieval:Parentsandstudents maytransfertheirIRStaxinformationtotheirFAFSAbyusingtheIRSdataretrievaltool.TheFAFSAquestionsthatarepopulatedwithtaxinformationwillbemarkedwith “TransferredfromtheIRS.”LegalDependent(ofApplicant):A biologicaloradoptedchild,orapersonforwhomtheapplicanthasbeenappointedlegal guardian,andforwhomtheapplicant providesmorethanhalfsupport.Inaddition,a personwholiveswithandreceivesatleast halfsupportfromtheapplicantandwill continuetoreceivethatsupportduringthe awardyear.Forpurposesofdetermining dependencystatus,aspouseisnotconsidered alegaldependent.Loan:Anadvanceoffundsevidencedbyapromissorynoteandrequiringtherecipienttorepaythespecifiedamount(s)under prescribedconditions.

62

LoanRepaymentProgram:Aspecialprogramavailabletoqualifiedstudentswho haveattendedcollegeonfederallyfunded studentloansandwhosubsequentlyenlistin theArmyforatleastthreeyearsinanyjobspecialty.Merit-basedAid:Studentassistanceawarded becauseofastudent'sachievementortalentin aparticulararea,suchasacademics,athletics, music,etc.MilitaryScholarships:ReserveOfficer TrainingCorps(ROTC)scholarships availablefortheArmy,NavyandAirForceatmanycollegesanduniversitiesthroughoutthe UnitedStates.Thesescholarshipscover tuitionandfees,booksandsupplies,and includeasubsistenceallowance.MissingDocumentLetter:Thisletterissent tostudentswhenthereareadditionaldocumentsneededtocontinueprocessingthe student’sfinancialaid.mySFCC:StateFairCommunityCollege’s studentportal.Studentsareabletoviewtheirfinancialaidoffers,accepttheirofferedaid, checktheircurrentacademicprogressstatus,enrollinclasses,andfindinformationon financialliteracy.NationalHealthServiceCorpsScholarship (NHSC):Scholarshipprogramforstudentswhopursuefull-timecoursesofstudyin certainhealthprofessionsdisciplines,andarewillingtoserveasprimarycarepractitioners inunderservedareasaftercompletingtheireducation.NationalandCommunityService:AprogramestablishedthroughtheNationalandCommunityServiceTrustActof1993designedtorewardindividualswhoprovidecommunityservicewitheducationalbenefits and/orloanforgivenessorcancellation.NeedAnalysis:Asystembywhichastudent applicant'sabilitytopayforeducationalexpensesisevaluatedandcalculated.Need analysisconsistsoftwoprimarycomponents:

a. determinationofanestimateoftheapplicant'sand/orfamily'sabilitytocontributetoeducationalexpenses;and

b. Determinationofanaccurateestimateofthe educationalexpensesthemselves.

NeedAnalysisFormula:Definesthedata elementsusedtocalculatetheexpected familycontribution(EFC);therearetwodistinctformulas:regularandsimplified.The formuladeterminestheEFCunderthe FederalNeedAnalysisMethodology.Need-basedAid:Studentassistanceawarded becauseastudent'sfinancialcircumstanceswouldnotpermithimorhertoaffordthecost ofapostsecondaryeducation.NonNeed-basedAid:Aidbasedoncriteria otherthanneed,suchasacademic,musicalorathleticability.Alsoreferstofederalstudent aidprogramswheretheexpectedfamilycontribution(EFC)isnotpartoftheneedequation.Packaging:Theprocessofcombining varioustypesofstudentaid(grants,loans,

63

scholarships,andemployment)toattemptto meetfullamountofstudent'sneed.ParentContribution:Aquantitative estimateoftheparents'abilitytocontributetopostsecondaryeducationalexpenses.PellGrantLifetimeEligibilityUsed:federallawtobetheequivalentofsixyearsofPellgrantfundinglimitstheamountoffederalPellgrantfundsyoumayreceiveoveryourlifetime.SincethemaximumamountofPellgrantfundingyoucanreceive eachyearisequalto100%,thesix-yearequivalentis600%.Principal(ofaloan):Theamountofmoney borrowedthroughaloan;doesnotincludeinterestorothercharges,unlesstheyare capitalized.ProfessionalJudgment(PJ):Aid administratordiscretion,basedonspecialcircumstancesofthestudent,tochangedataelementsusedindeterminingeligibilityforfederalstudentaid.PromissoryNote:Thelegaldocument,which bindsaborrowertotherepaymentobligations andothertermsandconditions,whichgovern aloanprogram.RenewalFAFSA:OnetypeofFAFSAthatresemblesaSARandhasthesamequestions astheFAFSA.TheRenewalFAFSAispreprintedwiththestudent'sprioryear responsestocertaindataitems,whichare likelytoremainconstantfromyeartoyear.RepaymentSchedule:Aplanthatis providedtotheborroweratthetimeheorsheceasesatleasthalf-timestudy.Theplan shouldsetforththeprincipalandinterestdue oneachinstallmentandthenumberof paymentsrequiredpayingtheloaninfull.Additionally,itshouldincludetheinterest rate,theduedateofthefirstpayment,andthefrequencyofpayments.SARInformationAcknowledgment:Anon- correctableone-pageStudentAidReport.Studentswhofileelectronicapplicationsor whomakeelectroniccorrectionstoapplicantinformationthroughaschoolreceivethis acknowledgment.Scholarship:Aformoffinancialassistance thatdoesnotrequirerepaymentoremploymentandisusuallymadetostudents whodemonstrateorshowpotentialfordistinction,usuallyinacademicperformance.ScholarshipSearchServices:Organizations thatclaimtohelpstudentsfindlittle-knownandunusedfinancialaidfunds.Familieswho areinterestedisusingsuchaserviceshouldcarefullyinvestigatethecompanyfirst.ShoppingSheet:Anindividualizedstandard financialaidawardletterthatwillhelpstudentsandfamiliesunderstandthecostsof collegebeforemakingthefinaldecisiononwheretoenroll.

64

SimplifiedNeedsTest:Analternatemethod ofcalculatingtheexpectedfamilycontributionforfamilieswithadjustedgross incomesoflessthan$50,000,whohavefiled,areeligibletofile,anIRSForm1040Aor1040EZ,orarenotrequiredtofileanincome taxreturn.Excludesallassetsfrom consideration.StudentAidReport(SAR):Theofficial notificationsenttoastudentbecauseoftheCentralProcessingSystem(CPS)receivingan applicantrecord(viaFAFSA)forthestudent.TheSARsummarizesapplicantinformation, anExpectedFamilyContributionforthestudent,anddisplaysotherspecialmessages relatedtothestudent'sapplication.InsomeinstancestheSARmayneedtobesubmitted toFinancialAidandVeteranServicesattheschoolthestudentplanstoattend,butonlyif theschoolrequestsit.StudentContribution:Aquantitative estimateofthestudent'sabilitytocontribute topostsecondaryexpensesforagivenyear.StudentEmail:StateFairCommunity CollegeassignseachstudentanSFCCemail account.Throughthisaccount,studentswill receivethemajorityoftheircommunication fromthecollege.Otheravenuesof communicationwillbethroughthestudent portal,mySFCC,ourwebsite,andmailed letters.However,thestudentemailistheprimarymeansused.SubsidizedLoanLimit:Limitsafirst-timeborrower’seligibilityforDirectSubsidizedLoanstoaperiodnottoexceed150%ofthe lengthoftheborrower’seducationalprogram(‘the150%limit’).Undercertainconditions, theprovisionalsocausesfirst-timeborrowerswhohaveexceededthe150-percentlimitto losetheinterestsubsidyontheirDirectSubsidizedLoans.Subsidy:Themoneythefederalgovernment usestohelpunderwritestudentaidprograms; primarilyreferstogovernmentpaymentstolendersofthein-schoolinterestonFederal StaffordLoans.TaxableIncome:Incomeearnedfromwages, salariesandtips,aswellasinterestincome,dividendincome,businessorfarmprofits, andrentalorpropertyincome.TaxReturnTranscript:Taxfilersmay requestatranscriptofthetaxreturnfromtheInternalRevenueService(IRS),freeofcharge,viaanonlinerequestatwww.irs.gov, atelephonerequestat(800)908-9946,ora paperrequestform(IRSForm4506T-EZ).TitleIVPrograms:Thosefederalstudentaid programsauthorizedunderTitleIVoftheHigherEducationActof1965,asamended.Includes:theFederalPellgrant,FederalSupplementalEducationalOpportunityGrant, FederalWork-Study,FederalPerkinsLoan,FederalStaffordLoan,FederalPLUSLoan, DirectLoan,andDirectPLUSLoan.UnmetNeed:Thedifferencebetweena student'stotalcostofattendanceataspecificinstitutionandthestudent'stotalavailable resources.UnsubsidizedLoanLimit-

65

UntaxedIncome:Allincomereceivedthatis notreportedtotheInternalRevenueService orisreportedbutexcludedfromtaxation.Suchincomewouldincludebutnotbelimited toanyuntaxedportionofSocialSecurity benefits,EarnedIncomeCredit,welfarepayments,untaxedcapitalgains,intereston tax-freebonds,dividendexclusion,andmilitaryandothersubsistenceandquarter’s allowances.VeteranEducationalBenefits:Assistance programsforeligibleVeteranand/ortheirdependentsforeducationortraining.VocationalRehabilitation:Programs administeredbystatedepartmentsof vocationalrehabilitationservicestoassist individualswhohaveaphysicalormental disability,whichisasubstantialhandicaptoemployment.WilliamD.FordFederalDirectLoan (DirectLoan)Program:Thecollectivename fortheDirectSubsidized,DirectUnsubsidized,DirectPLUSLoan,andDirectConsolidationLoanPrograms.Thefederalgovernmentprovidesloanfundsfortheseprogramstostudentsandparentsthrough postsecondaryinstitutionsthatparticipateintheprogram.Withtheexceptionofcertain repaymentoptions,thetermsandconditionsofloansmadeundertheDirectLoanProgramareidenticaltothosemadeundertheFFELprogram.