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Santa Fe College Financial Aid Handbook 2010-11
Santa Fe College Financial Aid Handbook 2010-11
It’s the right time to apply for financial aid for 2010-2011
Fast Find
What is Financial Aid?....................................2
Dates/Deadlines............................................3
Critical Enrollment Information........................3 Financial Aid Handbook
Transfer Students..........................................3
Cost of Attendance/Budgets...........................4
2010-2011 Academic Year
Financial Aid Programs...................................5 Fall 2010, Spring and Summer 2011
Loans............................................................6
Satisfactory Academic Progress......................7
Federal Loan Repayment Policy.......................8
2009-2010 Scholarships..............................10
SFC Endowment Scholarships.......................11
What is Financial Aid? school and other colleges or postsecondary institutions that
Financial aid is money provided to assist you in meeting college you have attended. As we receive more information about you,
costs. It can be gift aid (grants and scholarships) or self-help aid additional documents may be needed. Check eSantaFe to view
(part-time work and loans). Federal, state and institutional funding the status of your financial aid file.
are three sources of financial aid. Grants are free awards that are 3. Visit the Career Resource Center at http://www.sfcollege.edu/
based on financial need. Grants don’t have to be repaid unless, student/crc for help in career planning.
for example, you are awarded funds incorrectly or you withdraw 4. View your degree audit online at eSantaFe and enroll in classes
from school and owe a refund. Scholarships are non-repayable needed for your degree. For additional information see an
awards based either on merit or special talent alone or on merit academic advisor or a program advisor before you register. You
and financial need. Work-study employment allows students to must be enrolled in an eligible degree or certificate program.
earn money while attending school. Student loans are available Some ineligible programs are: 6907 Emergency Medical
to students or their parents at low interest rates with repayment Technician and 7334 Home Health Aide. Go to http://dept.
usually deferred until after graduation. sfcollege.edu/enserv/admissions/content/as_vc_program_codes.
pdf for a list of ineligible programs Check your financial aid
status by viewing My Financial Aid at eSantaFe. Respond
Important promptly to our requests if additional information is needed.
If you withdraw from all of your classes within the first 60
percent of the payment period measured in calendar days, you
may owe a portion of unearned aid back to the federal government. The Federal PIN
The college will owe a percent of the refund of the institutional Your federal PIN allows you access to personal information
costs, and any amount that the college repays will be billed to in U.S. Department of Education’s systems such as applying for
you. Refer to “Federal Repayment Policy” on page 8 for additional federal student aid. Your federal PIN allows you to:
information. • Access FAFSA on the Web and Corrections on the Web
• Sign your FAFSA electronically or obtain a copy of your FAFSA
information
Who Should Apply? • Complete your Federal Direct Student Loan electronic Master
U.S. citizens, nationals or eligible non-citizens can apply for
Promissory Note (MPN)
financial aid. You must have a high school diploma or GED before
• Review your grant and loan history on the National Student
financial aid can be awarded, unless you qualify under ability
Loan Data System (NSLDS)
to benefit guidelines. Most male students must register with the
If you are a dependent student and one of your parents has a
Selective Service to get financial aid.
PIN, he or she can sign the application electronically using their
PIN.
Where to Get Help
If you have a question or need help with any part of the financial
aid process, the Financial Aid Office in R-122 is where you can How is Need Determined?
get it. We are open Monday through Friday from 8 a.m.-4:30 p.m. The financial aid information you and your family provide on
Financial aid specialists are available for walk-ins Monday the FAFSA is analyzed by the federal processor to determine the
and Wednesday 8:30 a.m.-1 p.m.; Tuesday and Thursday expected family contribution (EFC). Family contribution is the
11:30 a.m.-4 p.m.; Friday 1 p.m.-4 p.m. You can e-mail us at amount you and your family should be able to pay toward your
financial.aid@sfcollege.edu or call (352) 395-5480. cost of education. Need is the difference between the amount you
Please follow the five steps below to make sure your financial aid and your family can contribute and the cost to attend the college
is awarded without delay: of your choice. The primary responsibility for paying for your
1. File your FAFSA application at www.fafsa.ed.gov. education belongs to you and your family.
2. Apply for admission to SF and submit proof of high school College Budget (Cost of Attendance)
graduation or GED. - Expected Family Contribution
3. Visit the Career Resource Center. = Financial Need
4. View your degree audit online before you register or see an
academic advisor or a program advisor. Award Notification
5. Check your financial aid status at eSantaFe and read your You will receive a notification in eSantaFe when you are
“notifications” regularly. awarded. The types and amounts of aid offered, specific program
information, your responsibilities, and the conditions that govern
Apply online the award will be on eSantaFe in My Financial Aid.
1. 1. You must apply for financial aid each academic year. Apply
online using FAFSA on the Web at www.fafsa.ed.gov. Sign
your FAFSA using your federal PIN. See the federal PIN on
Important Dates/Deadlines
January 1, 2010 – Apply now (or as soon as possible after this
page 2. Do not estimate your financial figures. List Santa
date); complete the Free Application for Student Aid (FAFSA)
Fe’s federal school code of 001519 and your housing plans in
for the 2010-2011 academic year.
step six. If you leave your housing plans blank, you will be
awarded financial aid based on a commuter budget. If you March 15, 2010 – Priority “on time” deadline for full funding
need help in transmitting the information, first complete the 2010- 2011
2010-2011 FAFSA on the Web worksheet and then contact the June 30, 2011 – The federal processor must receive the FAFSA
Career Resource Center, (352) 395-5824, for an appointment. on the Web by midnight Central Daylight Time. A paper FAFSA
The center is open from 8 a.m.-4:30 p.m. SF will receive an must be mailed in time for the processor to receive it by the
electronic file with your FAFSA information that will be receive deadline.
an electronic file with your FAFSA information that will be July 15, 2011 – File must be complete and verified (or 10 days
used in awarding your aid. prior to your last day of enrollment, whichever is earlier).
2. Apply for admission to SF online at www.sfcollege.edu/ August 8, 2011 – SF must receive your Student Aid Report
admissions/. We cannot award you and disburse aid to you (SAR, the results of your processed FAFSA) (or by last day
until you have completed the admissions process. This of enrollment, whichever is earlier) for you to receive any
includes supplying academic transcripts from your high financial aid.
3
Fall enrollment dates, categories, and examples If you drop a class after the drop with a refund date (e.g. during
are as follows: the period that you would receive a W), you will be responsible for
Fall term: 8/23/10 to 12/03/10 paying the deferred fees.
Fall A flexterm: 8/23/10 to 10/06/10
Fall B flexterm: 10/18/10 to 12/03/10 Fall and Spring 2009-2010 Student Budgets
12 credit hrs. is full time 12 hrs: 6 fall + 3 fall A + 3 fall B Tuition: Single Resident* Single Commuter*
9-11 credit hrs. is 3/4 time 9 hrs: 3 fall + 3 fall A + 3 fall B FL Resident
6-8 credit hrs. is 1/2 time 7 hrs 4 fall + 3 fall B $84.60 Per credit hour $2,030 $2,030
5 or less credit hrs. is <1/2 time 4 hrs: 3 fall + 1 fall B Non-FL Resident
Students registering for flexterm courses will receive financial $317.50 Per credit hour $7,620 $7,620
aid checks based on the combined flexterm and standard term
Books $700 $700
enrollment. If you have any questions about flexterm enrollment
Room and Board $7,288 $1,920
and your financial aid, please contact the Financial Aid Office at
financial.aid@sfcollege.edu or (352) 395-5480. Personal Expenses $2,408 $2,408
Transportation $1,496 $1,496
Enrollment Status and Aid Totals:
FL Resident $13,922 $8,554
Adjustment at “Lock-in” Date Non-FL Resident $19,512 $14,144
After the lock-in date there are no adjustments to aid. Your *Costs are subject to change. To check the cost of attendance
award will be based on your recorded enrollment status and it will go to www.sfcollege.edu and click on Financial Aid for updated
not increase or decrease after the lock-in date. information. The resident or commuter budget is determined by
Adjustment of Financial Aid Awards the student’s intended housing plans reported in step six of the
You will receive a tentative financial aid award based on full- FAFSA.
time enrollment. At the lock-in date (which is the end of the regular
drop with a refund date), your enrollment status is recorded and Students With Disabilities
your award may be adjusted. The examples below illustrate the The Financial Aid Office and the Disabilities Resource Center
adjustment of a 4-month full-time award (standard term) and a (DRC) work together to assist students with disabilities. Contact
2-month full-time award (flexterm). Note that the amount of your the DRC for any special needs assistance at (352) 395-4400 voice/
actual financial aid award depends upon your calculated need. TTY or visit Building S, room 229. Upon request, the DRC will
The following is an example of a 4-month budget (standard arrange a meeting with a financial aid specialist.
term)
12HRS 9HRS 6HRS
Pell Grant $2675 $2006 $1337
Veterans Affairs
Subsidized Direct Loan $1750 $1750 $1750 Veterans assistance programs at SF are coordinated by the
Veterans Affairs Office (R-110), (352) 395-5505. Veterans applying
The following is an example of 2-month budget (flexterm)
for financial aid must report all educational benefits and provide
12HRS 9HRS 6HRS
written verification of same to the Financial Aid Office. Veterans
Pell Grant $2675 $2006 $1337
may also be requested to submit a valid DD214 discharge form.
Subsidized Direct Loan $1432 $1796 $2159
Federal Pell Grant is based on your Expected Family
Contribution (EFC) and the number of credits you are taking each Verification
semester. If you are enrolled for less than 12 hours, your Pell award Verification is the process established by the U.S. Department of
will be adjusted and, depending on your EFC, your Pell grant may Education to check the accuracy of the information submitted on
adjust to zero. the FAFSA. Verification may occur any time during the application
Usually the amount of your Direct Loan will not change. or awarding process. In most cases, applicants are selected by the
Prorating is required when your loan period is one term and you U.S. Department of Education; however, the college may also select
need 12 hours or less to complete your program. a student. If selected, you will be notified by the federal processor
The following is an example based on 6 hours enrollment: and/or SF. You may be asked to provide the following additional
The maximum loan amount will be the annual loan limit documents:
multiplied by the number of hours enrolled divided by 24 (the Dependent Student
number of hours a full-time student is expected to earn within • 2010-2011 Verification Worksheet
the academic year).
• Signed copy of your 2009 federal income tax return
4500 X 6 = $1125
• Signed copy of your parent(s)’ 2009 federal income tax
24
return(s)
• Any other documents necessary to verify data
Fee Deferment
A fee deferment is a charge of fees with the promise to pay at the Independent Student
established deadline. It does not automatically pay your fees; it • 2010-2011 Verification Worksheet
only delays the payment. If you have been awarded financial aid, • Signed copy of your (and spouse’s) 2009 federal income tax
tuition will be deferred if fees are less than or equal to the amount return(s)
of projected financial aid for the term. • Any other documents necessary to verify data This review
If you have not yet been awarded, but have a complete financial may lengthen the processing time by four to eight weeks.
aid file, you may contact the Financial Aid Office for consideration No money will be awarded until the verification process has
of a fee deferment. Late applicants should be prepared to pay for been completed. Each student must complete the verification
tuition, books, housing, etc. process before the end of his or her academic year; files are
You will be notified in writing of the fee deferment deadline. inactivated in 30 days if no response is received. If the student
If the total deferred fees are not paid by the deadline, you will be refuses to provide the required verification documents, the
flagged for a financial obligation to the college with a hold on all case may be referred to the Office of Inspector General for
records and will be turned over to collections. resolution.
5
Misrepresentation of Circumstances must have one year prior Florida residency and be enrolled in
To maintain the integrity of the programs administered by a certificate program. Priority is given to students with early
the Financial Aid Office, all information and documentation application as funds are available. For renewal eligibility, if
submitted must be accurate and authentic. Students must provide enrolled full time, students must earn 24 credit hours in previous
complete information on all application forms and supplemental summer, fall and spring semesters. If enrolled half time (6-8 hours)
documents. Misrepresentation or the falsification of information students must earn 12 credit hours; if enrolled three-quarter time
and/or statements on application forms for federal financial aid is (9-11 hours) students must complete 18 credit hours. If the award
a violation of law and can be considered a criminal offense subject is a combination full-time and part-time FSAG-CE, the student
to penalties under the U.S. Criminal Code. Penalties also apply to must successfully complete the applicable credit hours for each
state and institutional student aid funds. If the college has reason term. Award amounts range from $200-$2068 per year. Fees may
to believe that an applicant has applied for Federal Student Aid be deferred and books may be charged to accepted awards. The
under false pretense, the case may be referred to the Office of student does not have to receive the Pell Grant to receive an FSAG-
Inspector General for resolution. CE program grant.
Florida Work Experience Program (FWEP) loan limits. For loans first disbursed on or after July 1, 2008 the
This is a need-based state funded program providing eligible following limits apply:
students work experience to complement and reinforce their
• Dependent undergraduate student (excluding students
educational career goals. To be eligible, the student must be
whose parents cannot borrow Parent Loan for Undergraduate
a Florida resident and be enrolled at least half-time. Awards
Students (PLUS Loan):
range from 10-15 hours per week. Students are paid minimum
o $5500 if you’re a first-year student enrolled in an eligible
wage bi-monthly. Students who are awarded should contact the
program of study. No more than $3500 of this amount can be
Financial Aid Work Study office in R-122 for job placement. A
in subsidized loans.
minimum of half-time enrollment status (6-8 hours) per standard
o $6500 if you’ve completed your first year of study in an
term is required for consideration.
associate degree program. No more than $4500 of this
Federal Work Study (FWS) amount can be in subsidized loans.
This is a need-based student work program. Awards range o $7500 if enrolled in a bachelor degree program of study. No
from 10-15 hours per week. Students are paid minimum wage more than $5500 of this amount can be in subsidized loans.
bi-monthly. Students who are awarded should contact the
Financial Aid Work Study office in R-122 for job placement. A • Independent undergraduate student (and a dependent student
minimum of half-time enrollment status (6-8 hours) per standard whose parents have applied for but were unable to get a PLUS
term is required for consideration. Community Service work Loan:
study positions are available; if interested, advise the work study o $9500 if you’re a first-year student enrolled in an eligible
placement specialist. program of study. No more than $3500 of this amount may be
in subsidized loans.
Santa Fe Scholarship o $10500 if you’ve completed your first year of study in an
This institutional scholarship is awarded to out-of-district associate degree program. No more than $4500 of this
students with early application as funds are available. Students amount may be in subsidized loans.
must be taking course work required for their major; however, any o $12500 if enrolled in a bachelor degree program of study. No
enrollment status will be considered when determining awards. more than $5500 of this amount may be in subsidized loans.
Loan Proration
Loans are Financial Aid Loan proration is a reduction of the standard annual loan limit
William D. Ford Federal Direct Loan for an undergraduate student. Proration of the loan amount is
(Direct Loan Program) required if the student’s program, or the remainder of the student’s
Santa Fe College participates in the William D. Ford Federal program, is less than a full academic year (24 credits) in length.
Direct Loan and the lender is the U.S. Department of Education.
Fees may be deferred and books may be charged to accepted Over a four-year period beginning July 1, 2008, the interest rate
loans. The amount of the deferment will be limited to the net loan on subsidized Stafford Loans made to undergraduate students will
disbursed. A minimum half-time enrollment status (6-8 hours) be reduced. The applicable interest rates for loans made during
per standard term is required for consideration. The loan will be this period are as follows:
disbursed in two installments, and no installment will be greater
than half the loan amount. First disbursement of a loan*:
A subsidized loan is awarded on the basis of financial need. Made on or after And made before Interest rate on the
If you’re eligible for a subsidized loan, the government will pay unpaid balance
(subsidize) the interest on your loan while you’re enrolled at least July 1, 2008 July 1, 2009 6.0 percent
half time, for the first six months after you cease to be enrolled at July 1, 2009 July 1, 2010 5.6 percent
least half time, and if you qualify to have your payments deferred. July 1, 2010 July 1, 2011 4.5 percent
Depending on your financial need, you may borrow subsidized July 1, 2011 July 1, 2012 3.4 percent
money for an amount up to the annual loan borrowing limit for
your level of study (see below). These changes apply to subsidized Stafford Loans first disbursed
You might be able to borrow loan funds beyond your subsidized on or after July 1 of each year through June 30 of the next year.
loan amount even if you don’t have financial need. In that case, This change does not affect any prior loans made to borrowers;
you’d receive an unsubsidized loan. We will subtract the total the terms and interest rates of those loans remain the same.
amount of your other financial aid from your cost of attendance These reduced interest rates apply only to subsidized loans; any
to determine the amount of your unsubsidized loan. Unlike a unsubsidized Stafford Loan for the same undergraduate borrower
subsidized loan, you are responsible for the interest from the time would continue to be made at the current fixed interest rate of 6.8
the unsubsidized loan is disbursed until it’s paid in full. You can percent.
choose to pay the interest or allow it to accrue (accumulate) and be *For loans that are first disbursed between July 1, 2009 and June
capitalized (that is, added to the principal amount of your loan). 30, 2010, there is a fee of up to 1.0 percent of the loan, deducted
Capitalizing the interest will increase the amount you have to proportionately from each loan disbursement.
repay. If this is your first Federal Direct Loan, you must sign a Master
You can receive a subsidized loan and an unsubsidized loan for Promissory Note (MPN), a binding legal document that lists the
the same enrollment period as long as you don’t exceed the annual conditions under which you’re borrowing and the terms under
which you agree to repay your loan. You may access a promissory your repayment schedule. If you don’t, you could end up in default,
note and submit it online at http://dlenote.ed.gov. If you are unable which has serious consequences. Student loans are real loans—
to complete the MPN online, contact the Financial Aid Office for just as real as car loans or mortgages. You have to pay back your
assistance. You must also complete and transmit the results of your student loans.
online loan orientation at www.sfcollege.edu/financialaid/orientation.
php.
Get Your Loan Information
The U.S. Department of Education’s National Student Loan Data
30-Day Hold System (NSLDS) allows you to access information on loan and/
Generally, if you’re a first-year undergraduate student and a first- or federal grant amounts, your loan status (including outstanding
time borrower, SF will hold your first payment until 30 days after balances), and disbursements made. Go to www.nslds.ed.gov.
the first day of your enrollment period. This practice ensures you
won’t have a loan to repay if you withdraw during the first 30 days Federal Parent Loans to
of classes.
Undergraduate Students (PLUS)
Borrower Responsibilities SF requires students to complete the FAFSA and have a valid
You must keep SF and the federal government informed of any SAR on file to process a PLUS Loan. For lender information you
changes in your: may search Google for Federal PLUS Loans. This federal student
1) Name loan program for parents of dependent students enables parents
2) Permanent address to borrow from a lending institution for the students’ education.
3) Name and address of expected employer
Students will not be able to charge tuition or books against
4) Address of next of kin
the PLUS loan. The award limit is the college budget less other
5) Change in enrollment status to less than half time
financial aid. A minimum half-time enrollment status (6-8 hours)
How will I get the loan money? per standard term is required for consideration and students must
For both the Direct Loan and FFEL programs, you’ll be paid meet minimum standards of Satisfactory Academic Progress.
through your school in at least two installments. No installment
may exceed one-half of your loan amount. Your loan money must Policies That Affect You
first be applied to pay for tuition and fees, room and board, and
other school charges. If loan money remains, you’ll receive the Satisfactory Academic Progress for Financial Aid
funds by check or in cash, unless you give the school written Recipients—Minimum Standards
authorization to hold the funds until later in the enrollment period. Federal and state regulations require that students meet mini-
A school with a cohort default rate of less than 10 percent for mum standards in order to be eligible to receive financial aid
each of the three most recent fiscal years for which data are funds. The minimum standards at SF are defined below and are
available is not required to delay the delivery or disbursement of applied to all financial aid programs administered by the college,
the first disbursement of a loan for 30 days for first-time, first-year except those programs where eligibility requirements are defined
undergraduate borrowers. by institutional or outside donor guidelines:
1. Students must meet an academic performance requirement of
Repaying Your Loans at least a 2.0 all college cumulative grade point average (GPA).
After you graduate, leave school, or drop below half-time 2. Students must make progress toward their degree. Minimum
enrollment, you have a period of time before you have to begin progress toward a degree requires initial year financial aid
repayment. This “grace period” will be six months for a Direct applicants who have previously attended SF to earn 67 percent
Stafford Loan. (If you’re a parent reading this and you have a FFEL of registration attempted at SF.
or Direct PLUS Loan, you don’t have a grace period and generally 3. Minimum progress toward a degree requires continuing
must begin repayment within 60 days after the loan is fully financial aid recipients to earn 67 percent of credit hours
attempted during the current academic year for renewal
disbursed.)
eligibility. If a continuing financial aid recipient completes zero
You have a choice of repayment plans (page 6). Your monthly credits/hours for any funded term during the academic year,
payment will depend on the size of your debt and the length of then he or she will lose all subsequent financial aid awarded
your repayment period. “Funding Education Beyond High School: for that academic year.
The Guide to Federal Student Aid” explains available repayment 4. Students must complete their educational objective within
options, includes examples of monthly payments for different a given time frame. This limit is effective whether or not
loan amounts, and covers other topics you need to consider when financial aid has ever been applied for or received.
managing your loans. This guide can be found at http://studentaid. a. All transfer credits as well as all SF attempted course work
ed.gov/students/publications/student guide/index.html. To use the will be included as attempted credit hours.
calculator to determine your repayment amounts under each of b. All A.A., A.S. and A.A.S. degree-seeking students have a
maximum of 90 attempted credit hours.
the different repayment plans go to www.ed.gov/offices/OSFAP/
c. All vocational and certificate (i.e. any 6000 to 7999 program
DirectLoan/calc.html. code such as program code 6507 Office Systems Specialist)
Exit Counseling seeking students have a maximum of 45 attempted credit
hours or less.
Exit counseling builds on the information provided during
d. All B.A.S. degree-seeking students have a maximum of 180
entrance counseling by reviewing Stafford loans, repayment
attempted credit hours.
options, rights and responsibilities and the consequences of
default. Exit counseling helps students gain the fundamentals Effect of Incomplete Grades, Withdrawals, Remedial
they need to understand and manage their student loan debt. The Course Work, and Course Repeats
institution is required to conduct exit counseling for every student A student who has no completed credit hours and has
at the school who borrowed a Stafford loan if the student ceases to incompletes in a term has 20 school days from the first day of
be enrolled at least half time. classes of the following term to make up the incomplete grades
You’ll receive exit counseling information through your in order to continue receiving funds. Reinstatement of awards
eSantaFe account and/or via mail. It is important that you is contingent on a funds-available basis and it is the student’s
complete exit counseling to understand repayment options and responsibility to notify the Financial Aid Office in writing within
your rights and responsibilities as a borrower. We can’t emphasize the time frame.
enough the importance of making your full loan payment on time If grade changes or incomplete grades made up after the time
either monthly (which is usually when you’ll pay) or according to frame should affect subsequent terms or academic year eligibility,
8
students must notify the Financial Aid Office in writing of such 1. A request must be submitted by the student in writing to the
changes. Financial Aid Office.
Withdrawals from any course(s) will be counted in the total 2. The circumstances which prevented satisfactory progress must
credit hours attempted and may result in failure to meet the be clearly stated.
standards of satisfactory academic progress. Students must follow 3. The request must include documentation to support
the exceptional circumstance, such as death certificate,
the official withdrawal procedures established by the college.
statement from physician, or other verifiable information. All
Course repeats will be counted in the total attempted credit documentation is subject to verification by the Financial Aid
hours. See Grades and Reports in the Academic Affairs section of Office.
the college catalog for additional information. 4. Once the review has been made the student will be notified of
Funding for remedial course work will be limited to 30 credit the result of the review.
hours regardless of whether or not the student received any
financial aid for these remedial (college preparatory courses) Transfer Student Evaluation
credit hours. For students receiving financial aid, federal All transfer credits as well as all SF attempted course work will
regulations place no limit on the number of ESL (English as a be included as attempted credit hours.
Second Language) credit hours a student may take. Remedial Transfer students applying for financial aid must have at least an
and ESL course work are treated the same as other courses for all college cumulative 2.0 GPA after transfer credits are evaluated
satisfactory academic progress purposes. Grades received in these to be eligible to receive financial aid funding. Transfer students
courses will be used in calculating a GPA and hours attempted will with less than an all college cumulative 2.0 GPA and attempting to
be used to determine the percent of completion. Remedial and ESL qualify for aid in subsequent terms must either:
course work will be counted when determining the maximum time 1. Raise the all college cumulative GPA to at least a 2.0 or
2. Earn a minimum term GPA of 2.5 for enrollment of at least half-
frame for receiving financial aid.
time status. (This must be performed the first term enrolled at
Reinstatement SF.)
If a student is denied/suspended from financial aid, the student Postsecondary Adult Programs (PSAV)
must attend a semester or semesters on unaided status until • PSAV programs greater than or equal to 900 clock hours:
minimum standards are met. Course work in these PSAV programs will be converted to
credit hours for financial aid payment and will follow the same
Determination of Continued Eligibility satisfactory academic standards as noted above for other credit
programs.
Probation/Suspension
• PSAV programs 600 to 899 clock hours: Course work in these
Students will be monitored for an all college cumulative 2.0 GPA,
PSAV programs is based on clock hour attendance. Students
67 percent completion of credit hours attempted and maximum
receiving financial aid must successfully complete the clock
time frame at the end of every term. Failure to maintain an all
hour course work with a 2.0 GPA for each class funded before
college cumulative 2.0 GPA or failure to earn 67 percent completion
additional payment can be made. Duration of eligibility will be
will result in a probationary status that remains until the final
limited to the length of the program.
review is performed. Students who complete zero credit hours or
reach the maximum time frame will be suspended/denied from
financial aid. Federal Repayment Policy
A final review of satisfactory progress will occur at the end of the As a result of the Higher Education Act of 1998, a student who
student’s award year. Students who do not meet the above stated completely withdraws from classes may be required to repay a
minimum requirement will be suspended from receipt of financial percentage of financial aid funds received.
aid. The Registrar’s Office, located in R-101, is the designated office
Students who have reached the maximum time frame in their to contact about withdrawing from the college. Office hours are 8
program of study may appeal for consideration of any further a.m. to 4:30 p.m. Monday through Friday. For official withdrawal
financial aid. procedures, please see the college catalog.
A student will not be eligible for renewal of financial aid if College refund policy dictates that fees will be refunded in full
minimum standards were not met for the prior funded year even for course work dropped during the drop with a refund date or
if the cumulative hours earned (entire SF academic record) is 67 canceled by the college. However, the federal repayment policy
percent of all attempted hours. supersedes the college refund policy for students receiving federal
A student who is suspended because of zero credit hours or financial aid and completely withdrawing from the college.
less than 67 percent completed must attend, unaided, until the In general, a portion of federal student financial aid (Title IV)
completion deficit points are made up for the prior funded year. grant or loan funds, but not federal college work study funds, must
Students must have an all college cumulative 2.0 GPA in order to be returned to the Title IV programs upon a recipient’s withdrawal
continue receiving financial aid. from school. Simply put, any Title IV financial aid recipient who
Students have the right of appeal if circumstances warrant withdraws within the first 60 percent of the payment period
further review. measured in calendar days owes a portion of unearned aid back to
the federal government. The college will also owe a percentage of
the refund of the institutional costs. Any amount that the college
Appeal repays will be billed to the student.
Students have the right to appeal a financial aid denial or
All students receiving Title IV assistance who completely
suspension if they have special circumstances that prevented them
withdraw are subject to the federal repayment law. This law uses
from meeting the satisfactory academic progress requirements.
the terms “earned” and “unearned” Title IV funds when relating
Circumstances that may be considered for this appeal include:
the amount of assistance applicable to the percentage of time
death in the student’s immediate family, medical emergencies,
enrolled. It is the unearned portion that becomes the focus of the
accidents, divorce or separation of parents, personal tragedy, or
Return of Title IV Funds formula.
other documented circumstances beyond the student’s control
The school must first determine the percentage of Title IV
that prevented him or her from meeting the minimum standards.
assistance the student earned. Up through the 60 percent point
Procedure for Review in time, the percentage of assistance earned is equal to the
In order to appeal the decision on this basis, the following percentage of the payment period completed as of the day the
procedures must be used: student withdrew. If the withdrawal occurs after the 60 percent
9
point, then the percentage earned is 100 percent, and no refund/ Aid for Native American Students
repayment is required. The difference between the earned Title www.finaid.org/otheraid/natamind.phtml
IV assistance and 100 percent equals the percentage of unearned Scholarships Information
Title IV funds that are therefore subject to repayment by the http://studentaid.ed.gov/PORTALSWebApp/students/english/
school and/or the student. Any required repayment is allocated scholarships.jsp?g
back to the Title IV programs in order specified by law.* A student Scholarship Scam Alert
must repay the portion of the original grant overpayment that www.ed.gov/about/offices/list/oig/misused/sscams.html
is in excess of half of the total Title IV grant funds that he or she Bright Futures
received or could have received. The student does not have to repay www.floridastudentfinancialaid.org/ssfad/bf/
grant overpayments of $50 or less per program. Any repayment of Florida Financial Aid Application
Title IV loans is to be repaid under the conditions of the existing www.FloridaStudentFinancialAid.org
promissory note. Selective Service System Online
A student who owes a grant repayment remains ineligible www.sss.gov
for further Title IV assistance until the grant is repaid, unless Title IV Code Search Page
the student and the U.S. Department of Education agree on a www.fafsa.ed.gov/FOTWWebApp/FSLookupServlet
satisfactory repayment arrangement. The U.S. Department of Student Gateway to the U.S. Government
Education allows a student to retain eligibility for 45 days from www.students.gov
the date that the institution sends the repayment notification to U.S. Department of Education SFA Ombudsman
the student. To continue eligibility past 45 days, the student will www.ombudsman.ed.gov/
either have to pay the overpayment in full or make satisfactory Florida’s Academic Counseling and Tracking for Students
arrangement with the U.S. Department of Education to repay. www.facts.org
For more specific information regarding this policy or for The National Scholars Honor Society
examples of the repayment formula, please contact the Financial www.CollegeHonors.org
Aid Office at (352) 395-5480. SF Career Resource Center’s Scholarship Information
*Return Title IV funds in the order as specified by law: http://www.sfcollege.edu/student/crc/index.
1. Unsubsidized Federal Stafford Loans php?section=scholarships
2. Subsidized Federal Stafford Loans
3. Unsubsidized Direct Stafford Loans How Will I Get My Money?
4. Subsidized Direct Stafford Loans Financial aid checks are mailed to the student’s current address
5. Perkins Loans on file with the Registrar’s Office approximately three working
6. Federal PLUS Loans days after the drop with a refund date and as soon as aid is
7. Direct PLUS Loans available. Please keep your mailing address up to date to prevent
8. Federal Pell Grant your check(s) from being lost or returned in the mail. Federal Pell
9. Academic Competitiveness Grant Grant, Academic Competitiveness Grant (ACG) and William D.
10. Federal SEOG Ford Federal Direct Loans disbursements must be accepted by the
11. Other Title IV assistance federal government prior to checks processing. Florida Student
Assistance Grant, Bright Futures and other state scholarship
checks will be processed as funds become available and internal
Financial Aid Resources reporting is completed. SF Foundation Scholarship checks will be
FAFSA on the Web processed mid-semester.
For federal program information, help in filling out the FAFSA Financial aid checks will not be mailed to students owing an
application, requesting a duplicate Student Aid Report (SAR), obligation to the college. If you owe an obligation, you will be
change of address, adding schools, or query status: notified and should resolve the issue. Once your issues have been
(800) 433-3243 resolved, your check may be picked up at the Cashier’s Office. You
TTY (800)730-8913 are responsible for any debt or overpayment occurring as a result
www.fafsa.ed.gov/ of your error or institutional error. The Cashier’s Office is located
in the Alan J. Robertson Administration Building, room 52, and is
FAFSA on the Web Customer Service open for business Monday through Friday 8:15 a.m. to 4 p.m.
www.fafsa.ed.gov/contact.htm
Federal PIN Registration Additional Information
www.pin.ed.gov
Anti Drug Abuse Act
National Student Loan Data System (NSLDS) Students should be aware that, if convicted of a drug felony, they
www.nslds.ed.gov/ may lose eligibility for federal financial aid programs.