2014-2015 Student Financial Aid Application Procedures
How Awards are Determined
Once the student submits the FAFSA, it is processed by the U. S. Department of Education to determine the student's eligibility. In approximately three to six weeks, Jefferson State and the student will receive a Student Aid Report (SAR).
Please note that Jefferson State will contact the student via U.S. Mail concerning institutional documentation but it is the student's responsibility to contact the Financial Aid Office after receiving their SAR.
Students are also reminded that they may be asked to verify information they submit on the FAFSA. Awards are determined using the "Expected Family Contribution" (EFC) found on the SAR; this is the amount that the student and his family should be able to contribute to educational expenses. The college has established cost of attendance estimates for various categories of students. A financial aid officer will compare the students EFC to Jefferson State's cost of attendance to determine the student's eligibility for federal financial aid.
Federal Pell Grant payments are prorated according to the number of hours a student takes each semester.
- Students receive 25% of award when taking less than 6 semester hours.
- Students receive 50% of award when taking 6-8 semester hours.
- Students receive 75% of award when taking 9-11 semester hours.
- Students receive 100% of award when taking 12 or more semester hours.
Students should register for classes that lead to the completion of the designated major. Financial Aid will not pay for classes taken outside of the student's major.
Repeating course Policy for Financial Aid
A new federal regulation limits the number of times a student may repeat a course and receive financial aid for that course.
If a student gets a 'W' or an 'F' in a course, that student is allowed to repeat the course and receive financial aid (assuming he/she is meeting Satisfactory Academic Progress) until he/she receives a 'D' or better. Once the student has received a 'D' grade or better, he/she can repeat the course a second time and still receive federal aid. The third time the student repeats a course in which he/she has earned a 'D' or better, this course is no longer eligible for Title IV funds.
The hours associated with the repeated course will be excluded from the student's enrollment status for financial aid award purposes. However, this attempt is not excluded from the calculation for Satisfactory Academic Progress.
Listed below are a few scenarios for example purposes:
- D, C - If the student repeats the course again, that course is no longer eligible for financial aid.
- F, F, D, W, B - If the student repeats the course again, that course is no longer eligible for financial aid.
- F, F, D, B - If the student repeats the course again, that course is no longer eligible for financial aid.
- F, D, W, F, C -If the student repeats the course again, that course is no longer eligible for financial aid.
If a student retakes a course that is not aid eligible, a recalculation of aid is completed to exclude the credits for the repeated course. This rule applies whether or not the student received aid for earlier enrollments in the course.
All repeated courses affect financial aid Satisfactory Academic Progress calculations. A repeated course, along with the original attempt, will be counted as attempted credit hours.
A transient student is a student who attends another college and will be in attendance at Jefferson State one semester and then return to their home institution. Transient students are not eligible to receive financial aid at Jefferson State.