Major changes for the 08-09 School Year

Financial Aid

For students who register for both terms at once, all grants and loans will pay to their accounts the first term of the semester.

Grants and loans will be divided by three instead of six terms.

Students will receive three refund checks in a year instead of six.

The award letter will break out the student's per-term enrollment on top the same as it does this year. However, on the bottom, where the actual loan and grant amounts are currently broken out by a per-term amount, it will simply say "Fall", "Spring" or "Summer" and their entire semester allotment will be shown under each heading.

Students who take one four-credit class per term will not have to wait until the second term to receive their loan and grant money, as long as they register for all eight credits at the beginning of the semester.

However, if a student is awarded for a total of eight credits in a semester (four credits term 1 and four credits term 2) but only registers for four credits term 1, they will not receive loan money until they register for term 2.

Students will want to make sure they are registering for the correct amount of credits when they register for both terms since their loan money is going to pay the first term. If they should drop or add a class the second term, their grant and loan amounts will probably change.

Adhering to the per-semester enrollment plan is very important! All loans and grants will be based on the number of credits the student registers for before the semester begins. We can't stress enough that there could be major financial aid changes if a student registers for more or less credits the second term of a semester.

Student Accounts

Refund checks are processed for the entire semester (term 1 + term 2) beginning the third week of the first term of each semester.

Electronic billings are updated every Tuesday and Friday for new changes in billing (new charges for dropping, adding or registering for classes, etc.).

Students who have unpaid balances and are not set up on a payment plan will have registration holds placed on their accounts by the third week of each 8 week term.

A 1% late fee will go on a student's account the second Wednesday of each 8 week term if they have a balance owing and are not set up on a payment plan.

Registration

The only major change will be that students will need to register for both terms at once.

The refund policy for dropping a class in a term will be:

First week - 100% refund

Second week - 75% refund

Third week - 50% refund

Fourth week - 25% refund

Fifth week and on - 0% refund