2016-1017 Interactivewfp - page 24

2016-2017______________________________________________________________ EASTERN IDAHO TECHNICAL COLLEGE
23
Semester Financial Aid
Enrollment Status
Required Financial Aid
Credit Hour Completion
Full-time = 12 (or more)
credit hours
9 credit hours
Three-quarter time = 9-11
credit hours
6 credit hours
Half-time = 6-8 credit hours
6 credit hours
Less than Half-time = 1-5
credit hours
Complete all credits
Semester Financial Aid
Enrollment Status
Required Financial Aid
Credit Hour Completion
Summer Full-time = 6 (or
more) credit hours
5 credit hours
Summer Three-quarter time
= 5 credit hours
4 credit hours
Summer Half-time = 3-4
credit hours
3 credit hours
Summer Less than Half-time
=1-2 credit hours
Complete all credits
Withdrawal Policy:
Students at EITC who receive federal
financial aid and withdraw will have refunds calculated
according to federal guidelines. This will help determine the
largest refund to the Federal Student Financial Aid Programs or
to the student.
All other federal financial aid recipients will have refunds
calculated according to state or US Department of Education
approved accrediting agency refund policies if they exist. If
no state or US Department of Education approved accrediting
agency refund policy exists, refunds will be calculated according
to federal or institutional refund guidelines in order to determine
the largest refund to the Federal Student Financial Aid Programs
or to the student.
If a student contacts the EITC Financial Aid Office for
withdrawal, they will be referred to the Registrar. Students
who withdraw from one or more courses within the first week
of school must notify the Financial Aid Office and return
over-awarded funds to the Cashier’s Office at the time of the
withdrawal. No adjustments to financial aid will be made after
the first week of each semester. Students who totally withdraw
from their courses after the first week of each semester are
subject to the return policy of the federal government and may
be required to return a portion of their awards. Students who
receive financial award disbursements and do not attend classes
are not eligible for funds and must return to the institution any
award money received.
Withdrawal Policy for Module Courses:
A module course is a
course that does not span the entire 16 week semester. Please be
aware there are financial consequences for early withdrawal or
failure of a module course that may include payback of financial
aid funds received. If a student enrolls in a module course and
needs to withdraw from that course for ANY reason, they must
NOTE:
Independent students may also qualify for these
additional amounts through the Unsubsidized Direct Loan
Program. Dependent students may also qualify if their parents
cannot obtain a PLUS Loan.
Aggregate Maximum (Effective July 1, 2008)
Undergraduate Dependent Student: $31,000 (no more than
$23,000 of which can be subsidized).
Undergraduate Independent Student: $57,500 (no more than
$23,000 of which can be subsidized).
FINANCIAL AID ELIGIBILITY
Standards of Academic Progress (SAP):
Students must meet
all requirements listed to be in good standing for financial aid.
Maximum Time Frame/Pace of Completion:
Students must progress through their program to ensure that they
will graduate within the maximum time frame (150% of program
credits) for example:
• 96 credits for an associate degree and
• 48 credits for a one year certificate program
The financial aid office will evaluate students at the end of each
semester, to make sure they have not exceeded 150% maximum
time frame allowed for each program. Students who change
from one program to another without graduating will have their
attempted credits and completed credits in the calculation to
determine where they stand with the 150% maximum time
frame.
Students graduating from one program and beginning a new
program will have their 150% maximum time frame restart, for
the new program.
Enrollment status for financial aid remains the same fall, spring,
and summer:
Full-time: 12 or more credits per semester
3/4 time: 9-11 credits per semester
1/2 time: 6-8 credits per semester
Less than 1/2 time: 3 credits per semester
Academic:
Students must be accepted into an eligible EITC
program. (Note: Workforce Training/Community Ed courses are
not eligible for financial aid.) Students must maintain at least a
cumulative GPA of 2.00 and meet the academic standards of the
institution.
Progress Eligibility:
In addition to maintaining academic
standards, all students receiving federal financial aid will be
required to satisfactorily complete (receive grades other than D+,
D, D-, F, AU, CH, IC, S, I, or W) a specified number of credits
within their program of study per semester based on the number
of credits enrolled during that semester. For the purpose of
financial aid, credit hour completion is classified according to the
following schedule.
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