H.L. Hunley Topic of February 23 Presentation at Tri-CountyRead More
- Deadline to turn in Summer 2015 Appeals is May 6, 2015 by 5pm.
Students are responsible for reading and understanding this document:
Not all programs are eligible for all types of financial aid. Many certificate programs and some diploma programs are not eligible for Federal Student Aid. Below are lists of what TCTC Academic Programs qualify for Federal Student Aid. If you have further questions about financial aid and your program, please contact the Financial Aid Office.
Program Eligibility for 2014
Avoid Owing Money Back
- If student withdraws from classes, money will likely be owed to the College and to the Department of Education.
- Contact Financial Aid office before you withdraw from classes.
- If student owes any federal funds as a result of withdrawing from classes, financial aid will be suspended at any college (including Tri-County) until the debt is paid.
- Dropping classes is permitted during the drop/add period. This is usually during the first week of class.
- After drop/add period, student must withdraw from classes.
- If student is to receive a refund, this is handled at the Business Office in Miller Hall.
- There is a $25 administrative fee when processing refunds.
- Recipients of Federal Title IV funding such as Pell grant, ACG grant, SEOG grant, Stafford loans, etc. who withdraw from all classes before 60% completion of the term are federally obligated to pay back these funds.
- Students also are required pay back funds if they stop attending all classes or fail to pass any of their classes.
- Financial aid is suspended until the debt is paid.
Satisfactory Academic Progress
In order to receive financial aid students must make Satisfactory Academic Progress (SAP) according to Federal Guidelines. No financial aid is awarded as long as a student is under Unsatisfactory Academic Progress. Students are allowed two appeals during their enrollment at the College. See Appeal Form (attach link) for more information.
Required Standards for SAP - ALL three (3) must be met to remain in good standing.
· Grade Point Average (GPA) - Students are required to maintain an institutional GPA of 2.0.
· Pass Rate - Students are required to maintain a 67% cumulative pass rate.
· Maximum Attempted Hours - Students are required to complete their degree/diploma/certificate within 150% of the required program of study. Example: a student enrolled in a 60 credit hour program is eligible until 90 credit hours are attempted (60 x 1.5 = 90).
· Good Standing - Student is maintaining a cumulative 2.0 GPA. Student is successfully completing a minimum of 67% of all cumulative coursework attempted. Student has not exceeded Maximum Attempted Hours.
· Warning - Student did not meet one or more of required standards.
· Suspension - Student did not meet one or more of required standards after warning status. Student aid is terminated immediately.
· Academic Plan- If appeal is approved the student must meet academic plan set by the review committee every semester to regain a financial aid status of 'good standing.'
· Approved Extension of Cumulative Hours- Financial aid is extended for approved hours. Students must continue to meet SAP requirements and/or academic plan set by the review committee. Students must adhere to the degree plan set on the appeal by their academic adviser.
· Appeal Denied - Student will not receive federal student aid.
· Students who receive a failing grade in a class can repeat that class but it will affect the student's completion rate. Number of repeat classes is considered by the review committee when a student is submitting an appeal for loss of financial aid.
· Classes repeated to improve a passing grade may be repeated one (1) additional time only.
For SAP Policy information click here (SAP Policy- PDF)
SAP Appeal Form (PDF) *Academic Improvement/Graduation plans must be created, saved, and locked in Degree Works by your faculty advisor.*
- The SAP appeal deadline is May 6, 2015 by 5pm.
- The Financial Aid priority date, for summer, is April 7, 2015. Appeals submitted by April 7th are guaranteed decisions by May 6, 2015, which is the fee payment deadline for the Summer 2015 term.
Defaulting on Student Loans
- Students are not eligible to receive any financial aid when their student loans are in default status.
- This includes loans as well as Federal and State grants.
"I'm in default on a student loan! What to do?"
- Check the National Student Loan Data System (NSLDS) for more information.
- Contact your lender.
- If you do not know the lender, contact the Dept. of Education at 1-800-621-3115.