|
OFFICE OF FINANCIAL AID TERMS AND CONDITIONS
YOU ARE RESPONSIBLE FOR READING AND UNDERSTANDING THE FOLLOWING INFORMATION:
USE OF FUNDS: Student aid funds are made available for purposes directly related to obtaining an education at Fort Lewis College. This includes: tuition, fees, books and supplies, basic living expenses and modest personal expenses. Use of these funds for purposes other than the above will be considered cause for revocation of any assistance offered.
The Office of Financial Aid reserves the right to review and adjust or cancel awards at any time due to changes in financial, marital, transportation or academic status. All awards are contingent upon the availability of funds and are subject to change for this reason.
SATISFACTORY PROGRESS: Students must complete a minimum number of credit hours with a 2.00 ( C ) GPA. Students receiving scholarship funds must maintain the GPA required for that fund. You must be enrolled in at least 12 credit hours per term to receive most types of aid. If you enroll for less than 12 hours you must notify the Office of Financial Aid in writing prior to the start of the term. Students not maintaining the required hours and/or GPA are subject to probation/suspension as outlined in the financial aid handbook. All students receiving funds are required to read and understand this policy.
MEASURABLE PROGRESS: A student receiving financial aid is required to be enrolled in an eligible degree or certificate program. The student may receive financial aid for up to 150% of the length of their program. The student must be making measurable progress toward this educational goal. More detailed information is available in the financial aid handbook.
FUNDS/WITHDRAWALS: A student who totally withdraws from school is obligated to notify the Office of Financial Aid prior to withdrawal. If a student is eligible for a tuition refund, any amount paid by financial aid funds will be returned to the appropriate account. Tuition refunds for Federal Family Education Loan Program recipients will be returned directly to the lending institution. Repayment of any other fund is determined by the Office of Financial Aid. Details of this policy and procedure for repayment are in the financial aid handbook. Students who totally withdraw from school are subject to probation and/or suspension as stated in the Satisfactory Progress Policy.
APPEALS: All financial aid determinations are subject to review. These appeals should be made in writing and submitted to the Office of Financial Aid.
DISBURSEMENTS: Student aid funds will be used to first meet any tuition, fee and other institutional charges. Any remaining grant, scholarship or loan funds will be made available on the first day of classes at the Cashier’s Office. All funds are disbursed through this office.
Work study funds must be earned on a job and are not available until the student has begun working.
If you have been awarded a Federal Perkins Loan, you must sign a promissory note before it will be credited to your account. You will be notified when this promissory note is available for you to sign online.
TAX INFORMATION: Retain copies of this award notice and all receipts for tuition and fees, and for books and supplies. This financial assistance may be considered as taxable income. For further information contact your IRS office.
RENEWAL: Financial aid awards are made for one year or less. All recipients must reapply for assistance each year.
You can access your Fort Lewis College financial aid records by logging on to WebOpus at www.fortlewis.edu. |