Financial Aid Questions and Answers

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v  What is Financial Aid?

v  Does it Cost to Apply for Financial Aid?

v  How do I apply for Financial Aid ?

v  What is Sampson Community College’s Title IV School Code?

v  What documents do I need to apply for aid?

Information Needed to Fill Out the FAFSA

 

v  How do I know if I am classified as a Dependent Student?

v  Can I apply for Financial Aid on the Phone?

v  How long does it take for the processing center to† process the FAFSA and what happens next?

v  When will the College notify me of my financial aid status?

v  When and how often must I apply for aid?

v  Who should I contact if I have questions or problems regarding FAFSA on the Web or specific questions about the FAFSA?

v  Can I get help filling out the FAFSA application?

v  What programs of study at SCC are eligible for federal financial aid?

v  How will I know how much aid I have been awarded?

v  How do I use my financial aid when I register?

v  Can a student be enrolled at Sampson Community College and another college during the same semester and receive financial aid at both colleges?

v  When and how is aid disbursed?

v  How is attendance verified for financial aid students?

v  What if my files are incomplete by the time the semester starts?

v  Am I required to maintain a certain GPA or complete a certain amount of hours to continue to receive financial aid?

v  Please provide an example of a student on ACADEMIC WARNING and ACADEMIC PROBATION.

v  What happens if I donít finish a term in which I receive Financial Aid?

v  When are the SCC† Scholarship Applications Available?

 


 

 

What is Financial Aid?

There are two main types of financial aid---Gift Aid and Self-Help Aid.

Gift aid consists of grants and scholarships. This gift money usually does not have to be repaid as long as the requirements placed on the student are met.

Self-help aid includes loans and work-study. Students are responsible for repaying funds borrowed or working for wages through a campus-designated position. 

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Does it Cost to Apply for Financial Aid?

No.† There is no charge to complete the FAFSA (Free Application for Federal Student Aid).

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How do I apply for Financial Aid ?

STEP 1:† Complete and submit the Sampson Community College Admissions Application.† Students MUST use the same name and mailing address on the admissions application and the FAFSA (Free Application for Federal Student Aid).† The Financial Aid Office will not be able to notify students of their financial aid status until the admissions application is on file in the Admissions Office.

STEP 2: Gather the following documents required to complete the FAFSA.

         Social Security number

         Parentís Social Security number (if you are dependent)

         Driverís license number (if you have one)

         Alien Registration Number (if you are not a U.S. citizen)

         Federal tax information or tax returns for the prior year—including W-2 information for yourself, your spouse (if married) and your parents (if you are dependent)

         Records of untaxed income for the prior year

         Information on your savings, investments, and business and farm assets, and for your parent(s) if you are dependent

 

STEP 3:Choose one of the following how you want to provide the required signature(s), electronic signature(s) or printing and mailing a signature page for the FAFSA to be processed. The studentís signature is required, and a parentís† signature is also required if the applicant is classified as a dependent student.†

         If electronically signing the FAFSA, the student and a parent, if required, may apply for a PIN number at www.pin.ed.gov.††

         If printing a signature page, students will be prompted to print the signature page at the end of the FAFSA entry process.

 

STEP 4: Apply online at www.fafsa.ed.gov †-† (DO NOT USE www.fafsa.comit is a scam and requires students to pay a fee!)

 

 

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What is Sampson Community Collegeís Title IV School Code?

007892

 

 

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What documents do I need to apply for aid?

         Social Security number

         Parentís Social Security number (if you are dependent)

         Driverís license number (if you have one)

         Alien Registration Number (if you are not a U.S. citizen)

         Federal tax information or tax returns for the prior year - including W-2 information for yourself, your spouse (if married) and your parents (if you are dependent)

         Records of untaxed income for the prior year

         Information on your savings, investments, and business and farm assets, and for your parent(s) if you are dependent

 

 

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How do I know if I am classified as a Dependent Student?

Dependent Students must meet all of the following:

         Be under the age of 24

         Never married

         Not have children that you provide more than half of their financial support

         Have both parents still living

         Not have a bachelorís (4-year) degree

         Not be an orphan or ward of the court at age 18

         Not be a veteran of the U.S. Armed Forces

If the student meets all of the above, both the student’s information and your parent(s)' information must be used when applying for aid.

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Can I apply for Financial Aid on the Phone?

Yes.† Students that do not have internet service may call the Federal Student Aid Information Center (FSAIC) at 1-800-4-FED-AID (1-800-433-3243) and receive assistance from customer service representatives in completing the FAFSA.† Students should have the required information available to give to the representative.† The application process on the phone takes approximately 30 minutes.

 

 

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How long does it take for the processing center to  process the FAFSA and what happens next?

If students provided an email address, an electronic acknowledgement to the email address should be sent within two weeks after submitting the FAFSA online or after the printed signature page was mailed.† If no email address was provided, a Student Aid Report (SAR) will be mailed to the student.† Once the student is notified, the student, and parents if required, must review the processed information for accuracy.† If electronic corrections need to be made, students must access www.fafsa.ed.gov and go to Step 3:† Make Corrections to a Processed FAFSA.† Students that received a SAR in the mail must make corrections on the SAR, provide the required signature(s) and mail to the address listed.

 

 

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When will the College notify me of my financial aid status?

Once the Financial Aid Office electronically receives the processed FAFSA information, the student will be notified via mail of your status.

         Students Selected for Verification – Students, and parents if applicable), must submit required documents to the Financial Aid Office

         New students/transfer students must complete admissions requirements (Contact Admissions)

         After the student and parents (if applicable) have submitted all required documents to the Financial Aid Office, students that are eligible for financial aid will be mailed a Financial Aid Award Letter.

 

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When and how often must I apply for aid?

Students must apply for financial aid each year. It is best to renew the FAFSA as soon as possible after January 1st for the upcoming academic year.†† It is best to apply as soon after the Federal Tax Return(s) are filed and before March 15 if possible; however, all students should have their FAFSA submitted by May 1 of each year.†

 

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Who should I contact if I have questions or problems regarding FAFSA on the Web or specific questions about the FAFSA?

Students should contact the Federal Student Aid Information Center for assistance by:

    Calling 1-800-4-FED-AID (1-800-433-3243). If you are hearing impaired call the TTY line at†† 1-800-730-8913.

    Selecting the “Customer Service Live” button below. Live customer service is also available throughout the application by selecting the “Live Help” link at the top of most application pages.

 

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Can I get help filling out the FAFSA application?

Yes.† Call 1-800-4-FED-AID (1-800-433-3243) for a customer service representative to answer any questions.

 

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What programs of study at SCC are eligible for federal financial aid?

Currently all Associate Degree and Diploma programs are eligible, but only certain certificate programs meet the eligibility criteria.† The certificate programs must contain at least 16 credit hours to be eligible for federal aid.

 

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How will I know how much aid I have been awarded?

Once your admissions requirements and financial aid file is complete, an award letter will be mailed specifying your amount and type of financial aid awarded.† One copy of the award letter must be signed and returned to the SCC Financial Aid Office.† You MUST keep the remaining copy for your records.

 

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How do I use my financial aid when I register?

Students are allowed to charge the tuition, fees, books, and supplies to their financial aid when registering for classes.† If students do not have sufficient financial aid funds to cover their expenses, the student must pay the balance owed before attending class(es).

 

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Can a student be enrolled at Sampson Community College and another college during the same semester and receive financial aid at both colleges?

NO†† The US Department of Education will not allow a student to receive financial aid at two schools during the same semester.† If a student plans to enroll at another college while attending SCC, the student must pay the tuition, fees, books, and supplies at the visiting college.† Then the student must bring the registration form and receipt from the visiting college to the SCC Financial Aid Office.† The Director of Financial Aid will submit a consortium agreement to the visiting college to verify enrollment and increase the studentís financial aid eligibility based on the total number of credit hours enrolled.

 

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When and how is aid disbursed?

The balance of each student’s’ Financial Aid Excess Check will be disbursed at the 30% of each semester.† Students must go to the Business Office on the designated dates and present their SCC picture identification to receive their check.

 

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How is attendance verified for financial aid students?

In order to receive a Pell refund check, a student must attend all semester classes. Class attendance is verified via drop/withdrawal forms submitted by the instructor(s) and the student. After class attendance has been verified the Financial Aid Office will process a studentís award based on the total credit hours enrolled at the time of payment.

 

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What if my files are incomplete by the time the semester starts?

The Financial aid Staff will exert every effort to complete student financial aid files prior to the start of the semester. All students who wish to apply for financial aid should start the process at least eight weeks prior to the start of the semester.

For students which apply just before registration may not have their financial aid processed by the US Department of Education in adequate time for the information to be received in the Financial Aid Office.† Once the processed financial aid information is received in the Financial Aid Office, federal policies and procedures must be performed in determining the studentís eligibility status.† Therefore, students that fall in this category are required to pay their registration and bookstore expenses on registration day, and are not allowed to enter class(es) until the full payment is made.

 

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Am I required to maintain a certain GPA or complete a certain amount of hours to continue to receive financial aid?

Yes. †††Sampson Community College requires all students to maintain a cumulative grade point average (GPA) of 2.00 at the end of each semester.† The Financial Aid Policies at SCC also requires students to maintain a 2.00 GPA at the end of each semester, AND students must pass 70% of the attempted registered credit hours each semester.

 

 

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Please provide an example of a student on ACADEMIC WARNING and ACADEMIC PROBATION.

EXAMPLE 1:† Student registers for 12 credit hours and is withdrawn from 5 credit hours.† The total hours completed is 7.† (12 credit hours x .70 =† 8.4 credit hours completed)† The 7 hours completed is less than the 8.4 required hours to be passed; therefore the student is placed on ACADEMIC WARNING.

EXAMPLE 2:† Student registers for 12 credit hours and passes all 12 credit hours.† However, the cumulative GPA is now less than 2.00.† The student is placed on ACADEMIC WARNING.

Once being placed on Academic Warning, the student has one semester to correct the reason(s) identified above to maintain Satisfactory Academic Progress.† Students can receive financial assistance during the Academic Warning period.† If the student does not make satisfactory academic progress during this warning period, the student will be then be placed on Academic Probation.

 

EXAMPLE 1 ABOVE:During the next semester of enrollment, the above student passed more than 70% of the credit hours and brought the cumulative GPA to 2.80.† The student passed all requirements and is no longer on Academic Warning.

EXAMPLE 2 ABOVE:† During the next semester of enrollment, the student’s cumulative GPA went down to 1.5.† The student is now placed on ACADEMIC PROBATION and is not eligible for financial aid.

 

Students on Academic Probation are ineligible for Federal, State, and Institutional financial aid programs.† Also students on Academic Probation will have a restriction placed on their account by the Financial Aid Office.† Before a student on Academic Probation can register for an upcoming semester, the student must schedule an appointment with a Counselor in Student Services to discuss their educational plans and the Satisfactory Academic Progress Standards that are set forth by the College.†† The restriction will be removed from the student’s account after confirmation of counseling with the Student Services Counselor.

For more information on the Satisfactory Academic Progress, please refer to ĒStandards of Academic Progress for Financial Aid RecipientsĒ in the current edition of the SCC Catalog and the Student Handbook.

 

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What happens if I donít finish a term in which I receive Financial Aid?

The US Department of Education requires all students that receive federal financial aid to complete a minimum of 60% of the semester.† Therefore, for students that completely withdraw from all classes or that stop attending all classes will be required to repay a portion of the financial aid funds that he/she received. The college is required to repay a portion of monies on the student’s behalf, and the student also may be required to repay the US Department of Education.

After the Financial Aid Office has received confirmation that a student has withdrawn before the 60% point of the semester, the necessary paperwork is completed and submitted to the Business Office.† The Business Office places a restriction on the studentís account which prevents the student from registering for an upcoming semester, receiving a transcript, or receiving other services from the College until the total balance is repaid to the College.

For students that owe the US Department of Education a balance in excess of $50, the Financial Aid Office notifies the USDOE, and enters the studentís information of the National Student Loan Database System.† Once notified, these agencies place a restriction on the student which prevents the student from receiving financial aid at any college in the United States.† Students are also flagged when applying for credit for loans, and will have tax refunds garnished to repay these overpayments.†

 

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When are the SCC† Scholarship Applications Available?

The SCC Scholarship Applications are available in September and are due in the Financial Aid Office by March 15 of each year.† The scholarships are awarded for the Fall and Spring Semesters of enrollment.

An applicant only needs to complete one application and list the name of all scholarships he/she would like to be considered for.† Incoming high school students must submit a current high school transcript, and all applicants are encouraged to submit a paragraph of ĒWhy I Should be Considered for a Scholarship.Ē† This important information is shared with the Scholarship Committee which is comprised of various staff and faculty of the College.

Scholarships for incoming high school students will be announced at the respective high school awards programs.† Other recipients will be notified via mail in June or as soon as all scholarships have been awarded.

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