Kaskaskia college registration
Kaskaskia college registration
Kaskaskia college registration
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VI. Appeal of Suspension and Maximum Time Frame Status<br />
Students who are in suspension and/or maximum time frame status may appeal their eligibility for financial aid to the SAP Appeals Committee based on<br />
extenuating or special circumstances, such as death of a relative, injury or illness. Financial need is not sufficient criteria on which to base your appeal.<br />
There must be reasonable expectation that a student can regain eligibility if reinstated. The appeal process is completed online using your CampusNet.<br />
VII. Notification of Status<br />
The Financial Aid office will notify you when you are in warning, suspension and/or maximum time frame and probation status. However, it’s the<br />
student’s responsibility to know their status and if eligible for financial aid.<br />
VIII. Notice<br />
The College’s SAP policy is subject to change without notice to comply with federal or state regulations, or <strong>Kaskaskia</strong> College Board of Trustee policy or<br />
action. For the most current Satisfactory Academic Progress Policy, visit www.kaskaskia.edu/financialaid.<br />
FEDERAL RETURN OF FUNDS POLICY<br />
Return of Financial Aid Funds at Withdrawal<br />
If you withdraw completely from a term or stop attending before you have completed 60 percent of that term, you will need to abide by certain<br />
federal rules regarding the return of financial aid. This means that both you and <strong>Kaskaskia</strong> College might need to return some of your financial<br />
aid funds to the Title IV program(s) from which the aid was received. For a quick look at how these financial aid returns are calculated, you can<br />
request examples of both calculations from the Office of Financial Aid.<br />
Defining 60 percent of a term<br />
The federal formula to calculate "60 percent" takes the number of calendar days you complete in a term, divided by the total number of calendar<br />
days in that term. If you withdraw or stop attending before the 60 percent point of that term, you may have "unearned aid" that will need to be<br />
returned to the applicable Title IV programs.<br />
What are "earned" and "unearned" aids?<br />
During the first 60 percent of a term, you "earn" Title IV funds in direct proportion to the length of time you remain enrolled. If you remain<br />
enrolled beyond the 60 percent point, you earn all the aid for that period. "Unearned aid" covers federal financial aid funds that you have<br />
accepted, but that you have not yet earned by attending for a full term.<br />
How is the amount of unearned aid determined?<br />
The federal "Return of Title IV Funds" formula dictates the amount of federal Title IV aid that must be returned to the federal government by<br />
<strong>Kaskaskia</strong> College and by you. The percentage of Title IV aid to be returned—the unearned aid—equals the number of calendar days you<br />
completed in the term divided by the total number of calendar days in the term.<br />
Who is responsible for repaying unearned aid?<br />
You and <strong>Kaskaskia</strong> College share the responsibility to repay unearned aid, based on the proportion each of us is assumed to posses. If you and<br />
<strong>Kaskaskia</strong> College are required to return all or a portion of the financial aid that you accepted, this situation could result in you owing aid funds<br />
to <strong>Kaskaskia</strong> College, the government, or both. <strong>Kaskaskia</strong> College’s share is returned by allocating the funds among the Title IV programs in<br />
this order:<br />
1. Federal Unsubsidized Stafford Loan<br />
2. Federal Subsidized Stafford Loan<br />
3. Federal Grants (Pell Grants and TEACH Grants)<br />
Any remaining unearned aid is your responsibility, and <strong>Kaskaskia</strong> College is responsible to collect it from you, and then allocate it among the<br />
Title IV programs in the order shown above.<br />
What is the timeline for return processing?<br />
<strong>Kaskaskia</strong> College calculates and returns its share of unearned Title IV funds no later than 30 days after the date of withdrawal or when a student<br />
stops attending.<br />
Other information about withdrawals and tuition refunds<br />
The student may also be eligible for a refund of a portion of the tuition and fees paid to <strong>Kaskaskia</strong> College for the semester, according to the<br />
<strong>Kaskaskia</strong> College Tuition Refund Policy. If you will be withdrawing completely from <strong>Kaskaskia</strong> College, you must do so according to<br />
<strong>Kaskaskia</strong> College Withdrawal Guidelines and Policy.<br />
Educational programs for veteran students and eligible dependents are administered through the<br />
Office of Financial Aid. These programs include: Educational Benefits Montgomery GI Bill-Active<br />
Duty Educational Program; Category 1-Montgomery GI Bill; Category 2-Old GI Bill Crossover<br />
Montgomery GI Bill; Category 3; Chapter 31; Chapter 32-Post Vietnam Era Veteran’s Educational<br />
Assistance Program (VEAP); Chapter 35 Survivors’ and Dependents’ Educational Assistant<br />
Program; and Chapter 1606-1607 Montgomery GI Bill-Selective Reserve Educational Assistance.<br />
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