Calendar 2005-2006 - The University of Akron

The University Honors College provides scholarships, curriculum options, special
housing and other advantages to especially motivated and high-achieving
undergraduates who meet the program's admission requirements. Candidates
are selected by the University Honors Council. Essay and interview required.
Jim and Vanita Oelschlager Leadership Awards are focused on the long-term
potential of talented entering freshmen from northeast Ohio and parts of
Pennsylvania who have demonstrated leadership, scholarship and service.
Documentation of leadership and/or service is required. Scholarships are prorated
for less than full-time enrollment. These scholarships are renewable, with a maximum
of eight full-time semesters of eligibility.
National Merit Finalists are offered freshmen scholarships covering the full cost
of Ohio tuition, fees, room and meal plan. For the remaining three years, the
scholarship covers full tuition and fees. These scholarships are renewable, with a
maximum of eight semesters of eligibility.
Academic Scholarships are awarded to continuing and outstanding high school
students. Students with the strongest credentials qualify until funds are exhausted.
These scholarships are renewable based on the terms provided to recipients
upon awarding.
ROTC Scholarships are available to qualified students who demonstrate academic
and leadership potential. Special incentives are available for students majoring
in nursing and engineering. Contact the Army or Air Force office for details.
Departmental and Performance Scholarships are offered by many academic
departments and are usually based on academic record or an audition/portfolio.
For more information, please contact your department
Student Employment
Student Employment can assist you in finding a job on or off campus. These jobs may
or may not be related to your major field of study, but they are designed to work around
your class schedule. Jobs are posted on the Financial Aid Web site or you can find
them by following these directions:
1. Go to http://www.uakron.edu/finaid.
2. Click on the link on the left-hand side that says “Student Employment and
Federal Work Study Information.”
3. You will be given a choice of the types of jobs to view.
4. Click on the link of your choice.
5. Use the vertical and horizontal functions to find information not visible on
the screen.
6. If you are interested in a posting, please contact the employer directly, using
the phone number listed in the description.
If you have further questions, or wish to register for the job applicant pool, you can call
(330) 972-7405.
Job Location & Development
The Job Location & Development Program exists to assist students in locating off
campus part-time employment. By working part-time, students are able to gain
some valuable work experience and to earn money to assist with college expenses.
Call (330) 972-7405 for details.
Student Volunteer Programs
Student Volunteer Programs seek to recruit and refer students for volunteer positions
with social service and nonprofit agencies in Northeast Ohio. Volunteering
offers students a wealth of experience which will enable discovery of the reality
of American life in ways that cannot be as graphically communicated in the classroom.
In addition, the rendering of public service by student volunteers will help
them develop an understanding of professional requirements and their role as
truly educated citizens; enhance their educational experiences; give concrete
form to the abstract learning of the college curriculum by applying it to immediate
human needs; and know that a truly successful life must include helping others.
Students who are in good academic standing may participate in the program's
volunteer activities. Students are also expected to respect the rules and regulations
of their volunteer agency. For more details call (330) 972-7405.
Computation of Financial Aid
Government formulas determine what the family may be able to contribute toward
the student’s education. This amount is called the family contribution. Some of the
key factors involved in computing the family contribution are as follows:
• Family income • Number of family members in college
• Family assets • Family size
The difference between the cost of education and the family contribution is called
the unmet need. The unmet need is the amount the Office of Student Financial
Aid attempts to cover through various financial aid programs to assist a student
in meeting educational costs.
Notification of Award
A student will be notified of the aid package by a Financial Aid Award Notification
sent to the mailing address. If questions arise regarding the Financial Aid Award
Notification, either call or write the office for clarification.
Distribution of Aid
Most financial aid will be applied directly to the tuition fee invoice. Awards are
based on full-time enrollment (12 semester credits). If the student is not taking at
least 12 credits, contact the Office of Student Financial Aid so that financial aid
may be adjusted. The student is awarded aid for the entire academic year; however,
the aid is disbursed proportionately each semester. If a student's aid
exceeds the direct costs, the difference is given to the student prior to the beginning
of each semester to assist with other educational expenses such as transportation,
housing, books, etc. The student must maintain satisfactory enrollment
status to be eligible for all aid.
Revision of Awards
Financial Aid 2005-2006 65
After receipt of the financial aid award, situations may arise which may necessitate
a revision in the aid package. A revision may result from receipt of an outside
scholarship; a dramatic change in the family income such as unemployment of a
parent or a divorce, etc. If family financial circumstances change, contact the
Office of Financial Aid & Student Employment so the aid package may be
reviewed.
Rules for Refund of Title IV
Aid
Refund/Repayment Policy — Students Receiving
Financial Aid
If your invoice is paid using financial aid, and you officially withdraw from all courses
or unofficially withdraw (receive all F's) please refer to the
“Refund/Repayment Policy.”
If you withdraw from some but not all of your courses, your aid could be affected
as follows:
Scholarships Concerns: Scholarships have credit hour requirements. If you drop
below the required hours, the refund is repaid to the scholarship.
Federal Pell Grant: The Pell Grant will be adjusted for any change in enrollment
that occurs on or prior to the 15th day of the semester. Pell will also adjust for any
class withdrawn from that has not yet begun.
Ohio Instructional Grant (OIG): OIG is based on full-time enrollment. If enrollment
drops below full-time during the university’s 100% refund period, then
100% of the grant will be cancelled. If enrollment drops below full-time during
any other refund period, the grant will be pro-rated.
Loan Concerns: Dropping below half-time could place your loan into its grace
period or repayment. In addition it could affect student loans currently being disbursed.
For example, if your loan is for two semesters, the second semester portion
may be cancelled, reduced or returned.
2. If you officially withdraw from all courses or unofficially withdraw (receive all
F’s), you are subject to the:
Refund/Repayment Policy (Return of Title IV Refund
Policy)
This policy is used to determine the amount of federal student aid that must be
returned to the appropriate aid programs and should not be confused with the
published university refund policy. When a student withdraws from all classes on
or after the first day of classes and the student has received financial aid the following
refund policy will apply:
The refund/repayment policy is a pro-ration of earned versus unearned financial
aid. The earned financial aid percentage is determined by taking the days attended
in the period by total days in the period. (Example: Student withdraws 5th day of
the semester which has 110 days in its period, 5/110 = 5 percent earned.)
Subtracting earned aid from aid that was awarded and disbursed gives you the
amount of unearned aid that must be returned. The responsibility to repay
unearned aid is shared by the institution and the student and is in proportion to the
aid each is assumed to possess. The student may be billed from The University of
Akron for any account balance created when the college is required to return
funds. The balance due would be the result of tuition charges that are no longer
being covered by the unearned aid or unearned aid that the student received in an
excess aid check. Under the refund/repayment policy, the programs are reim-