2002-2004 Catalog - St. Charles Community College

St. Charles Community CollegeStudents who enroll in alternative-scheduleclasses (including telecourses) that start after thefirst day of the semester will be paid for thoseclasses at varying points in the semester dependingon the start date of the class.High school students are not eligible forfinancial assistance.GrantsGrants, which do not have to be repaid, areawarded to students on the basis of financial need.SCC participates in three grant programs: PellGrant, Supplemental Educational Opportunity Grant(SEOG), and the Gallagher Student Grant (fundedby the state of Missouri). SEOG is awarded to studentsshowing the greatest need.Pell Grant recipients whose paperwork isreceived in the Financial Assistance Office in atimely manner should receive grant checks duringthe eighth week of the semester. This allows theFinancial Assistance Office time to verify the numberof credit hours you are taking and to input allbook waivers on the computer. If your file is completedafter the fourth week of the semester, youcan expect your check to take approximately two tothree additional weeks to reach the Cashier’sOffice. Students enrolled in courses that begin theeighth week of the semester will not be paid untilafter the second eight-week session begins.Students whose files are complete are notrequired to prepay their tuition. Those students areallowed to purchase their books on a book waiverissued from the Financial Assistance Office.When your Pell check is written, it will be forthe amount remaining after all tuition chargesand/or book waivers have been deducted.If you are considering withdrawal from yourcourses, you must notify the Financial AssistanceOffice of your plans before you complete the withdrawalprocess so you can be informed of any consequencesof such withdrawal. You will be paidbased on the actual number of credit hours inwhich you are enrolled at the end of the second fullweek of classes for fall and/or spring semesters.Under no circumstances can a student be paidfor a semester in which he or she enrolls but doesnot attend any classes. Therefore, if you havedecided not to attend classes, you must notify boththe Financial Assistance Office and the AdmissionsOffice to prevent charges from being posted toyour account and/or grades of “F” appearing onyour transcript.All grant checks will be disbursed from theCashier’s Office. Signs will be posted at the time thechecks are received.LoansQualified students may apply for low-interestloans to help finance their education. Both subsidizedand unsubsidized Stafford loans are offeredthrough participating banks. Each student’s budgetand family contribution will be evaluated to determinemaximum loan eligibility. Award amountsdepend upon on your academic grade level. Variousbusinesses, employers, and unions have loanprograms that may be available to their employeesand to particular students. Check in the FinancialAssistance Office for details.The following information also should be noted:• Your loan cannot be processed until youhave applied for a Pell Grant and the StudentAid Report has been received.• Student loan recipients will be allowed todelay payment of tuition, fees, and booksuntil their checks have been received.• Before you can receive your loan check, youare required to attend an entrance counselingsession. No loan checks will be disbursedfor the semester until you haveattended one of the counseling sessions andcompleted a loan entrance interview.• Loan checks are not disbursed until 30working days after the first day of eachsemester.• Student Loan recipients must notify theFinancial Assistance Office beforewithdrawal from any/all courses so that thebank can be notified according to federalregulations. An exit interview is requiredwhen you withdraw from classes. An exitinterview is also required when yougraduate from college.RepaymentLoan repayment begins six months (the graceperiod) after you graduate, withdraw, or dropbelow half-time (6 credit hours) enrollment status.During the grace period on a subsidized loan,you don’t have to pay any principal, and nointerest will be charged. During the grace periodon an unsubsidized loan, you don’t have to pay anyprincipal, but interest is your responsibility. Youcan either pay the interest as it accrues, or it canbe capitalized.24