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Overview of financial aid options including first steps, how to maintain eligibility, policies and procedures.
Nash Community College makes every effort to provide financial assistance, where need exists, for students whose primary goal is to acquire post-secondary education. While students who qualify for aid are usually assisted, the institution expects that all resources at the students’ disposal will be used and that the financial aid will supplement these resources. For more information call (252) 428-7328.
To remain eligible for financial aid, a student must satisfy requirements of the Satisfactory Academic Progress policy:
The Federal Student Financial Handbook states the following: “The regulations forsatisfactory progress were initially published in October 1983 and were amended on December 1, 1987; April 29, 1994; and November 29, 1994. Every school participating in Student Financial Assistance (SFA) Programs must monitor its SFA recipients to ensure that they are meeting satisfactory progress standards.”
Satisfactory academic progress will be calculated at the end of each academic term and will include all periods of enrollment.
In order to be eligible for financial aid, students must meet the following minimum guidelines:
Students who fail to meet the minimum standards for satisfactory academic progress at the end of the semester will be placed on financial aid warning. A student may continue to receive financial aid for one semester while on financial aid warning provided they are otherwise eligible. Students should use this opportunity to re-establish satisfactory academic progress.
If, at the end financial aid warning period, the student is meeting the minimum requirements for satisfactory academic progress, the financial aid warning is lifted. Students who fail to make satisfactory academic progress after the financial aid warning semester will be ineligible for financial aid until satisfactory progress has meet. A student may attend the next semester(s) (at the student’s expense) in order to meet the minimum standards for satisfactory academic progress.
Financial aid funds are credited to the student’s account at the beginning of each semester to be applied to eligible education expenses. Eligible students are allowed to charge their tuition and books against their financial aid funds during registration. The financial aid office will verify class attendance for each financial aid student. Once attendance and enrollment status has been verified, the second payment of the award will be released to the student.
A student must be enrolled in an eligible program to receive financial aid. Any classes taken outside of the student’s current program of study will cause adjustments to his/her financial aid award.
A student cannot receive financial aid for classes completed by proficiency examination.
The students must affirm by signature that funds received under the Federal Pell Grant or Federal College Work Study will be used solely for expenses related to attendance at Nash Community College, and that they do not owe a refund to any Title IV federal program. Further, the students must affirm that they will not engage in the unlawful manufacture, distribution, dispensation, possession or use of a controlled substance during the period covered by federal funds.
If a student withdraws from all of his/her classes before the 60 percent point in the enrollment period, he/she will be required to repay a portion of the award to the US Department of Education. The student will need to make arrangements to repay this money back within 45 days from the withdrawal date. The student should understand, as well, that they could possibly become ineligible for financial aid if they do not make arrangements to repay the money back to the US Department of Education.
Financial aid recipients must renew applications each year to be considered for the upcoming academic year as outlined in the “How to Apply for Financial Aid.”