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Office of Student Financial Aid & Veterans Affairs. Guide for Faculty March, 2009. Financial Aid Quick Info Lottery Scholarships. Students must submit a FAFSA every year Award amounts are $4,000 to $5,500 per year Renewal eligibility is measured every 24 attempted hours - PowerPoint PPT Presentation
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Office of Student Financial Aid & Veterans AffairsGuide for FacultyMarch, 2009
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Financial Aid Quick InfoLottery Scholarships• Students must submit a FAFSA every year• Award amounts are $4,000 to $5,500 per year• Renewal eligibility is measured every 24 attempted
hours– 2.75 GPA at 24 and 48 hours;– 3.0 GPA at 72, 96 and 120; or
• Provisional Status -- 2.75-2.99 cumulative and 3.0 semester. Those in provisional status must enroll full-time.
• Students must not change enrollment status after the census date. Doing so will result in the permanent loss of the scholarship.
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Lottery ScholarshipsWhat can you do to help?
• Advise lottery recipients to see a lottery or financial aid counselor before they drop courses that will change their enrollment status from full to part-time.
• Use academic alert and encourage tutoring at the first sign of academic trouble.
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Financial Aid Quick InfoScholarship Website www.apsu.edu/secure/scholarships/• Prospective and current students may use this website
portal to apply for all scholarships with the exception of:– Academic awarded by Admissions– Performance such as music, athletic, art……
• Departments should designate a representative to pull applicant information from the Website database. We recommend doing this even if you have a separate application.
• We have sent detailed instructions to our primary departmental contacts, as well as to the Academic Deans. We have a “Scholarship Resource for Staff” link on our Website with this same information.
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ScholarshipsResources for Staff
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Scholarships Resources for Staff• Accessing the Database
– Detailed instructions on how to access applicants who have applied for your departmental scholarships.
– Direct link to logging into the database• Award Notification to Financial Aid
– A required form to submit initial awards, deletions or changes has been developed. This will provide both the department and financial aid with a cumulative list and accurate account information.
– We anticipate this process to improve our efficiency and the recordkeeping of both the department and the financial aid office.
• Supervisory Responsibilities– Information provided to assist those who supervise scholarship
recipients who have a work requirement. (Link currently under revision)
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ScholarshipsWhat can you do to help?
• Ensure your departmental representative(s):– Regularly check the scholarship applicant database
during awarding periods– Understand the supervisory responsibilities for
scholarship students with a work requirement• Avoid using a separate scholarship application, if
possible• Check the Website for accuracy
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Financial Aid Quick InfoTeacher Education Assistance for College and Higher Education Grant (TEACH)
• For students who intend to teach in public or private elementary or secondary school serving students from low-income families.
• All public schools in Montgomery County qualify. A link of eligible schools, nationwide, is on our Website.
• Award amount is $4,000 per year.
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Financial Aid Quick InfoTEACH Eligibility Requirements
• U.S. Citizen• Sign annual agreement to serve as a full-time
teacher in a low-income school for at least four academic years
• Maintain 3.25 GPA• Major in high need field such as foreign
language, math, reading specialist, science, special education. Eligibility for elementary ed majors is for special education only.
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Financial Aid Quick InfoTEACH – Caution!
• TEACH grant recipients who do not fulfill the requirements of the grant will be required to repay the grant in the form of a Federal Direct Loan with interest charged from the date of each TEACH grant disbursement.
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Financial Aid Quick InfoWhat you need to know!
• Enrollment Status– Students should consult with a financial aid counselor
before dropping courses resulting in a change in enrollment status.
– Students may be billed for a financial aid overpayment if they change enrollment status during an unauthorized period.
• Course Repeats or Unnecessary Courses– May result in increased loan indebtedness for the student.– May result in an attempted hour level too high to be
eligible for financial aid.
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Financial Aid Quick InfoWhat you need to know!
• Graduate Students– Undergraduate courses do not apply towards
enrolled hours required for financial aid unless the professor provides documentation the course is a required pre-requisite.
– We do not recommend substituting an undergraduate level course for a graduate level course in order to save the student money. This may result in a billing or ineligibility for financial aid.
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Financial Aid Quick InfoSatisfactory Academic Progress (SAP)• Financial aid recipients are required to make satisfactory academic progress in
order to remain eligible to receive financial aid.• Qualitative and quantitative measures are required. For example:• QUALITATIVE
– • Has a cumulative GPA of less than 1.5 for 0-29 attempted hrs– • Has a cumulative GPA of less than 1.8 for 30-45 attempted hrs– • Has a cumulative GPA of less than 1.9 for 46-59 attempted hrs– • Has a cumulative GPA of less than 2.0 for 60 or more attempted hrs– • • Has a cumulative GPA of less than 3.0 if pursuing a Graduate Degree– AND/OR
• QUANTITATIVE– • Has attempted 36 or more hours if classified as Freshman– • Has attempted 90 or more hours if classified as Sophomore– • Has attempted 144 or more hours if classified as Junior– • Has attempted 180 or more hours if classified as Senior– • Has attempted 54 or more hours if classified as Graduate
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Financial Aid Quick Info(SAP)• SAP is measured three times per year.• A status of warning and probation are given
before students are determined ineligible for financial aid.
• Ineligible students may appeal; however, documented extenuating circumstances must exist. A maximum of two appeals is allowed.
• Students may regain eligibility for financial aid once academics improve within required guidelines previously outlined.
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Financial Aid Quick InfoBooks – New Initiative!• AP Bookstore Debit Program
– Financial Aid students with a credit balance may charge their books at the bookstore.
• AP Bookstore Scholarship Program– The bookstore has provided limited funds to our
office to assist students with books.– These funds are used, at the discretion of the
director, for students who have an extenuating circumstance(s).
– Students who have received a financial aid refund are not eligible.
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Veterans Affairs Quick Info
• VA students are only paid for courses required for degree.
• Program of Study is required for all VA students.• Change of major must be reported to VA Office.
Not doing so will result in loss of benefits.• Withdrawing from course(s) may result in
student billing from VA.
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What can we do to help you?
• Email any suggestions to:
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Financial Aid and VA StaffEllington, Room 216
• Donna Price, Director (7410) • Mary Cochran, Assoc. Director (7957)• Wanda Welker, Assistant Director (6282)• Sherri Devers, Scholarship Coordinator (7035)• Jill Tyus-Coates, Manager/Counselor (6170)• Rakida Sims, Financial Aid Counselor (7397)• Elizabeth Stonerock, VA Counselor (7956)• Amanda Keller, VA Counselor (1438)• Jennifer Ellis, Lottery (7963)• Rebecca Yeatts, Lottery (6125)• A full listing of our staff is available on the APSU Directory under
Student Financial Aid