Award & Disbursement of Financial Aid

Students who have filed a valid FAFSAandmeet all o the r eligibility requirements for Federal Student Aid are given estimated awards based on full-time status. This initial award showsthe  most aid that would be available to the student.  Eligible enrollment statuses are full-time (12 or more credits), three-quarter time (9 -11 credits), half-time (6 - 8 credits),andless-than-half-time (fewer than 6 credits).  Theactual enrollment status will be determined attheendofregular drop/addandwill be one fac to r used in determining   final award amounts.Theestimated award may be revised ifthefinal enrollment status is not full-time.  Federal Pell Grantsando the r grants may be reduced or canceled; however, Federal Direct Student Loan eligibility will not be changed except in cases wherethefinal enrollment status is less-than-half-time.

Forthepurposeofdetermining Federal Pell Grant award amounts, students must be enrolled in all countable hours bytheendof thefirst (main session) drop/add period. All express sessions must be included in this enrollment status. In most cases, hours added afterthefirst (main session) drop/add period cannot be included in determining enrollment status for Federal Pell grant. If you enroll aftertheregular drop/add dateandare receiving your initial award fortheacademic year, your financial aid award package will be based onthenumberofeligible enrollment hours indicated atthetimeof theinitial award.

Clock Hour Students

Clock hour students in eligible programs are considered full time ifthe y are enrolled in at least 450 clock hours per semester.Todetermine enrollment statuses o the r than full-time,thenumberofclock hoursthestudent is currently enrolled in is divided bytheprogram length.The se rules are established in federal regulations.

Students Who Attend Multiple Sessions Within a Semester

Students who attend multiple sessions within a semester cannot receive financial aid under most programs untilthe y are attending at least 6 credit hours. Students may be enrolled in 6 or more credit hours, but most financial aid programs cannot be paid untilthestudent has verified attendance in 6 credit hours. Students whose enrollment changes as a new term begins will havethe ir financial aid adjustedtoreflect any changes made. Should students failtotake allof theclasses for whichthe y enroll, financial aid may be reduced or cancelled.

Course Work for Degree

A student's enrollment status will only include courses required forthedegree he/she is enrolled in at TCC. Courses outsidethedegree program, or courses not required forthedegree, will not be used in determiningtheenrollment status. Once a student has completed allthecourse work for his/her degree, even ifthe y have not applied for graduation, he/she is no longer eligible for aid. A degree audit will help determine if a course is eligible. Students are encouragedtocomplete a degree/audit every semesterprior toregistering for classestodetermine iftheclassesthe y have selected fall withinthe ir degree major.

Students Taking College Developmental Classes

Students taking developmental classes are allowed 30 credit hoursofattempted prepara to ry coursework whichthefederal government will useto wardthe ir enrollment status. After a student attempts 30 credit hoursofdevelopmental course work fur the r hours cannot be counted in determining enrollment status for financial aid eligibility, full-time, 3/4 time, half-time. Developmental courses are never used for determining enrollment hours for Bright Future Scholarship recipients.

Expected Family Contribution (EFC)

TheEFC is calculated fromthestudent's FAFSAandisthesame at all institutions.TheEFC includes a contribution fromthestudent from earnings, savings,andassets. Ifthestudent is a married student, a contribution fromthestudent's spouse will be calculated utilizingthesame components. Dependent students will have a contribution fromthe ir parent's earnings, savingsandassets.

Award Adjustments

Students who are found ineligible fortheaidthe y received, ei the r by clerical error or a drop intheExpected Family Contribution (EFC) or any o the r error, are responsible for repaymentof thefundsthe y are not eligibletoreceive. If a student receives a refundthe y are not anticipating or in excessofwhatthe y expect,the y needtocontacttheFinancial AidOf fice. Students will be issued a new award letter ifthe re are changesto the ir financial aid, o the r than adjustmenttoscholarships based on actual tuitionandfees.


Category: Financial aid

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