The student has the responsibility to: • Review and consider all information about a school’s program before enrolling. • Pay special attention to the application for student financial aid. Complete it accurately and submit it on time to the appropriate place. Errors can result in delays in a student’s receipt of financial aid. Intentional reporting of false information on application forms for federal financial aid is a violation of law and is considered a criminal offense, subject to penalties under the Criminal Code of the United States . The Inspector General’s office will be notified in such cases. • Return all additional documentation, corrections, and/or new information requested by either the Office of Student Financial Services or the agency to which the application is submitted. • Read, understand, and keep copies of all forms that he/she is asked to sign. • Accept responsibility for all agreements he/she signs. • Notify the lender of changes in his/her name, address, or school status for each loan he/she may have • Perform the work that is agreed upon in a satisfactory manner when accepting a Federal Work Study assignment. • Know and comply with the deadlines for application and reapplication for aid. • Know and comply with the school’s refund procedure. • Notify the Registrar’s Office, in writing, whenever there is a change of name, address, or telephone number. • Submit documents verifying the information submitted on the Free Application for Federal Student Aid if requested.
D ISBURSEMENT OF F INANCIAL A ID F UNDS
The Business Affairs Office processes refunds, which are disbursed fourteen days (14) after a credit balance has been applied to students’ accounts. Students may review their eligible aid via their MyLawson account. The award information contains data on students' budgets, expected family contribution, award categories and students' rights and responsibilities. The Financial Aid Awards are usually made on an annual basis. The annual award is divided into two equal installments, which are posted to the student's account (FEDERAL WORK- STUDY IS EXCLUDED). If the financial aid award and/or cash payments exceed college expenses/charges, the student is eligible to receive a refund. Refunds are processed by the Business Affairs Office and will be disbursed fourteen (14) days after the first day of class through the Business Affairs Office. Students who drop classes will have their financial aid adjusted accordingly.
R ETURN OF T ITLE IV F UNDS W HEN A S TUDENT W ITHDRAWS
Definitions: A Federal Financial Aid recipient is any student who receives one or more types of federal financial aid, including Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study (FWS), Federal Direct Loans(Subsidized, Unsubsidized, or Plus), if applicable. LAWSON STATE COMMUNITY COLLEGE DOES NOT PARTICIPATE IN THE FEDERAL DIRECT OR ANY LOAN PROGRAMS . Complete Withdrawal – The withdrawal date is the date the student submits an electronic ewithdrawal form (dropping all classes) to the Records Office. In those cases where a student unofficially withdraws (stops attendance without completing the withdrawal process), the withdrawal date is the last date of attendance as documented by the instructor. Repayment – This is money that the student must return to the U. S. Department of Education. The amount of repayment will be based upon a formula, prescribed by law, that considers the date of withdrawal and the amount of federal aid (excluding work-study) received. Students who fail to repay the U. S. Department of Education will not be eligible to receive federal aid at Lawson State Community College or any other institution. Return of Title IV Funds is a Department of Education financial aid policy, which affects students receiving federal assistance.
F INANCIAL A ID C OURSE L OAD R EQUIREMENT
To receive the amount of Federal Pell Grant as indicated on a Financial Aid Award notification, students must enroll for a full-time course load ( a minimum of 12 credit hours ). Students who enroll (each semester) in fewer than 12 credit hours will have their Pell Grant Award adjusted according to their registration status. Students enrolling in 9 to 11 credit hours are considered three-quarter (3/4) time, 6 to 8 credit hours are half (1/2) time , and 1-5 credit hours are less than half time. Students will not receive federal financial aid for classes outside their program of study . Questions regarding the enrollment status of adjusted credit hours should be directed to the Office of Student Financial Services.
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