Financial Aid Policies & Regulations
Refund and Repayment Policy (Return of Title IV Funds Policy) An SVCC student who stops attending or withdraws completely from classes within a semester may receive a percentage of their Title IV financial aid. Satisfactory Academic Progress SAP ensure that all students meet the federal, state, and local financial aid / veterans benefits’ program requirements for eligibility. Higher Education Opportunities Act A federal or state drug conviction can disqualify a student for Federal Student Assistance (FSA) funds. Citizenship Policy A student must meet federal citizenship guidelines in order to be eligible for aid. Repeated Coursework Policy Financial Aid will consider and pay for classes you are retaking and have received a grade of 'D' or higher only 1 time. Please see policy for exceptions. Verification Policies and Procedures A student chosen for verification, whether by the Department of Education or by the Office of Financial Assistance, must provide all requested documentation. Fraud Policy The Office of Financial Assistance will report any cases of suspected fraud. High School Diploma Policy Diplomas deemed to be received from diploma mills will not meet the requirements for financial assistance. Leave of Absence Policy The Office of Financial Assistance's Leave of Absence (LOA) policy Federal Pell Grant Lifetime Eligibility Regulation In December 2011, President Obama signed into law the Consolidated Appropriations Act, 2012 (Public Law 112-74). This law limits the use of the Federal Pell Grant to 12 semesters (or 600%) throughout a persons lifetime. Please click the link above for more information regarding this new law and how to calculate your eligibility used. Year Round Pell Grants The U.S. Department of Education announced that year-round Pell Grants will be available beginning in 2018. This decision allows students to graduate sooner by taking summer classes. Consortium Agreement Policy A consortium agreement is a written contract that enables students to pursue coursework at two institutions simultaneously. Scholarship and Waiver Policies There are numerous scholarships, waiver programs, and educational assistance programs from various businesses, organizations, and agencies that provide financial assistance for eligible students. Professional Judgement Policy Professional Judgment is the ability of a financial aid administrator to update a student's financial aid based on unusual circumstances.