Financial Aid Information (Procedure 3.0300)

Based on board policy number and Florida Statutes: F.S. 1001.64; 1009.25, 1009.26; 6A-14.054 FAC; College Policy 3.030
Effective Date: 05/2002; 06/2014
Date of Review: 05/09; 08/11; 03/2014

Purpose

To establish Financial Aid application guidelines and provide information specific to financial aid availability at the College.

Procedure

  1. Application Procedure for Financial Aid
    The following forms must be completed and submitted to the office designated on each form:
    1. Seminole State College Application for Admission
      All students must apply and be accepted for admission and placed in a valid degree- seeking program or eligible certificate program before any financial aid can be awarded.
    2. Institutional Student Information Report (ISIR)
      Students must complete the Free Application for Federal Student Assistance (FAFSA) and list the College’s Federal school code number (001520) which authorizes the Federal Government to release the FAFSA results to Seminole State College. The Federal Processor will then electronically transmit the results in the ISIR to Seminole State College. The student and/or parent may be required to provide additional documentation to verify eligibility, such as copies of IRS Tax Returns Transcripts, Verification Worksheets, etc. Financial aid cannot be finalized until all verification documentation has been received and processed.
    3. Application Time Period
      The above procedures must be completed by the College’s priority deadline as listed on the Financial Aid website in order to receive priority consideration for the fall term. Applicants for other terms should complete the procedures at least six (6) weeks prior to the beginning of the term for which aid is being requested.
    4. Renewal Applications
      Students must submit a new FASFA and submit any requested verification documentation to qualify each academic year to receive financial aid. Receipt of an award does not automatically renew an application for subsequent years. To be eligible for renewal, students must make satisfactory progress toward graduation, as defined in Seminole State College's Standards of Academic Progress procedure.
  2. Types of Financial Assistance Available
    A complete description of the following financial aid programs can be found in the College Catalog and on Seminole State College's Financial Aid website. Generally a FASFA must be submitted to be deemed eligible by the agencies providing the assistance:
    1. Pell Grant
    2. Supplemental Educational Opportunity Grant (SEOG)
    3. Federal Work Study (FWS)
    4. Florida Student Assistance Grant (FSAG)
    5. State of Florida fee waivers and exemptions
    6. Subsidized Direct Loans
    7. Programs not exclusively based on financial need
    8. Unsubsidized Direct Loans
    9. PLUS Loans (Parent Loan for Undergraduate Students)
    10. Miscellaneous scholarships and loans
  3. College Scholarship Information
    1. A limited number of institutional scholarships are available each term to qualified students. These scholarships are based on financial need, academic ability, achievement, or special skills.
    2. Seminole State College awards scholarships based on academic ability or achievement to Seminole County high school graduates. The scholarships are available for both degree-seeking students and vocational certificate students. In addition, scholarships based on academic ability are awarded to recent high school graduates or to degree-seeking students presently enrolled in the College.
    3. Full-time, degree-seeking recipients may qualify for scholarships for the length of their degree program provided minimum grade requirements and standards of progress requirements are maintained. Minimum grade requirements vary for different types of scholarships; this information may be found in the relevant scholarship application/information forms.
    4. Vocational scholarships are generally awarded for the period required to complete the program. Continuance of the vocational scholarship is based on satisfactory grades each term.
  4. Satisfactory Academic Progress for Federal Financial Aid Recipients
    Financial aid recipients are required to make measurable progress toward the completion of their courses of study. The Standards of Progress are in the College Catalog, website and Procedures Manual.
Recommended by Executive Team Date 06/17/2014
Approved President, E. Ann McGee Date 07/01/2014

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Sanford, Florida 32773-6199
407.708.4722

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