Financial Aid

What are actions that will prevent a student from receiving their loans? (Found under "action Items")

• Applying for loan & Accepting loans

• Accepting the loans & Signing the Master Promissory Note & Entrance Counseling

• Applying for loans & Signing the Master Promissory Note

• ONLY Accepting loans & Entrance Counseling

Which of the following holds can impact a student’s financial aid awarding and/or disbursement?

• SAP Hold

• Transcript Hold

• FA Hold

• All the above

If a student's ISIR is rejected, what should be the next step?

• The student should register for more classes

• The student should take the necessary action to correct the issue with their application

• The student should ignore it as it does not affect aid

• The financial aid office will automatically fix it

What should be checked under "Program Information - Overview" to ensure the student’s financial aid is processed correctly?

• If the Primary Program is correct Are there multiple in progress programs?

• If the Primary Program is correct

• • Should the Expected Completion date for the program be updated?

• All of the above

What does it mean if a student’s ISIR (Institutional Student Information Record) is rejected?

• The student is ineligible for financial aid permanently

• The student must submit additional paperwork
  

• The financial aid office needs to fix the issue

• There is missing or incorrect information that must be corrected

When should you escalate a financial aid issue to the Financial Aid Office?

• Immediately after a student reports an issue

• After the financial aid disbursement deadline has passed

• Anytime before the semester starts

• None of the above

When should the coach reach out to the Financial Aid Office for assistance?

• If their financial aid has not been disbursed and they have met all eligibility requirements

• If they receive a notification that their FAFSA was selected for verification

• If they have a SAP (Satisfactory Academic Progress) hold affecting their aid eligibility

• All of the above

A student has a Pell Grant and is taking 9 credit hours. What will happen to their financial aid?

• They will receive their full Pell Grant amount

• They will lose their Pell Grant eligibility

• Their Pell Grant will be prorated based on their enrollment status

• Their Pell Grant will automatically increase

What financial aid status means the student’s aid has been processed and will disburse?

• Authorized

• Rejected

• Awarded

• Pending Verification

Which of the following could cause a student to lose financial aid eligibility?

• Qualitative GPA dropping below 2.0

• Quantitative Pace dropping below 60%

• All the above

• None of the above