Academic Catalog 2023-2024

Academic Catalog 2023 - 2024

Refunds for Federal Financial Aid Recipients If a student is a recipient of Title IV aid (i.e. Pell Grant, Stafford Loans, and Plus Loans), Federal regulations administered through the U.S. Department of Education will apply. If a recipient of Title IV aid withdraws during the term, the College will calculate the amount of aid the student did not earn, and the unearned portion will be returned to the Title IV programs. The student is responsible for any charges that are unpaid as a result of the return of Title IV funds. Examples of the calculations of earned and unearned Title IV funds required as a result of withdrawal may be requested from the Business Office. Generally speaking, a student earns Title IV aid based on the number of days completed during the term prior to withdrawal. Once 60% of the term has been completed, the student is considered to have earned 100% of the Title IV aid awarded. Refunds for Recipients of Veterans Benefits The refund of the unused portion of tuition, fees, and other charges for veterans or eligible persons who fail to enter a course or withdraw or discontinue prior to completion will be made for all amounts paid which exceed the approximate pro rata portion of the total charges that the length of the completed portion of the course bears to the total length of the course. The proration will be determined on the ratio of the number of days or hours of instruction completed by the student to the total number of instructional days or hours in the course. Refund Appeal Process Any student (parent/financially responsible party) may appeal a refund decision by filing a written request with the Business Office. Appeals must include basis for appeal (i.e. extenuating circumstances). Appeals will be reviewed by the Appeal Committee. The Committee’s decisions in all matters will be final. FINANCIAL AID The primary purpose of the Financial Aid Office at Beacon College is to provide financial assistance to academically qualified students to further their education. Although students and their parents are expected to make every effort to meet the cost of education, many students do qualify for some form of financial aid and are encouraged to apply for aid by submitting a Free Application for Federal Student Aid (FAFSA) at http://fafsa.ed.gov. For additional information, please call the Beacon College Financial Aid Office or visit the website at www.beaconcollege.edu for the most current information. What types of financial aid are available to qualified students? Beacon College participates in a variety of federal, state, and institutionally-funded aid programs. Assistance programs are classified as Grants, Scholarships, Loans, and Employment. Major Federal Financial Aid Programs Pell Grant: this need-based award amount varies and can be granted each year. The award amount is directly related to the student’s expected family contribution as determined by the FAFSA form and the student’s enrollment status (i.e., full-time, ¾-time, half-time, or less than half-time). Federal Supplemental Education Opportunity Grants (FSEOG): grants through this federal program are available to a limited number of students who demonstrate exceptional financial need. Priority is given to students with the greatest need.

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