Withdrawal Federal regulations state that financial aid is earned by attending

Withdrawal federal regulations state that financial

This preview shows page 37 - 39 out of 335 pages.

Withdrawal: Federal regulations state that financial aid is earned by attending class. You have not earned 100% of your financial aid until you have attended 60% of the term. If you withdraw before this date, a portion of your financial aid has not been earned. The unearned portion is equal to the percentage of the term remaining on the date of withdrawal. Your financial aid eligibility will be recalculated based on your actual period of atten- dance - you may be asked to repay a portion of the aid that had been distributed to you . Failure to Earn Credit: If you fail to earn credit for any of your classes (receive grades of F, W, I and/or NC), federal regulations require the Financial Aid Office to assume you did not attend Financial Assistance F I N A I D
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38 any of your classes. In order to retain any of your financial aid, you must provide proof that you attended classes. If you attended class, you are treated as an unofficial withdrawal. This means that the midpoint of the term is used as your last date of attendance and your aid eligibility is reduced by up to 50%. This will result in you owing funds back to the university unless you can provide docu- mentation of attendance past the 60% point of the term. CONFIDENTIALITY AND THE RELEASE OF INFORMATION The Financial Aid Office will release informa- tion from your financial aid application file to par- ties within the University if their inquiry is related to your attendance at Illinois State. Inquiries from off-campus agencies and/or landlords will be answered by Financial Aid Office staff only if you have completed and signed a "Consent to Release Information" form from the Financial Aid Office. To protect the confidentiality of your records, the Financial Aid Office will require proper identifica- tion from the requesting party before releasing any of your information. Appropriate documentation of any release of information will be placed in your financial aid file. STUDENT EMPLOYMENT Students enrolled for six or more semester hours may work part-time at Illinois State University. Eligible student employees usually work 10 to 15 hours per week while classes are in session. Students working at Illinois State University earn from $6.50 to $8.40 per hour. This pay range is subject to change by action of the federal government, the state, or the institution. Federal Work-Study Program: This federally sponsored program enables students with demon- strated financial need to earn a portion of their expenses while they are enrolled at Illinois State. To be initially awarded Federal Work-Study the applicant must indicate an interest in “work- study”on the FAFSA and demonstrate need. The federal government pays 70 percent of a Work- Study student’s earnings, while the employer pays the balance. A student employed 10-15 hours per week can expect to earn between $1,500 and $2,000 a year. Work-Study students find work on- campus (food service, library, Bone Student Center, departmental offices) or in nonprofit, off- campus agencies (hospitals, youth centers, charita- ble agencies and libraries). Another Federal
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  • Fall '15
  • TrevorBelcher
  • Academia, Academic degree, Bachelor's degree

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