Transcript PeopleSoft Financials 3.4.16 Cross Training

FINANCIAL AID
What’s
different?
STUDENT SERVICES CENTER – FINANCIAL
AID TAB, STUDENT AWARD INQUIRY LINK
3
7/17/2016
FINANCIAL AID
• CENSUS DATE
• MANDATORY ATTENDANCE FOR VOCATIONAL PROGRAMS
• NOT PAYING AID UNTIL AFTER THE MID POINT OF THE PROGRAM.
FINANCIAL AID
• CENSUS DATE
• WHAT IS A CENSUS DATE
•
CENSUS DATE IS A SNAPSHOT OF THE STUDENT ENROLLMENT. THIS IS THE LAST TIME FINANCIAL AID WILL MAKE ANY
ADJUSTMENTS TO A STUDENT’S AWARD BEFORE THE COLLEGE DISBURSES FUNDS.
•
ONCE THE STUDENT HAS REACHED THE CENSUS DATE THEIR AID CAN NOT BE INCREASED OR DECREASED.
•
THIS BENEFITS THE COLLEGE SO WILL CAN PREVENT FUNDS FROM GOING OUT WHEN THE STUDENT IS NOT ELIGIBLE.
FINANCIAL AID
• MANDATORY ATTENDANCE
• FEDERAL AND STATE REGULATIONS STATE WE MUST TAKE ATTENDANCE FOR CLOCK HOUR PROGRAMS.
• WE MUST ALSO VERIFY ATTENDANCE FOR COLLEGE CREDIT STUDENTS THAT HAVE ATTENDED AND PARTICIPATED
BY THE CENSUS DATE.
•
THIS GIVES A CHANGE TO ADJUST AID BEFORE THE STUDENT IS DISBURSED AID.
FINANCIAL AID
• PAYING AID
• STUDENTS THAT ARE ENROLLED IN CLOCK HOUR PROGRAMS MUST COMPLETE UP TO THE MID POINT OF THE
PROGRAM BEFORE THE SECOND DISBURSEMENT OF AID CAN BE MADE.
• IT IS VERY IMPORTANT THAT ATTENDANCE IS BEING TAKING SO WE CAN DISBURSE AID WITHIN FEDERAL
REGULATIONS IN A TIMELY MANNER.
OTHER UPDATES
•MARCH IS FINANCIAL AID MONTH
•PLEASE REMIND STUDENTS TO APPLY EARLY FOR FINANCIAL AID.
•PRIORITY DEADLINE IS APRIL 1
•SUMMER SCHOLARSHIP ARE OPEN PLEASE TELL STUDENTS TO
APPLY.