TERMS AND CONDITIONS of Financial Aid
When you accept the offer of financial aid specified in your online Award Letter, you agree to accept and fulfill all of the following responsibilities, including the terms and conditions set by the federal regulations for financial aid.
1. If you receive additional funds not listed on your online Award Letter in mySTAR (scholarships, etc.), report them immediately to the Financial Aid and Veteran Services Office. You will receive a notification of a Revised Award Letter if there is any change to your financial aid eligibility because of the additional assistance; your aid awards may be adjusted or reduced, even if your financial aid has already been disbursed to you.
2. Please note that students enrolled at more than one institution may NOT receive financial aid from both institutions.
Previously Received Title IV Aid
You must not be in default on any federal educational loans, or owe any refunds on federal grants received at any post-secondary institutions.
1. You may use funds listed on your online Award Letter in mySTAR only for educationally related expenses incurred at State Fair Community College for the respective academic year.
2. The College applies your awards directly to charges on your SFCC Student Account (including tuition, fees, housing, and other institutional charges). Funds in excess of these charges will be released to you through your designated direct deposit account or through a paper check mailed to your address listed in mySTAR.
3. Financial aid awarded for a specific term can only be disbursed to you/your account during that same term.
Your financial aid is initially based upon enrollment projected (in most cases at the full-time rate) as indicated on your online Award Letter in mySTAR. Once you have enrolled in your classes adjustments to your aid will be made as needed. If you enroll less than full-time, aid will be prorated based on your level of enrollment. After disbursement, please note that enrollment changes may affect your future aid eligibility and your Satisfactory Academic Progress. Prior to dropping coursework, it is highly recommended that you consult with an SFCC Financial Aid Advisor to see how your current and future semester aid may be affected.
Please note: Students enrolled in late starting classes. SFCC pays financial aid to student accounts based on the classes you are currently attending on the date of disbursement. This can result in not all of your Pell Grant paying to your account and/or your student loans not paying to your account on the early disbursement dates. Once your late starting classes begin, we will pay your financial aid to your account on the designated dates listed in mySTAR.
Reducing enrollment levels
The SFCC Financial Aid and Veteran Services office monitors enrollment levels (number of credit hours taken) each term. If you drop courses and fall below the minimum credit hour requirements, you may be required to repay all or a part of the aid you received. If you consider dropping a class, it is important to discuss your situation fully with a financial aid advisor prior to doing so.
Withdrawal from the College
If you withdraw from the College, please inform the Financial Aid and Veteran Services office. Depending on when you withdraw, you may be required to repay all or part of the aid you received. If you received a federal student loan, you will be sent information on completing student loan exit counseling.
Satisfactory Academic Progress
Satisfactory Academic Progress (SAP) is the term used to denote a student's successful completion of coursework toward a certificate or degree. Federal regulations require the College to monitor the progress of each student toward certificate/degree completion. Students who fall behind in their coursework or fail to achieve minimum standards for grade point average and completion of classes, may lose their eligibility for all types of federal and state aid, and college aid administered by our office.