|
||
| Future Students Current Students Faculty & Staff Alumni & Friends Family & Visitors |
Understanding Your Aid
Obligations and Responsibilities of your Financial Aid Award
- You must be registered as a full-time (12 credit hours per semester) student to receive funds from all sources.
- You must notify the Financial Aid Office if you drop below full-time at any point during the semester.
- You must maintain Satisfactory Academic Progress (SAP) by successfully completing a minimum of 24 semester hours during the award year and maintaining a minimum grade point average as indicated in the College Catalog.
- You are required to notify the Financial Aid Office of any grants or scholarships you receive from other sources ( i.e. from your high school. )
- You must report any change in name, address or financial circumstances as soon as possible to the Financial Aid Office.
- If selected for verification, you must submit a signed copy of your complete 1040, your parents‘ complete 1040, and a verification worksheet to the Financial Aid Office.
- If you are borrowing a Federal Stafford Loan for the first time, you are required to complete an entrance interview and submit a Lender Selection Form prior to having your student loan processed.
- If you have completed a Master Promissory Note (MPN) you must return a Student Certification Form indicating your acceptance of the Federal Stafford Loan before the college can certify eligibility to Great Lakes Higher Education Corporation or other guarantee agency.
- Loan funds are received through Electronic Funds Transfer (EFT) and directly applied to your account on a semester basis.
- You must sign a promissory note before Federal Perkins Loan funds can be credited to your student account.
- If you withdraw before 60% of the semester is completed, the Federal Refund Policy will be used to determine adjustments in your charges and financial aid.
- If your Expected Family Contribution (EFC) plus your financial aid funds exceed the cost of attendance.
- Administrative or clerical errors which may occur during processing.
- Errors made by the student or parents in completing the forms.
- Discrepancies found in reported information during the verification process. Students will be notified of any changes made to award amounts.
At the time of the initial award, state and federal appropriations may not have been determined. If legislative bodies fail to provide the amount anticipated, awards could be reduced or canceled.
Satisfactory Academic Progress
Scholarships and grants are awarded annually on academic achievement and/or financial need. Awards are renewable for as long as the students make satisfactory academic progress as defined below and meet specific scholarship or grant renewal requirements. A student who is enrolled in the College is considered to be making satisfactory progress toward meeting the requirements for a degree if the following apply:- A student completes satisfactory at least 24 semester hours after 2 semesters of full-time enrollment and continues to complete satisfactorily a total number of credit hours which would produce an average of at least 12 semester hours for each semester of full-time enrollment.
- A student who is less than full-time, but at least half-time must maintain satisfactory progress toward his or her degree by having earned at least 12 semester hours per academic year and by having maintained the stipulated grade point average required for satisfactory academic standing.
- A student who is less than half-time must maintain satisfactory progress by having passed the total credit hours attempted for the semester enrolled while also maintaining the stipulated grade point average required for satisfactory academic standing
- A student with different enrollment status for fall and spring semesters must maintain the appropriate satisfactory progress standards noted above.
Grade Requirements
A cumulative grade point average of 2.0 or higher is required for graduation. The following minimum standards apply for a student to maintain satisfactory academic progress.| 1-16 hours attempted-1.60 | 48-63 hours attempted-1.85 | ||
| 17-32 hours attempted-1.70 | 64-79 hours attempted-1.92 | ||
| 33-47 hours attempted-1.80 | 80 or more hours attempted-2.00 |
Renewal Of Aid
Renewal of aid may be denied or reduced for the following reasons:- failure to make satisfactory academic progress
- failure to meet renewal guidelines
- disciplinary probation
- failure to document continued need for funds
- late application
- fraudulent information
- and reduction in funds the College receives from state and federal sources.
Heidelberg Students Studying Abroad Or Off-Campus
Heidelberg students studying abroad in Germany or Spain or studying in a Heidelberg College sponsored off-campus program can be eligible for financial assistance. Financial aid for students planning to study abroad or off-campus is awarded on the same basis as students studying on campus with the following exceptions:- A budget reflecting current costs and expenses is determined. Tuition and fees, room and board, books and supplies, and a limited amount for travel expenses is included in the budget.
- Need that is normally met with work-study assistance will be met with additional loan assistance when possible.
- Additional costs that the student incurs (above on-campus budget expenses) as a result of studying off-campus can be met only with additional Federal Stafford loan assistance. This additional cost could include transportation, higher living expenses or higher tuition charges.
Any student wishing to participate in a Junior Year Program as a Heidelberg College student must have successfully completed one academic year at Heidelberg to be eligible for college financial aid funds.
Study Abroad Scholarship Resources:
Payment Options
Heidelberg is pleased to offer students and parents three plans for payment of tuition, fees, room, and board. Regardless of the plan you choose, completion of a payment contract is required prior to the student attending class.- Two Payment Plan allows students and parents to pay on a semester basis. Payments are due August 1, and January 1. No contract fee is required.
- Four Payment Plan divided payment into two each semester. Payments are due August 1, October 1, January 1 and March 1. A $45 contract fee is required.
- Ten Payment Plan allows students and parents to stretch payment over a ten month period. Payments are due the first of each month August 1, through May 1. A $45 contract fee is required.
- Students with Employer Tuition Reimbursement may defer payment until the reimbursement is received from the employer. This option is available at no additional cost to the student or to the employer.
Student Alternative Loans
The Key Alternative Loan, offered by Key Bank USA, allows the student to borrow using a credit worthy cosigner. No payments are required while the student attends college at least half-time. Interest is capitalized once prior to repayment. Repayment begins six months after the borrower graduates or is no longer enrolled full-time. Repayment is up to 10-20 years depending on the amount owed. The student may borrow up to the cost of education minus financial aid. The minimum loan amount is $500 and the aggregate limit is $60,000 for undergraduate borrowers. For additional information, or to request a loan application call 1-800-539-5363.Alternative Loans
The Sallie Mae Signature Loan is through Fifth Third, provides the opportunity for students to borrow the needed funds to attend college with a credit worthy cosigner. This student may borrow up to the cost of education minus financial aid. No payments are required while the student is enrolled at least half-time. Interest accrues and is capitalized once at repayment. Repayment begins six months after the borrower graduates or is no longer enrolled at least half-time. Repayment is 15-25 years with a minimum $50 monthly payment required. For additional information or to request a loan application call 1-800-695-3317. The Fifth Third lender code is 508780.
Work Study
How many students are employed and what jobs are available?Approximately 500 students are employed on a part-time basis during the academic year. The campus employment program tries to provide the opportunity for students who need to work to help meet their educational costs (as determined by their financial aid award). Students also gain valuable and meaningful work experience at Heidelberg.
There are a variety of jobs available to eligible students. Most upper-class students secure a campus job before leaving campus in the spring. First year students must be willing to work any campus job in order to earn their awarded amount and gain experience. Krammes Service Center, ARA Food Service, or the Admission Office employs most first year students. Many returning students secure a job in an area related to their major or an area of interest in order to gain valuable work experience. Sometimes job openings become very difficult to find. Not unlike looking for a job in your home community, finding a job on campus may require patience and persistence for awhile. A student, who is unable to find a job, should check frequently in the Financial Aid Office for new openings He/she can also place his/her name on a waiting list and will be notified through cam-pus mailbox of new openings, as they become available.
Who is eligible to work?
Students who have a campus job as part of their financial aid award have priority for on-campus employment. The campus job award is the maximum amount the student may earn during the year. The awarded amount is based on the student's need as determined by the Free Application for Federal Student Aid (FAFSA). Should students have any questions about their eligibility to work on-campus they should feel free to contact the Financial Aid Office.
How do students find a job?
In the Financial Aid Office, you will find a list of all departments who have students working and the kinds of jobs available. Students are responsible for obtaining a campus job. Most jobs are filled on a first-come, first-served basis according to a student's class schedule, skills, and interests.
The Financial Aid Office serves as an information and placement service, but does not hire students for any campus job. Each department interviews and hires students to meet their needs. Students are encouraged to talk with several employers when trying to secure a campus job. Contact with employers can be made during the summer orientation sessions.
How many hours a week do students usually work?
Students are awarded anywhere from 2 to 15 hours per week to work. Some stipend jobs are available. This is when students are paid by the job rather than by the hour. These jobs require certain skills such as working in the theater department, on the radio staff, or serving as a resident assistant.
When do students get paid? How much?
Students earn minimum wage and are paid on the 10th of every month. Since students are awarded a campus job to meet the “self-help”portion of their financial aid, they are expected to apply part of their earnings to their student account. This can be done automatically by payroll deduction. If a student account is paid in full prior to each semester, special arrangements can be made with the Business Office so that no deduction is made from the student paycheck.
What if students earn more than the awarded amount?
Students who earn more than their job awarded will have that difference added to the student contribution for next year. It is helpful to the student to keep a record of his earnings and plan work hours appropriately. The Financial Aid Office monitors the student's earnings. Government and college regulations stipulate that the student can not earn more than awarded. It is important to plan work hours appropriately enabling the student to work the entire year.
What if a student cannot find a job?
Sometimes job openings run out or become very difficult to find. Not unlike looking for a job in your home community, finding a job on campus may require patience and persistence for a while. If a student is unable to find a job, frequent stops in the Financial Aid Office to check current openings is advised. The student can also place his/her name on a waiting list, to be notified through campus mail of new openings as they become available.
Can a student be fired?
YES. Hiring and firing is up to the discretion of the employer, not the Financial Aid Office. Each employer expects appropriate work behavior from the students. Employed students should follow the following guidelines to keep their jobs.
- Be willing to work hard.
- Be prompt.
- Present a neat appearance.
- Be cooperative and pleasant.
What about off-campus job opportunities?
The Financial Aid Office does receive job announcements from community employers and individuals. Many requests for baby-sitters are received throughout the year. All off-campus as well as on-campus information is posted on a bulletin board outside the Financial Aid Office. The office keeps a list of students interested in baby-sitting, odd jobs, or general off-campus employment. When job openings are received, these students are contacted about the opening. Students interested in being on the list should stop in the Financial Aid Office.
What about work during breaks and summer?
There are several departments that offer employment while the students are on break and during the summer vacation. Since students do not have a job award to work during these particular times, students are encouraged to talk to employers about available work. Krammes Service Center, the Admission Office, and ARA Food Service employ a limited number of students during these times. Money earned during breaks and summer vacation are not included in the student's job award total.
Work Study & Community Service
A portion of our work-study funding is used for Community Service. These jobs benefit both students on campus as well as individuals in the community. Our Community Service jobs are currently in Beeghly Library as assistants, and the Learning Center as tutors. You must be awarded a “Work-Study” job to be eligible for one of these positions.
Campus Employment & Career Development
Working part-time can be a valuable opportunity to enhance your career development. Many general skills, organizational ability, and the ability to work with other people are important in any professional job situation.
The job search process for an on-campus job is very similar to the search for full-time employment. Student employment can provide a chance to learn and apply effective job search techniques. Work experience can also be an important addition to your resume.
Contact Information
Heidelberg College
Financial Aid
310 E. Market St.
Tiffin, OH 44883-2462
telephone: (419) 448-2293
facsimile: (419) 448-2296
toll free: (800) 925-9250
Internet: financial-aid@heidelberg.edu
|
Heidelberg College | 310 E. Market St. | Tiffin, Ohio 44883-2462 | 1-800-925-9250 webmaster@heidelberg.edu | Copyright 2007 |
|