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General Description
Requirements
Policy Provisions
Performance Evaluation
Subject Experts
Eligibility Requirements
Policy

Document Number: SFS--109 Revision #: 1.0
Document Owner: Executive VP Date Last Updated: 08/17/2012
Primary Author: Executive Director of Enrollment Services Status: Approved
Date Originally Created: 11/30/2011

General Description
Description:

Information about eligibility requirements for student financial aid.


Purpose:

Delineation of policy.


Scope:

Students


Responsibility: Enrollment Services
Student Financial Services

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Requirements
Relevant Knowledge: In order to comply with this policy you should know:
Federal statutes
Current University policy
Standard company policies
Standards of good practice
State statutes

Terms and Definitions: Additional training

Corrective Action

Loss of privilege, general

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Policy Provisions
1.

Eligibility Requirements


Applicants for aid under Federal programs such as Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Perkins Loan, Federal Work-Study, and Federal Direct Loan Program(s) must meet the following criteria:

 

1. Students must be a(n) U.S. citizen, national, or permanent residents.

2. Students must be enrolled on at least a half-time basis (six hours) in a regular degree-seeking program.

3. Students may not be in default on any student loan or be obligated to pay a refund to any Federal aid program received at any institution.

4. Recipients must maintain "satisfactory academic progress“ in their chosen course of study. The following standards of progress are used to determine good standing.

 

Students must, at a minimum, complete the requirement for cumulative credit hours for which they receive Federal student financial assistance payments as follows:

 

0 - 29 semester hours attempted 1.50 GPA

30-59 semester hours attempted 1.80 GPA

60 + semester hours attempted 2.00 GPA

 

Only coursework taken at Cumberland University is used to calculate satisfactory academic process. Grades will be reviewed at the end of each semester.

 

5. An applicant must be an undergraduate student who has not previously received a Bachelor's degree. Graduate students may apply for financial assistance from the Federal Perkins Loan and Federal Stafford programs.

6. An applicant must demonstrate financial need as determined by the Free Application for Federal Student Aid (FAFSA).

 


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Performance Evaluation
Performance Metrics: Compliance with standard policy and procedure
Compliance with federal mandate

Consequences: Further training
Loss of privileges

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Subject Experts
The following may be consulted for additional information.
Executive Director of Enrollment Services

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