Does taking online classes affect financial aid?
Online students also don’t qualify for financial aid that’s designated for students attending on-campus programs. However, distance learners usually qualify for Federal Pell Grants and other programs, and schools increasingly offer scholarships for online students.
Can you apply for financial aid more than once?
You only have to submit one application to be considered for loans and grants from both Alberta’s government and Canada’s government. Most students get money from both, which means you may get two smaller loans instead of one big one.
How many times can you take a class on financial aid?
A student may receive aid to repeat a previously passed course one additional time. If a student fails the second attempt no more financial aid will be given to repeat the course a third time. If the second attempt is a withdrawal then it is allowable for a third attempt.
Can I get financial aid if I only take 2 classes?
You can only receive financial aid from one school at a time. If you’re enrolled at PCC and another school, you may be able to set up a consortium agreement between the schools. With a consortium agreement, you can combine the credits at both schools to determine your financial aid eligibility.
Do I have to pay back financial aid if I withdraw?
If you’re receiving financial aid grants or loans, you must begin attendance in classes. Federal regulations require you to repay a portion of financial aid funds if you withdraw from all classes before satisfying the 60 percent completion rule for the enrollment term.
What is the 60 percent completion Rule financial aid?
Once 60% of the semester is completed, a student is considered to have earned all of his/her financial aid and will not be required to return any federal funds.
What happens if I withdraw after the deadline?
WITHDRAWING FROM A COURSE Dropping a class after the drop/add period has ended is considered a Withdrawal. You may withdraw from a course after the add/drop period has ended with no grade penalty, however, you will not be eligible for a tuition refund and must still pay any outstanding balances owed to the college.
How long do you have to pay back financial aid?
For most federal student loan types, after you graduate, leave school, or drop below half-time enrollment, you have a six-month grace period (sometimes nine months for Perkins Loans) before you must begin making payments. This grace period gives you time to get financially settled and to select your repayment plan.
Which type of financial aid does not need to be repaid?
Grants
Is financial aid a loan or free money?
Is the FAFSA a Loan or Free Money? The FAFSA application is not a loan. It is simply an application that you fill out in order to determine your eligibility for receiving a federal loan. There are three main types of financial aid that a student may be deemed eligible for after completing a FAFSA application.