Anyone accepted for admission to St. Augustine College who
is a citizen or permanent resident of the United States may be eligible for
financial aid. Although the government regulations largely determine what
"financial need" is, the staff of the Financial Aid Office will
assist students in meeting their financial needs.
GRANTS
The Illinois Student Assistance Commission (ISAC), Monetary Award
Program (MAP) is available to any student attending an approved Illinois college or
university, who can demonstrate financial need and qualifies as an Illinois
resident. Application must be made for each academic year.
The Federal Pell Grant
This is a federal assistance program for any undergraduate
student who demonstrates financial need. The amount of the grant varies
according to the student's need. Application must be made for each academic
year.
Federal Supplemental Educational Opportunity Grant (FSEOG)
This federal program is designed for any undergraduate who
demonstrates financial need, and who must apply annually. The federal
government provides post-secondary institutions with allocations from which
Financial Aid Office counselors make awards.
Federal College Work-Study Program
St. Augustine College participates in the College Work-Study
(CWS) Program, a federal financial aid program that helps colleges to provide
jobs for students who exhibit need in financing their college education. To
participate in the College Work-Study Program, a student must receive a CWS
award as part of a financial aid offer from the Financial Aid Office.
Presidential Scholarships
The College grants these awards to students who demonstrate
scholastic achievement in their academic programs. This award is given at the
beginning of the semester and is for 50% of tuition and fees. New and
continuing students may apply.
SAC Awards
SAC (St. Augustine College) Awards are smaller grants
provided directly by the College. These awards are conferred (within the limits
of the funds available) on the basis of need to students progressing
satisfactorily and who are in good standing with the Bursar's Office.
Other Awards
Occasionally, St. Augustine receives grants or donations for
specific academic or occupational programs. Information about these scholarship
opportunities can be obtained from a Financial Aid Counselor or from an Academic
Advisor.
VETERANS BENEFITS
Veterans who wish to receive benefits under the Veterans
Administration Education Program must complete a Veteran Application for
Program of Education form, which is available from any VA office or St.
Augustine College Office of Recruitment. Eligibility criteria and information
regarding application procedures are available from the Office of Recruitment.
THE FOLLOWING CONDITIONS MUST BE MET IN ORDER TO QUALIFY OR
TO MAINTAIN ELIGIBILITY FOR FINANCIAL AID :
1. Students must comply with the Satisfactory Academic
Standards and Progress Policy
2. Changes in the recipient's credit hour, marital, or
residence status must be reported to the Financial Aid Office for review and
possible adjustment of awards
3. Unexpected changes in a family's financial condition
should be reported to the Financial Aid Office for review and possible
adjustment of awards
4. Outside aid received by applicants which is not listed in
the award letter must be reported immediately to the Financial Aid Office. The
aid package may have to be adjusted to reflect the actual aid reported
5. If the recipient is in default on a federal loan or owes
a refund for federal financial aid received when not earned, the Financial Aid
Office must be notified immediately and awards will become void
6.
Aid Awards are not automatically renewable. Students
must apply annually by completing the FREE APLICATION FOR FEDERAL STUDENT AID (FAFSA).
7. Under provisions of the United States Criminal Code, intentional
false statements or misrepresentations on any of the applicant materials may
subject the applicant to a fine of no more than $10,000.00 or imprisonment of
no more than five (5) years, or both.
If dissatisfied with the financial aid awarded, the
recipients may follow the appeal process described as follows:
A. Request a personal interview with the Director of
Financial Aid.
B. If still dissatisfied with the results, prepare a
statement in writing explaining the situation and including any pertinent
information which should be considered. The appeal will be placed before a
Financial Aid Review Committee.
All awards are contingent on the availability of funds from
Federal, State, and Institutional sources, and must necessarily be tentative in
the event that Congress, the Illinois General Assembly or the Administration of
the College terminates the funds. (Information about any of the financial
programs or policies can be secured from the Financial Aid Office of St.
Augustine College).
Title IV Return Policy
St. Augustine College will return Title IV funds for
students who withdraw officially from classes. This official withdrawal will be
based on the date recorded by the Registrar's Office on the Student Withdrawal
Form.
Students who fail to notify the College of the withdrawal,
and attended less than 60% of a semester, will have their Title IV funds
returned, based on a prorated amount to the mid-point of the semester. Returns
will not be made for students who attended 60% or more of a semester.
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