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502285-658495LIVINGSTONE COLLEGE2019-2020 SUMMER SESSION FINANCIAL AID APPLICATION00LIVINGSTONE COLLEGE2019-2020 SUMMER SESSION FINANCIAL AID APPLICATIONPLEASE READ CAREFULLY BEFORE COMPLETING THIS APPLICATION.To be eligible to receive federal student aid for Summer session, all applications must meet the following criteria:You must be enrolled for at least half-time (6 credit hours) to receive Federal Direct Stafford Subsidized/Unsubsidized Loans. However, you may be eligible to receive Federal Pell Grant if you are enrolled less than half-time (3-5 credit hours). Loan eligibility is based on the amount borrowed during the Fall 2019 and Spring 2020 semesters. If the student has borrowed the maximum loan amount for their class level in the Fall 2019 and Spring 2020 semesters, the student is NOT eligible for Federal Direct Stafford Loan assistance during the Summer session. Students that have no remaining eligibility may apply for a Private Loan or seek other options. You must be making or progressing toward Satisfactory Academic Progress (SAP) after the Spring 2020 semester to receive federal assistance for Summer session. Failure to maintain Satisfactory Academic Progress (SAP) may check with an Alternative Loan Lender on eligibility. Must have a completed 2019-2020 FAFSA on file. (prefer to have 2020-2021 FAFSA as well on file).All documents requested by the Office of Financial Aid must be submitted prior to receiving any federal student aid. The application will be processed according to the information provided on this form. Students must notify the Office of Financial Aid immediately of any changes in their enrollment. Financial Aid assistance awarded is subject to adjustment, cancellation and/or repayment if the student fails to enroll in the appropriate number of hours as stated on the application. Last Name First Name MI ID#Permanent Address: _____________________________________________________________________City, State, Zip Code: ____________________________________________________________________E-mail Address: _________________________________________________________________________Telephone Number: __________________________ Cell Phone: _______________________Anticipated Hours for Summer School___________ Current Classification_______________Housing Status: ____OFF CAMPUS ____WITH PARENTS Have you completed a 2020-2021 FAFSA? Yes No If no, complete online at to be considered for Federal Aid. Please allow 5 -7 days for processing. When were you enrolled? (Check one) Fall 2019-Spring 2020 Fall 2019 Only Spring 2020 Only I certify that the information I have provided on this form is true and complete to the best of my knowledge. My signature acknowledges that I have read and understand the “Important Information Sheet” attached to this application.____________________________________________ ___________________________Student’s Signature DateDeadline to Submit 2020 Application May 1, 2020LIVINGSTONE COLLEGEOFFICE OF FINANCIAL AID2020 SUMMER SESSION IMPORTANT INFORMATION SHEETPlease read this notice: Summer session financial aid is very limited. Summer financial aid awards are packaged separately from Fall and Spring financial aid awards. The amount of funds a student may be eligible to receive is normally determined by the amount of funds received during the academic year. Students are not eligible to receive North Carolina Need-Based Scholarships during the Summer semester. Required Forms The Summer session is an extension of the 2019-2020 academic year, therefore, you must have a completely processed 2019-2020 Free Application for Federal Student Aid (FAFSA) on file in the Office of Financial Aid. Livingstone College School Code is 002942.Livingstone College Summer session Financial Aid pleted verification paperwork, if selected.Other required forms requested by the Office of Financial Aid.Summer Session Financial Aid EligibilityFinancial Aid award will be based on the number of hours enrolled. Financial Aid may be adjusted if your enrollment status change.Your financial aid may be reduced or canceled for the Summer session if you drop, never attend or withdraw from courses. Such changes may also require repayment of funds already disbursed during the Summer session.Types of Financial Aid AvailableFunds are generally limited to the Federal Pell Grant and Federal Stafford Subsidized/Unsubsidized loans.Federal Pell GrantStudents may be eligible to receive the Federal Pell Grant for Summer session if he or she was not enrolled full-time during the Fall and Spring semesters. Students may receive the remaining eligibility during the Summer session not to exceed the full-time scheduled awards. Students are eligible for Federal Pell Grant funds during the Summer session if they were full-time during the Fall and Spring semesters based on extended PELL eglibilty.Federal Direct Stafford Subsidized/Unsubsidized LoansStudents who have not borrowed their full annual Federal Direct Stafford loan limits during the 2019-2020 academic year, may have remaining loan eligibility for Summer session. Students cannot exceed the yearly limit and aggregate loan limit. Loan limits for Summer session will depend on the number of credit hours earned (grade level) at the beginning of the academic year.If dependent, your combined Federal Direct Subsidized/Unsubsidized Stafford loan annual eligibility is: Freshman $5,500, Sophomore $6,500, Junior $7,500, and Senior $7,500.If dependent and your Parent Plus loan was not approved, your combined Federal Direct Subsidized/ Unsubsidized Stafford loan annual eligibility is: Freshman $9,500, Sophomore $10,500, Junior $12,500, and Senior $12,500.If independent, your Federal Direct Subsidized/Unsubsidized Stafford loan annual eligibility is: Freshman $9,500, Sophomore $10,500, Junior $12,500, and Senior $12,500.Federal Direct Stafford Loan recipients must be enrolled at least half-time (6 credit hours) to receive aid for Summer session.First-time borrowers will be required to complete an Entrance Loan Counseling and electronically sign a Master Promissory Note before their Federal Direct Stafford loan is disbursed.Federal Direct Stafford Loans will be disbursed in two disbursements. Students enrolled in Summer session will have two disbursements within the session (first disbursement in the beginning of the session and the second disbursement at the mid-point of the session). ? A 1.066% Federal Direct Stafford loan fee will be deducted on each Federal Direct Loan disbursement. Federal Parent PLUS LoansFederal Parent PLUS Loan application is available online at to parents of dependent students who enroll at least half-time (6 credit hours). The repayment of the Parent PLUS Loan is the responsibility of the borrowing parent. Parents may borrow up to the cost of attendance during the Summer session minus any financial aid awarded. Parents approved for a Parent PLUS Loan must sign a Plus Master Promissory Note (PLMPN) at . ? A 4.264% Federal Parent PLUS loan fee will be deducted on each Federal Parent PLUS Loan disbursement.Alternative Loans (Private Loans)Students who have exhausted their federal loan eligibility may apply for a non-federal Alternative Loan. Alternative Loans are generally more expensive than the Federal Direct or Federal Parent PLUS Loan and have higher interest rates and fees, which are determined by the specific lender. It is recommended that Alternative Loans be used as a last resource. Eligibility and approval is determined by the specific lender. Some Alternative Loans may require students to be enrolled at least half-time (6 credit hours) and maintaining Satisfactory Academic Progress (SAP). Alternative Loans are based on credit rating; therefore, some students may be required to obtain a credit worthy co-signer (a person who is obligated to pay back the loan just as you, the borrower, are obligated to pay). Students may select a specific lender of their own. All loans are disbursed in two payments. If you are a first-time borrower, your loan will not be disbursed until thirty (30) days after the first day of class.Standards to Receive Summer Session Financial AidEnrollment HoursStudents must be enrolled at least half-time (6 credit hours) to be eligible for Federal Direct Stafford loans. Some students may be eligible for the Federal Pell Grant at less than half-time enrollment. Class AttendanceStudents attending Summer session are expected to begin and attend classes. The Office of Financial Aid receives notification of students who do not attend class. Students who fail to attend class will have their financial aid adjusted or canceled. Students are responsible for any balance due to the College. Cancellation or Adjustment to AwardsAwards are canceled for students who do not register for the appropriate number of hours during the Summer session. The Office of Financial Aid will review the student’s enrollment as of the add/drop date. Adjustments or cancellation are made after the add/drop period if the enrollment status changes or the student is not enrolled in an adequate number of credit hours. Students must officially drop their courses by the published drop date. Dropping classes or if the class is canceled by the College for any reason, may affect the financial aid awarded. If a refund is issued prior to financial aid reduction or cancellation, students are responsible for the balance due the College.Notification Email is the official method of communication with students. Notification of Summer session financial aid awards are sent via email. Students should check their email regularly for pertinent Summer session information. Students are responsible for reading all emailed information. WithdrawalChanges in enrollment may affect eligibility to receive aid. Withdrawal from course(s) during any Summer session after financial aid has been credited to the student’s account may result in a reduction of aid. Students who drop below half-time will have all financial aid canceled and will be responsible for paying the balance in-full immediately. Students receiving financial aid and who subsequently withdraw from the College or drop their course(s) may be required to repay the financial aid received. If a student withdraws from all classes, financial aid eligibility may be recalculated based on the Federal Return of Title IV calculation. Return of Title IV funds received is based on the date the student officially began the withdrawal process, canceled or dropped their course(s). Any “unearned” financial aid must be returned to the appropriate federal program(s). The student will have to repay any reduced or canceled financial aid already credited to their account. Federal regulations require students to attend all classes for which they receive financial aid. Students receiving all “F”, “W”, “I” or “U” grades during any of the Summer session and/or stop attending classes may have their financial aid adjusted and may be required to repay a portion of their federal aid. H. Repeat CoursesFederal regulation limits the number of times a student may repeat a course and receive financial aid for that course. Financial aid will only pay for a repeated passed (grade of a “D” or higher is considered passing) course once. That includes any course taken during Summer session. A student may not receive financial aid when repeating a course that was previously failed, regardless of the number of times the course was attempted and failed. This rule applies whether or not the student received aid during the semester of the course. If a student has repeated a course once and earned a grade of D or better, any subsequent attempts of that course must be excluded from the student’s enrollment for financial aid purposes. Students must check with their academic advisor regarding repeating a course.I. Satisfactory Academic Progress (SAP) The Office of Financial Aid awards Summer session financial aid before a determination of the academic year’s Satisfactory Academic Progress is made. Students who are awarded financial aid for the Summer session and it is later determined they are not maintaining Satisfactory Academic Progress at the end of the Spring semester will NOT be eligible for Summer financial aid and any award for the upcoming Fall semester. The financial aid for the Summer session and upcoming Fall semester will be canceled. If the student’s bill has been validated based on the Summer financial aid awarded, the student will be responsible for paying the balance due the College, and their classes may be dropped. All students must complete 67% of all hours attempted (including transfer hours) AND Earn a minimum Grade Point Average (GPA) of 1.60 for 0 to 25.99 credit hours Earn a minimum Grade Point Average (GPA) of 1.80 for 26 to 57.99 credit hours Earn a minimum Grade Point Average (GPA) of 2.00 for 58 through 150 credit hoursStudents not enrolled during the 2020 Spring semester but were previously enrolled at Livingstone College and are readmitted for the Summer session in a degree-seeking program must be maintaining Satisfactory Academic Progress to receive financial aid. Students academically suspended or dismissed from the College will not be eligible for Summer session financial aid. Financial aid appeals are not generally granted for Summer session attendance.J. RefundYou must contact the Business Office concerning billing and refunds. ................
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