WE ARE HERE TO HELP YOU MEET EDUCATIONAL EXPENSES

Federal Higher Education Act, Title IV

Federal Pell Grants

Federal Supplemental Educational Opportunity Grant (FSEOG)

Federal Work-Study Program

Federal Direct Loan Program

Federal Plus Loan Program

WE ARE HERE TO HELP YOU MEET EDUCATIONAL EXPENSES

Florida Resident State Grants (Full Time, Fall & Winter

terms only)

Florida Resident Access Grant (FRAG)

Florida Student Assistance Grant (FSAG)

See student handbook for detailed information

https://webadvisor.hodges.edu/aa_pdfs/Student_Handbook_current.pdf

FINANCIAL AID PROCESSES

To receive financial assistance

Initial interview

Provide documentation to determine eligibility

Assist throughout verification process Complete applications properly

Provide FA with accurate information

Verification policy

30% of all FAFSA’s are verified Student will be notified by email, letter, or phone

Funds are not disbursed until required documentation received

Non-compliance results in being ineligible for FA

FA not responsible for reductions in funding

FINANCIAL AID PROCESSES

Federal Direct Loan Program

Available to eligible students

Loan amount based on student grade level

Must be enrolled in at least 6 credit hours Subsidized loan (based on estimated family contribution)

Federal government pays interest while student is in school

Unsubsidized loan Interest accrues from the date of origination, students responsibility

Plus loan program Parent borrowers for dependent students

Classification Credit Hours regarding FA 12 or more credit hours is considered Full Time

9–11 credit hours is considered ¾ Time

6-8 credit hours is considered Half Time

5 credit hours or less is considered Less than Half Time

FINANCIAL AID PROCESSES

Registration for the next term thru MyHugo

Credit hours allowed Quick Access Registration

Registration

Steps for registration (check these steps every term)

Step 2: Make financial arrangements

Click on My Documents

Locate the term date you are registering for

Verify how many credit hours FA will cover

Book amount thru eCampus Repeat above steps to get to My Documents

Locate the term date for book voucher

Verify the amount you will have available for a book voucher

Book amount you are eligible for will be posted in eCampus

FINANCIAL AID PROCESSES

Federal Direct Loan Program

Repayment generally begins 6 months After student graduates

Withdraws

Enrolled in less than 6 credit hours

Ineligible for financial assistance established by Title IV guidelines Student owes a refund on a grant

Default on prior student loan(s)

Borrowed maximum amount of funds

FINANCIAL AID CONSEQUENCES

Impact of Withdrawal (Title IV funding)

Ineligible for federal funding PELL Grant

Federal Supplemental Educational Opportunity Grant (SEOG)

Ineligible for state funding Florida Resident Access Grant (FRAG)

Florida Student Assistance Grant (FSAG)

Withdrawal calculation

Determines the earned and unearned portions of Title IV aid

Begins the date the student ceased attendance based on the amount of time

the student spent in attendance

If the amount of disbursed funds to the student is greater than the amount the student earned, unearned funds must be returned.

Could result in a balance owed to the school

See student handbook for further explanation;

https://webadvisor.hodges.edu/aa_pdfs/Student_Handbook_current.pdf