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| Financial Aid Award Instructions These instructions pertain to awards listed on your award letter or the Financial Aid portion of Reynolds Online. PAYING FOR CLASSESIf your total financial aid for the semester is equal to or greater than your tuition and fees, you will not have to pay tuition out of pocket. If your tuition is greater than your award amount, you are responsible for paying the difference the same day you register. Note, your awards are initially based on full time enrollment. Your aid will be adjusted accordingly (see the chart below) if you register for less than 12 credits.
YOUR ENROLLMENT STATUSWe will adjust Pell, SEOG, and CSAP grants based on the following total semester hours:
Federal Stafford Loans are not subject to these adjustments, but they still could be reduced if you take fewer courses. BOOKS AND SUPPLIESStudents are responsible for purchasing all books and supplies prior to the first day of classes. Responsible students typically plan ahead to have the resources to purchase books before the semester begins. This involves setting aside sufficient funds in the weeks/months ahead to purchase books from personal funds. The college does offer a limited means for students to charge their books against their "anticipated" financial aid. It takes 24 hours from the point you are awarded and you have enrolled in classes to be able to spend some of the amount remaining from your financial aid in the bookstore. To charge your books and supplies to financial aid, you must go to a campus bookstore. First check with the bookstore to ensure you have a balance to spend. Then select your books and supplies, take your selections to a cashier, and ask the cashier to charge them to your financial aid. Please plan ahead. Not all of your remaining aid will appear. Maximum amounts to spend will vary based on you enrollment status as follows:
Note: The Bookstore/Financial Aid link is a service not found at most four year colleges. Students are typically required to purchase books from personal funds and it is a good idea to plan ahead for book expenses rather than rely on Financial Aid. ATTEND YOUR CLASSES!Financial Aid will hold your courses and if you decide not to attend this semester, you must drop the classes either on the web or in person at the access center. If we pay you grant money for courses you never attend, you are responsible for repaying that debt. SATISFACTORY ACADEMIC PROGRESS (SAP)The U.S. Department of Education expects students on grants and loans to meet certain minimum standards. The standards used to judge satisfactory academic progress are cumulative and include all periods of student enrollment, even periods in which you did not receive financial aid. The Financial Aid Office will assess your progress at the end of each semester. Cumulative GPA: The table below describes the GPA requirements
Credit Hour Completion Rate: WITHDRAWALS can be just as harmful to your academic progress as an F or U. You must successfully complete two thirds (66.67%) of the semester hours you have attempted at the point in time that satisfactory progress is assessed. For students in associate degree and certificate programs, the first time completion rate can be assessed is when you have attempted at least 17 semester hours. For students in career studies certificate programs, the first time completion rate can be assessed is when you have attempted at least 12 credit hours. By law we must count developmental, ESL, and credit courses. “Completed” grades are A, B, C, D, P, S, or R. Grades of F, I, U or missing grades are considered non-completed courses. Maximum Time Frame: Program requirements must be completed within 150% of the length of your program as published in the College catalog. For example, students in the Accounting AAS program should complete their program within 99 credit hours attempted, based on a program length of 66 credit hours. A full explanation of the SAP requirements can be found in a current schedule of classes or at the SAP link. ABSOLUTE MAXIMUM NUMBER OF CREDITSDEVELOPMENTAL STUDIES CHANGE OF PROGRAM OR SECOND PROGRAMGRADUATION OR PROGRAM REQUIREMENTS COMPLETED CENTER FOR DISTANCE EDUCATION (CDE) COURSESENGLISH AS A SECOND LANGUAGE (ESL) LOAN CHECKS AND ENTRANCE COUNSELING
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NAME OF PROGRAM ENROLLMENT |
COMA, CSAP, SEOG At Least 6 Credits |
FWS - Work-Study At Least 6 Credits |
PELL At Least 1 Credit |
PTAP GRANT 1-6 Credits |
VGAP AWARD At Least 12 Credits |
Audited Classes: The College does not grant academic credit for an audited class; therefore, you cannot receive financial aid for such a class. Audited classes are not counted for financial aid satisfactory academic progress purposes either. You must pay for them from personal funds.
RETURN OF TITLE IV FUNDS – WHAT HAPPENS IF YOU WITHDRAW FROM ALL YOUR CLASSES
Visit our Withdrawing page for an example of how much you would owe if you withdraw.
The college offers short sessions each semester and they are a great way to get your credits in a short period of time. In the Fall and Spring they are 8 week sessions, some starting early and others starting half way through the normal 16 week semester. The later starting classes can cause problems for students. Things to beware of regarding mini-sessions are:
| Situation | Your responsibility |
| Adding a late session course after your aid has been disbursed. Normally about two weeks into the semester. At this point, your aid has already been paid out based on the original enrollment. The financial aid office does not automatically know if you register after the "normal" registration period. | Notify the Financial Aid office. If you are entitled to more aid, we will increase your award so your class will be held. If you do not have enough aid, you will have to pay for the class(es) from personal funds. |
| Late Starting session is cancelled, or you forget to attend it. | Contact the Financial Aid Office or the Access Center FA rep immediately. If the class is cancelled, or you forget to attend, you may have to repay some or all of any aid disbursed to you. |
| Shorter Drop Period and Withdrawal timeframe. The times allowed for dropping and withdrawing are shorter than the longer courses. | Pay attention to the drop dates and withdrawal dates in the published semester schedule of classes. |
If you need additional information, call or visit the appropriate
Downtown Campus, Room 125 |
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Western Campus |
J. Sargeant Reynolds Community College
Central Financial Aid Office
P.O. Box 85622
Richmond, VA 23285-5622
Last updated August 21, 2006
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