FINANCIAL AID POLICIES HANDBOOK 2015-2016
Statement of Rights and Responsibilities
Financial aid recipients have the right to know the following:
- What student financial aid programs are available and the priority application deadlines to receive this aid.
- The criteria used to determine financial need and the financial aid award.
- The appeal procedure regarding financial aid issues.
- How and when financial aid will be disbursed.
- How Colorado College determines whether a student is maintaining satisfactory academic progress for the purpose of receiving financial assistance, and what happens if standards are not met.
- The terms and conditions of any employment that is part of a financial aid package, including how and when the student will be paid.
- What portion of the financial aid package must be repaid and what portion is grant aid. Borrowers have the right to know the interest rate, the total amount that must be repaid, the payback procedures, the length of the repayment period, and when repayment begins.
- The tuition and fee refund and return of funds policies.
- What financial aid is available for study abroad programs.
- What special facilities and services are available for disabled students.
- What college staff is available for information on financial aid programs and when they are available.
A student receiving financial aid at Colorado College is responsible for complying with the Colorado College financial aid policies:
- Maintaining a full-time student status.
- Maintaining satisfactory academic progress as described in the Colorado College Catalog of Courses under Academic Policies, as listed in this handbook, and as judged by the Dean’s Advisory Committee.
- Maintaining satisfactory progress toward a bachelor’s degree as defined elsewhere in this handbook. Aid is normally available for eight semesters or through a semester in which 32 units of credit are completed, whichever comes first. Appeals to extend eligibility beyond this period should be submitted to the director of financial aid.
- Notifying the financial aid office immediately of receipt of other assistance or changes in financial situation during the academic year.
- Notifying the financial aid office of changes in marital, enrollment, and/or housing status.
- Providing documents upon request of the financial aid office to verify the family’s financial situation.
- Completing work assignments in the Student Employment Program and not exceeding the federal or state work-study limit.
- Repaying loans according to the stipulations and timetable set by the respective loan programs.
- Paying, on time, all college charges not covered by financial aid.
- Reapplying for financial aid for subsequent academic years by the published priority dates.
Students should also refer to the Colorado College Catalog of Courses and the Pathfinder for additional important information regarding the college’s policies and procedures. The financial aid office also has available from the U.S. Department of Education The Student Guide to federal financial aid. Students may find it online at http://studentaid.ed.gov/students/publications/student_guide/index.html.
Contact the Financial Aid Office
800-260-6458 or 719-389-6651
Spencer Center, 1st Floor
14 E. Cache La Poudre St.
Colorado Springs, CO 80903
Hours of operation: Monday - Friday, 8:30am - 5:00pm