Additional Financial Aid Information
Financial Aid Policies
Satisfactory Academic Progress Policy
Undergraduate students are required to maintain Satisfactory Academic Progress and to remain in academic good standing to retain eligibility for financial aid. Both full-time and part-time students are subject to the Satisfactory Academic Progress Policy. Students enrolled less than full-time must notify the Financial Aid Office and may be subject to reductions in their financial aid. If students do not meet the standards of Satisfactory Academic Progress they will receive one semester of warning. This warning semester allows students to keep their financial aid with the understanding that the student must meet the Satisfactory Academic Progress standards by the end of the warning semester. If the Satisfactory Academic Progress Standards are not met, the student will lose all financial aid for all subsequent semesters until the standards are met. Learn more about the Satisfactory Academic Progress Policy.
Return to Title IV Funds Policy
The Financial Aid Office awards federal financial aid (Title IV funds) to a student under the assumption that the student will attend Catawba College for the entire period for which the financial aid was awarded. When a student withdraws, the student may no longer be eligible for the full amount of federal financial aid (Title IV funds) that the student was originally scheduled to receive. According to the US Department of Education regulations, the Financial Aid Office must recalculate federal financial aid (Title IV funds) eligibility for students who withdraw from all classes, drop out, are dismissed, or take a leave of absence prior to completing more than 60% of a semester. This recalculation process is called the Return to Title IV Funds process. Learn more about the Return to Title IV Funds Policy.
Financial Aid Processes
Federal FAFSA Verification
Federal FAFSA Verification is a process required by the Department of Education to confirm that the information listed on a student’s FAFSA is correct. The Federal FAFSA Processor typically choses the students selected for Federal FAFSA Verification at random, but sometimes students are chosen because the information on their FAFSA may have inconsistent information.
To find out if your FAFSA was selected for Federal FAFSA Verification, read any messages on your Student Aid Report (SAR). You can access your Student Aid Report by logging into www.fafsa.ed.gov . After you receive notification that you have been selected for verification, you should first read any messages from the Department of Education appearing on your Student Aid Report. Next, you should submit copies of the documents the Financial Aid Office requests as soon as possible. Please understand the Financial Aid Office may be required to make corrections to your FAFSA based on the documents that you provide our office and therefore your financial aid awards may change. Learn more about Federal FAFSA Verification.
Federal Department of Education regulations requires the Financial Aid Office at any college administering federal financial aid (Title IV funds) to provide Consumer Information to all currently enrolled students as well as new, prospective students. This Consumer Information includes topics regarding financial aid as well as other general college information. Learn more about Consumer Information at Catawba College.