See your school's policy. You can also e-mail PROMISE@wvhepc.edu. Reinstatement with an Appeal. Below are some common reasons why students lose their financial aid awards and some tips on how to avoid them. This does not apply to SAP Financial Aid Probation. Contact the financial aid office. You cannot add summer rent to your academic year budget and financial aid. And when it comes to financial aid, there is actually a prescribed approach that you should take to help get your financial aid squared away as soon as possible. Failing to file the FAFSA. If you’ve been placed on financial aid academic probation it can be extremely frustrating, but it’s not the end of your academic career. I know I am still eligible as a single mom and veteran. For additional information about how the PROMISE Scholarship Program coordinates with other financial aid programs, click here, or contact the West Virginia Higher Education Policy Commission, Division of Financial Aid at (304) 558-4417 or toll free at 1 (877) 987-7664. If you take a semester off, you will be on your own with regard to basic living expenses. It can't hurt to make sure that the rest of your financial aid is secure, especially before talking to someone in the financial aid office (see the next step). You are worried about people working around the financial aid system yet the system actually penalizes you for doing the “right” thing. Financial aid has a probation period to help you if you're not doing well in class. It can be difficult to do, and does require you to make changes. Here is a list of our partners. Skip to main content Skip to footer Skip to site map ... knowing the full extent of the issue as well as strategies for resolving it will help to ensure students get back on track. If your child works during high school and saves thousands of dollars to use for thier college education it is counted against them…even work study opportunities. If you’re a teacher who applied for the TEACH Grant program and you drop out of college, you may be on the hook for further repayment of financial aid. I just reviewed my award, how will my tuition bill be paid? How To Get Your Aid Back. Other financial aid could also be affected if you withdraw or stop attending. However, you may be eligible to receive private (alternative) loans, which can be found here. If you drop classes during the first three weeks of the semester (the add/drop period) you will lose the financial aid that was awarded for those credit hours in full. I am going to assume you are a full-time student. For example, if you are on an academic plan with your financial aid office, you may have to successfully complete all classes on the plan to comply with the requirements. You don't want to have to keep going in for appointments every time you realize something you should have known about already. Additionally, it may make more sense to withdraw from a class rather than fail it – if the deadline for a “W” has not passed. You should contact your college financial aid office to check the criteria for maintaining your award or to get answers to any questions regarding your award. If you find that your expenses exceed what you receive in your financial aid package, you cannot request additional financial aid in the middle of the school year. When you complete the Federal Application for Federal Student Aid(FAFSA) you will be asked: Have you had a drug conviction for an Once you get a request for verification, make sure to acknowledge the request, answer any questions the school might have for you, and get the correct paperwork back to them as soon as possible. Not in Full-Time Student Status . For example a full-time student that has a Pell grant would lose 50% of their funding if they dropped to ½ time enrollment during this period. Now I would like to try college courses again, is there anyway to get my financial aid back? When students lose financial aid due to lack of academic progress, there are two options available to regain eligibility. About the author: Anna Helhoski is a writer and NerdWallet's authority on student loans. This is what to do if you lose your financial aid first. When are financial aid refunds issued? These are general guidelines. About future student aid eligibility . Can my parents continue t o pay my bill through the Yale Payment Plan (YPP)? Is it true that a drug conviction may affect a person’s eligibility for federal student aid? You can either move back home, get your parents to pay for your living expenses or get a job. Remember, any delay in sending your documentation back runs the risk of losing out on financial aid, as colleges often give our financial aid on a first-come, first-serve basis. Let’s take a look at the next steps you’ll need to take so you can rest easy and get back to your number one priority–finding a new job. Answer: Yes, eligibility might be suspended if the offense occurred while the person was receiving federal student aid (grants, loans or work-study). Confirm your schedule and pay tuition & fees. I have a friend in college who lost it because he didn't complete enough credits, however after a year long period of going to a community college and successfully completing those credits, he … If you’re hoping that the financial aid will transfer along with you, don’t hold your breath. If you can offer any advice, I appreciate it. Is there a deadline to accept my aid? No matter what kind of iAd you have, it has been awarded based on your status has full-time or a half-time student. The remainder is your financial aid gap i.e., money you will still need to come up with to pay for college. You have to reapply for financial aid, but you DO have the ability to get it back as long as you've corrected whatever caused you to lose it in the first place.   Check with your specific college to determine procedures for gap year students. You "earn" the financial aid you have been awarded as you attend class during your scheduled enrollment period(s). 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