Attendance, Withdrawals and Changes in Enrollment Status
Attendance
Attendance is mandatory to receive financial aid. You must attend your classes on a regular basis and complete them to continue to receive your financial aid. If you stop attending part or all of your classes, you may have to repay part or all of the financial aid you have received.
Transfer Students
Students who are on financial aid suspension from another institution may be placed on financial aid probation at MSU-Great Falls College of Technology . They will have one academic term in which to earn a 2.0 grade point average (GPA) and complete the minimum percentage of credits attempted. Students who are on financial aid probation and do not earn a 2.0 GPA or complete the minimum percentage (67%) of credits attempted will be suspended from receiving further financial aid until they meet satisfactory academic progress requirements at the College.
Withdrawals/Changes in Enrollment Status
Students receiving financial aid are expected to complete a designated percentage of the credits for which they are funded each academic term. The Financial Aid Office must be notified by the student of any increase or decrease in number of credits. Students may be suspended from financial aid for not completing the designated percentage of credits.
Those students who are receiving financial aid and completely withdraw from classes may owe the Department of Education a prorated amount of aid received based on class days attended in the term. Students who owe repayment will be ineligible for further Federal financial aid as long as a repayment is outstanding.
Students who do not officially withdraw but stop attending classes will be considered unofficial withdrawals. The institution will determine the last date of attendance. Based on this date, students may owe a repayment of aid received.
Return of Title IV Funds
This policy applies to students who officially or unofficially withdraw, and refunds for these students are determined according to the following policy:
1) The term "Title IV Funds" refers to the Federal financial aid programs authorized under the Higher Education Act of 1965 (as amended) and includes the following programs: subsidized FFEL loans, unsubsidized FFEL loans, FFEL PLUS loans, Federal Pell Grants, and Federal SEOG. The state funds that my be affected are MTAP Grant and LEAPP Grant.
2) A student withdrawal date is:
- The date the student began the institution's withdrawal process or officially notified the institution of intent to withdraw: or
- The midpoint of the period for a student who leaved without notifying the institution; or
- The students last date of attendance at a documented academically-related activity.
3) Return of fund calculations:
- For the purpose of billing and calculating return of funds the summer sessions
are part of one summer term
- In accordance with federal regulations, when financial aid is involved, return
of funds are allocated in the following order: unsubsidized FFEL loans, subsidized
- FFEL loans, FFEL Plus loans, Federal Pell Grants, Federal SEOG, and other
Federal sources of aid.
4) Institutional and student responsibilities in regard to the return of Title IV funds.
MSU - Great Falls College of Technology's responsibilities in regard
to the return of Title IV funds include:
- Providing each student with the information given in this policy;
- Identifying students who are affected by this policy and completing the
Return of Title IV calculation for those students;
- Returning any Title IV funds that are due to the Title IV programs.
The student's responsibilities in regard to the return of the
Title IV funds include:
- Repaying to the Title IV programs any funds that we disbursed directly
to the student and which the student was determined to be ineligible for
through the Return of Title IV funds calculation.
Examples of this calculation can be obtained from
MSU-Great Falls College of Technology Financial Aid Office
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