Standard College is eligible to participate in federal student financial aid programs with the U.S. Department of Education, giving students access to a variety of financial aid options to help support their educational journey. Federal Financial Aid is available to students who qualify, as determined by the U.S. Department of Education. Standard College participates in the Federal Pell Grant and the Direct Loan Program, including the Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans. To apply for financial aid, each new student and currently enrolled students must complete an annual Application for Federal Student Aid (FAFSA) and meet the eligibility requirements.
BASIC PRINCIPLES OF FINANCIAL AID
Financial Aid, or Title IV funds, is awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. When a student withdraws, the student may not be eligible for the full amount of Title IV funds the student was scheduled to receive.
Students earn Title IV aid through attendance. The percentage of aid earned is equal to the percentage of the payment period or period of enrollment completed. If a school has disbursed more aid than the student has earned, money is returned to the program. If a school has disbursed less aid than the student has earned, a post-withdrawal disbursement will be calculated and may, depending on the circumstances, be disbursed. If student never commences attendance for the period, the student is not an eligible Title IV recipient.
