ACADEMIC CATALOG >>
2007-2008
6-2: Financial Information - College of Adult and Graduate Studies
Payment
All charges for tuition and fees are due in full by the first day of the semester or upon registration if registering after the first day of the semester. Students unable to pay the full amount may utilize financial aid and/or participate in a monthly payment plan offered through the University called FACTS Tuition Management (FACTS) or through one of our other deferred payment options if eligible. More detailed information about these payment methods is available at Adult Undergraduate Studies and Graduate Studies.Students whose accounts are not paid in full or who are not enrolled in one of our payment options may be restricted from attending class, and will not be allowed to register for the following semester. Delinquent accounts will be assessed late fees, amounting to one and one-half percent interest on the balance at the end of each month. Any student who is negligent in making adequate and timely arrangements to pay his or her account, or in completing arrangements for his or her financial aid, may be subject to immediate dismissal and the balance sent to an outside collection agency. Students will not be allowed to participate in graduation activities, receive a diploma or an official transcript until all financial obligations to the university have been met.
Fees
To cover the extra costs incurred, special fees are required for students participating in certain courses. Information about current tuition and fees is available at Adult Undergraduate Studies and Graduate Studies. Fees are not refundable.Refunds
Students may drop a course anytime before the first day of class and receive a full refund of tuition. Courses may be dropped online, prior to the start of the course using WebAdvisorAll courses must be dropped by the 2nd session or by the end of the 7th day from start of the course, whichever comes first.
Students who drop a course after the posted drop date will be withdrawn from their course, will forfeit the tuition for that class and will receive a 'W' on their transcript.
Fees are not refunded.
Financial Aid
Qualifying for Federal Financial Aid
To receive any federal aid, whether a grant or a loan, a student must complete the Free Application for Federal Student Aid (FAFSA) on an annual basis. Students are encouraged to apply as early as possible to maximize the possibility of receiving certain grants and loans that have limited funding. You may submit the FAFSA as early as January 1 for the next fall. Students are encouraged to submit the FAFSA via the internet at www.fafsa.ed.gov.
Some students will be selected by the government for a process known as verification. If this happens, the student will need to supply the university with a completed verification worksheet and copies of completed federal income tax returns and W-2 forms. Students are encouraged to file their federal tax forms early to avoid delays in receiving financial aid if they are chosen for verification.
Most, but not all, federal aid is based on need. A student's financial need is determined by federal methodology using information supplied on the FAFSA. Students who do not qualify for need-based aid may qualify for federal non-need-based loans. The FAFSA form takes into account family size, family income, assets, and the number of family members attending college. Exceptional circumstances should be addressed to the Service Central Office. All students are encouraged to apply for federal financial aid.
Federal Financial Aid
Colorado Christian University administers the following federal aid programs: the Federal Pell Grant program, the Federal Supplemental Educational Opportunity Grant program, the Federal Work-Study program, the Federal Perkins Loan program, the Federal Stafford Loan program (both subsidized and unsubsidized), and the Federal Plus Loan program. General information about these programs is available through the Service Central Office.
Veteran's Benefits
CCU is approved for federal veteran's education benefits to qualified students. Applicants for these benefits should access CCU home page http://www.ccu.edu/ccu/a/military/ for GI Bill benefits, for contact information and application forms. Eligible students should keep in mind that benefits may not be received for a number of weeks after enrollment and should be prepared to meet university expenses until the veteran's benefits arrive.
Maintaining Eligibility for Financial Aid
To remain eligible for financial aid, a student must maintain satisfactory academic progress toward a degree. For financial aid purposes, the university has established the following standards for satisfactory academic progress. Questions about satisfactory academic progress should be referred to the Service Central Office.
- A student must be enrolled as a regular student seeking a degree, diploma, license or certificate.
- An undergraduate student must maintain a cumulative GPA of 2.0 or higher. A graduate student must maintain a cumulative GPA of 3.0 or higher. Students failing to maintain the minimum cumulative GPA requirements will be put on financial aid probation and must bring their average up to the required standard in the next semester. Students who do not meet the minimum cumulative GPA requirements will lose their financial aid eligibility until the standard is met or the student successfully appeals for an extension of the probationary period.
- Students must successfully complete at least two-thirds of the courses they attempt. Courses with grades of W, WP, F, or I will remain in the financial aid credit calculations and are not considered to have been successfully completed, but are taken into account in calculating the completion rate. Students failing to successfully complete two-thirds of the courses they attempt will be put on financial aid probation. At the end of the probationary semester, they must have successfully completed two-thirds of the courses attempted at CCU or they will become ineligible to receive financial aid. The ineligibility will continue until they meet the standard or successfully appeal for an extension of their probationary period.
- Students who are on financial aid probation have one semester to come into compliance with both the quantitative (completion rate) and qualitative (cumulative GPA) components of the satisfactory academic-progress policy. Those who do not will be ineligible to receive financial aid.
Because real progress in an academic program is of greatest concern, students are evaluated for eligibility every semester, whether or not financial aid has been received. Students who become ineligible may appeal the decision with the Financial Aid Committee. The ruling of that committee is final.
Undergraduate students are required to take a minimum of 6 credit hours per semester in order to qualify for federal financial aid except for provisions in the Federal Pell Grant Program that will allow less than half-time students to receive a Pell Grant. However, once a student has received their first undergraduate baccalaureate degree, they no longer qualify to receive a Federal Pell Grant.
Graduate students are required to take a minimum of 3 credit hours per semester in order to qualify for financial aid. Graduate students are not eligible to receive a Federal Pell Grant.
How to Apply for Federal Aid
- Apply for admission. Entering students cannot be candidates for financial aid until they have been admitted.
- Complete and submit the FAFSA or Renewal FAFSA forms via the internet at www.fafsa.ed.gov. A paper application may be obtained from the Service Central Office. Paper applications should be mailed directly to the federal processor, not to the university, using the envelope provided with the application.
- The student may receive requests for additional information or documentation. To help expedite the application, students should promptly submit the requested information.
Applications for financial aid should be submitted prior to the beginning of the term. Apply early as processing may take four to six weeks.
