Conditions of Your Award
Conditions of your Financial Aid Award
To receive the financial aid offered during this academic year, you must agree to and continue to meet the following conditions:
- By applying for financial aid and registering for classes you are authorizing us to use your financial aid to pay your tuition and required course fees from your aid programs when your award is completed. This includes GHC Student Payment Plan.
- Enrollment and Withdrawal – You must enroll in the required classes for your eligible degree or certificate program and maintain the required number of credits for your enrollment status each quarter. These credit requirements apply to all quarters:
Full-time is 12 or more credits,
¾ time is 9-11 credits,
½ time is 6-8 credits and
less than ½ time is 5 or fewer credits.
Any student who withdraws from a quarter after receiving federal or state financial aid will have a refund calculated according to federal regulations governing the return of these funds. The Financial Aid Office will determine the amount of the refund and to which program it will be returned and will notify the Business Office. Students who completely withdraw or stop attending all of their classes may have to repay a portion of the funds they received. The Financial Aid Office will determine the amount and type of repayment and will notify the student if a repayment must be made. It is essential that students who will no longer be attending classes officially withdraw.
Students receiving federal or state financial aid who withdraw and receive a refund and/or owe a repayment will have funds returned to the appropriate financial aid program within 45 days. The funds will be allocated in the following order:
1. Unsubsidized Federal Stafford loans
2. Subsidized Federal Stafford loans
3. Federal PLUS loans received on behalf of the student
4. Federal Pell Grants
5. Academic Competitiveness Grant
6. Federal Supplemental Educational Opportunity Grant (SEOG)
7. Other Title IV programs (except work-study)
8. State programs
9. The student
The refund and/or repayment is allocated up to the full amount the student received from a particular program.
- Your enrollment status for a quarter will be determined as of 5:00 p.m. on the 10th day of each quarter (or the 6th day for the shorter summer quarter). Changes to your enrollment through this date may result in an adjustment to your award and may result in your having to repay a portion of the award already received.
- Satisfactory Academic Progress – You must maintain satisfactory academic progress to remain eligible for your financial aid award.
- Changes in Financial Situations – You must report any changes which affect your total financial resources as they occur. These include changes in your, and/or your parents’, income, marital status, scholarships, veteran benefits or other assistance from off campus agencies.
- Insufficient Funding of Aid Programs – This offer of aid depends on Federal and State allocations to the college. If allocations are not sufficient, we may reduce your financial aid award or change the types of aid awarded.