á CAYUGA COMMUNITY COLLEGE á
Financial Aid Office á 197 Franklin Street á Auburn, NY 13021 á 315-255-1743 ext. 2470 á FAX 315-252-2185
SUMMER 2010
AWARD POLICY
Students requesting summer aid must be
matriculated students at Cayuga Community College. Applicants must submit a
"Request Form" to be evaluated for summer aid. Awards will be
evaluated as follows:
1. PELL:
Eligibility for a PELL
Grant will be calculated based on registration status.
2. Campus-Based:
Placement of college
work study positions will be done upon request from departments and
availability of funds.
3. Direct Loans:
In order to be
evaluated for a 2010 summer loan a student must submit a loan request form. The
student must have a 2009/10 Federal Student Aid Report on file. Loan recipients must attend 6
credits. What a student borrowed
during the previous Fall/Spring semester will affect eligibility to borrow
during the summer session. For a
schedule of summer disbursements, see the Financial Aid Office.
4. TAP Awards:
Students who want to
defer tuition on an approved TAP Award Certificate must complete an approval
form in the Financial Aid Office.
TAP awards are based on a 2010/11 application and normally are not
received until October 2011. Students must be registered for 6 credits
for TAP.
Deferments
- For summer, students may defer tuition on approved awards from PELL, TAP or
student loans. Book deferrals can
be processed on excess aid from actual PELL, TAP or student loans.
Refunds/Withdrawals
- If a student is eligible for a "Refund" (i.e. drops during Refund
Period) awards may be adjusted. If
a student withdraws from summer
courses their financial aid awards may be adjusted or canceled.
Student
Responsibilities - The students are responsible to let
the Financial Aid Office know if anticipated enrollment in courses changes from
that which was indicated on the "Request Form". Students who do not
attend classes and are withdrawn may owe the college money.
Disbursements
- Any remaining PELL will be disbursed mid-July. Student loan disbursements are described above.
Sumpolicy:
rev. 3/10
á CAYUGA COMMUNITY COLLEGE á
Financial Aid Office á 197 Franklin Street á Auburn, NY 13021 á 315-255-1743 ext. 2470 á FAX 315-252-2185
REQUEST
FORM FOR SUMMER AID*
Students
requesting summer aid must be enrolled in a degree program at Cayuga Community
College.
FORMS
SHOULD BE SUBMITTED AS SOON AS POSSIBLE FOR PRIORITY CONSIDERATION.
Before
any awards can be approved all applicants must:
1. Be registered for summer
classes.
2. Have a valid 2009/2010 Federal Student Aid Report (SAR) on
file at CCC.
All
students enrolled for summer courses will be evaluated for PELL eligibility by
the Financial Aid Office if:
1. They have maintained Satisfactory
Academic Progress.
2.
They are enrolled for at least 3 credit hours during the summer session.
To
receive a Student Loan a student
must:
1. Submit a loan
application available in the Financial Aid Office.
2. Register for and attend
at least 6 credits during the summer session.
3. Not have received the
maximum loan amounts during the previous Fall/Spring semesters.
List
below other colleges you have attended during the 2009/2010 academic year
including summer 2009.
1. _______________________ 2.
_______________________ 3. _______________________
I
understand that my summer financial aid award will be based on my enrollment at the time the award is made. I
understand that I must notify the Financial Aid Office of any changes to my
summer schedule.
I
understand that my award may be adjusted,
canceled or delayed:
1. If I withdraw from any
classes.
2. If I do not attend all
my classes.
3. If any of my classes are
canceled.
4. If my schedule changes in any way.
I
understand that changes in my schedule that result in changes to my financial
aid may cause me to owe money for courses previously covered by aid.
__________________________________________ ______________________________________
(Signature)
(Soc.
Sec. #)
__________________________________________ ______________________________________
(Print
Name)
(Address)
C________________________________________
Banner ID Number
*Refer
to "Summer Award Policy" for more detailed information on available
aid and student responsibilities.
|
William D. Ford Federal
Direct Student Loan
Cayuga Community College
Application Procedures:
á
Completed loan application must be
returned to the Financial Aid Office.
á
A completed FAFSA must also be on file
and all requirements met.
á
A promissory note must be completed on
line at http://studentloans.gov
using your
PIN available at www.pin.ed.gov
(this is the same PIN used for your FAFSA).
á
First time borrowers at Cayuga must
complete entrance counseling at http://studentloans.gov
Using your PIN available at www.pin.ed.gov
(this is the same PIN used for your FAFSA).
á
Student must be registered in at least 6
credits at the time the loan is disbursed.
á
Students must maintain Satisfactory
Academic Progress (SAP).
How much can I borrow?
First
year students may be eligible to borrow up to a maximum of $3500 and
students who have completed at least 28 credit hours may be eligible to
borrow up to a maximum of $4500 per academic year. Dependent students may be eligible to borrow an
additional unsubsidized loan of $2000.
Independent students may be eligible to borrow an
additional $4000 per academic year.
Summer loans maximums will generally be limited to half of the
academic year maximums or the remainder of a studentŐs academic year
eligibility, whichever is less.
The amount a student can borrow is also determined by the studentŐs
school costs, other financial aid the student may receive, and the studentŐs
Expected Family Contribution (EFC). The government deducts a .5% fee from all
loan disbursements.
____________________________________________________________________________________
Name __________________________________________________________________
Social Security
Number____________________________________________________
Banner ID Number C________________________________________
Amount of Loan Request
$_____________________________
If
my bill at Cayuga is deferred by this loan, and I fail to meet all of the
requirements for disbursement, I will owe Cayuga County Community College the
amount deferred and
I will be obligated to pay collection charges for any amount not paid when due.
Student Signature_________________________________________ Date_____________________
Approved amount: ________________ Disapproved - reason:
____________________________
You are applying for a loan -- which must be
repaid!