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Last modified
8/20/2024 11:31:21 AM
Creation date
8/30/2021 8:15:20 AM
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Contracts
Company Name
PACIFIC COLLEGE
Contract #
A-2020-194-28
Agency
Community Development
Council Approval Date
10/6/2020
Expiration Date
6/30/2023
Insurance Exp Date
6/1/2024
Destruction Year
2028
Notes
For Insurance Exp. Date see Notice of Compliance
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5. Financial aid professionals will disclose to their institution any involvement, interest in, or potential <br />conflict of interest with any entity with which the institution has a business relationship. <br />Satisfactory Academic Progress and Financial Aid Eligibility <br />To be eligible for Federal Student Aid (FSA) funds, a student must make satisfactory academic progress as <br />measured by Pacific College policy. Students not meeting satisfactory academic progress standards lose <br />FSA eligibility if the terms of financial aid warning are not satisfied. <br />See 'Satisfactory Academic Progress (SAP)' for details. <br />Monitoring Points - Pacific College evaluates a SAP at the end of each semester (payment period) for FSA <br />eligibility. <br />Maximum Time Frame - Students must complete their undergraduate academic program within a <br />maximum time frame of 150% of the published length of the program to remain eligible for FSA funds. <br />Undergraduate Program Length <br />Factor <br />Maximum Time Frame <br />1668 clock hours <br />X 150% <br />2502 clock hours <br />80 semester credit hours <br />X 150% <br />120 semester credit hours <br />120 semester credit hours <br />X 150% <br />180 semester credit hours <br />Pace of Completion - is calculated by dividing the cumulative number of clock/credit hours the student <br />has successfully completed by the cumulative number of clock/credit hours the student has attempted. <br />Students must maintain a 67% pace of completion to remain eligible for FSA funds. <br />Financial Aid Warning <br />Students not meeting SAP at a monitoring point will be notified of "Financial Aid Warning" for the <br />subsequent payment period and remain eligible for FSA funds during the warning period, no appeal is <br />necessary. The student will be advised of their status by mailed or emailed letter. <br />The student's academic progress will be evaluated at the conclusion of the warning period. If a student <br />meets SAP at the monitoring point concluding their warning period, the student will be removed from <br />"Financial Aid Warning" and returned to regular status. If a student does not meet SAP at the monitoring <br />point concluding their warning period, the student will lose their FSA eligibility unless they successfully <br />appeal and are placed on financial aid probation. <br />Financial Aid Probation <br />A student who does not meet SAP following the financial aid warning period must successfully complete <br />the terms of "Financial Aid Appeal" to be placed on probation. Probation cannot be given automatically. <br />At the end of one payment period on financial aid probation, the student must make SAP or must be <br />meeting the requirements of the SAP academic improvement plan (SAPAIP). Students on Financial Aid <br />Probation remain eligible for FSA funds during the probation period or the period specified within the <br />SAPAIP. <br />A student who fails to meet SAP following the probation period or period determined in SAPAIP is <br />ineligible for FSA funds and must follow the school's established policy for reinstatement. <br />See 'Reinstatement Policy"for details. <br />Pacific College 2020-2021 Catalog 21 <br />
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