PACIFIC COLLEGE - Laserfiche WebLink

Home Browse Search

• Death in the family • Loss of employment • Critical injury • Change in financial circumstances • Other circumstances approved by the Financial Aid Director or School President • Dependency Override (*Dependency Override can only be from Dependent to Independent, never Independent to Dependent) In a case of Dependency Override (dependent students to independent) maybe allowed with sufficient documentation. In all cases, Professional Judgment must be applied on a case -by -case basis and properly documented. Exercising Professional ludgment and Required Documentation A student who has circumstances that warrant a review must complete a Professional Judgment form and provide appropriate documents to verify each circumstance. This information must be submitted to the Financial Aid Office for review. If approved, changes may be made to a student's eligibility. In all cases, the Financial Aid Director must have final review of submitted documents. All verified documents must be factual and supported. While students may appeal the Professional Judgment decision, all decisions made by the Financial Director are deemed final with no further appeal. Return of Federal (Title IV) Financial Aid (R2T4) If a student receives Title IV financial aid funds and the student ceases to be enrolled prior to the end of a payment period, a calculation of the 'Return of Title IV Aid' must be performed to determine the allowable earned amount of federal funds applied towards educational costs. Students who withdraw from all classes may owe funds to the College, due to a mandated return of Title IV funds by the College to the federal government. The FAO will notify and provide instructions to students if they are required to return funds to the government. A student's aid funds that are returned to the Title IV aid program will generally reduce the amount that a student originally borrowed for the term. Financial aid returned (either by the College and/or the student or parent) must be distributed (up to the net amount disbursed from each type) in the following order: 1. Federal Direct Loan Unsubsidized 2. Federal Direct Loan Subsidized 3. Federal Direct PLUS (Parent) Loan 4. Federal Pell Grant 5. Federal Supplemental Educational Opportunity Grant (FSEOG) 6. Return to Student Post -Withdrawal Disbursement Occasionally, a student who withdraws from Pacific College is entitled to a Post -Withdrawal Disbursement (PWD). A post -withdrawal disbursement occurs when the R2T4 calculation determines that a student is eligible to Title IV funds even though the student has completely withdrawn or stopped attending the program. If a student withdraws and is eligible to a post -withdrawal disbursement of a Direct Subsidized or Unsubsidized loan(s) or a parent is entitled to a post -withdrawal disbursement of a Parent Loan for Undergraduate Students (PLUS). A PWD disbursement notice is mailed to the student Pacific College 2020-2021 Catalog 27