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• MODERN UCHNOLOGY SCHOOL •SCHOOL, CATALOG '• FINANCIAL AID INFORMATION continued ... Federal Pell Grants: are targeted at undergraduate students with very high needs. The amount of your Pell Grant is determined by the size of your expected family contribution (EFC), the school's cost of attendance, your enrollment status, e.g., half-time or full-time, and whether you attend for part of all of the school's academic year. Federal Pell Grants do not have to be repaid as with all grants. Federal Supplemental Educational Opportunity Grants - FSEOG: are for undergraduates with exceptional financial need, with priority to those receiving Pell Grants starting with the lowest EFC. The financial aid programs are made available to students attending this school as a convenience. In no way is the financial aid offer an inducement to enroll or an implied guarantee of employment. For Federal Pell Grant determination, a full-time student is a student enrolled in a minimum of thirty-six (36) credit units of class/clinical work each academic year. Half-time attendance status is a student enrolled in a minimum of eighteen (18) credit units of class/clinical work each academic year. As amended, the U.S. Department of Education certifies this institution as an eligible participant in the Federal Student Financial Aid - SFA programs established under the Higher Education Act of 1965 - H EA. Institutions must complete two separate calculations to calculate refunds under the Federal Return of Title IV Funds policy. First, the institution must determine how much of the tuition, fees, and other Institutional charges it is eligible to retain using either the state/institutional refund policy. Then, using the Federal Return of Title IV Funds policy, the institution determines how much federal assistance the student has earned, which can be applied to the institutional charges. If a student received more SFA funds than they earned under the federal return of Title IV funds policy, the institution, and in some cases, the student, is required to return the unearned funds to the federal treasury. The student must pay any unpaid balance that remains after the return of Title IV funds policy has been applied to the state/institutional policy to the institution. Any monies due to an applicant or student will be refunded within thirty (30) days of the date of cancellation, withdrawal, termination of drop/or date of determination. A withdrawal is considered to have occurred on the earlier of a) the date the student officially notifies the school of their intent to withdraw, or (b) the point at which the student fails to meet the published attendance policies outlined in this Catalog. If a student receives a loan for tuition, a refund will be made to the lender to reduce the student loan debt. If the amount of refund exceeds the unpaid balance of the loan, the remainder of the monies will be applied to any student financial aid programs from which the student received funding. Any remaining balance of funds will then be returned to the student. If a student does not return following a leave of absence on the date indicated on the approved written request, refunds will be made within thirty (30) days from the date the student was scheduled to have returned. To determine a refund, the last date of attendance is used when a student fails to return from an approved leave of absence. Published January 1, 2023/ F,frgctive through Decen�hg[ 1 202�7 A ;_ All Rights Reserve) ,�yisiLug:>!t wwlyOfschool.edu