Federal Financial Aid

Faith International University is designated as an eligible institution by the U.S. Department of Education (“DOE”) for participation in the following federal programs of student financial aid:

Federal Pell Grant: This federally funded grant is based upon financial need and is limited to students in an under-graduate program.

William D. Ford Federal Direct Loan: Direct loans are made by the U.S. DOE. The interest rate can vary and is unsubsidized for graduate students. The loan limit is determined by Federal guidelines. Repayment begins six months after graduation, when a borrower ceases to be enrolled at least half-time, or ceases to make satisfactory academic progress.

To apply for student financial aid under the following federal programs, a student needs to complete and submit a Free Application for Federal Student Aid online at www.fafsa.ed.gov or mail a completed PDF FAFSA or paper FAFSA to:

Federal Student Aid Programs

P.O. Box 7002  .  Mt. Vernon, IL 62864-0072

 

Application Process

Step 1

Fill out the “Free Application for Federal Student Aid” (FAFSA) at www.fafsa.ed.gov.

First Time Users:

You will need to create a Federal Student Aid ID (FSA ID), which consists of an applicant-created username and password. If you are considered dependent upon your parents, one of your parents (or both) will need to apply for a FSA ID. (FSA ID is used to sign your FAFSA electronically.) PLEASE KEEP YOUR FSA ID IN A SAFE PLACE FOR FUTURE USE.

Students Who Have Previously Applied For Financial Aid:

Use the same FSA ID you created when filing your renewal FAFSA. If you forgot your FSA ID, you may request a duplicate or new FSA ID at https://fsaid.ed.gov. The new FSA ID login is used not only for completion of the FAFSA, but also used for all ED student and borrower-based websites, which includes:

FAFSA on the Web

NSLDS Student Access

StudentLoans.gov

StudentAid.gov

• Agreement to Serve (ATS) TEACH Grant website

Applicants who need an FSA ID and who already have an FSA PIN are asked for their PIN upon login to any of ED’s student- and borrower-based websites. They may link their new FSA ID to their FSA PIN, allowing immediate access to FSA systems. Students, parents, or borrowers without an FSA ID or who choose not to link an existing FSA PIN will have limited access to FSA sites for one to three days while the Social Security Administration (SSA) verifies identity.

Note: Be sure to enter the Faith International University School Code 036894 when prompted. You will also need to refer to your prior year’s Tax  Returns.  If the option is available to you, please check the IRS DATA RETRIEVAL TOOL (DRT) Box. It will speed up the processing of your application.

Step 2

Complete the “Student Interview” at (link coming soon). Please make sure to include all consecutive quarters you plan to attend during each FAFSA academic year (the FAFSA academic year runs from July 1 to June 30). Please make sure that your future enrollment status is accurate (Full Time, ¾ Time and ½ Time). Full Time for BA students is 15 credits per quarter; ¾ Time is 10 credits. Full Time for MA or DMIN students is 8 credits per quarter; ½ Time is 4 credits. You will need to complete this form every academic year in which you enroll.

Step 3

Complete “Entrance Counseling” and “Master Promissory Note” (Subsidized and Unsubsidized Loan) at studentloans.gov.

Note: If you apply for grants only, it is not necessary to complete this step.) If you are considered as dependent to your parents: your parents may authorize a credit check if they wish to apply for Parent Loan for Undergraduate Students (PLUS). If approved, they may complete PLUS at studentloans.gov. If your parent’s credit is declined, the Financial Aid Office will determine your unsubsidized loans based on independent status.

Step 4

Sign the “Student Federal Funds Authorization Form” at (link coming soon). A paper copy of this form may be requested and can be completed manually and returned to our Financial Aid Office. If you have questions about completing your Financial Aid Application, please contact our Financial Aid Office: FinAid@FaithSeminary.edu or (253) 752-2020, ext. 119.

 

Maximum Credits

Federal Financial Aid will fund up to 150% of the number of “attempted” credits required for a degree program, with the approval of the registrar. If you change programs, your attempted credit count will not start over. All previously attempted credits will count toward the maximum allowed for your new program of study. Transfer credits from other colleges that are accepted for use toward the Faith Seminary degree will also be counted.

 

Financial Aid Disbursement

By institutional policy Federal Financial Aid student disbursements occur seven days after a quarter start date.

 

Financial Aid Leave of Absence Policy

All requests for a leave of absence must be submitted in writing or online and include the reason for the student’s request.  (A leave of absence form may be found on the school website under the Student Life tab.) The maximum days allowed on leave of absence is 180 days in a calendar year; however, each leave of absence request may not exceed one (1) quarter (three months, 90 days) at a time.

A leave of absence must meet certain conditions to be counted as a temporary interruption in a student’s education instead of being counted as a withdrawal requiring a school to perform a return calculation. There must be a reasonable expectation that the student will return from a leave of absence the following quarter. The institution will not assess the student any additional institutional charges during the period of absence; therefore, the student will not be eligible for any federal student aid during that period. No leave of absence will be granted in the middle of the quarter in which the student is currently attending. If the student leaves in the middle of the quarter, his enrollment ceases and it will be treated as a  withdrawal. A leave of absence is not required if a student is not in attendance only for an institutionally scheduled break. However, a scheduled break may occur during a leave of absence.

 

Financial Aid Satisfactory Academic Progress

Federal Financial Aid recipients are expected to successfully complete all the credits for which they receive aid and to make satisfactory academic progress towards their degree by achieving at least a 2.00 quarterly grade-point average (GPA) in an undergraduate degree and at least a 2.50 GPA in a graduate degree program. Credits are reviewed at the end of each quarter. Courses are considered successfully completed when the student earns an A, B, C, D, or P.

Note: Students who receive Federal Financial Aid funds may be subject to the repayment of funds if Satisfactory Academic Progress is not maintained.

 

Good Standing

Undergraduate Level: A student is enrolled full-time (12 or more hours) and successfully completes 67% or more credits and maintains a quarterly and cumulative GPA of at least 2.00. A student is enrolled ¾ time (10 hours) and successfully completes 67% or more credits and maintains a cumulative and quarterly GPA of at least 2.00.

Graduate Level: A student is enrolled full-time (8 or more hours), and completes 67% or more credits and maintains a quarterly and cumulative GPA of at least 2.50. A student is enrolled half-time (less than 8 hours) and completes 67% or more credits and maintains a quarterly GPA of at least 2.50.

 

Immediate Appeal Status

A student who receives 50% or more F’s in any quarter of attendance, or who is on Academic Warning during a quarter and fails to make satisfactory academic progress, must submit an Academic Appeal Form to the Academic Affairs Committee (and have it approved) in order to be eligible for registration for the next quarter. The Appeal Form must be filled out completely, signed, and either scanned and emailed, or sent via fax to the school. If the Appeal Form is not submitted to the Academic Affairs Committee by the second day of the starting date of the next quarter, any financial aid funds for that quarter automatically will be returned. The Committee will issue a determination within two (2) business days of receiving the Appeal Form regarding the student’s status.

 

Financial Aid Probation

A student placed on Probation must successfully complete all of the requirements as outlined on the Individual Academic Plan within the time frames outlines in plan. Failure to meet these conditions may result in Financial Aid Suspension.

 

Financial Aid Suspension

A student who does not successfully complete the requirements of their Individual Academic Plan may be placed on Financial Aid Suspension and may owe money back. Student will be notified in writing of terms of Suspension.

 

Return of Federal Financial Aid (R2T4) Policies and Procedures

Title IV funds are awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. When a student withdraws, the student may no longer be eligible for the full amount of Title IV funds that the student was originally scheduled to receive.

If a recipient of Title IV grant or loan funds withdraws from a school after beginning attendance, the amount of Title IV grant or loan assistance earned by the student must be determined. If the amount disbursed to the student is greater than the amount the student earned, the unearned funds must be returned. If the amount disbursed to the student is less than the amount the student earned, and for which the student is otherwise eligible, he or she is eligible to receive a post-withdrawal disbursement of the earned aid that was not received.

 

Withdrawal from a Payment Period or Period of Enrollment

A student is considered to have withdrawn from a payment period or period of enrollment if the student does not complete all the days in the payment period or period of enrollment that the student was scheduled to complete. Depending on when the student’s withdrawal or termination occurs during the quarter, the student and/or his or her parent(s) may be ineligible to use a portion of any federal student financial aid awarded to the student and/or his or her parent(s) for use in that quarter.

If a student ceases attendance (drops or withdraws) from all his or her Title IV eligible courses in  a payment period or period of enrollment, the student must be considered a withdrawal for Title IV purposes. Anytime a student begins attendance in at least one course but does not begin attendance in all the courses he or she was scheduled to attend, regardless of whether the student is a withdrawal, the school must check to see if it is necessary to recalculate the student’s eligibility for Pell Grant.

If a student who has withdrawn did not begin attendance in enough courses to establish a half- time enrollment status, the school may not make a first disbursement of a Direct Loan to the student after the student withdraws. However, the funds are included as aid that could have been disbursed in the Return calculation.

If the student’s withdrawal or termination from the program occurs…

  • Within the first 60% of the quarter, the amount of federal student financial aid awarded for use in that quarter that the student and/or his or her parents may use is a proportional calculation based on the percentage of the quarter that has elapsed as of the student’s withdrawal or termination date; or
  • After the first 60% of the quarter, the student and/or his or her parents may use 100% of the federal student financial aid awarded for use in that quarter. If the student and/or his or her parent(s) are ineligible to use a portion of any federal student financial aid remitted to the school to satisfy the student’s obligation for tuition, fees or other costs of the student’s education:
  • Federal law requires the school to return to the appropriate party(ies) such unusable aid;
  • The school will advise the student of the amount of such unusable aid returned by the school; and,
  • The student will be liable for an amount equal to the portion of such unusable aid for which the student is obligated to the school under the Refund section above, and will immediately pay that amount to the school in full.

If the student and/or his or her parent(s) are ineligible to use a portion of any federal student financial aid received by the student and/or the parent(s) and not remitted to the school:

1. Federal law requires the student and/or the parent(s) to repay to the appropriate party(ies) such unusable aid; and

2. The school will advise the student and/or the parent(s) of the amount of such unusable aid.

Any return or repayment of unusable federal student financial aid required under this section will be paid first to eliminate any outstanding balances for any federal student financial aid received by or with respect to the student in the following order and priority and within the time period prescribed by law: Unsubsidized Federal Direct Stafford loans; Subsidized Federal Direct Stafford loans; Federal Direct PLUS loans; and Federal Pell Grants.

 

Cancellation and Refund Requests

Any cancellation or refund request by a student should be made in writing and mailed to the Office of Financial Aid or the Registrar.

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