Rights and Responsibilities of Students Receiving
Financial Assistance
- Criteria for continued student eligibility under each program:
- Pell Grant– Students must complete the Free
Application for Federal Student Aid (FAFSA) each year in order for
eligibility to be determined. The information provided on the FAFSA
is used by the Department of Education to calculate each students
Expected Family Contribution (EFC). The EFC is used by each school
to determine if a student is eligible and for how much. Students who
are eligible for the Pell grant must also being making Satisfactory
Academic Progress (SAP) as determined by the ICC's SAP Policy listed
below. Students must have not been convicted of a drug related
offense while receiving federal funds, must not be in default on a
federal student loan, and cannot owe an overpayment on federal aid
received. Male students must also register with Selective Service
before reaching age 26. Please contact the ICC Financial Aid Office
if you have questions.
ICC Satisfactory Academic Progress Policy
All students receiving Federal Student Aid (Pell Grant, Federal
Work-Study, SEOG, Leap, ACG, Teach Grant or Student or Plus Loans)
must make Satisfactory Academic Progress (SAP). Each school has
their own SAP Policy. The purpose of the SAP policy is to make sure
that students are progressing toward their educational goal. If the
student is not making SAP, the student will be notified on the
GO2ICC portal or mail that they are no longer eligible for Federal
Student Aid. See
http://www2.iccms.edu/pdf/financial_aid/SAP_POLICY.pdf for the
complete satisfactory academic progress policy.
Dropping or
cutting out of classes is the most common reason for a student not
being eligible for Federal Student Aid. "W" grades count as hours
attempted. We advise all of our students to complete all hours
attempted with a 2.00 or higher grade point average.
SAP will be
measured according to the following criteria:
Students must pass
a minimum percentage of all courses attempted and must maintain a
minimum cumulative GPA(grade point average) as calculation by the
Registrar's Office as shown below:
Hours
Attempted |
Minimum
Req. GPA |
% of Hours
Passed |
| 0-32 |
1.50 |
50% |
| 33 or more |
2.00 |
67% |
Withdrawals: Withdrawals (W-Grade) will count as hours
attempted.
Example 1: A first time student withdraws or quits
attending all classes. The student is not eligible for financial aid
the next fall semester since the student did not pass any courses.
Example 2: A student attempts 17 hours in the fall term and 17 hours
in the spring term. After the spring term the student must have
passed 23 hours (34 attempted x 67%) with a 2.00 GPA to continue
financial aid eligibility.
Example 3: A student attempts 6 hours
in the summer term, 6 hours in the fall term, and 6 hours in the
spring term. After the spring term the student must have passed 9
hours (18 hours attempted x 50%) with a GPA of 1.50 to continue
financial aid eligibility.
Example 4: Complete the educational
program (major) within 150% of the published length (according to
the ICC Catalog). For example, a major or program requiring 64 hours
for a degree allows a maximum of 96 attempted hours (64 hours x 150%
= 96). Once a student exceeds 150%, he or she will no longer be
eligible for Federal Financial Aid.
- Supplemental Educational Opportunity Grant (SEOG) - Students must
meet all the requirements for continued eligibility for the Pell
Grant listed above. SEOG is awarded based on need and availability
of funds. Need will be determined each year.
- Federal Work
Study (FWS) – Students must meet all the requirements for continued
eligibility of the Pell Grant listed above. FWS is awarded based on
need and availability of funds. Need will be determined each year.
- Academic Competiveness Grant (ACG) - Students must meet
all the requirements for continued eligibility for the Pell Grant
listed above and maintain a 3.00 grade point average. Students must
also meet additional eligibility requirements listed on the Web at
http://studentaid.ed.gov/. Click on Federal Student Aid Programs and
then Grants.
- Teach Grant – Student must complete the FAFSA
each year in order to continue eligibility. Students must also be
making Satisfactory Academic Progress. In addition, they must
maintain a 3.25 grade point average and be admitted into a Teach
grant eligible program. Students must also meet additional
eligibility requirements listed on the Web at
http://studentaid.ed.gov/. Click on Federal Student Aid Programs and
then Grants. Please contact the Financial Aid Director each year to
determine eligibility.
- Federal Subsidized,
Unsubsidized and Parent Plus Loans – Students must complete the
FAFSA each year in order to determine eligibility. Students must
also be making Satisfactory Academic Progress. Students must be
enrolled in a minimum of six hours when loan funds are received to
receive a student loan disbursement. Students must have not been
convicted of a drug related offense while receiving federal funds,
must not be in default on a federal student loan, and cannot owe an
overpayment on federal aid received, or borrow in excess of lifetime
loan limits.
- ICC's standards which the student must maintain in order to be
considered to be making satisfactory progress in his or her course of study
for the purpose of receiving financial assistance is listed above under the
Satisfactory Academic Progress Policy.
Criteria by which the student who failed to maintain satisfactory
progress may re-establish his or her eligibility for financial assistance.
Students can re-establish their financial aid eligibility by improving their
grade point average and percentage of hours completed to the standards shown
in the grid above.
- The Methods by which financial assistance disbursements will be made
to the students and the frequency of those disbursements. The Financial
aid office will collect all financial aid awards (grants, loans, work-study,
institutional scholarships and all other scholarships and credit all awards
to the Business Office account. The Financial Aid office will check
enrollment and revise awards if necessary and then authorize the Business
Office to pay the appropriate awards. Check the ICC website at
www.iccms.edu/paying_for_college.asp for payment dates and enrollment check
(census) dates.
- The terms of any loan received by a student as part of the student's
financial aid package, a sample loan and repayment schedule for sample loans
and the necessity of repaying loans can be found in the information
accompanying the student's master promissory note and lender disclosure
statements. Students may also find valuable information for managing student
loan debt at
http://www.dl.ed.gov/borrower/.
- The general conditions and terms applicable to any employment provided
to a student as part of the student's financial assistance package are
listed below:
Students may work up to 10 hours per week during the school
year and 30 hours per week during the summer. Most positions are on campus,
either Fulton or Tupelo. Approximately 250 students share some $250,000 each
year. Students are paid minimum wage for hours worked and are paid once a
month. Students can earn approximately $750-$1000 per semester. Students can work
full-time during the summer months and make approximately $1500 to $1800 per
summer term.
Eligible students are assigned to a department and must complete an
interview form with the department for which they have been assigned. During
this interview process the job responsibilities will be discussed with the
student. If the student feels they cannot perform these responsibilities,
they can return the interview form to the work study coordinator and she
will reassign the student if possible. Students are employed in various
areas which include clerical assistants, secretarial assistants,
instructional assistants, library assistants, data entry clerks, and
computer technician assistants. Duties might include filing, making copies,
data entry, running errands or answering the phone. Students must be
currently enrolled to be eligible.
- The institution shall provide and collect exit counseling information
as required by 34 CFR 382.604 for borrowers under the Federal Stafford Loan
Program. ICC makes a good faith effort to mail exit counseling instructions
and materials to all students who have ever had a student loan and who
graduate, withdraw from school, or discontinue enrollment. Loan exit
counseling can also be completed on the Web at
www.dl.ed.gov/borrower/.
- Students who are having trouble making their student loan payments
should contact their lender as soon as possible. Students might be eligible
for deferment or forbearance of loan payments for a temporary period of
time. Students who are unsure of their lender can use the NSLDS Web site to
determine their lender at http://www.nslds.ed.gov/. Students can also find
valuable information for managing student loan debt and deferment and
forbearance forms at
www.dl.ed.gov/borrower/.
