Federal School code: 007582
HOURSDec 21 - Dec 27, 2014
College Center, 1st Floor
5401 W 20th Street
Greeley, CO 80634
Phone: (970) 339-6548
Fax: (970) 506-6962
Frequently Asked Questions for: Financial Aid - General Information
- What is Financial Aid?
- How long can I receive Financial Aid?
- Do I need to do anything else for Federal Direct Loans or Work-study?
- What if I receive other money for my education?
- What is an “official acceptance” of awards?
- When will I receive my financial aid funds?
- Is there a minimum number of credits I can take to still get financial aid?
- If I take less than 12 credits, will I get the same amount of financial aid?
- Can my attendance and enrollment status affect my payments?
- What happens if my financial aid is more than my tuition and fees owed to the school?
- What academic standards are there for financial aid?
- Where can I get more information?
- What do I do if I move or get a new phone number
What is Financial Aid?The intent of the financial aid (grants, scholarships, work-study and loans) programs is to assist you in paying for the costs of your education while at Aims Community College. By accepting these awards, you have agreed these funds will be used for your educational expenses.
How long can I receive Financial Aid?Financial aid awards are usually made for the fall and spring semesters. Awards made for only one semester indicate you are approaching the end of your financial aid eligibility. You may be eligible to receive financial aid for up to 150% of your current academic program length, regardless if financial aid was received for any or all of these credits.
- Example 1.) A 60-credit-hour degree program must be completed within 90 attempted credits;
- Example 2.) A 24-credit-hour certificate program must be completed within 36 attempted credits
Do I need to do anything else for Federal Direct Loans or Work-study?These financial aid awards REQUIRE additional steps to be completed by you before these funds can be paid. Please refer to the additional enclosed information for Federal Direct Loans and/or Work-Study programs. This information will be enclosed ONLY if you have been awarded these types of funds.
What if I receive other money for my education?You are required to notify the Financial Aid Office, in writing or by e-mail, the source and amount you expect to receive from outside resources, including but not limited to:
- Private scholarships and grants
- Alternative educational loans
- Veterans benefits
- Funding received from agencies that assist students with payment of school costs
What is an “official acceptance” of awards?Foundation Scholarships and Federal Direct Loans require an ‘official acceptance’ from you. If you have been awarded a Foundation Scholarship the acceptance form was mailed to you separately from your Award Letter. You must formally accept any Federal Direct Loan funds that are offered. If you choose to decline all or part of the awards shown on your award letter, please notify the Financial Aid office in writing or by e-mail stating specifically the awards and terms you wish to decline. Be sure to include your name and Aims Student ID on this notification.
When will I receive my financial aid funds?Payment of your financial aid will occur just prior to the scheduled start date of each semester provided your financial aid awards have been made and you have completed all additional requirements, if applicable.
- There is a 30-calendar day delay, from the beginning of the semester, for all loan borrowers who are first-time students. Provided you have completed all of the additional steps, the first disbursement of your loan will occur AFTER the 30th calendar day past the start of the semester.
- Work-study funds are NOT paid to your student tuition account. If you are hired for a work-study eligible job, you will be paid monthly for hours worked within each pay period.
Is there a minimum number of credits I can take to still get financial aid?Most financial aid programs require enrollment of at least 6 credits for you to be eligible for the payment of these funds to your student tuition account. The Federal Pell Grant program MAY be available to students who are enrolled for less-than-half-time (.5 to 5.5 credits) depending upon their Expected Family Contribution (EFC).
If I take less than 12 credits, will I get the same amount of financial aid?Probably not. If you are enrolled for less than 12 credit hours, the amount of financial aid that pays to your student tuition account may be different than the amount stated on your enclosed Award Letter. Many programs require the amount paid to be adjusted according to your actual enrollment status. Where enrollment statuses and adjustments are defined as:
- 12 or more credits Full-time (100% of award)
- 9 – 11.99 credits Three-Quarter-time (75% of award)
- 6 – 8.99 credits Half-time (50% of award)
- .5 – 5.99 credits Less-than-half-time (no payment of award)
Can my attendance and enrollment status affect my payments?Yes, financial aid paid to your student tuition account will take place throughout each semester and may adjust (up and/or down) based upon your actual class attendance and enrollment status. Failure to attend each registered class at the start of the scheduled class can result in your being reported as a no-show. If reported as a no-show you may be dropped from that course. Being dropped from a course can change your enrollment status and therefore reduce the amount of financial aid for which you have established eligibility. This can result in financial aid funds that have been paid to your student tuition account being unpaid and returned to the appropriate financial aid programs. This may result in you owing a balance to Aims Community College. The same can occur when a late starting class is dropped, no-showed or canceled. We recommend you check with the Financial Aid Office PRIOR to making a change in your enrollment status and/or withdrawing from any courses so that the impact of such actions can be determined.
What happens if my financial aid is more than my tuition and fees owed to the school?For enrolled students whose financial aid has been awarded prior to the start of the semester, and who are eligible for a refund at that time; a refund will be generated and made available the first day of the semester on your Aims Campus Card. An Aims Campus Card will be mailed to you by the first day of classes of the FIRST semester you attend Aims. Do not throw away or discard. Card is valid for your entire time at Aims
What academic standards are there for financial aid?You must meet the requirements of the Aims Community College Financial Aid Satisfactory Academic Progress policy by maintaining a cumulative grade point average of 2.0 or above and by successfully completing the required minimum number of credits for your enrollment status and be within 150% of your academic program length.
- The Aims Scholars Scholarship program requires a minimum 3.0 cumulative undergraduate GPA.
- The Aims Opportunity Scholarship (funded by the Colorado State Legislature) requires a 3.0 cumulative undergraduate GPA.
- Some Aims Foundation Scholarships also require a cumulative GPA above 2.0