Student Eligibility Requirements
In order to be eligible to receive funds from any of the Federal Financial Aid Programs, a student must be a U.S. Citizen or permanent resident, enrolled on at least a half-time basis. Each of the individual programs also has specific requirements regarding such factors as financial need, undergraduate status, and program eligibility. Federal Pell Grants may be awarded to students attending less than half time.
In addition to these general and specific requirements, there are several conditions that must be met before a student can receive funds from any federal student financial aid program.
All students who receive federal financial aid must be making satisfactory progress in an eligible course of study and must not be in default or delinquent on a federal loan or owe a refund on a federal grant. Each institution participating in the college-administered Federal Financial Aid Programs is responsible for determining the eligibility of students participating in its programs. Stevenson University makes awards under these programs reasonably available (to the extent of available funds) to all eligible students in the institution who are in need of such funds. Award packages will be constructed based on the individual student's demonstrated need, the program eligibility of the student, and the extent of available funds for the given award period.
In the event that the number of students eligible for awards exceeds the funds available, the University will give preference to those students who demonstrate the greatest financial need. In determining who has the greatest financial need, the institution will take into consideration grant assistance that has been provided to the student by any public or private source.
For maximum consideration for college-administered aid programs, students are urged to submit all documents for financial aid by February 15. Materials received after that time will continue to be processed as long as funds remain available.