Page 160 - CVTC 2022-2023 Student Handbook

• StudentswhoareacceptedinafinancialaideligibleprogramatCVTCandare considering taking one or more courses at another school that apply towards their degree at CVTC or are part of an interwoven program may request a consortium agreement between the schools from their CVTC academic advisor.
• Drugconvictionsmayimpacteligibility.Studentsconvictedofdrugoffensescommitted while receiving federal financial aid may be ineligible for federal financial aid for one (1) or more years from the date of conviction.
• Enrollmentstatusisbasedonthenumberoffinancialaideligiblecreditsinwhicha student is enrolled.
o Full time (12 credits or more)
o Three-quarter time (9-11 credits) o Half time (6-8 credits)
o Less than half time (5 or less)
• Someprogramsarenoteligibleforfinancialaid.
• Somecoursesarenoteligibleforfinancialaidandcannotbeincludedinthe
enrollment status.
• Studentsmustmakesatisfactoryacademicprogressforeachtermofenrollmentto
remain eligible for financial aid the following term. Visit the Academic Policies page in MyCVTC > Records & Registration for the most current satisfactory progress standards.
• Repeatedcoursesmayonlybeincludedinfinancialaidcreditsonceafteracourseis passed.
• Auditedcreditsandcreditforpriorlearningcreditsarenotincludedwhendetermining financial aid enrollment status for the term.
• Studentsmustcompletetheireducationalprogrambeforeattempting150%ofcredits required for graduation from the program. When the student can no longer complete their program within the 150% timeframe, they become ineligible.
Types of Financial Aid
Grants are financial aid that does not have to be repaid except under provisions of the Title IV Return of Funds policy and attribution.
Work Study is employment at the College. Paid community service jobs are also available. Positions are posted at MyCVTC > Pay for College > Work Study Employment
Loans are borrowed money that must be repaid with interest. A repayment calculator is located at www.studentloans.gov under managing repayment. Visit MyCVTC > Pay for College > Financial Aid > Loans for more information.
• DirectSubsidizedLoan:interestispaidbythegovernmentwhilethestudentis enrolled in 6 or more credits, or in deferment.
• DirectUnsubsidizedLoans:interestaccruesstartingthedateofdisbursement.
• ParentPlusLoans:interestaccruesstartingthedateofdisbursement.
PAYING FOR COLLEGE
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Financial Aid Assistance Programs
Federal College Work Study
Federal Indian Student Assistance Program
Federal Parents Direct PLUS (Parent) Loans
Federal Pell Grant
Federal Subsidized Direct Loans Federal Supplemental Educational Opportunity Grant
Federal Unsubsidized Direct Loans
Wisconsin Fund for Scholars Wisconsin Hearing/Visually Handicapped Student Grant Wisconsin Grant
Wisconsin Minority Retention Grant Wisconsin Native American Grant Wisconsin Nursing Student Loan Wisconsin Talent Incentive Program Grant