Nov 09, 2024  
2013-2014 VSCC Catalog 
    
2013-2014 VSCC Catalog [ARCHIVED CATALOG]

Financial Aid


Student Financial Aid

The purpose of Student Financial Aid is to provide a comprehensive program of financial assistance to qualified students who would find it difficult or impossible to attend Volunteer State Community College without financial assistance.

Financial aid is administered in conjunction with the nationally established policy and philosophy that the student and his/her family have the primary responsibility for financing a college education. Financial assistance is designed only for filling in the gap between the family’s potential resources and the student’s expenses.

All applicants for financial aid must submit the Free Application for Federal Student Aid (FAFSA). This form is on-line at www.fafsa.ed.gov. April 15 is the priority date for applying for federal financial aid for the Fall semester. After this date, financial aid will be awarded on a first-come, first serve basis until all funds have been exhausted.

Renewal of aid is not automatic; student must file a new FAFSA form each academic year. All first-time applicants must be fully accepted for admission by the College before aid will be awarded. For inquiries you can e-mail the Financial Aid Office at financialaid@volstate.edu.


 

Standards of Academic Satisfactory Progress

Volunteer State Community College has established the following standards of “Satisfactory Academic Progress” applicable to all Title IV funds. These funds include Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Work-Study Program, and Federal Direct Student Loans. The following institutionally awarded state funds are subject to the same “Satisfactory Academic Progress” standards, Tennessee Student Assistance Award, Tennessee Educational Lottery Scholarships, and Access and Diversity Grants. The purpose of this policy is to maintain a consistency for all students receiving these sources of aid.

 

Federal and state regulations require that students maintain adequate academic progress toward receiving a degree or certificate in order to continue eligibility for Title IV financial aid programs.  The following standards are for Title IV financial aid purposes only and does not replace or override VSCC academic policies. 

Criteria Requirements     

           

1.      Qualitative:    Cumulative Grade Point Average Requirement

 Students must maintain a minimum grade point average based on the number of credit hours attempted at VSCC (including remedial, developmental and learning support classes).   Transfer credits and the grades received in those courses are not considered in this GPA calculation. The following cart outlines the cumulative GPA a student who is receiving Title IV funding must maintain according to the number of institution combined GPA hours attempted:.  

Institutional Combined GPA Hours Attempted   -                  

                              0-14        14.1        26.1        40.1        48.1        56.1

Cumulative GPA     -              1.0          1.4          1.7          1.9         2.0

 

2.      Quantitative:  Pace – Measurable Progress Requirement

 

Students must complete, with a passing grade, 66.7% of all classes attempted including transfer hours.  Grades of W, I, K,YC, or Fare considered in this calculation and will negatively impactthe student where measurable progress is concerned.

 

3.      Maximum Time Frame (MTF)

 

Students must complete their program of study within 150% of the published length of the program.  For associates degree programs, students are allowed to receive Title IV financial aid up to the first 90 hours attempted.  Students enrolled in Title IV eligible certificate programs may receive aid through completion of 150% of the individual program length.  Transfer credit and repeated coursework will negatively impact the student.  All VSCC coursework is included in this measurement even if it does not apply to the student’s current program. 

 

Students are limited to 30 attempted hours of remedial, developmental, and learning support coursework.

 

Financial Aid Warning and Probation

 

The Financial Aid Office will evaluate each of these measurements at the end of each academic term.  Students, who do not meet the standards of the GPA or Pace will be placed on Financial Aid Warning.  

 

Students in this status may continue to receive Title IV financial aid for one additional semester.  At the end of that semester if they have not met the GPA and/or Pace requirement, they will be placed on Financial Aid Probation (suspension).  Students on Financial Aid Probation will be ineligible to receive any Title IV financial aid (including loans) and must take classes at their own expense until GPA and/or Pace meet the standards outlined in this policy.

 

*EXCEPTION:  Students who earn zero credit hours with a zero grade point average will be removed from Title IV Financial Aid without a Financial Aid Warning Period

 

Students who do not meet the Maximum Time Frame (MTF) measurement are not eligible for a Financial Aid Warning Period and immediately become ineligible for Title IV financial aid.

 

Appeal Process

 Students can file a Financial Aid Appeal to regain eligibility if there were extenuating circumstances that impeded the student’s academic progress, which subsequently placed the student on Financial Aid Warning or Probation/Suspension status and prevented the student to be from receiving Title IV financial aid.  To successfully appeal the student must:

 

1.        Complete a Request for a Financial Aid Appeal Form.  The student must provide an explanation of the circumstances which caused their past unsatisfactory performance during the previous two semesters and documentation of the extenuating circumstance. 

t           2.        The student must also state how the issues have been corrected or list the steps they are currently taking to ensure that circumstances do not reoccur.

 

Students may obtain the Request for a Financial Aid Appeal Form at MyVolstate Portal under Financial Aid.  These requests with supporting documentation are to be returned to the Financial Aid Office.  For a student’s request to be considered, he/she must submit all paperwork by the published deadline. All requests will be reviewed by the Financial Aid Appeal Committee.

 

                        Appeal Process for Maximum Time Frame (MTF)

 

            Students who have exceeded the MTF may have their limit extended by an amount equal to any transfer credit work applied to academic history that does not apply to their current program of study, or the number of hours remaining to graduate. In order to appeal MTF, the student must complete the Request for a Financial Aid Appeal Form and provide documentation where required.  Based on the review of this request and the student degree audit, students may have their MTF limit extended.

 


FEDERAL AND STATE AID PROGRAMS

Federal Work-Study Program
The Federal Work-Study Program is a federally funded program to provide funds for the employment of students who demonstrate need as determined by FAFSA. To participate in this program, students must be accepted for admission to VSCC and maintain satisfactory academic progress.

The FWS program provides jobs for students with financial need, allowing them to earn money to help pay educational expenses. Students may work an average of 10 hours per week.

Federal Pell Grant
The Federal Pell Grant is a federally funded program based on need as determined by FAFSA. The amount of the actual grant is based upon family contribution as determined by the federal government. You may apply for federal aid on line at www.fafsa.gov.

Federal Supplemental Educational Opportunity Grant Program
The Federal Supplemental Educational Opportunity Grant (FSEOG) is a federally subsidized program. FSEOG is awarded to students with exceptional financial need as determined by FAFSA.

Tennessee Student Assistance Award
The Tennessee Student Assistance Award Program was established by the Tennessee General Assembly in 1976. The purpose of the program is to provide non-repayable financial assistance to financially needy undergraduate students who are residents of Tennessee and are enrolled, or accepted for enrollment, at an eligible post secondary educational institution in Tennessee. Students must be enrolled at least half-time.

Maximum award amounts are determined by the TSAC Board of Directors prior to the beginning of the fall term. No student will receive an award greater than the amount of tuition and mandatory fees assessed by the institution attended.

In order to apply for the state grant, you must complete a FAFSA application prior to February 15 for the upcoming fall term.


FEDERAL DIRECT STUDENT LOAN PROGRAM

Federal Direct Student Loan
A Federal Direct Student Loan is a variable low-interest loan made to students to help cover their educational cost. There are two types of Direct Student Loans: Subsidized - where the government pays the interest while the student is in school, deferment and grace period; Unsubsidized - where the student pays the interest while in school, deferment and grace period. The FAFSA application is used in making the determination as to whether the student is eligible for a subsidized loan or an unsubsidized loan.

After you graduate, leave school or drop below half-time enrollment, you have a six-month grace period before you begin repayment. The federal government will send you information about repayment.

Federal Direct PLUS Loan Program
The Federal Direct PLUS Loan Program provides a source of loan funds to the parents of dependent undergraduate students. PLUS borrowers are required to file a FAFSA application. Parents can borrow up to the cost of education minus other financial aid for the student. The interest rate on PLUS loans is at a variable rate not to exceed 9%. Repayment on both principal and interest begins within 60 days after the loan is fully disbursed. There is no grace period for these loans. Interest will begin to accumulate at the time the first disbursement is made.

TENNESSEE EDUCATION LOTTERY SCHOLARSHIP PROGRAMS

The Tennessee Education Lottery Scholarship program is intended to provide scholarship funds to offset costs associated with pursuing postsecondary education.  The Lottery Scholarship program includes the HOPE Scholarship, Aspire Award, General Assembly Merit Scholarship, Tennessee HOPE Access Grant and the Non-Traditional HOPE Scholarship.

General eligibility requirements for each program include:

HOPE Scholarship - Applicants must submit a FAFSA each academic year and have a minimum 21 ACT composite or 980 SAT on a national test date or have a final cumulative 3.0 GPA for entering freshmen graduating from eligible public or category 1, 2 or 3 private high school. GED students must have the minimum ACT/SAT test score as stated above and a 525 on the GED Test. TN home school and non-category 1, 2 or 3 private high school graduates must have minimum ACT/SAT test scores stated above and must have been enrolled in the school for 2 years immediately preceding graduation. If a student ceases to be eligible for HOPE, except for GAMS or HOPE Access Grant, the student may regain HOPE one-time only, after they meet the regain requirements.

Aspire Award - Applicants must meet the HOPE Scholarship requirements and parents’ or independent student’s (and spouse’s) adjusted gross income must be $36,000 or less on the appropriate year tax form. Student may receive Aspire or GAMS, but not both.

General Assembly Merit Scholarship - Applicants must submit a FAFSA each academic year. Entering freshmen graduating from eligible public or category 1, 2 or 3 private high schools must have at least a final cumulative 3.75 GPA and 29 ACT composite/1280 SAT on a national test date. Home school and non-category 1, 2 or 3 private high schools must, during the course of the home school program or while attending high school, enroll in at least 4 courses totaling at least 12 semester hours and achieve a cumulative GPA of at least 3.0 at an eligible postsecondary institution. Students may receive Aspire or GAMS, but not both.

Tennessee HOPE Access Grant - Entering freshmen graduating from eligible public or category 1, 2 or 3 private high schools must have at least a final cumulative 2.75 - 2.99 GPA and 18, 19 or 20 ACT Composite or 860 -970 SAT on a national test date AND parents’ or independent student’s (and spouse’s) adjusted gross income must be $36,000 or less on tax form. This award is non-renewable after 24 attempted hours, however students may become HOPE eligible if they meet the HOPE renewal criteria at the 24 hour benchmark.

Non-Traditional HOPE Scholarship - The Tennessee Lottery offers a scholarship for the adult learner. In order to be considered, you must meet the following criteria:

  • Be age 25 or older and enroll in an eligible postsecondary institution as an entering freshman or have not been enrolled for at least two (2) years after last attending any postsecondary institution and not earned a baccalaureate degree
  • The adjusted gross income attributable to the student must be no more than $36,000 per year
  • Be continuously enrolled at an eligible postsecondary institution in the fall and spring semesters and maintain satisfactory academic progress as outlined by the College or University
  • Have a minimum cumulative GPA of 2.75 after attempting 12 semester hours
  • Complete the Free Application for Federal Student Aid (FAFSA) by the September 1, deadline date for Fall and February 1, deadline date for Spring and Summer

Contact the Volunteer State Community College Financial Aid Office if you feel that you meet these requirements and they will evaluate your eligibility for the Non-Traditional Hope Scholarship.

Tennessee HOPE Scholarship Renewal Criteria
Eligibility shall be reviewed at the end of the semester in which the student has attempted a total of 24, 48, 72, 96 or any subsequent multiple of 24 semester hours. Additional, at 72 attempted hours and beyond, students may be reviewed at the end of each semester if they maintain the award on a provisional basis, contact the Financial Aid Office for details.

  • Must have a cumulative GPA of 2.75 after 24 and 48 attempted hours. After attempting 72 hours and beyond a student may retain the award by either:
  • Achieving a cumulative GPA of 3.0 or above, or
  • Achieving a cumulative GPA of 2.75-2.99 AND a semester GPA of at least 3.0 in the preceding term for which the student will receive the award as a full-time enrolled student
  • Must maintain satisfactory academic progress AND continuous enrollment
  • Scholarship is terminated after attainment of baccalaureate degree OR 5 years have passed from initial enrollment – whichever occurs first
  • Be enrolled in at least 6 hours; 12 hours if eligible on the provisional basis

Helping Heroes Grant - This grant is funded by the Tennessee Lottery Scholarship Program. It is awarded on a first-come-first-served basis with a limit of 375 awards made per semester. The Helping Heroes Grant is designed to serve former members of the armed forces, reserve or National Guard who were called into active duty and have met the following general criteria:

  • Received an honorable discharge and has been awarded The Iraq Campaign Medal, The Afghanistan Campaign Medal or after 9/11/01, received The Global War on Terrorism Expeditionary Medal
  • Be a Tennessee resident 1 year prior to application deadline
  • Be admitted to and enrolled in an eligible postsecondary institution
  • Must not have received a baccalaureate degree
  • Complete the Helping Heroes Grant Application

HOPE Foster Child Tuition Grant - The Chafee Education and Training Voucher Program provides resources specifically to meet the education and training needs of youth aging out of foster care. This award along with all other available financial aid sources shall be applied towards the student cost of attendance before utilizing awards offered through the HOPE Foster Child Tuition Grant. Students must be eligible for the HOPE Scholarship or HOPE Access Grant and have been in the custody of the Department of Children Services for at least 1 year after their 14th birthday in order to be considered for this grant. TSAC will work with the Department of Children Services to identify recipients.

The TN Lottery Scholarship requirements are subject to change each July 1, pending legislative ruling.

Dual Enrollment Grant Program -The Dual Enrollment Grant Program is funded by the Tennessee Lottery and administered by the Tennessee Student Assistance Corporation. This program provides opportunities for students to begin working toward a college degree, while still pursuing a high school diploma. The award amount is up to $300 per semester for one (1) course. Students may take up to (2) courses per semester for a total grant amount of $600 per semester (not to exceed $1,200 per academic year). The student must meet the minimum HOPE Scholarship academic requirements at the time of dual enrollment. Student should apply online at www.tn.gov/collegepays/mon_college/dual_enroll_grant_rules.htm

 

Diversity Grant
The Diversity Grant is a program for students over the age of 24 with priority given to students of other races and first generation college students. The student must submit a FAFSA application for consideration for the Diversity Grant and must maintain Academic Satisfactory Progress standards.


Presidential Scholarships
Graduating seniors may be eligible for a Presidential Scholarship in the amount of $3,500.  When awarded, the student agrees to work on campus 75 hours per semester.  Five new and five renewal scholarships will be awarded annually.

In order to apply for the Presidential Scholarship, the student must complete a VSCC Scholarship Application and submit all required admission documents by the appropriate deadline.  Entering freshmen must have at least a 3.5 high school GPA (seventh semester) and an ACT of at least 26.

To retain the award, the student must have completed the required work obligation and pass a minimum of 12 hours with a 3.0 semester GPA.

This scholarship will be awarded for only four semesters.


VSCC Academic Service Scholarships
The VSCC Academic Service Scholarship is in the amount of $2,000 per academic year. This scholarship involves on-campus work obligations on the part of the student. The VSCC Academic Service Scholarship is awarded to a limited number of incoming freshmen whose high school records show academic excellence. The requirements for this scholarship are a high school grade point average of 3.0 or more and an ACT at least 21. The application priority date for Fall Semester is March 1.


Workforce Investment Act (WIA)
Eligible WIA recipients may receive various types of financial assistance as they pursue career training/retraining. Businesses, government, and schools work together to provide vocational or employability skills to those who are out of work or who need new skills/training to successfully enter the job market. Volunteer State Community College works in conjunction with those WIA agencies that are sponsoring these students here at VSCC. The Office of Special Adult Programs works to coordinate these effects and help with the transition of attending school.


PC 191 Fee Waiver
Employees of TBR or UT system schools are eligible to enroll in one credit class per term using the PC 191 fee waiver. The eligible employee must complete a fee waiver application with their personnel office each semester. The fee waiver form should be forwarded to the VSCC Financial Aid Office prior to registration or no later than 10 days after the term begins.


TBR Employee Dependents (Children or Spouse) Discount
Employees of TBR or UT system schools dependent children (under the age of 26) or spouse is eligible to receive a 50% discount toward maintenance fees each semester. The eligible employee must complete and submit a new discount form for their dependent child or spouse each semester prior to registration or no later than 10 days after the term begins.


Public School Teacher/State Employee Dependent Discount
Dependent children (under the age of 24) of a certified public school teacher or a full time State employee are eligible to receive a 25% discount toward maintenance fees each semester. The eligible employee must complete and submit a new discount form for their dependent child each semester prior to registration or no later than 10 days after the term begins.


State Employee Fee Waiver
Eligible employees of the Tennessee State Government are eligible to enroll in one class per term. This is called a fee waiver. The eligible state employee must complete the necessary paperwork with their personnel office and have that paperwork forwarded to the VSCC Financial Aid Office prior to registration and no later than 10 days after the term begins.