Radford University Undergraduate Catalog, 2011-2012
Radford University Undergraduate Catalog, 2011-2012
Radford University Undergraduate Catalog, 2011-2012
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Student Aid (FAFSA) by February 15. Forms<br />
and further information about the needs analysis<br />
system may be obtained from high school guidance<br />
counselors, the Financial Aid Office, or the<br />
<strong>Radford</strong> <strong>University</strong> Financial Aid website at:<br />
http://finaid.asp.radford.edu/.<br />
Currently enrolled students may obtain<br />
FAFSA worksheets from the university’s Financial<br />
Aid Office or complete the FAFSA through<br />
the web at: http://fafsa.ed.gov/.<br />
The FAFSA for renewal students also should<br />
be filed by February 15.<br />
<strong>Radford</strong> awards financial aid separately for<br />
the academic year and the summer terms.<br />
<strong>Undergraduate</strong> students who plan to be enrolled<br />
during the summer must submit a separate<br />
university summer Financial Aid Application.<br />
The Free Application for Federal Student Aid<br />
form, however, needs to be completed only once<br />
annually and is effective for both the academic<br />
year and the following summer sessions.<br />
Disbursement of Financial Aid<br />
All types of financial aid are credited to the<br />
student’s account at the beginning of each term<br />
with the exception of work-study and some loans.<br />
These financial aid funds must be used first to<br />
pay the required university charges outstanding<br />
at that time. All awards will be disbursed equally<br />
over the course of the two academic semesters<br />
unless the student applies for only one term. Financial<br />
assistance awarded for the summer terms<br />
will be indicated for the specific term.<br />
<strong>Radford</strong> <strong>University</strong> participates in Electronic<br />
Funds Transfer (EFT) of William D. Ford<br />
Direct Lending Education Loan funds.<br />
This option of disbursing loan proceeds is<br />
an additional service that the university offers<br />
its students. Financial aid applicants will receive<br />
information with their award package regarding<br />
this service.<br />
Refund of Excess Financial Aid<br />
If a student’s Federal and/or Alternative<br />
Loan funds are received electronically he/she<br />
may have the excess aid deposited into his/her<br />
checking or savings account. If this option is not<br />
chosen, a refund check will be mailed to the student’s<br />
mailing address.<br />
If PLUS Loan funds that are received<br />
electronically remain as excess on a student’s<br />
24<br />
account, with parent permission, the balance<br />
can be electronically deposited into the student’s<br />
checking or savings account. If this option is<br />
not chosen, a refund check will be mailed to<br />
the student’s mailing address. If the parent borrower<br />
does not authorize the refund of excess<br />
PLUS funds to the student, a refund check will<br />
be mailed to the parent borrower.<br />
Satisfactory Progress<br />
Financial aid awards are conditional on<br />
students maintaining satisfactory progress in<br />
their course of study according to academic and<br />
progress requirements. Satisfactory progress for<br />
financial aid purposes requires that the student<br />
meet the university’s progress requirements and<br />
maintains progress toward a degree. Additional<br />
progress requirements exist for the state financial<br />
aid programs. For financial aid recipients,<br />
the policy can be obtained from the RU Financial<br />
Aid Office or from the RU Financial Aid<br />
website: http://www.radford.edu/content/financial-aid/home.html/<br />
The academic progress of students who fail<br />
to meet the minimum standards will be reviewed<br />
each semester of the school year. At that time financial<br />
assistance may be awarded, if available,<br />
to those students who improve satisfactorily.<br />
Class Standing<br />
Students who wish to receive funds from<br />
the Federal Direct Lending Program or the Federal<br />
Parent Direct Lending for <strong>Undergraduate</strong> Students<br />
(PLUS) program will have their class standings determined<br />
at the beginning of the semester in which<br />
they are applying for financial assistance. Students<br />
with 26 semester hours will be classified as sophomores,<br />
with 56 semester hours as juniors and with<br />
86 semester hours as seniors.<br />
Rights and Responsibilities of Student<br />
Recipients<br />
As a recipient of state or federal aid, each<br />
student has certain rights and responsibilities.<br />
Knowing what they are will place the student in<br />
a better position to make decisions about educational<br />
goals and how they best can be achieved.<br />
If at any time there are questions about financial<br />
aid, students should come to the Financial<br />
Aid Office where there is additional information<br />
available concerning their legal rights and<br />
responsibilities.
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