2009-2011 - Benedict College

36 STUDENT FINANCES
FINANCIAL AID POLICIES
The Higher Education Act mandates that institutions of higher education establish minimum standards
of "satisfactory progress" for students receiving financial aid. To receive financial aid at Benedict
College, a student must be making satisfactory academic progress as outlined below. These requirements
apply to the following Federal programs: (Pell Grant, Supplemental Educational Opportunity
Grant, College Work-Study, Stafford Loans, Parent Loans, and Supplemental Loans.). The maximum
time frame for receiving financial aid is the total number of semester credit hours necessary to complete
the program multiplied by 150%. All courses attempted, completed (including F, W, and I), and
transferred attempted hours count towards the maximum time frame limit. Additionally, all courses
taken in which no financial aid was received will count toward the maximum time frame. In order to
receive Title IV funds, students must be in an eligible program and enrolled in courses that are required
for their program.
All students receiving the South Carolina Tuition Grant (SCTG) must also pass a minimum of 24
semester hours per year to maintain eligibility as stated by the South Carolina Tuition Grants
Commission. Students are able to attend both summer sessions if they fall short of obtaining the
required 24 hours for the academic year to receive SCTG.
Students receiving the LIFE Scholarship must maintain a cumulative 3.00 grade point average and 15
hours per semester enrolled.Students receiving the Hope Scholarship must earn a 3.0 or better GPA
and graduate from a South Carolina high school. This scholarship is awarded to freshmen students
and is non-renewable.
Transfer students meeting satisfactory academic progress requirements are eligible for financial aid
(see Student Finances) upon receipt of the Financial Aid transcript from the college previously
attend¬ed and evaluation of their transcript from that college.
STUDENT FEES
Special fees are assessed for fine arts courses, science courses and the student teaching courses.
Students may settle their accounts through Financial Aid and/or cash payments, cashier's checks,
credit cards, and money orders. Personal checks will be accepted provided the following information
is printed on the check: complete address, home phone number, work phone number, and driver's
license number.
The costs of attending Benedict College includes, but is not limited to tuition, room and board, and fees
assessed at the lowest possible level without sacrificing quality and excellence. In estimating the total
cost of expenditures for a college year, students should include the costs of books, supplies, travel,
educational tools, and personal items in their financial packages.
The current costs for boarding and non-boarding students to attend Benedict College are published
and distributed by the Office of Student Financial Services.
REFUNDS
A student is entitled to a refund once the student account reflects a credit balance. A credit balance is
not created until most or all of the financial aid awarded is received by the College. The Assessment
sheet received at registration is the expected credit balance you will receive once all funds are
received by the College. This amount is subject to change if your financial aid award should change
for any reason or any additional charges are assessed to your student account.
GENERAL REFUND POLICY
Refund checks are generated within 14 days of the date that the credit balance is created. Any amount
refunded in excess of the student’s account credit balance because of subsequent adjustments is the
responsibility of the student and any over payments will be due to Benedict College. Refund checks
are generated in the student’s name unless it is a Parent Plus Loan refund, then it is generated in the