Undergraduate Catalog 2008-2010 - Immaculata University

If a student earned less aid than was disbursed, the institution
would be required to return a portion of the funds and the student
would be required to return a portion of the funds. Keep in mind
that when Title IV funds are returned, the student borrower may
owe a debit balance to the institution.
If a student earned more aid than was disbursed to him/her, the
institution would owe the student a post-withdrawal disbursement
which must be paid within 120 days of the student’s withdrawal.
The institution must return the amount of Title IV funds for
which it is responsible no later than 45 days after the date of the
determination of the date of the student’s withdrawal.
Refunds are allocated in the following order:
• Unsubsidized Federal Stafford Loans
• Subsidized Federal Stafford Loans
• Unsubsidized Direct Stafford Loans (other than
PLUS loans)
• Subsidized Direct Stafford Loans
• Federal Perkins Loans
• Federal Parent (PLUS) Loans
• Direct PLUS Loans
• Federal Pell Grants for which a Return of
funds is required
• Federal Supplemental Opportunity Grants for
which a Return of funds is required
• Other assistance under this Title for which a
Return of funds is required (e.g., LEAP)
Grade Level Advancement Policy
2008-2009 Tuition and Fee Guidelines
All students will be billed when registration occurs. Any student
adjusting their schedule after billing has occurred will receive an
adjusted bill in the next billing period.
All undergraduate, part-time, College of LifeLong Learning, and
College of Graduate Studies students will be billed based on the
student’s level (undergraduate or graduate) and by the college
offering the course.
Full-time undergraduate students are charged annual tuition &
fees based on the student’s major and the cumulative credits a
student has earned, which determines a student’s classification (i.e.
Freshman, Senior).
The following is the credit/classification table:
Classification
Cumulative Credits
Freshman 0.0 – 23.0
Sophomore/Pre-Junior 24.0 - 53.0
Junior 54.0 – 89.0
Senior 90.0+
The chart below demonstrates how grade level is determined at
Immaculata.
Class Quarter Credits Grade Level
Freshman year 0–23.0 1
Sophomore year 24.0 – 53.0 2
Junior year 54.0 – 89.0 3
Senior year 90.0–999 4
Graduate 0–999 quarter or semester credits N/A
Enrollment Requirements
To be considered for financial aid you must be officially
admitted to a degree program at Immaculata University or
matriculated in a degree program and making satisfactory academic
progress toward degree requirements. Students in certain certificate
or diploma programs may also be eligible for consideration.
Generally, university-administered aid is awarded to full-time students.
Students must register for a minimum of 12 credits per term to
be considered full-time as an undergraduate, and 9 credits as a
graduate.
Part-time students (fewer credits than full-time status) may be
eligible for a Federal Stafford Loan or a Federal Parent Loan for
Undergraduate Students (PLUS), but they must also maintain
satisfactory academic progress.
FINANCIAL ASSISTANCE POLICY
Immaculata assists academically capable and qualified students
who might otherwise be unable to obtain an education at
Immaculata. The Office of Financial Aid provides aid to all
students with documented financial need without regard to race,
color, creed, gender, handicap, and national or ethnic origin. All
students are encouraged to apply for admission regardless of
financial need. All admission decisions are made without respect to
the applicant’s financial need.
Immaculata expects parents and students to contribute toward
the cost of the student’s education. To the extent that funds are
available, a student’s financial aid package will contain both gift
(grants and scholarships) and self-help (employment and loans)
forms of assistance.
Applicants for financial aid must meet federal criteria of U.S.
citizenship or be eligible non-citizens to receive need-based aid. To
qualified students, Immaculata offers financial aid in the form of
scholarships, loans, grants, and campus employment on the basis of
the applicant’s academic promise and financial need, and within the
limits of the funds available. About 90% of the students in the
College of Undergraduate Studies receive some form of financial
assistance.
The Office of Financial Aid acts on the applications of entering
students only after a candidate has been accepted for admission.
Applications from veterans should indicate the extent of eligibility
for Veterans’ Benefits.
APPLICATION PROCEDURES
Financial assistance is awarded for one year only and renewal is
not automatic. All forms of financial aid must be reapplied for
annually. In addition to complying with renewal criteria for the
different aid programs described in the following sections, students
who wish to be considered for financial aid must submit all required
applications by the filing deadline of April, 15th of each year.
Filing Requirements for First-time students
All incoming first-time students are encouraged to complete
the Free Application for Federal Student Aid (FAFSA) by the
priority filing deadline of February 15. The FAFSA is available via
the internet at http://www.fafsa.ed.gov, or by calling 1-800-433-
3243. Immaculata’s Department of Education Code for filing the
FAFSA is 003276. Students who wish to borrow a Federal Stafford
Loan must complete a loan entrance interview online and complete
and sign a Master Promissory Note either online or by mail.
Students will have the option of selecting a lender and guarantor of
their choice.
Renewal Application Procedures for Continuing Students
Continuing students must apply for financial aid each
year. Renewal FAFSAs are available online after January 1st of each
year at http://www.fafsa.ed.gov. Continuing students must file all
required applications by April 15. We highly recommend filing on
the internet at www.fafsa.ed.gov.
Financial Assistance Application Procedures for Transfer Students
Transfer students must follow the same application procedures
as all other financial aid applicants by submitting the FAFSA.
Academic transcripts are required for measuring the
satisfactory academic progress of PHEAA State Grant recipients as
well as determining grade level for loan eligibility.
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