Academic Calendar 2011-2012 - Chesapeake College

Student Financial AssistanceChesapeake College Policies and ProceduresTwo Pell Grants in One Award YearEffective July 1, 2011Definition: Chesapeake College may pay eligible students upto 200 percent of the student’s Scheduled Award in Federal PellGrant for the award year. Students who used 100 percent oftheir scheduled award in a given year were previously ineligible.Now under new DOE guidelines a student may be entitled toadditional Pell Grant funds if they meet the following eligibilityrequirements:1. Students must have exhausted 100 percent of the firstscheduled award before they can be considered for asecond scheduled award.2. The student must be enrolled in a minimum of six creditsfor all terms including summer.program. Students who are taking courses to fulfill atransfer requirement are not considered degree-seekingonce graduated. Chesapeake College reserves the right tolimit the number of programs a student may receivefederal aid to two AA, AS, AAS or AAT programs.Non-degree-seeking and Letters of Recognition areNEVER eligible for federal aid.11. The Assumption Method of determining academicprogression will be used for transfer students,therefore; we will review the scheduled Pell Grantaward and calculate based on the disbursed award todetermine credits earned. The United States Departmentof Education has provided a formula for determiningprogression as follows:• Amount disbursed at prior institution x 29 hours =hours considered completed.*`3. For summer 2011 the student MUST have a 2010/2011FAFSA and completed verification documents andPell eligible FAFSA on file at Chesapeake Collegebefore any consideration will be given prior to thepay-by-date of May 5th, 2011. All students areencouraged to complete the 2011/2012 FAFSA inorder to maximize the amount of aid eligible to receive.4. The Financial Aid Office will determine which ISIRwould permit the largest Pell Grant award and awardthe student accordingly.5. Students must be making satisfactory academic progress,therefore; no student who is currently on WARNING/PROBATION status will be eligible for a secondscheduled award.6. Students must earn 29 credits during the academic yearto show academic progression or acceleration. At leastone credit during the eligible term may apply towardsthe second year progression.7. Students enrolled in developmental credits will beconsidered to have met academic progression aslong as they pass the course(s) even though there areno credits to be earned as long as the total hours meetthe 29 credits required during the academic year.8. Awards are calculated the same way for summer as infall and spring, according to the Federal Pell GrantScheduled Payment Chart for the award year .9. Students must be admitted into a two-year degreeseeking program (One year certificate programs areINELIGIBLE for two Pell Grant awards in one year.)• Amount of scheduled award at prior institution.*We will round down any fractions.12. Remedial courses are eligible for an additional PellGrant award.13. Students should understand that additional Pell Grantawards will count towards the federal regulationgoverning an aggregate limit on Federal Pell Grant. Thestudents’ life-time aggregate limit is 900 percent of theirscheduled awards. The federal regulation limits PellGrant eligibility to nine scheduled awards and appliesonly to first-time Pell Grant recipients beginning in the2008/2009 school year.14. Federal aid will be disbursed the same way for all terms,after enrollment verification has been completedand the 20 percent point has passed. Funds aredisbursed the fourth week of class and refund checks(if a student is eligible) are mailed within 10 days ofdisbursement.Examples:Two Pell Grants in One Award Year – StudentAcademic Year Progression Example:Fall 2010 - Full-timePell Grant Award: $277515 credits earned50% of firstscheduled awardSpring 2011 - Full-timePell Grant Award: $277514 credits earned50% of firstscheduled award10. Students who graduate in May, may return in the summerand receive an additional Pell Grant award IF they havebeen admitted into another two-year degree-seeking19