[Students] Financial Aid Recipients: Reminders
Maria C Ramos
Maria.Ramos at tamuc.edu
Thu May 26 12:26:37 CDT 2016
A few friendly reminders as we approach the start of the summer.
All information is at your fingertips through your myLEO portal/ Financial Aid/Award Year 2015-2016
1. Review your financial aid standards of academic progress (SAP).
a. If you attended in the spring semester, check your (SAP) status
i. Making Academic Progress: Great! Keep up the good work.
ii. Warning: This is just an alert. Nothing seriously is happening. But, you need to study a bit harder in your next semester of enrollment. Remember, we monitor semester GPA, institutional cumulative GPA, completion of hours in the semester based on hours attempted and progress towards the degree. The 150% rule.
iii. Suspension: This is serious. You will not be receiving financial aid for the next semester of enrollment. This is the 2nd time you did not meet one or more of the components of SAP OR you withdrew from all courses in the last semester OR you received all Fs in the last semester. If you see SUSPENSION, look for the email our office sent you. It gives you information on the appeal process.
b. For full details on what is required to maintain financial aid, check our web site Financial Aid Standards of Academic Progress<http://www.tamuc.edu/admissions/tuitionCosts/financialAidandScholarships/satisfactory-academic-progress/default.aspx>.
2. If you were awarded financial aid for the summer, review your Term and Conditions one more time. Each award program will have its own set of conditions regarding enrollment requirements, proration of awards, etc. Some will be the same but others are specific to the program. Be an informed consumer of your financial aid.
3. Summer student loans will have two release dates. Check the home page of our financial aid web site<http://www.tamuc.edu/admissions/tuitionCosts/financialAidandScholarships/default.aspx> for those dates.
4. Release of financial aid to Student Accounts is scheduled to start the evening of May 27th, 2016.
a. This means the financial aid will be applied to your summer student bill NOT your personal bank account.
b. Memorial Day is a federal banking holiday and no banking activity will occur on that day. Student Accounts will have the refund file to HigherOne on Tuesday afternoon. Check your bank account that evening to give time for processing to occur.
5. If you change your registration after a refund is issued, make sure you check your student bill; a balance may have occurred and you are responsible for that balance since you already received your refund.
6. Perfect time to review your financial aid history,<https://studentloans.gov/myDirectLoan/index.action> especially your loan history. At studentloans.gov<https://studentloans.gov/myDirectLoan/index.action> look for the TAB "Tools and Resources/My Financial Aid History"
a. Perfect time to brush up on loan do's and don'ts; how much you may borrow in an academic year, how you can borrow over a lifetime, repayment plans and calculators, etc..
Remember - the information is at your fingertips. Stay informed.
Have a great summer!
Maria del C. Perez-Ramos, Director
Financial Aid and Scholarships
Maria.ramos at tamuc.edu<mailto:Maria.ramos at tamuc.edu>
Mail: P.O. Box 3011 | Commerce, TX 75429
Ship: 2600 South Neal Street | Commerce, TX 75428
Tel: 903.886.5091<tel:903.886.5091> | Fax: 903.886.5098<tel:903.886.5098> | www.tamuc.edu<http://www.tamuc.edu> <http://www.tamuc.edu/>
http://www.tamuc.edu/financialaid
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