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</o:shapelayout></xml><![endif]--></head><body bgcolor=white background="cid:image001.jpg@01CC6637.3FC82EE0" lang=EN-US link=blue vlink=purple><img src="cid:image001.jpg@01CC6637.3FC82EE0" v:src="cid:image001.jpg@01CC6637.3FC82EE0" v:shapes="_x0000_Mail" width=0 height=0 class=shape style='display:none;width:0;height:0'><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>Our office wants to welcome everyone back to the beginning of another academic year and we want to send out a few reminders to get everyone started on the right track.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:blue'>Minimum number of hours:<o:p></o:p></span></p><p class=MsoNormal style='margin-left:.5in'><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>One of the requirements of financial aid is that the student must maintain a certain level of credit hours. The minimum is 6 credit hours. Our office started releasing financial aid on the 19<sup>th</sup> of this month which was the earliest day we could start to release financial aid to the Office of Student Accounts. We are monitoring enrollment level daily through census day of this semester, September 14, 2011. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal style='margin-left:.5in'><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>Students who drop below 6 credit hours and remain at less than 6 credit hours will not be eligible for financial aid. Monitoring has started and already we are noticing students who have dropped below the 6 credit hour minimum. Notices will be sent to students no longer in 6 credit hours to see if there are plans to add a course here and there. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><a href="http://web.tamu-commerce.edu/admissions/tuitionCosts/financialAidandScholarships/financialAid/awardingAid/satisfactoryAcademicProgress.aspx">Financial Aid Standards of Academic Progress</a><o:p></o:p></span></p><p class=MsoNormal style='margin-left:.5in'><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>Students need to also remember that to maintain financial aid eligibility for future enrollment, Financial Aid Standards of Academic Progress need to be followed each semester. The Financial Aid Standards of Academic Progress will be monitored at the end of each semester of enrollment. <o:p></o:p></span></p><p class=MsoNormal style='margin-left:.5in'><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><a href="http://web.tamu-commerce.edu/admissions/tuitionCosts/financialAidandScholarships/financialAid/awardingAid/withdrawalPolicy.aspx">Return to Title IV Refunds</a><o:p></o:p></span></p><p class=MsoNormal style='margin-left:.5in'><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>We all know that there are instances when a student finds themselves in a situation where they must fully withdraw from the semester. Students who receive financial aid and fully withdraw from A&M-Commerce may find that they must repay all or part of the aid awarded. This calculation falls under the Return to Title IV Refunds process. Since the financial aid is released to pay tuition and fees and any credit balance issued to the student via a refund, the university no longer has access to the funds. Therefore, the university returns the funds to the appropriate federal financial aid program(s) affected. The student then owes the university. <o:p></o:p></span></p><p class=MsoNormal style='margin-left:.5in;text-indent:.5in'><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>We find that the best analogy as to why the repayment needs to happen is to give the following example:<o:p></o:p></span></p><p class=MsoNormal style='margin-left:1.5in'><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>Imagine one is employed and one receives 4 months of salary in advance all at the same time. <br>The condition is that one must work up to a certain point in time in order to keep all the advanced salary. <br>If one were to quit prior to the specific point in time, then repayment may need to occur. <br>The amount that will need to be paid back will be based on the date one quits. <o:p></o:p></span></p><p class=MsoNormal style='margin-left:1.5in'><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'>Have a great Fall!<o:p></o:p></span></p><p class=MsoNormal style='margin-left:1.0in'><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif";color:black'><o:p> </o:p></span></p><div><p class=MsoNormal><span style='font-size:18.0pt;font-family:"Rage Italic";color:#365F91'>Maria del C. Ramos<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'>Director, Office of Financial Aid and Scholarships<br>Texas A&M University-Commerce<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'>PO Box 3011</span><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'>Commerce, TX 75249-3011<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'>Phone: 903-886-5091<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'>Fax: 903-886-5098<br></span><b><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#365F91'>http://web.tamu-commerce.edu/<br></span></b><span lang=EN style='font-size:8.0pt;font-family:"Calibri","sans-serif";color:black'>“Most business men generally are so busy coping with immediate and piecemeal matters that there is a lamentable tendency to let the "long run" or future take care of itself. We often are so busy "putting out fires," so to speak, that we find it difficult to do the planning that would prevent those fires from occurring in the first place. As a prominent educator has expressed it, Americans generally "spend so much time on things that are urgent that we have none left to spend on those that are important."</span><span lang=EN style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:black'><o:p></o:p></span></p><p class=MsoNormal style='text-autospace:none'><span lang=EN style='font-size:8.0pt;color:black'> </span><i><span style='font-size:8.0pt;color:black'>Gustav Metzman<o:p></o:p></span></i></p><p class=MsoNormal><b><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#365F91'><o:p> </o:p></span></b></p><p class=MsoNormal><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#A88420'>Please take a minute to complete our </span><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#244061'><a href="http://web.tamu-commerce.edu/audience/onestopshop/"><span style='color:#244061'>We Care</span></a></span><span style='font-size:10.0pt;font-family:"Century Gothic","sans-serif";color:#A88420'> survey online and let us know how we are doing!<o:p></o:p></span></p><p class=MsoNormal><b><span style='font-size:9.0pt;font-family:"Century Gothic","sans-serif";color:#365F91'><o:p> </o:p></span></b></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Century Gothic","sans-serif";color:#0D0D0D'><img border=0 width=85 height=85 id="Picture_x0020_1" src="cid:image003.png@01CC6640.548F4F80" alt="Description: SpiritLogo.emf"><o:p></o:p></span></p></div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Arial","sans-serif"'><o:p> </o:p></span></p></div></body></html>