[Cpcommunicator] Financial Aid/VA student attendance info due Friday, June 8
>From Financial Aid:
Financial Aid/VA will no longer be generating Financial Aid and Veterans Affairs attendance reports. To assist in getting FA checks disbursed quickly and to prevent FA and VA overpayments, please submit the following information via email (julie-ann.anderson at cpcc.edu) by Friday, June 8th, for any student in your class who hasn't attended or has stopped attending for the summer semester:
Name
Student ID#
Course and Section
Date student stopped attending
To eliminate FA students being billed and/or VA Students being in overpayment, it is imperative that the Financial Aid and Veterans Affairs Office receive notification of all "never attendees" and/or withdrawals as quickly as possible.
Changes in enrollment/attendance must be reported to prevent institutional liabilities. Throughout the semester, please continue forwarding the names for those students who have stopped attending or emailing the information to the Financial Aid Office and Veterans Affairs Office at julie-ann.anderson at cpcc.edu <mailto:julie-ann.anderson at cpcc.edu>
According to federal regulations, Title IV funds and VA Educational Benefits are awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. When a student withdraws, the student may no longer be eligible for the full amount of Title IV funds that the student was originally scheduled to receive. If the amount disbursed to the student is greater than the amount the student earned, unearned funds must be returned to the U.S. Department of Education within 30 days after the student stopped attending.
The financial aid award is voided for students who never attended, and the student is billed for any tuition, fees and/or bookstore charges. For students who fail to receive at least one passing grade, a calculation is completed at the 50% point of the semester and the student is billed for Title IV funds not earned.
If you have any questions, please contact the Financial Aid and Veterans Affairs Office at x6942.