FINANCIAL AID

Deadlines for Applying for Financial Aid at OWCC

Applications for financial aid should be made well in advance of registration. The PRIORITY CONSIDERATION DEADLINES for applying for financial aid at OWCC for 1997-98 by semester are:

           Fall Semester      April 1,1997
          
           Spring Semester    October 1, 1997
         
           Summer Semester    February 1, 1998

STUDENTS NOT MEETING THE PRIORITY DEADLINE MAY STILL QUALIFY FOR FINANCIAL AID BUT MAY EXPERIENCE LENGTHY DELAYS IN RECEIVING FINANCIAL AID.

The absolute deadline for determining enrollment status (i.e. part-time, three-quarter time, or full-time) is the advertised ¨last day to register¨ day within each of the three main semesters - Fall, Spring or Summer. (These dates are listed in the Schedule of Classes each semester and the calendar section of this catalog.)

All applications for the Florida Student Assistance Grant for the 1997-98 academic year must be in Tallahassee no later than the advertised deadline on the application form. All applications for the College Work Study Program and the Supplemental Education Opportunity Grant dated prior to April 1, 1997 will be given first priority in determining eligibility.

Enrollment Status

The amount of aid a student is eligible to receive at OWCC is dependent on the student's enrollment status, each semester, based on the following table:

           Full-Time
           Enrollment     12 or more semester hours
           
           Three-Quarter Time
           Enrollment      9-11 semester hours
           
           Half-Time 
           Enrollment      6-8 semester hours
           
           Less Than Half-Time 
           Enrollment      1-5 semester hours
           

Financial aid award status (full-time, three-quarters time, or half-time) will be based on the number of credit hours at the END OF LATE REGISTRATION FOR EACH SEMESTER. For award letters sent after these dates, status will be determined by the number of credit hours in which a student is enrolled at the time the award letter is sent. If not enrolled for the appropriate number of credit hours at that time, a student's award will be revised downward to reflect this change. Awards will not be revised upward if students add classes after the end of late registration. (NOTE: The end of registration is considered to be the last day to register for the three main semesters (Fall, Spring and Summer) as listed in the College Catalog. These dates are firm. The financial aid deadline for Term II is the Summer Semester last day to register.

Student Eligibility

FEDERAL PROGRAMS
For a student to be eligible for federal financial aid at OWCC -

• A student must be a regular student, accepted for enrollment in a PROGRAM OF STUDY, and
• A student must be a U.S. CITIZEN, or an eligible non-citizen, and
• A student must maintain a STANDARD OF SATISFACTORY PROGRESS and ACADEMIC GOOD STANDING which includes the following three factors:

1. Satisfactory grade point average on all college work. OWCC uses the following scale in determining eligibility:

 
       Earned Semester Hours    Grade Point Average
                 0-11                     n/a
                12-23                    1.50
                24-35                    1.70
                36-47                    1.80
                48-59                    1.90
                60 +                     2.00
                
                

2. A maximum time-frame in which the student must complete his or her educational objective, degree or certification. OWCC places a limit of 90 semester hours (or 150% completion rate on a 60 semester hour program. NOTE: 90 semester hours will include OWCC hours + transfer hours - whether or not financial aid was received.)
3. Progression within the time-frame towards adequate completion of coursework. OWCC requires students to successfully complete (A, B, C or D) 67% of all course-work attempted at OWCC.