20-21 Bacone College Academic Catalog
7. OFFICE OF FINANCIAL AID
7.1. Financial Aid Regulations
Bacone College's financial aid program is designed around
the federal system of need-based student aid to ensure that all qualified and
motivated Americans have the financial means to pursue higher education at
Bacone College. Our present configuration of federal, state and tribal grants,
work-study, and loan programs was designed to offer all qualified students a
chance to advance their minds, skills, and economic potential, while also
providing for the betterment of society. We are committed to working with
students and families to make higher education affordable. Most federal and
state educational assistance is based on financial need as determined by the
information provided on the Free Application for Federal Student Aid (FAFSA).
Financial need is the difference between the cost of attending Bacone College
and the Estimated Family Contribution (EFC). The EFC is calculated using
formulas prescribed by the U.S. Department of Education. The applicant must
have a high school diploma, GED, or demonstrate the ability to benefit in order
to receive financial aid at the institution to which he/she is applying
according to the guidelines set forth by the Department of Education.
Some additional requirements for financial aid are:
- Students must maintain a cumulative 1.60 grade point average (GPA) for the first 30 credit hours attempted.
- Students must maintain a cumulative 1.80 grade point average (GPA) for the 31-60 credit hours attempted.
- Students must maintain a cumulative 2.0 grade point average (GPA) for the 61 or more credit hours attempted.
- Students must successfully complete at least 67% of all attempted course hours. Withdrawals, I, F, and other unsatisfactory grades are examples of grades that will be counted against the completion rate.
- Federal Regulations require a Title IV Funds calculation must be completed for any recipient of Title IV grant or loan assistance that receives all "F's" for a semester and does not post attendance in any of their enrolled classes for at least 60% of a particular semester.
Audit courses do not qualify for financial aid. Should a student receive financial aid for any classes, or hours, which are later changed to audit, the student will be required to repay any applicable financial aid funds.