Beulah Heights University Financial Aid Philosophy
Financial aid is awarded to students who have displayed financial need, in accordance with federal and Beulah Heights University policies and is outlined to provide merit and need-based aid to students. Although the central responsibility for meeting college costs is on the onus of the student and/or family, Beulah Heights University’s goal is to provide assistance when the student and/or family is unable to meet the student’s educational costs. Financial aid assistance from the University is considered as supplementary to the efforts of the student and family.
A segment of our financial aid program is designed to acknowledge students for outstanding academic performance. The University aims to inspire and nurture academic excellence through a number of scholarship programs and award these programs based on academic excellence. Scholarship funding are first-come, first-served and are not guaranteed to all students who attend Beulah Heights University, and/or meet all award criteria.
Need-based financial assistance is available through grants, loans, and work-study. Need-based financial aid may be provided by the US Department of Education and private lending institutions. Need is defined as the difference between the cost of attendance minus the Expected Family Contribution (EFC). The EFC is determined by a standard formula established by the US Department of Education using data from the Free Application for Federal Student Aid (FAFSA).
Packaging and Awarding Guidelines
- Student eligibility for financial aid awarding will be determined or confirmed prior to making annual awards based on criteria that includes financial need, citizenship, hours of enrollment, academic level, grade point average, state of residence, and Satisfactory Academic Progress (SAP).
- Students who are selected for verification of their FAFSA information will not be granted any federal, state, or need-based institutional financial aid awarding until the verification process is completed.
Expectations for Financial Aid Recipients
- It is the student’s responsibility to submit the FAFSA and submit other financial aid documents to the Financial Aid Office by the prescribed deadlines that are given. Additionally, students are required to reapply for financial aid each academic year by submitting a FAFSA by the preferred deadline.
- Students must remain eligible to receive financial aid by meeting Satisfactory Academic Progress (SAP) regulations. Please refer to Beulah Heights University’s Satisfactory Progress (SAP) policy for specific details.
- Students must meet all regulations in the Beulah Heights University’s Student Code of Conduct along with all academic integrity policies.
- Students must meet all federal regulations to maintain eligibility for federal financial aid. Regulations include, but are not limited to: Drug Offense Violations, Fund Specific Requirements, and Selective Service Registration.
Students’ Right and Responsibilities
You have the right
- To know what financial aid programs are available at Beulah Heights University.
- To know how financial aid will be distributed, how decisions are made, and the basis for these decisions.
- To know how your financial aid need was determined.
- To know how Beulah Heights University determines whether you are making satisfactory progress and what happens if you are not.
You have the responsibility
- To complete all financial aid documents accurately and submit them on time to the right place.
- To provide correct information. Misreporting information on your financial aid application is a violation of law and may be considered a criminal offense.
- To read and understand all forms that you are asked to sign and to keep copies of them.
- To accept responsibility and accountability for all the arrangements that you sign.
- To perform the work that is agreed upon in accepting a Federal Work-Study award before you receive payment.
- To be aware of Beulah Heights University’s refund procedures.
- As a recipient of any student loan obtained federal or private, you must notify the lender if any of the following occur before the loan is repaid:
- Change of address
- Graduation
- Withdrawal from school or less than half-time attendance
- Name change
- Transfer to other schools
Planning to Take a Leave of Absence
Beulah Heights University defines a Leave of Absence (LOA) as a period of non-enrollment when you are not required to pay tuition or fees. There are numerous things to do to ensure the departure and re-entry are as smooth as possible in re-establishing your re-admittance back into the university and your financial aid.
- Continue to stay up to date with all communication sent from Beulah Height University’s Communications Department, Registrar, and Financial Aid Offices.
- Submit time-sensitive documents on (or before) their posted deadlines.
- Be aware that after an extended LOA, Beulah Heights University has a formal re-admittance procedure that you must complete when you return to school, along with the financial aid office which has different procedures in re-establishing your financial aid.
- Of most importance, be sure you have researched the impact that your LOA will have on our student loans. Most educational loans have a six-month grace period that begins as soon as you terminate enrollment.
Withdrawal and Return to Title IV Funds (R2T4) Policy
Federal Student Aid funds are awarded under the assumption that the student will attend classes for the entire period for which the financial aid is awarded. If the student withdraws from the school or takes a LOA, before 60% of the semester has been completed, the student may no longer be eligible to receive the full amount of financial aid originally disbursed to the student for the semester. If the student never attended any class before the withdrawal, all financial aid received for that semester will be returned. Thus, the student should consult with the financial aid office regarding any institutional withdrawal.
Under the Return to Title IV Funds (R2T4) policy, the financial aid office is required to calculate the amount of “unearned” Title IV aid the student received at the beginning of the semester that must be returned to the federal aid programs, based on the student’s official last day of attendance as confirmed by the registrar’s office.
