The Higher Education Act mandates that institutions of higher education establish minimum standards of "satisfactory progress" for students receiving financial aid. To receive financial aid at Benedict College, a student must be making satisfactory academic progress as outlined below. These requirements apply to the following Federal programs: Pell Grant, Supplemental Educational Opportunity Grant, College Work-Study, Stafford Loans, Parent Loans, and Supplemental Loans. The maximum time frame for receiving financial aid is five (5) years for a full-time student and ten (10) years for a part-time student. Summer sessions are counted as a half (1/2) semester.

All students receiving the South Carolina Tuition Grant must also pass a minimum of 24 semester hours per year to maintain eligibility as stated by the South Carolina Tuition Grants Commission.

Students receiving the LIFE Scholarship must maintain a 3.00 grade point average and 15 hours per semester enrolled.

Students receiving financial aid will be evaluated for progress at the end of each academic year. If a student fails to meet the progress standards described in the chart below, he/she will be placed on financial aid probation. A student may continue to receive financial aid while on probation. If the student does not make satisfactory progress within one year then he/she will be placed on financial aid suspension. Students placed on financial aid suspension are not eligible to receive financial aid.

Special fees are assessed for fine arts courses, science courses and the Student Teaching courses.

Students may settle their accounts through Financial Aid and/or cash payments, cashier's checks, credit cards, and money orders.

Because of additional bank costs of collection, (usually from $30-$55), it is advisable that all cashier's checks and money orders be drawn from U.S. banks or institutions.

Money orders from non-U.S. banks are subject to the above additional bank processing cost which is borne by the student.

Refunds

In order to be eligible for a refund the student MUST FOLLOW OFFICIAL WITHDRAWAL PROCEDURES. A student who stops attending classes will not be considered to have withdrawn and will not be eligible to receive funds unless he/she has followed the OFFICIAL WITHDRAWAL PROCEDURE. A student who is prevented from following the Official Procedure for reasons beyond his/her control may appeal to the Senior Vice President for Academic Affairs for special consideration.

Students who withdraw from the College during the first five weeks after classes begin are eligible for a partial refund of tuition. Refunds of tuition are calculated on the following scale:

Withdrawal during the 1st or 2nd week 80%
3rd Week 60%
4th Week 40%
5th Week 20%
6th Week or later 0%

Statutory Pro Rata Refund

A "pro rata" refund is given to first-time students who withdraw before 10 weeks of the semester have elapsed.
1st Week or Less 90%
Between 2nd and 3rd weeks 80%
4th Week 70%
Between 5th and 6th Weeks 60%
Between 7th and 8th Weeks 50%
9th Week 40%
10 Weeks or More 0%

Refund Schedule - Summer

1st - 4th day of class 80% of Tuition
5th - 8th day of class 60% of Tuition
After 8th day of class No refund
Only tuition fees are refundable.

Students are encouraged to attend summer school to maintain satisfactory progress. If a student is not enrolled the semester after being placed on probation, the one (1) year period will begin when the student returns to the College.

In addition, students must maintain at least a 1.00 cumulative grade point average at the end of each academic year or be suspended for one semester.

Students may appeal suspension of financial aid by submitting a letter to the Director of Financial Aid explaining the mitigating circumstances that created the unsatisfactory performance. The letter should include documentation to support the appeal. If the appeal is approved, the student will be notified of reinstatement.

Certain elements of the student financial assistance program at Benedict College are not subject to appeal by students. Among these are:

  1. Aid Types-Pell, etc.
  2. Award Letters-Amount of Aid, Maximum/minimum
  3. Job Placement-College Work-Study assignment
  4. Agency or College refund policies and procedures
  5. All state regulations
  6. All federal regulations

The maximum amount of time that a student may receive financial aid may not exceed 150 percent of the semester credit hours (sch) as prescribed in the published program of study. For example, a student may attempt 195 (sch) in a program which requires 130 (sch) for completion.

Transfer Students

Transfer students who were in good academic standing at the school they previously attended will be eligible for financial aid. They will fall under the same satisfactory academic progress scale as current students.