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Application for Federal Student Aid (FAFSA) and applications for all available loan programs, including alternative and institutional loans will be discussed. The student will be notified of his/her financial award. Students who default on Title IV loans received while attending the institution may be terminatedand not eligible for re -enrollment, refresher courses, or career services. If the student has received federal student financial aid funds, the student is entitled to a refund of the monies not paid from federal student financial aid program funds according to the refund policy. If a student is eligible for a loan guaranteed by the federal or state government and the student defaults on the loan, both of the following may occur: 1. The federal or state government or a loan guarantee agency may take action against the student,including applying any income tax refund to which the person is entitled to reduce the balance owed on the loan. 2. The student may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid. If Student's financial aid is not disbursed because the file is incomplete or the student is determined to be ineligible due or failure tosubmit documents, the student is responsible for payment of the earned tuition and fees. Financial aid students must follow up withthe financial aid office to ensure there are no missing or inconsistent documents that will impact eligibility for aid and timely disbursements. VERIFICATION: Students who are selected for verification are notified via email, letter, phone call, or in -person regarding the required documents to submit in order to satisfy verification. Once the student submits the required documents, if the data does not match what was reported on the FAFSA, the student will correct the ISIR data. The institution may correct ISIR data if the student is unavailable after the student provides the documents. If the Title IV amount changes (increase or decrease in the EFC) due to the documents provided by the student, the student will be emailed or mailed a revised award letter. Students who submit falsified information while completing verification will be referred to the Office of Inspector General for additional evaluation. Examples of falsified information include but are not limited to false claims of independent student status, false citizenship status, false identities, forgery, submission of false tax documents or non -tax filing data, false marital status, falsehousehold size, and other falsification with a direct impact on eligibility. CAL GRANT PROGRAM The Cal Grant A Program is a grant program that is that is administered by the California Student Aid Commission. It is available to eligible degree students. Students must meet eligibility for the program as follows: Students must be approved by the California Student Aid Commission, attend at least halftime, apply before the March 2"'annual deadline, and meet federal student aid requirement. The payments received from the Cal Grant program will be credited directly to the student's account to cover costsassociated with tuition, fees, and supplies. Credit balances are paid to the student in accordance with all federal and state guidelines. CHAFEE PROGRAM The Chafee Grant program is a program available to qualified foster youth and is administered by the California Student Aid Commission. In order to qualify for this program, students must be a past or current foster youth. Additionally, students must document their financial need, be enrolled in a program that is the length of at least one academic year. Students must maintain satisfactory academic progress in orderto qualify. Payments received from the Cal Grant program will be credited directly to the student's account to cover costs associated with tuition, fees, and supplies. Credit balances are paid to the student in accordancewith all federal and state guidelines and can be used to cover attendance -related costs incurred while attending school. CANCELLATION POLICY Per California regulation, cancellation will occur when a student does not attend the first day of class — "No Show," OR: When the student gives written notice of cancellation to the school at the address specified in the enrollment agreement by the first class session, or within the first seven days after classes begin, whichever is later. If the institution cancels a program, a full refund will beissued to the enrolled student(s). The institution will refund any consideration paid by the student. Any refunds due will be made within 45 days following the date of determination. The institution has the right to dismiss the student during the cancellation period if the student is determined to have not met admissions eligibility, or who has not been truthful in his or her application for admission. A cancellation of this type will result in the student receiving no credit for any courses taken. IS I Page [nterCousl Colleges School Catalog