Facts and FAQ

 

For a list of all important FA dates please see the FA Calendar.

Financial Aid Facts and FAQ

How do I apply for financial aid?

Complete the appropriate Free Application for Federal Student Aid (FAFSA). This form is required for all types of Financial Aid. The FAFSA can be completed on-line at www.fafsa.ed.gov. A separate application is required for all scholarships, loans, and the Work Study Program. You may apply for scholarships with the Foundation Office at http://www.haywood.edu/scholarships. Work Study applications are available at http://www.haywood.edu/financial_aid_forms or the Office of Financial Aid.

Is there a deadline for filing financial aid?

Students are strongly encouraged to apply for financial aid early. If you are a resident of North Carolina there is a possibility that additional state aid may be available to you. These funds are available on a first-come-first served basis.  Students must have all documentation on file with the Financial Aid Office by July 1st to ensure a financial aid award for the Fall semester.  Any files completed after that date will continue to be processed as quickly as possible.  Students have not been awarded financial aid until they have received an Award Letter from the HCC Financial Aid Office.

Grants

Federal Pell Grant, Federal Supplemental Education Opportunity Grant,  and the North Carolina Community College Grant.

Grant funds are based on need and usually do not have to be repaid. Eligibility is determined by FAFSA results, cost of attendance, and enrollment status. Grant funds will only pay for classes required to complete a specified program of study. Student aid will not pay if the student is reported as a “No Show” or “Audit” or if the grade received is a “Credit by Exam.”

Scholarships

North Carolina Education Lottery Scholarship, North Carolina Forgivable Educational Scholarship/Loan, Golden LEAF, NC Targeted Assistance, NC Less Than Half Time and Institutional Scholarships. Scholarships may be awarded by the College, by the Haywood Community College Foundation, or by outside organizations. In general, scholarships are gift aid and are not required to be repaid if the eligibility requirements are met. To apply, students should access scholarship information from the Foundation Office at http://www.haywood.edu/scholarships.

Self-Help
Federal Work Study Program

The Federal Work Study Program is a federally funded program which provides part-time employment on campus for students who have demonstrated financial need. Students work up to 15 hours per week and receive a monthly paycheck. Students interested in the FWS Program should contact the FAO. FAFSA submission is required for consideration. A limited number of positions are available and are awarded as funding permits.

What do I have to do to remain eligible to receive financial aid?

Satisfactory Academic Progress Standards (SAP)

Federal law requires students receiving federal student aid to maintain satisfactory academic progress as defined by the institution. According to federal regulations concerning satisfactory academic progress, the school’s Satisfactory Academic Progress Policy must include both (1) a qualitative measure (the use of a cumulative grade point average) and (2) a quantitative measure (the maximum time frame for completion). Students receiving financial aid must maintain a 2.0 GPA and at least a 67% completion rate. This means that the student must complete at least 67% of all credit hours attempted, with a 2.0 GPA or better. SAP is calculated based upon all credit hours attempted and/or completed while attending Haywood Community College, not just the current enrollment period. Remember: Withdrawing from classes will affect your Satisfactory Academic Progress. For more information please see Maintaining Eligibility for Financial Aid.

What happens if I withdraw from school?

Return of Title IV Funds

If a student withdraws from all classes prior to the 60% point of any semester, he/she could owe money back to the Title IV program. The student is responsible for repaying any funds received which cannot reasonably be attributed to meeting his/her expenses at HCC and the amount of repayment will be based on regulations published by the Secretary of Education and on the Return of Title IV funds policy. The Return of Title IV Funds policy requires any student receiving financial aid to remain in all classes up to the 60% point of any semester. Withdrawing from all classes up to and including the 60% date, in most cases, will require repayment of funds. For more information, please visit the Return of Title IV Funds Policy page or the HCC catalog.

Do I have to reapply for financial aid every semester?

Students must re-apply for financial aid each academic year. The FAFSA is available in January each year. Students are strongly encouraged to apply early.

Can I receive financial aid if I am enrolled as a part-time student?

Awards are based upon enrollment status:

  • 1-5 semester credit hours = ¼ time
  • 6-8 semester credit hours = ½ time
  • 9-11 semester credit hours = ¾ time
  • 12 or more semester credit hours = Full time

For example: if the award is $1000 for full-time and the student is enrolled ½ time, the adjusted award amount will be $500.

What should I do if I receive other types of aid?

If a student receives student aid from an outside source such as an Alternative loan, TEACH, WIA, BIA, TAW, VR, etc. it is the student’s responsibility to notify the Financial Aid Office regarding the type and the amount of assistance provided by the outside source.

How long can I receive financial aid?

The Federal PELL Grant program is limited to 12 semesters of full time enrollment or 600%.  The Department of Education monitors a student's PELL Lifetime Eligibility (LEU) and awards may be adjusted based on the information received on your student aid report.

Financial aid funds will pay for 150% of the hours required to complete a qualifying degree program. To calculate the hours of eligibility, multiply the hours required for your program by 150%. Students may take up to 30 hours of developmental classes over and above the 150% limit.

What happens if I have a student loan from the past that has not been repaid?

The student must certify that there is no money owed on any grant or loan, no loans in default status or have made satisfactory arrangements to repay any defaulted loan, and have not borrowed in excess of the loan limits under Title IV programs at any institution.

What about the money left over from grants or scholarships?

Any funds left over after tuition, fees, books, and supplies are charged against student financial aid belong to the student. On refund day, checks will be mailed to the address on file with Enrollment Management. To verify your address, log in to your Haywired account and click on “My Academic Profile.” If your address is incorrect, a Data Change Form must be completed in the Enrollment Management Office if you are a local student. If you are a distance learning student, you may change your address by sending an e-mail to enrollment@haywood.edu with your student ID number, name, new address, and telephone number.

Refunds will be mailed on the following dates for the FAll 2014 semester:

  • September 26th

Will I have financial aid for summer?

Under certain circumstances, students may receive Pell Grant funds for summer semester when they have not used their full award in the fall or spring semesters. Students should contact the FAO for more information.

Contact Us

Office Hours
Monday-Thursday, 8:00 a.m. until 6:00 p.m.
Friday, 8:00 a.m. until 4:00 p.m.
 
Phone
828-627-4756
E-mail
hccaid@haywood.edu
 
This page was last modified on Friday, August 22, 2014 at 10:38 AM