Financial Aid

 

Conditions of Financial Aid And Scholarship Offers

- Please read this document thoroughly and retain it for future reference -

  1. Acceptance:
    Please review your financial aid offer carefully. The awards indicated in your award letter are TENTATIVE.  If you wish to receive the awards indicated in the award letter, YOU MUST LOG-IN TO YOUR NETPARTNER ACCOUNT AND OFFICIALLY ACCEPT THE AWARDS ONLINE.  You may also decline or modify your awards online, through NetPartner.  Failure to accept your financial aid or scholarship award(s) may delay our ability to disburse your funds.  Please notify our office if you do not plan on attending the College of Southern Idaho so we may cancel your financial aid and/or scholarship awards.
  2. General Conditions of this Offer:
    • You must be enrolled in an eligible course of study. An eligible course of study is at least one academic year (9 months) in length and leads to a certificate or degree.
    • You may not use federal financial aid for completing your high school diploma or GED, self-improvement course work, or the Certified Nursing Assistant Program.
    • This offer is contingent upon the availability and actual receipt of funds by College of Southern Idaho.
    • A “Revised Offer” replaces all prior offers of financial aid. Your award may be adjusted, cancelled or revoked for the following reasons; (1) inadequate institutional, state or federal aid, (2) changes in your enrollment status, (3) failure to notify the financial aid office of your acceptance as indicated above, or (4) receipt of additional information which negates your eligibility.
    • Grant, Work Study, Scholarship, Activity Award, and Tuition Waiver funds do not have to be repaid upon completion of your program. Any award that includes the term “loan” must be repaid.
    • All offers of campus based funds (Work Study, Perkins Loans, FSEOG) will be revoked if you fail to notify the CSI Financial Aid and Scholarship office of your acceptance as indicated above within 30 days of this offer and/or you fail to register for classes by the end of the 2nd week of the semester.
    • If you are receiving a student loan as part of your award package, we are required to inform you that you have the right to cancel all or a part of your loan within the first 14 days after you receive your loan funds.  Please complete and submit the Loan Cancellation Form, found online at http://www.csi.edu/financialaid/forms.asp, to cancel your loan.
  3. Registration Requirements for Scholarship Students
    Students receiving scholarship awards are required to be registered for full-time credits, (12 or more,) two weeks prior to the beginning of the fall or spring semester.  Students not registered two weeks in advance for the current semester will have their scholarship awards removed and the funds will be re-awarded to other eligible student(s).
  4. Payment of Awards:
    All financial aid funds will be disbursed to your student account according to Federal regulations and guidelines.  Financial aid and scholarship funds are disbursed to your student account only after class participation has been confirmed each semester by your instructors. Disbursements to student accounts occur on the second Thursday of each semester for students meeting ALL disbursement requirements.  All institutional charges appear as debits on your student account statement and your financial aid and scholarship awards will appear as credits to offset any outstanding balances owed to the college.
    Credit balances/refunds are disbursed to the student in one of three ways

    1. Pre-paid reloadable debit card (mailed directly to the student.)  Students wishing to receive their credit balance on a debit card will need to opt in by logging into MyCSI, clicking on the Money Matters tab, and clicking on the U.S. Bank AccelaPay Visa Debit Card link. 
    2. Paper check that is picked up in person.   All students receiving a paper check will need an official government issued photo ID in order to pick up their checks.
    3. If a student does not pick up their paper check within 5 business days after being issued, the College will automatically mail the check to the student’s address (personal local address that we have on file in our student information system).
  5. Repayment of Unearned Financial Aid Funds:
    Students who withdraw (officially or unofficially), fail to complete, or simply stop attending any or all of their classes during the semester may be required to repay a portion of the financial aid received for that semester. Refunds and repayments are based upon the percentage of the semester completed at the time of withdrawal.  By accepting your financial aid, you have become responsible for, and agree to, pay back any and all overpayment of funds.
  6. Standards of Academic Progress:
    All students are required to meet CSI’s Standards of Satisfactory Academic Progress in order to receive and maintain eligibility for financial aid funds. Students must meet all standards (General Requirements, GPA Requirements, Completion Rate Requirements, and Maximum Credit Hour Requirements) in order to initially be eligible for, and maintain eligibility for financial aid. The standards of eligibility for some scholarships or awards may differ as defined by the awarding agency or department from which the award was made.

 

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