Conditions of Financial Aid And Scholarship Offers
- Please read this document thoroughly and retain it for future reference -
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 Federal 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 Federal financial aid and/or scholarship awards.
- 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 Federal financial aid. Your award may be adjusted, cancelled or revoked for the following reasons; (1) inadequate institutional, state or federal aid, (2) enrolling in classes not needed for your current major, (3) changes in your enrollment status, (4) failure to notify the financial aid office of your acceptance as indicated above, or (5) 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.
- Registration Requirements for Scholarship Students
Students receiving scholarship awards are required to be registered for full-time credits (12 or more) and accept any pending awards before August 1st for the fall semester and December 15th for the spring semester. Students not registered by the corresponding date for the current semester will have their scholarship awards removed and the funds will be re-awarded to other eligible student(s).
Fall awards will renew automatically (no new application required) for the spring semester as long as students meet eligibility requirements and make satisfactory academic progress towards the completion of their degree/certificate and are fully registered for CSI credits before December 15th. At CSI, satisfactory academic progress is measured by a combination of grade point average (GPA) and credits completed as compared to credits attempted. To continue eligibility for any of the awards, students must complete, on an annual basis, 75% of the credits for which they were awarded with a minimum cumulative GPA of 2.0. There are limits on the number of semester for which the awards may be renewed and/or the number of total attempted credits.
- Payment of Awards:
All Federal financial aid funds will be disbursed to your student account according to Federal regulations and guidelines. Federal financial aid and scholarship funds are disbursed to your student account only after class participation has been electronically 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. CSI has partnered with HigherOne, a financial services company to provide CSI students with increased choice when it comes to receiving their Federal financial aid and scholarship credit balance/refund disbursements
An EagleOne Card will be mailed to every degree-seeking student who enrolled in at least one credit course at CSI. Cards go out just before the semester begins. Very important:
- Learn about HigherOne and the EagleOne Card before you receive your card
- DO NOT throw your card away! (a replacement card can cost you up to $20) - you will need the card to select your refund preferences; you may also need your card at a later date.
- As soon as you receive the card you need to log in to CSIEagleOneCard.com to select refund preference:
- Open a OneAccount and start using your EagleOne Card
- Have your refund deposited/transferred to your current bank account (ACH)
- Have a paper check mailed to you (to the mailing address we have on file in MyCSI - please make sure that your mailing address is correct).
Click here for more information.
- Finalization of Awards:
Financial aid awards will be made based on the number of credits students are enrolled in at 8:00 a.m. on Monday of the second week of classes. If students who receive Federal financial aid increase the number of credits they are enrolled in after 8:00 a.m. on the second Monday, they will be responsible for all tuition and fees for those classes, (they will not be awarded additional aid for the semester). If students who receive Federal financial aid decrease the number of credits they are enrolled in after the 8:00 a.m. on the second Monday, they will owe money back to the Federal Government and/or the College of Southern Idaho or other entities. Students may be able to change sections or add/drop classes as long as they do not change the total number of credits upon which their financial aid was awarded.
- Repayment of Unearned Federal 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 Federal 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 Federal financial aid, you have become responsible for, and agree to, pay back any and all overpayment of Federal funds. Please note that if you have a work study position that you must stop working
immediately upon your complete withdrawal from classes.
- 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 Federal 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 Federal 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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