Financial Aid Policies

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  • Book Voucher Policy with Terms and Conditions

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  • Consortium Policy

    Charter Oak State College allows students to take courses at eligible Title IV institutions throughout the United States. In order for these classes to be considered for financial aid, an approved consortium agreement must be in place between Charter Oak and the visiting school before the published semester's deadline date as indicated on the agreement.

    Under a consortium agreement, Charter Oak is considered to be the student's home institution and is responsible for processing financial aid. The visiting school, also known as the host institution, is responsible for certifying enrollment status, providing course information, and tuition and fee costs.

     

     
    Name Description Status Source
    Consortium Policy Required Consortium Policy for Charter Oak State College.pdf Edit Consortium Policy Delete Consortium Policy
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  • Direct Loan Information

    Name Description Status Source
    Annual Student Loan Acknowledgment Q & A

    Student loan borrowers can review how much they owe in federal student loans and acknowledge the amount borrowed on a yearly basis.

         		Required Revised DL Annual Acknowlege Policy with Q & A.pdf Edit Annual Student Loan Acknowledgment Q & A Delete Annual Student Loan Acknowledgment Q & A
    Fresh Start for Borrowers with Federal Student Loans in Default

    On April 6, 2022, the U.S. Department of Education (ED) announced an initiative—called “Fresh Start”—to help eligible borrowers in default.

    Fresh Start will continue through one year after the COVID-19 payment pause ends.

    If your loans are eligible, you’ll temporarily regain several student aid and credit reporting benefits. You’ll also get the opportunity to get out of default and keep those benefits for the long term.

         		Required FreshStartFactSheet.pdf Edit Fresh Start for Borrowers with Federal Student Loans in Default Delete Fresh Start for Borrowers with Federal Student Loans in Default
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  • Disbursement Policy
    Name Description Status Source
    Disbursement Policy Required Disbursement_Policy.pdf Edit Disbursement Policy Delete Disbursement Policy
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  • Financial Aid Academic Policies
    Name Description Status Source
    Undergraduate Financial Aid Satisfactory Academic Progress Required UG_SAP Policy.pdf Edit Undergraduate Financial Aid Satisfactory Academic Progress Delete Undergraduate Financial Aid Satisfactory Academic Progress
    Graduate Financial Aid Satisfactory Academic Progress Required SFA_Graduate_SAP.pdf Edit Graduate Financial Aid Satisfactory Academic Progress Delete Graduate Financial Aid Satisfactory Academic Progress
    Course Repeat Policy

    A student can only receive financial aid for one repetition of a previously passed class.  This applies to undergraduate and graduate students.  

         		Required 23-24 Repeat Course Policy.pdf Edit Course Repeat Policy Delete Course Repeat Policy
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  • Pell Grant Lifetime Eligibility Usage

    Name Description Status Source
    Pell Grant Lifetime Eligibility Usage Required Federal Pell Grant Lifetime Eligibility Used.pdf Edit Pell Grant Lifetime Eligibility Usage Delete Pell Grant Lifetime Eligibility Usage
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  • Unusual Enrollment History Policy

    The U.S. Department of Education has established regulations to prevent fraud and abuse in the Federal Pell Grant and Federal Direct Loan Program by identifying students with “unusual enrollment histories."  While most students flagged with an unusual enrollment histories have legitimate reasons for  enrollment at multiple institutions, the Office of Financial Aid is required to review their academic records.
    Name Description Status Source
    UEH Policy

    The U.S. Department of Education has established regulations to prevent fraud and abuse in the Federal Pell Grant and Federal Direct Loan Program by identifying students with “unusual enrollment histories."  While most students who have been flagged with an unusual enrollment history have legitimate reasons for enrollment at multiple institutions, the Office of Financial Aid is required by law to review the academic records of all selected students.  

     

     

         		Required 24-25 Unusual Enrollment History Policy.pdf Edit UEH Policy Delete UEH Policy
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  • Undocumented Students and Institutional Financial Aid

    The Connecticut General Assembly has enacted legislation that allows undocumented students, who are Connecticut residents, to apply for institutional financial aid at state colleges and universities.  These students must meet certain eligibility requirements, per the state law.   

     

     
    Name Description Status Source
    Undocumented Students Institutional Financial Aid Policy Required 19-20 Undocumented Student Policy.pdf Edit Undocumented Students Institutional Financial Aid Policy Delete Undocumented Students Institutional Financial Aid Policy
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  • Withdrawal - Return of Title IV Policy (R2T4)

    Understanding your responsibilities as a financial aid student is an important factor in achieving your educational goals at Charter Oak State College.  It will ensure that funding is available to assist you now and in future semesters.

    Financial aid is packaged based on the understanding that you will complete all of the classes for which you are registered, changes in enrollment may affect your financial aid at any point in time during the semester.   The basic funding principle is that you “earn” financial aid through attendance in your semester classes.

    Dropping, withdrawing, or simply not attending classes may result in negative adjustments to your current financial aid package.  It may also result in you owing money to the college.   Even if you have received a financial aid refund check, as a result of excess financial aid dollars, you may be required to return all or a portion of the refund if more aid was disbursed than was “earned” by you. 

    It is especially important to understand the College’s Title IV Refund Policy (R2T4) if you are thinking of dropping, withdrawing, or have stopped attending classes. As always, we encourage you to contact the Office of Financial Aid before you drop or withdraw from a course.
    Name Description Status Source
    Return of Title IV Policy (R2T4)

    It is important to understand the College’s Return of Title IV Refund Policy (R2T4) if you are thinking of dropping, withdrawing, or have stopped attending classes.

         		Required Return of Title IV Policy (R2T4) REVISED.pdf Edit Return of Title IV Policy (R2T4) Delete Return of Title IV Policy (R2T4)
    Return of Title IV (R2T4) Primer

    This primer is a good resource for students thinking of withdrawing and how it may impact them financially, as well as academically.  It is intended as a supplement to the official Return of Title IV (R2T4) Policy. 

     

    All students are required to familiarize themselves with the official policy.

         		Required Return of Title IV Primer (R2T4) REVISED.pdf Edit Return of Title IV (R2T4) Primer Delete Return of Title IV (R2T4) Primer
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While focused on a reorder icon, press the Enter key or spacebar to "select" the icon. While a reorder icon is selected, pressing the up and down arrows will change the order of the selected item within the list. Pressing Enter key or spacebar again will drop the selected item at that location in the list.