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I. Title of Policy

Financial Aid Policy

II. Objective of Policy

To maximize the opportunity for students to achieve their educational goals regardless of financial resources and to clarify the conditions under which financial aid can be awarded.

III. Authority

Board of Trustees Policy No. 4.1004; HEA (r)(1) and (r)(2)

IV. Policy Statement

It is generally accepted that financial assistance plays an integral role in the admission and retention of students. Inability to meet educational expenses can adversely influence students’ educational goals and their ability to earn secondary education.

The President has implemented a financial aid program which maximizes the opportunity for students to achieve their educational goals regardless of financial resources. To this end the College secures financial assistance funds from available sources. The President reports to the Board of Trustees on the financial aid program annually.

The financial aid program may include but is not limited to:

  1. Grants and scholarships
  2. Loans
  3. Part-time employment both on and off the campus
  4. Combinations of all of the above

Federal and State guidelines may disqualify a student from receiving any Student Aid Funds.

V. Responsibility for Implementation

President
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Approved: 9/17/1969
Revised: 7/12/2001
Revised: October 2010
Approved: January 2011
Approved: Board of Trustees, 10/27/2020
Related Regulation: 6.2000R Financial Aid Program

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