Policies Governing Financial Aid Awards

I understand that, by accepting my financial aid award, I give Calhoun Community College permission to use these funds to pay any and all direct institutional charges incurred incidental to my enrollment.

Availability of Funds: All financial aid commitments are contingent upon the receipt of total federal and state allocations.

Enrollment Status: Your Federal Pell Grant will be reduced proportionally if you enroll less than full time.  If you withdraw, you will likely have to repay some or all of your aid. You must enroll half time to receive student loans.

Change of Status: - Calhoun Community College reserves the right to adjust or cancel any aid if there is a change in the academic or financial status of any aid recipient.

Payment of Awards: Grant, loan, and scholarship proceeds will be credited to the student account at the beginning of each term according to applicable federal, state, and institutional rules and regulations.

The Office of Student Financial Services does not disseminate refund checks. Student aid proceeds are credited to the student's account and any resulting credit balance is forwarded to the student in the form of a refund check through the mail. Please be sure that your mailing address is correct in Calhoun Community College's database through the Admission’s Office.

Satisfactory Academic Progress: Students must maintain satisfactory academic progress as defined in the Satisfactory Academic Progress Policy as listed on the web and printed brochures in order to remain eligible to receive financial aid.

Student Employment: - Any amount listed on your financial aid award notification for Work-Study is only an estimate of potential earnings. Students will be paid only for work performed. Students who do not perform satisfactory work or who do not work the hours assigned to them will be terminated from the Work-Study program.

Student Loans: Student loan proceeds may be delivered to the student only for the period indicated on the loan disclosure statement sent by the Direct Loan Servicing Center (LSC). If a student ceases to be enrolled at least half-time, loan proceeds must be returned to the LSC.

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