Award Notification

Students will receive two award notifications. The Merit award accompanies the letter of acceptance for enrollment; the second notice will detail scholarships, loans, or other eligible aid. Students are asked to accept, adjust, reduce, or decline their financial award within 30 days of receipt of their award notification. Students are expected to read, sign, and return a copy of the Award notification. Included in the award package:

• Financial assistance is awarded for one academic year or less, depending on the number of semesters of intended enrollment.
• Assistance continues each year provided the student is still eligible to receive aid. The amount of federal aid granted and components of the financial aid package may vary from year to year, dependent on need and funding.
• The ability to provide aid depends not only on the availability of funds but also on the student maintaining Satisfactory Academic Progress, i.e., earning 24 credits per academic year. See Maintaining Eligibility for Financial Aid.
  • Satisfactory progress is reviewed on a continuing basis, following semester end.
  • Part-time students (less than 12 credits) must earn half the required units and maintain academic standing.
• Part-time students (less than 12 credits per semester) are not eligible for institutional financial awards, and federal aid is prorated based on the number of enrolled credits.
• All students receiving federal aid must be working toward a degree or teaching certificate to maintain eligibility.

Most of the awards that appear on the Financial Aid Award Notification are applied to the student account with receipt of a signed award notification and confirmation of attendance following the 10th day of the semester (census day). Exceptions to this rule include:

• Outside scholarships are applied when the scholarship check is received by The College. NOTE: Students must notify the Office of Student Financial Aid Services if they are receiving any outside scholarships as they may affect the overall award package.
• Federal, state, and College of Idaho Work-Study earnings are paid directly to the student by check as money is earned.
• Federal Direct Subsidized Loan and/or Federal Direct Unsubsidized Loans are applied directly to the student account upon completion of the Entrance Counseling Session and Master Promissory Note.
• Federal PLUS Loan is applied directly to the student account.

Since changes occur regularly in federal regulations concerning financial aid programs, the information in this catalog may change without notice. Additional information about financial aid can be obtained from the Student Financial Aid Services Office.