Student Terms of Agreement
I understand:
- I cannot receive financial aid payments if I am in default on any Title IV educational loans made to attend any college and/or owe an overpayment on any Title IV grant to any college and/or the U.S. Department of Education.
- I cannot receive financial aid payments at more than one (1) post-secondary college for the same period of enrollment and I therefore must notify the Financial Aid Office if I am receiving financial aid for attendance at another college while attending Taft College. Further, I cannot receive financial aid payments exceeding the maximum annual award.
- I must be enrolled in a course of study leading to a bachelor's degree, an associate degree, an eligible vocational certificate, or a transfer degree program to a four-year college or university.
- I must have a high school diploma or a GED.
- My financial aid payments will adjust based on my enrollment status at the time each payment is processed.
- Federal Financial Aid (“Title IV funds”) is awarded to a student under the assumption the student will attend school for the entire period for which the assistance is awarded.
- I cannot receive financial aid payments for any units completed as a result of Credit by Examination or any courses taken for Audit.
- I can only receive financial aid payments once for repeating a previously attempted/passed course.
- I cannot receive payment for a Waitlist course until I am officially enrolled in the course.
- If I fail to receive a passing grade of at least one course during a semester I officially attended, I may owe funds back to the college and/or the U.S. Department of Education.
- If I completely withdraw from classes, I may be subject to repayment of funds received from all Title IV programs. I further understand I will lose eligibility for future financial aid if I do not repay the funds.
- In the event of a financial aid overpayment, regardless of the cause, I must repay the funds. This includes students who received financial aid funds and are later determined to be ineligible.
- The amount of financial aid I receive directly relates to the cost of attending college and my financial aid funds must be used FIRST to pay charges for expenses incurred. I further understand I am responsible for all outstanding charges.
- Effective July 1, 2012, federal regulations limit the receipt of a Federal Pell Grant to a lifetime limit of up to 6 years or 12 full-time semesters (600%) or until a Bachelor’s Degree is earned, whichever comes first. I understand when I have reached 600% in Federal Pell Grant funds, I will no longer be eligible for a Federal Pell Grant. I understand this limit will be monitored by the U.S. Department of Education.
- The Office of Financial Aid and Scholarships reserves the right to revise my Financial Aid Award at any time if there are changes to my financial aid eligibility.
- It is my responsibility to visit the Taft College Financial Aid website for financial aid announcements, updates and to check the status of my financial aid by visiting MyTC at www.taftcollege.edu
- The Financial Aid Terms of Agreement and Satisfactory Academic Policy may change any time during the semester. In the event of changes, I will comply with all the new policies.
- It is my responsibility to complete a designated program of study within the maximum time frame as specified in the Satisfactory Academic Progress regulations and ensure all classes I take will fulfill my educational goal requirements.
- My Pell Grant will arrive in two disbursements each semester (the total award will be divided into the following percentages for each semester (50%/50%).
- Cal Grant funding is limited to 4 academic years. In order to obtain a Bachelor’s degree in 4 years, you must complete 15 units or more per semester or the equivalent in quarter units. Create a plan with your counselor to streamline your transfer eligibility to meet the 4-year time frame if you are pursuing an associate degree for transfer.
- If any of the following should occur:
- My enrollment drops below 6 units
- I withdraw from all of my classes
- My instructor assigns a Withdrawal (W) or an FW
I may owe all or a portion of my Federal Financial Aid back to the college and/or the U.S. Department of Education. The Federal Financial Aid refund calculation is based on my last date of attendance recorded by my instructor.
I further understand failure to maintain Satisfactory Academic Progress may result in termination of future financial aid.