CAMPUS LIFE POLICIES - FINANCIAL AID POLICIES
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REQUIREMENTS FOR CREDITING FINANCIAL AID TO A STUDENT
  • 1. You must sign and return the award notification accepting/declining the assistance offered.
  • 2. Estimated financial aid will appear as a credit on your student account for the purpose of sending semester bills in June and November.
  • 3. After September 1, disbursements for estimated Outside Scholarships will no longer be credited to your account until the funds have been received. If you receive the check directly, forward it to the Grinnell College Office of Student Financial Aid.
  • 4. If you have been awarded a Federal Perkins Loan, Grinnell College Loan, Harris, Henry Strong, or Pioneer Loan and the promissory note is not included with your award, we will notify you at the beginning of the school term regarding times available to sign.
  • 5. To apply for a Federal Stafford Loan, please complete the Stafford Loan Request Form. If you are a first-time borrower, you will also need to complete the Master Promissory Note (MPN). These documents are available on our website at: www.grinnell.edu/offices/financialaid/forms/
  • 6. A parent cannot sign financial aid documents on a student's behalf.
  • 7. First-time Stafford and Perkins Loan borrowers are required to receive entrance loan counseling.
  • 8. All financial aid is subject to revision depending upon fund availability, changes in family contribution, and/or credit load. If you are planning to withdraw or go on personal or medical leave, please stop by the Office of Student Financial Aid. For students receiving the Iowa Tuition Grant:In the event that available state funds are insufficient to pay the full amount of each approved grant, the Iowa College Aid Commission has the authority to administratively reduce the award.
  • 9. You must maintain satisfactory academic progress according to standards prescribed by Grinnell College.
WITHHOLDING AID

There are reasons why we would be required to withhold financial aid from the student. We will contact the student should this situation occur. Reasons for withholding aid include:

  • default on Federal Perkins Loan or Federal Family Educational Loan;
  • repayment owed on any previous financial aid;
  • male who has reached his eighteenth birthday, but has not registered with Selective Service;
  • documentation of citizenship;
  • any other circumstances that precludes aid from being finalized.
REPORTING ADDITIONAL FINANCIAL AID

If you receive additional financial aid from outside sources, such as scholarships, VA or tuition benefits not listed on the award notification, you must contact the Office of Student Financial Aid immediately. Your award may need to be adjusted. It is your obligation to report any income and/or financial assistance not previously reported on your application.

HOW YOU ACTUALLY RECEIVE YOUR FINANCIAL AID
  • 1. Scholarship, grant, and loan awards are credited directly to your college account and applied toward the comprehensive fee (tuition, fees, room and board).
  • 2. Federal Work-study or Campus Employment will not appear as a credit on your account. Paychecks are issued twice a month. Students have the following options regarding work-study earnings:
    • a. use toward the comprehensive fee; arrangements must be made with the Cashier.
    • b. keep and use toward books, personal expenses, etc.
RESOURCES

The Federal Student Aid Information Center
800-4-FED-AID (800-433-3243)
TTY users may call 800-730-8913

State Agencies -- for contact information and website addresses, search the database at: www.ed.gov/offices/OPE/agencies.html


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