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The Office of Student Financial Aid supports the mission of the University by assisting students and families seeking educational programs at Old Dominion University. The Office administers financial aid programs funded by federal, state, University, and private sources in the form of grants, federal work-study programs, and merit and need-based scholarships. Also, federally supported loans are offered to qualified applicants through Federal Direct Subsidized loans, the William D.
Alternative loan options are also available to support educational goals. Regulations governing the administration of student financial aid are subject to unanticipated changes. For updated information, visit the website at www. The University offers a variety of awards each year to qualified students who have been admitted into degree programs. Financial need is defined as the difference between the total cost of education at Old Dominion University and the amount of money an applicant and his or her family are expected to make available from income and assets to meet those expenses.
To be eligible for assistance from the most aid programs, a student must be a citizen or an eligible non-citizen. Some awards are deated only to Virginia residents while others are not restricted by residency. A student must be admitted and enrolled in an eligible degree program, must be registered with the Selective Service if requiredmust not be in default or owe a repayment or refund on a federally guaranteed loan or grant, and must be in good academic standing making satisfactory academic progress.
Certain aid programs require a student to maintain a full-time status. One exception to the requirement that students must enroll in a degree-seeking program applies to students admitted for purposes of teacher certification who apply for a William D. Ford Federal Direct Loan. Financial aid eligibility is determined on an annual basis, for one academic year Fall, Spring, Summer only. Students must reapply each year for continued eligibility. Applications for financial aid should be submitted as early as possible beginning in October preceding the academic year requested.
Awards are offered on a first-come, first-served basis and dependent on fund availability. To be considered Virginia student with unsatisfied needs the Annual and Endowed Scholarships administered by the University, an Admissions application or the Scholarship Application for Continuing Students must be received by the University by January 1st preceding the academic year of interest. All admitted students are automatically considered.
An entering student must be accepted for admission into a degree-seeking program before receiving a financial aid eligibility notification ; however, a student who has not yet been accepted for admission may apply for financial assistance. Once admitted into an eligible degree program, the student will automatically receive a notice of tentative financial aid eligibility. Announcements of financial aid eligibility for early applicants are generally made before May 1. The applicant will be notified by the Office of Student Financial Aid. Students may be notified by to their Old Dominion University s throughout the year.
The information regarding financial aid contained in this catalog is subject to changes or deletions without notification. Additional information concerning financial aid is available through the Office of Student Financial Aid. The federal Student Guide, which describes the federal student financial aid programs and how to apply for them, is also available free of charge from the Federal Student Aid Information Center The U.
To be considered for financial aid, a student must complete all documents and submit them as soon as possible after October 1 preceding the academic year for which application is made. For example, a student planning to attend during the Fall Semester, would Virginia student with unsatisfied needs a financial aid application in October, The documents and deadlines are described below. FAFSAs received by the federal processor before University established priority deadlines receive priority consideration.
Students are strongly encouraged to review and keep their SARs and all other financial-aid-related documents for future reference. The SAR contains valuable information as well as a unique data release code. Students should also keep copies of all documents used to complete the FAFSA, as they may be requested by the Office of Student Financial Aid as part of the federally-required verification process.
Students who are eligible to participate in the federal work study program will be required to submit certain documents. Student employees who wish to work on or off campus must be prepared to complete the I-9 Form before they begin working.
The I-9 Form cannot be completed unless the employee provides documents to verify both identity and employment eligibility. The following documents will satisfy this requirement:. If one of the ly referenced documents is not available, an applicant or employee must submit both a document verifying employment eligibility and a document establishing identity. Documents that verify employment eligibility include:. Students attending classes at a distant site may be required to submit these forms.
These students should consult with their Student Success Advisor and their financial aid counselor to determine if these forms are required. This means that required verification documents must be received and processed prior to the receipt of an aid offer.
The verification review process may take up to two weeks or longer during peak processing periods. Progress is measured by PACE the of credits earned in relation to those attemptedQualitative GPA standard and Allowable time the maximum time frame allowed to complete the academic program. Students must also demonstrate a progression toward completion of their degree program within an established timeframe. Failure to maintain Satisfactory Academic Progress will result in loss of financial aid eligibility. Progress is reviewed annually, at the end of the academic year.
Qualitative Satisfactory Academic Progress for students is evaluated in accordance with the following:.
The maximum allowable time to be eligible for most financial aid programs for a full time undergraduate student is five years or 10 semesters. Students attending less than full-time will be eligible for aid for semesters registered, not to exceed the equivalent of 10 full-time semesters.
Undergraduate students at Old Dominion University may attempt a maximum of credit hours. Undergraduates working on a second degree will be given an additional 90 hours to earn their second degree. Note: Transfer credits are included. Please note that students who have not received financial aid in years but are applying for financial assistance for the first time will also be held to the requirement of maintaining Satisfactory Academic Progress. If students exceed the maximum allowable time, they are not meeting Satisfactory Academic Progress; thus, all aid will be suspended.
Financial Aid suspension does not prohibit students from Virginia student with unsatisfied needs their education at Old Dominion University. It does prohibit students from receiving financial aid until they again meet the standards for Satisfactory Academic Progress. Students who fail to meet Satisfactory Academic Progress are placed on financial aid suspension. Students have the option to appeal this suspension. An appeal must be based on ificant mitigating circumstances that seriously affected academic performance.
Note: Please make sure the student ODU is activated. s will be sent to students on financial aid probation advising them of the conditions needed. If it is determined that a student will need more than one probationary term, the student must be placed on an academic plan. An academic plan will be developed by the student and their academic advisor. All academic plans will be monitored each term.
If the student fails to meet the standards set up in the plan, the student will no longer be eligible for financial aid until the student establishes eligibility on their own. Students who fail to meet the conditions outlined in their academic plans during their probationary semester will not be eligible to submit a subsequent appeal. Directions for filing an appeal for reinstatement of eligibility for financial aid are as follows:.
Students should submit the complete appeal packet and all supporting documents within 14 days of receipt of notification. Failure to submit the complete packet will result in cancellation of aid. Allow two weeks for the review of the appeal and receipt of the decision notification. The contract is binding and academic progress will be reviewed at the end of the enrollment period specified. If the appeal is denied, the decision notification will specify the conditions for future consideration for financial aid eligibility.
If the appeal is unsuccessful, an notification will be sent notifying students of the decision and informing the student how to re-establish eligibility if applicable. Students may re-establish their eligibility for financial assistance by achieving the satisfactory progress standards. Sitting out a semester at Old Dominion University will not assist in re-establishing eligibility. Once students have earned the required grade point average or completed the required credit hours, they must contact the Office of Financial Aid to request the reinstatement of their financial aid eligibility.
Withdrawing from courses may impact financial aid awards.
Before withdrawing from class, students should contact the Financial Aid Office to determine the consequences. Students who totally withdraw from the University and receive aid may owe the University money. Before withdrawing from the University, students should contact the Financial Aid Office to determine the consequences. Withdrawing from all courses for two consecutive semesters may result in loss of financial aid eligibility. Incompletes: Courses ased a grade of "I" are not considered complete and will not be included in the total credits earned until the final grade has been submitted.
Federal regulations limit the of times a student may repeat a course and receive financial aid for that course.
A student may receive aid when repeating a course that was ly failed received a failing or unsatisfactory graderegardless of the of times the course was attempted and failed providing the student meets the Satisfactory Academic Progress standards. This rule applies whether or not the student received aid for earlier enrollments in the course.
Important Note: The Financial Aid Office does not determine if a student may repeat a class, only whether a student may be eligible for financial aid for a repeat class. In addition, every repeated course affects Satisfactory Academic Progress calculations; all repeated courses are counted as attempted credit hours. A Federal Pell Grant, unlike a loan, does not have to be repaid. For many students, Pell Grants provide a foundation of financial aid to which other aid may be added.
The amount of Federal Pell Grants students may receive over their lifetime is limited to an equivalent of six years of Pell Grant funding. Like the Federal Pell Grant, this award assists undergraduate students only and does not have to be repaid. This grant is made to students who demonstrate exceptional financial need very low expected family contribution, or EFC. Students who meet all other eligibility criteria and whose FAFSAs were received by the federal processing agency by Old Dominion University priority deadlines are considered for this grant.
It is awarded on a first-come, first-served basis. Federal funding for this program is extremely limited. This program provides jobs for undergraduate or graduate students with financial need, allowing them the opportunity to earn money for educational expenses.
The FWS program encourages community service work such as tutoring and work related to the course of study. A student who qualifies for FWS is not automatically guaranteed employment. A Virginia student with unsatisfied needs of positions are available each semester and are filled by the order of completed University employment application packets received by Career Development Services CDS.
Contact the CDS at for more information about the application process. Old Dominion University participates in the William D. Department of Education upon disbursement payment to eligible students.Virginia student with unsatisfied needs
email: [email protected] - phone:(539) 753-1826 x 7228
Types of Aid