York Technical York Technical CollegeCollege

Financial Aid OfficeFinancial Aid Office

What is Financial Aid?What is Financial Aid?

GrantsGrants LoansLoans EmploymentEmployment ScholarshipsScholarships VA BenefitsVA Benefits Tuition AssistanceTuition Assistance Student LoansStudent Loans

General Requirements for General Requirements for All StudentsAll Students

You must demonstrate financial needYou must demonstrate financial need Be enrolled in an eligible program of studyBe enrolled in an eligible program of study Have a high school diploma or GED or Have a high school diploma or GED or

meet the Ability to Benefit test criteriameet the Ability to Benefit test criteria Be a U.S. Citizen or an eligible non-citizenBe a U.S. Citizen or an eligible non-citizen Be registered with the Selective Service (if Be registered with the Selective Service (if

male)male) Not be in default on a Title IV LoanNot be in default on a Title IV Loan Not owe a repayment to a Title IV programNot owe a repayment to a Title IV program Maintain satisfactory academic progressMaintain satisfactory academic progress Provide a valid social security numberProvide a valid social security number

Application For Application For Financial AidFinancial Aid

F - FreeF - Free

A - ApplicationA - Application

F - for FederalF - for Federal

S - StudentS - Student

A - AidA - Aid

How Do I Apply?How Do I Apply?

Electronically Electronically

FAFSA on the Web (FAFSA on the Web (www.fafsa.gov))

Priority DeadlinesPriority Deadlines

Fall SemesterFall SemesterJune 1June 1

Spring SemesterSpring SemesterNovember 1November 1

Summer SessionSummer SessionMarch 1March 1

Expected Family Expected Family ContributionContribution

The FAFSA data will be used to The FAFSA data will be used to determine your expected family determine your expected family contribution (EFC). The EFC is the contribution (EFC). The EFC is the amount that a student’s family is amount that a student’s family is expected to contribute toward the expected to contribute toward the student’s cost of attendance. student’s cost of attendance.

The Financial Aid Counselor subtracts The Financial Aid Counselor subtracts the EFC from the school’s costs to the EFC from the school’s costs to determine your financial need.determine your financial need.

EDUCATIONAL COSTSEDUCATIONAL COSTS

The cost of attendance is the total amount The cost of attendance is the total amount it will cost you to go to college. Each it will cost you to go to college. Each college is responsible for determining the college is responsible for determining the annual average cost of attendance for annual average cost of attendance for students using a standard definition students using a standard definition established by the U.S. Congress. This established by the U.S. Congress. This figure is used to calculate your financial aid figure is used to calculate your financial aid eligibility. Cost of attendance includes eligibility. Cost of attendance includes tuition, fees, books, supplies, room & tuition, fees, books, supplies, room & board, transportation and miscellaneous board, transportation and miscellaneous expenses.expenses.

Example of a 9-month Example of a 9-month Student BudgetStudent Budget

The Financial Resources Office utilizes The Financial Resources Office utilizes budgets to give students a projection of the budgets to give students a projection of the cost of attending York Technical College and cost of attending York Technical College and in determining a student’s yearly financial aid in determining a student’s yearly financial aid package.package.

The following example is for a full-time, in–The following example is for a full-time, in–county, independent student living away from county, independent student living away from home for one academic year:home for one academic year:

Tuition and FeesTuition and Fees $3496$3496 Books and SuppliesBooks and Supplies $1200$1200 TransportationTransportation $2500$2500 Personal/MiscellaneousPersonal/Miscellaneous $2250$2250 Room and BoardRoom and Board $7200$7200 TotalTotal $16,646$16,646

This is This is notnot the amount you will pay to attend the amount you will pay to attend the college.the college.

Definition of Definition of NeedNeed

Cost of Attendance (COA)Cost of Attendance (COA)

- - Expected Family Expected Family Contribution (EFC)Contribution (EFC)

Financial NeedFinancial Need

The Central Processing System (CPS) The Central Processing System (CPS) notifies the student of the FAFSA’s notifies the student of the FAFSA’s processing results:processing results:

1.1. Paper Student Aid Report (SAR) if the Paper Student Aid Report (SAR) if the student’s e-mail address was not student’s e-mail address was not providedprovided

2.2. E-mail notification sent containing a E-mail notification sent containing a direct link to student’s Student Aid direct link to student’s Student Aid Report (SAR) online if student’s e-mail Report (SAR) online if student’s e-mail address providedaddress provided

Missing Information Missing Information LettersLetters

Missing information letters are sent to Missing information letters are sent to students if additional information is students if additional information is required.required.

Most common request is for verification Most common request is for verification of FAFSA information.of FAFSA information.

Students receive a letter in the mail Students receive a letter in the mail after the receipt of the FAFSA results after the receipt of the FAFSA results and email reminders every 30 days.and email reminders every 30 days.

Verification ProcessVerification Process Each year, the U.S. Department of Education Each year, the U.S. Department of Education

selects a group of FAFSA’s for verification, a selects a group of FAFSA’s for verification, a process used to make sure that the information process used to make sure that the information students report is accurate. Verification prevents students report is accurate. Verification prevents ineligible students from receiving aid by reporting ineligible students from receiving aid by reporting false information, and ensures that eligible false information, and ensures that eligible students receive all of the aid for which they are students receive all of the aid for which they are qualified for. Some applications are selected qualified for. Some applications are selected because of inconsistent information; others are because of inconsistent information; others are chosen at random. Colleges can also choose chosen at random. Colleges can also choose applications to be verified. Students whose applications to be verified. Students whose applications are selected must give their Financial applications are selected must give their Financial Aid Office certain documentation to show the Aid Office certain documentation to show the information on the FAFSA is correct.information on the FAFSA is correct.

Corrections to your Corrections to your FAFSAFAFSA

If a correction to an applicant’s If a correction to an applicant’s data is needed, the correction may data is needed, the correction may be made by either of the following:be made by either of the following:

1.1. On the Web if the student has a PIN On the Web if the student has a PIN numbernumber

2.2. By the school (This method is By the school (This method is preferred if information has already preferred if information has already been transmitted to the school)been transmitted to the school)

Financial Aid Financial Aid InformationInformation

Missing information and award letters Missing information and award letters are mailed to students and this are mailed to students and this information can also be viewed on information can also be viewed on WebAdvisor.WebAdvisor.

1.1. Log in to the York Tech website: Log in to the York Tech website: www.yorktech.edu

2.2. Click on WebAdvisorClick on WebAdvisor

3.3. Log inLog in

4.4. Click on “Students”Click on “Students”

5.5. See options for Financial Aid on the screenSee options for Financial Aid on the screen

Financial AssistanceFinancial Assistance Federal and state financial aid is a resource to Federal and state financial aid is a resource to

assist families with the cost of attendance.assist families with the cost of attendance. There are three categories of federal student There are three categories of federal student

aid: Grants, Work-Study and Loans. aid: Grants, Work-Study and Loans. South Carolina State assistance is available in South Carolina State assistance is available in

the following programs: South Carolina Need-the following programs: South Carolina Need-Based Grant, South Carolina Legislative Based Grant, South Carolina Legislative Incentive for Future Excellence Scholarship Incentive for Future Excellence Scholarship (LIFE) and South Carolina Lottery Tuition (LIFE) and South Carolina Lottery Tuition Assistance.Assistance.

York Technical College Foundation York Technical College Foundation Scholarships are also available.Scholarships are also available.

Financial AidFinancial Aid

FederalFederal Federal Pell GrantFederal Pell Grant Federal Supplemental Educational Federal Supplemental Educational

Opportunity Grant (FSEOG)Opportunity Grant (FSEOG) Federal Work-Study (FWS)Federal Work-Study (FWS) Direct Stafford LoansDirect Stafford Loans

Must complete the Must complete the FAFSAFAFSA

Actual award amount Actual award amount based on Expected based on Expected Family Contribution Family Contribution (EFC) and enrollment (EFC) and enrollment statusstatus

Money that does not Money that does not have to be repaidhave to be repaid

Annual amounts range Annual amounts range from $388 to $5,550from $388 to $5,550

Federal Pell GrantFederal Pell Grant

Federal Supplemental Federal Supplemental Educational Opportunity Educational Opportunity

Grant (FSEOG)Grant (FSEOG)

Must complete the FAFSAMust complete the FAFSA Must be eligible for Federal Pell GrantMust be eligible for Federal Pell Grant Money that does not have to be repaidMoney that does not have to be repaid Based on hours of enrollmentBased on hours of enrollment Funds depend on availability at schoolFunds depend on availability at school

Federal Work-Study Federal Work-Study (FWS)(FWS)

Provides part-time employment while enrolled Provides part-time employment while enrolled in school.in school.

Helps pay for educational expenses.Helps pay for educational expenses. Available to undergraduate or graduate Available to undergraduate or graduate

students who are enrolled full-time or part-students who are enrolled full-time or part-time.time.

Priority to students who show exceptional Priority to students who show exceptional needneed

Students work no more than 20 hours per Students work no more than 20 hours per week.week.

FWS jobs are limited to availability of positions FWS jobs are limited to availability of positions and funds.and funds.

America ReadsAmerica Reads

In 1997, former President Clinton In 1997, former President Clinton launched the America Reads Challenge launched the America Reads Challenge to ensure that children learn to read on to ensure that children learn to read on their grade level by the third grade. This their grade level by the third grade. This work-study program provides students work-study program provides students with employment to help meet their with employment to help meet their financial needs. The students gain work financial needs. The students gain work experience as reading tutors involved in experience as reading tutors involved in service activities that play key roles in service activities that play key roles in working with individual children and working with individual children and supporting classroom activities.supporting classroom activities.

Direct Stafford LoanDirect Stafford Loan

Low interest student loansLow interest student loans Available to students enrolled in at Available to students enrolled in at

least 6 credit hoursleast 6 credit hours Must have at least a 2.0 cumulative Must have at least a 2.0 cumulative

GPAGPA Must attend a mandatory entrance Must attend a mandatory entrance

loan interview if first-time student loan interview if first-time student borrower and complete online borrower and complete online entrance loan counselingentrance loan counseling

State ProgramsState Programs

South Carolina Need-Based Grant South Carolina Need-Based Grant (SCNBG)(SCNBG)

LIFE ScholarshipLIFE Scholarship Lottery Tuition Assistance ProgramLottery Tuition Assistance Program

South Carolina Need-Based South Carolina Need-Based Grant (SCNBG)Grant (SCNBG)

Must complete the FAFSAMust complete the FAFSA Be a legal resident of South CarolinaBe a legal resident of South Carolina Be a U.S. Citizen or eligible non-citizenBe a U.S. Citizen or eligible non-citizen Demonstrate financial needDemonstrate financial need Must have a minimum 2.0 GPAMust have a minimum 2.0 GPA Be enrolled at least half-timeBe enrolled at least half-time Cannot have a two or four year degreeCannot have a two or four year degree Complete a certification verifying that they meet Complete a certification verifying that they meet

certain criteria established by the state.certain criteria established by the state. A student is eligible to receive the grant up to A student is eligible to receive the grant up to

four full-time semesters.four full-time semesters.

South Carolina Need-Based South Carolina Need-Based Grant (SCNBG)Grant (SCNBG)

To continue eligibility for SCNBG, the To continue eligibility for SCNBG, the student must:student must:

Maintain satisfactory academic Maintain satisfactory academic progressprogress

Complete at least 24 hours for a full-Complete at least 24 hours for a full-time student and minimum of 12 hours time student and minimum of 12 hours for a part-time student for fall/spring of for a part-time student for fall/spring of the previous academic yearthe previous academic year

Maintain a cumulative GPA of 2.0Maintain a cumulative GPA of 2.0

LIFE ScholarshipLIFE Scholarship

Initial EligibilityInitial Eligibility Must graduate from a South Carolina Must graduate from a South Carolina

high school with a minimum 3.0 GPA on high school with a minimum 3.0 GPA on the Uniform Grading Scalethe Uniform Grading Scale

Must have an official high school Must have an official high school transcript on filetranscript on file

Must be enrolling in college for the first Must be enrolling in college for the first timetime

Must enroll in a minimum of 12 non-Must enroll in a minimum of 12 non-remedial credit hoursremedial credit hours

LIFE ScholarshipLIFE Scholarship

Continued Eligibility:Continued Eligibility: Student must earn at least 30 non-Student must earn at least 30 non-

remedial credit hours and minimum remedial credit hours and minimum 3.0 GPA in the prior academic year3.0 GPA in the prior academic year

Students enrolling mid-year need a Students enrolling mid-year need a minimum of 15 non-remedial credit minimum of 15 non-remedial credit hours and a minimum 3.0 GPAhours and a minimum 3.0 GPA

LIFE ScholarshipLIFE ScholarshipGeneral InformationGeneral Information

Students are eligible for a maximum of 4 Students are eligible for a maximum of 4 semesters of LIFE Scholarship at a two-year semesters of LIFE Scholarship at a two-year institution depending on the academic institution depending on the academic program in which they are enrolled.program in which they are enrolled.

Students who receive LIFE Scholarship are Students who receive LIFE Scholarship are not eligible to receive Lottery Tuition not eligible to receive Lottery Tuition Assistance.Assistance.

LIFE Scholarship is not awarded in the LIFE Scholarship is not awarded in the summer session.summer session.

LIFE Scholarship covers the cost of tuition LIFE Scholarship covers the cost of tuition and provides a $300 per year book allowance.and provides a $300 per year book allowance.

Lottery Tuition Lottery Tuition AssistanceAssistance

Must complete a FAFSAMust complete a FAFSA Must be a South Carolina residentMust be a South Carolina resident Must enroll in at least 6 credit hoursMust enroll in at least 6 credit hours Must maintain a cumulative GPA of Must maintain a cumulative GPA of

2.0 once 24 credit hours have been 2.0 once 24 credit hours have been attemptedattempted

Lottery Tuition AssistanceLottery Tuition AssistanceGeneral InformationGeneral Information

Amount of award is determined by Amount of award is determined by the state legislaturethe state legislature

Award not based on needAward not based on need Lottery can only be used to pay the Lottery can only be used to pay the

cost of tuitioncost of tuition

Understanding Understanding Student Financial Student Financial

Aid at York Aid at York Technical CollegeTechnical College

Foundation ScholarshipsFoundation Scholarships

Provided through York Technical Provided through York Technical College Foundation as well as College Foundation as well as industries, businesses, professional industries, businesses, professional organizations, civic clubs and organizations, civic clubs and individuals.individuals.

Awarded on the following:Awarded on the following:1.1. Academic excellenceAcademic excellence2.2. AchievementAchievement3.3. Leadership qualitiesLeadership qualities4.4. NeedNeed5.5. Other criteria specified by donorOther criteria specified by donor

Financial Aid Satisfactory Financial Aid Satisfactory Academic Progress (SAP)Academic Progress (SAP)

Students must Students must make satisfactory make satisfactory academic progress academic progress to be eligible for to be eligible for financial aid.financial aid.

Students must Students must meet guidelines meet guidelines which comply with which comply with federal federal regulations.regulations.

The financial aid The financial aid policy is separate policy is separate from the general from the general academic policy.academic policy.

Satisfactory Satisfactory Academic Progress Academic Progress must be maintained must be maintained even during even during semesters when aid semesters when aid is not received.is not received.

Satisfactory Academic Satisfactory Academic ProgressProgress

Three criteria that determine progress:Three criteria that determine progress: Maximum length of time for which the Maximum length of time for which the

student may receive financial aid student may receive financial aid (150%)(150%)

Percentage of attempted credit hours Percentage of attempted credit hours the student must earn (70%)the student must earn (70%)

Minimum GPA the student must Minimum GPA the student must maintain (2.0 cumulative GPA)maintain (2.0 cumulative GPA)

Maximum Time Frame Maximum Time Frame (MTF)(MTF)

Maximum time frame for completion of Maximum time frame for completion of program is 150% of published hoursprogram is 150% of published hours

Assessment of hours is cumulative and Assessment of hours is cumulative and includes previous hours attempted; includes previous hours attempted; transfer credits, repeat classes, transfer credits, repeat classes, incomplete grades and withdrawals.incomplete grades and withdrawals.

Previous credits included even if Previous credits included even if financial assistance was not received.financial assistance was not received.

Maximum Time Frame Maximum Time Frame 150%150%

Scenario 1Scenario 1: Nikisha enrolled as a student : Nikisha enrolled as a student in the Teleproduction program. This in the Teleproduction program. This program requires program requires 4545 credit hors for credit hors for completion.completion.

Calculation: 45 credit hours x 150% MTF = Calculation: 45 credit hours x 150% MTF = 67.5 attempted hours67.5 attempted hours

Explanation: Nikisha is no longer eligible for Explanation: Nikisha is no longer eligible for financial assistance for this program once financial assistance for this program once attempted hours equal 67.5attempted hours equal 67.5

150% MTF150% MTFScenario 2: Scenario 2:

Kara graduated from Environmental Technology. This program Kara graduated from Environmental Technology. This program requires 20 credit hours of completion. Kara attempted 30 requires 20 credit hours of completion. Kara attempted 30 credit hours prior to graduating from the Environmental credit hours prior to graduating from the Environmental Technology program. Kara decided to enroll in the Technology program. Kara decided to enroll in the Teleproduction program the next term of enrollment.Teleproduction program the next term of enrollment.

Calculation: Maximum Time Frame for the Teleproduction Calculation: Maximum Time Frame for the Teleproduction program: 67.5 attempted hoursprogram: 67.5 attempted hours

20 credit hours required for Environmental Tech20 credit hours required for Environmental Tech- 30 credit hours attempted30 credit hours attempted== 10 hours excess10 hours excess

67.5 MTF for Teleproduction67.5 MTF for Teleproduction- 10 excess hours10 excess hours== 57.5 New MTF for Teleproduction57.5 New MTF for Teleproduction

150% MTF150% MTF

Explanation: Explanation:

Kara has 57.5 remaining attempted Kara has 57.5 remaining attempted hours of eligibility to complete the hours of eligibility to complete the Teleproduction program due to Teleproduction program due to successful completion of the successful completion of the Environmental Technology program. Environmental Technology program. However, excess hours from the 1 However, excess hours from the 1stst program will affect the MTF program will affect the MTF remaining.remaining.

70% Completion70% Completion

Students must complete 70% of all Students must complete 70% of all hours attempted each semester.hours attempted each semester.

Attempted hours are cumulative and Attempted hours are cumulative and all previous semesters are included all previous semesters are included in the calculation.in the calculation.

Attempted hours are all courses in Attempted hours are all courses in which a student is enrolled at the which a student is enrolled at the census date.census date.

70% Completion70% Completion

Scenario 1:Scenario 1:Denise attempted 12 credit hours Fall Denise attempted 12 credit hours Fall term and she earned 6 credit hours.term and she earned 6 credit hours.

Calculation: Calculation: 12 credit hours attempted x 70% =8.4 12 credit hours attempted x 70% =8.4 attempted credit hours.attempted credit hours.

Explanation: Explanation: Denise is not meeting 70%; She needed to Denise is not meeting 70%; She needed to earn 8.4 credit hours to meet the 70% earn 8.4 credit hours to meet the 70% requirement, but only earned 6 credit requirement, but only earned 6 credit hours. Financial Aid – SAP status hours. Financial Aid – SAP status Probation next term of enrollment.Probation next term of enrollment.

70% Completion70% Completion

Next term: Next term:

Denise enrolled in 9 credit hours Spring Denise enrolled in 9 credit hours Spring term. She was eligible to receive term. She was eligible to receive financial aid during a term of Financial financial aid during a term of Financial Aid-SAP probation. She earned 6 credit Aid-SAP probation. She earned 6 credit hours for the Spring term.hours for the Spring term.

Calculation: Calculation:

21 cumulative credit hours attempted x 21 cumulative credit hours attempted x 70% = 14.7 attempted credit hours 70% = 14.7 attempted credit hours needed.needed.

70% Completion70% Completion

Explanation:Explanation:

Denise cumulatively not meeting Denise cumulatively not meeting 70%; Denise needed to earn 14.7 70%; Denise needed to earn 14.7 credit hours to meet the 70% credit hours to meet the 70% requirement, but only earned 12 requirement, but only earned 12 cumulative credit hours. Financial cumulative credit hours. Financial Aid – SAP status is suspended next Aid – SAP status is suspended next term of enrollment.term of enrollment.

Grade Point AverageGrade Point Average

Students must maintain a 2.0 grade Students must maintain a 2.0 grade point average (GPA).point average (GPA).

GPA is cumulative and includes all GPA is cumulative and includes all semesters for which a student has semesters for which a student has been enrolled.been enrolled.

Grade Point AverageGrade Point Average

Terry must maintain a cumulative GPA of Terry must maintain a cumulative GPA of 2.02.0

Explanation:Explanation:

If Terry does not meet 2.0 GPA, Financial If Terry does not meet 2.0 GPA, Financial Aid – SAP status will be Probation next Aid – SAP status will be Probation next term of enrollment. If Terry does not term of enrollment. If Terry does not raise his GPA above a 2.0 the term raise his GPA above a 2.0 the term following probation he will be suspended following probation he will be suspended from receiving financial assistance.from receiving financial assistance.

Financial Aid ProbationFinancial Aid Probation

Students who receive financial aid but Students who receive financial aid but fail to maintain Satisfactory Academic fail to maintain Satisfactory Academic Progress will be placed on financial aid Progress will be placed on financial aid probation.probation.

Exception: A probationary period cannot Exception: A probationary period cannot be extended to students who have be extended to students who have exceeded the Maximum Time Frame of exceeded the Maximum Time Frame of 150% of a program of study or have 150% of a program of study or have attempted 180 credit hours.attempted 180 credit hours.

Financial Aid SuspensionFinancial Aid Suspension

Financial Aid Suspension will result from Financial Aid Suspension will result from failure to:failure to:

Complete the minimum required number of Complete the minimum required number of credits required during a probationary credits required during a probationary semester.semester.

Maintain a cumulative GPA of at least 2.0 Maintain a cumulative GPA of at least 2.0 during a probationary semester.during a probationary semester.

Graduate prior to exceeding the maximum Graduate prior to exceeding the maximum number of credits allowed for the student’s number of credits allowed for the student’s published program length.published program length.

Financial Aid SuspensionFinancial Aid Suspension Meet the requirements of an appeal Meet the requirements of an appeal

approval. A student, who is suspended approval. A student, who is suspended again after failing to meet these again after failing to meet these requirements, must attend on his/her requirements, must attend on his/her own without financial aid and earn the own without financial aid and earn the required cumulative GPA and met 70% in required cumulative GPA and met 70% in order to regain eligibility. order to regain eligibility. Subsequent appeals may be considered if Subsequent appeals may be considered if a student has experienced unusual, a student has experienced unusual, extenuating circumstances that can be extenuating circumstances that can be documented.documented.

Appeals ProcessAppeals Process Students must provide written documentation of Students must provide written documentation of

extenuating circumstances of why they failed to extenuating circumstances of why they failed to meet the standards and how they will improve.meet the standards and how they will improve.

Submission of an appeal does not guarantee Submission of an appeal does not guarantee reinstatement of financial aid.reinstatement of financial aid.

Students whose appeals are approved are placed Students whose appeals are approved are placed on financial aid probation, will continue to on financial aid probation, will continue to receive financial aid and must meet the receive financial aid and must meet the conditions of the appeal.conditions of the appeal.

Students whose appeals are denied will not Students whose appeals are denied will not receive financial aid until they are once again receive financial aid until they are once again making satisfactory academic progress.making satisfactory academic progress.

Changes in EnrollmentChanges in Enrollment

If you drop before classes begin or If you drop before classes begin or before the census date (end of the before the census date (end of the drop period), your financial aid will drop period), your financial aid will be adjusted based on the hours for be adjusted based on the hours for which you are enrolled on the which you are enrolled on the census date. Also, if you never census date. Also, if you never attend a class, your award amount attend a class, your award amount will be adjusted if it reduces your will be adjusted if it reduces your enrollment below full-time. enrollment below full-time.

Example of Potential Award Example of Potential Award Adjustment Based on Adjustment Based on

EnrollmentEnrollmentFulltimeFulltime ¾ Time¾ Time ½ Time½ Time Less than Less than

½ time½ time12 hours12 hours 9-11 hours9-11 hours 6-8 hours6-8 hours 5 or less hours5 or less hours

A student eligible to receive a full Pell would be A student eligible to receive a full Pell would be awarded accordingly:awarded accordingly:

$2,775$2,775 Full Time EnrollmentFull Time Enrollment$2,081$2,081 ¾ Time Enrollment¾ Time Enrollment$1,388$1,388 ½ Time Enrollment½ Time Enrollment$694$694 Less than ½ Time EnrollmentLess than ½ Time Enrollment

Return to Title IVReturn to Title IV

Complete withdrawal from college: As Complete withdrawal from college: As part of Section 484B of the Higher part of Section 484B of the Higher Education Act, Congress passed new Education Act, Congress passed new provisions governing what must happen provisions governing what must happen to your federal financial assistance if you to your federal financial assistance if you completely terminate enrollment.completely terminate enrollment.

If a student withdraws from York If a student withdraws from York Technical College, the college or the Technical College, the college or the student may be required to return a student may be required to return a portion of the funds.portion of the funds.

Myths About Financial Myths About Financial AidAid

MYTH: “You must be enrolled in 12 MYTH: “You must be enrolled in 12 credit hours per term to receive credit hours per term to receive financial aid.”financial aid.”

FALSE. Many federal and state FALSE. Many federal and state programs awards are not based on programs awards are not based on enrollment. Therefore you can be enrollment. Therefore you can be enrolled in as little as 1 credit hour enrolled in as little as 1 credit hour to receive financial assistance.to receive financial assistance.

MYTHS…..MYTHS…..

MYTH: “You or your parents can’t get MYTH: “You or your parents can’t get any financial aid because your family any financial aid because your family income is too high.”income is too high.”FALSE. Income is only one of the FALSE. Income is only one of the criteria on which financial aid is based. criteria on which financial aid is based. If the costs exceed your family’s If the costs exceed your family’s means, you will qualify for some form means, you will qualify for some form of financial aid (grants, work-study, or of financial aid (grants, work-study, or South Carolina state assistance). Also South Carolina state assistance). Also some scholarships are based on merit.some scholarships are based on merit.

For more information:For more information:

Stop by the Financial Aid Office in Stop by the Financial Aid Office in the Student Services Buildingthe Student Services Building

Call 803-327-8005Call 803-327-8005 Email Email finaid@yorktech.edu