How You Will Receive Your Aid
Except for work-study, which is paid directly to you, your financial aid student account first, as early as the third week of the semester. Once all charges you’ve been billed for at that time have been paid, any extra financial aid will be sent to you as a “refund.” Even after you receive a refund, it is possible that your bill can adjust, changing what you owe.
Attendance
You can only receive financial aid for the classes you attend. Financial aid cannot pay for tuition, fees, or books associated with a course you did not attend. If you do not attend class, or plan to withdraw for the semester, you should contact your college navigator first. Withdrawing from or not attending classes can result in owing money back to the college. You are responsible for any tuition, fees, books and other charges to your account.
Classes that begin after the first day of the semester.
Ozarks Tech will disburse your financial aid after it verifies your attendance in enough credits to receive the type of financial aid you were offered.
Types of Aid
To determine how much Pell you will receive, we multiply your maximum Pell award for 2 semesters by your “enrollment intensity,” expressed as a percentage.
Enrollment Intensity by Credit Hours
| Enrollment Category | Enrolled Credit Hours | Enrollment Intensity |
|---|---|---|
| Full-Time | 12 (or more) | 100% |
| Three-Quarter Time | 11 | 92% |
| 10 | 83% | |
| 9 | 75% | |
| Half-Time | 8 | 67% |
| 7 | 58% | |
| 6 | 50% | |
| Less-than-Half-Time | 5 | 42% |
| 4 | 33% | |
| 3 | 25% | |
| 2 | 17% | |
| 1 | 8% |
Ozarks Tech bases your financial aid award on 12 credit hours for each semester (or 6 in the summer). However, you must be enrolled in 6+ credit hours at the point that loans are applied to your student account in order to receive the loans.
The money you earn from your work-study job will be paid to you directly, not to your student account. You must be currently enrolled and seeking a Certificate of Achievement, Associate degree, or Bachelors degree to receive work-study. However, you may still receive work-study during the summer semester if you are enrolled in fall classes, even if you are not enrolled in Summer.
Ozarks Tech Foundation scholarships generally cannot be refunded (i.e., any amount that is not needed to pay your bill cannot be given to you directly). Dropping a class may reduce your student balance and lower the amount of your scholarship that can be disbursed.
You cannot receive your A+ scholarship until you have begun attendance in 12 credit hours every semester. If you receive A+, dropping a class will impact you in the following ways:
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If you are still enrolled in 12+ credit hours, you will owe the A+ back for the credits you dropped.
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If you are not enrolled in 12+ credit hours anymore, you will not owe the A+ back for the credits you dropped, but cannot receive A+ next semester (because you must complete 12 hours every semester that you receive A+)
Except for the A+ scholarship, state financial aid (Access Missouri Grant, Fastrack Workforce Incentive Grant, etc.) is not reduced after it is disbursed, as long as you qualified for the award when it applied to your account.
Assistance from public programs such as WIOA, Vocational Rehabilitation, and Veterans Affairs are often contingent upon actual tuition, fees, books, supplies, and other related expenses. If these change (e.g., you drop a class), the amount you can receive may change. Consult with the fund agency or your college navigator to learn how changes to your enrollment or your bill will impact your public financial aid.
Before you change your schedule, check with your scholarship donor or your college navigator to learn how it will impact your external financial aid. The rules for private funding vary by source.
Withdrawing
If a student stops attending before they complete all of the days they planned to attend in a semester, they are considered “withdrawn.” They are also considered withdrawn if they do not pass any of their courses in a semester with a grade of D or higher. When this happens, the federal (“Title IV”) financial aid they were offered for their registered classes may be adjusted to reflect the amount of the semester they attended. This could result in the student owing money back to Ozarks Tech if it has disbursed, or receiving financial aid if it has not disbursed. If the student received financial aid other than federal funds, the college may also return a portion, depending on the type of aid that was received.
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