金融援助 Dictionary

There are many resources available to help you secure financial aid on your Koala Journey. Find explanations for our most-used terms below to better understand your needs, your opportunities, and the tools you can use to pay for college.

  • 学年: The academic year spans Fall and Spring semesters. It begins in August and ends in May.
  • 援助 Eligibility: 援助 eligibility refers to a student’s academic standing. Certain scholarships and grants have GPA requirements and credit hour requirements to maintain aid eligibility. 访问 Federal Student 援助 for more information.
  • Citizen/Eligible Noncitizen: 接收U.S. federal aid, a student must be a U.S. citizen or eligible noncitizen. 
    U.S. citizens include students who were born in the United States, 美属萨摩亚, or Swains Island, and students born to parents who are citizens of the United States abroad. 
    Eligible noncitizens include U.S. permanent residents with Alien Registration Receipt Cards and students with an Arrival-Departure Record (I-94) from the U.S. Immigration and Naturalization Service (INS) showing specific designations.
  • 成本 of Attendance: 成本 of attendance (COA) is the price associated with the total expenses of being a college student. Some of the items are listed on the student bill, including College tuition and 费用, housing (for on-campus residents), and food (for students with meal plans). The other items included in the COA are calculated estimates for books, course materials, 供应, 运输, and personal expenses. 
  • Degree-Seeking Status: Students must be accepted into a degree-seeking program at Columbia College and enrolled in at least half-time credits to have a “Degree-Seeking Status” and qualify for federal financial aid. 
  • Expected Family Contribution (EFC): Expected Family Contribution (EFC) is an index used to determine your federal aid eligibility based on a formula calculation within the FAFSA set up by the Department of Education. Your EFC is based on both your income and assets as well as your parents’ unless you are considered independent. This number should not be viewed as a dollar amount you will be required to contribute to educational expenses; your out-of-pocket expenses may be more or less than your EFC. The Student 援助 Index (SAI) will replace the EFC no later than July 1, 2024. For more information, visit the Federal Student 援助 website.
  • Financial Need: Per The Office of Federal Student 援助, “Financial need is the difference between the cost of attendance (COA) at a school and your Expected Family Contribution (EFC). While COA varies from school to school, your EFC does not change based on the school you attend.”

金融援助 常见问题

Why can’t I see my loans or scholarships on my student account?

If your award requires a document, it will not show on your student account until the document is complete.

什么是佩尔?? 

美国.S. Department of Education determines one’s eligibility to receive a Pell Grant by using the information provided on a student’s Free Application for Federal Student 援助 (FAFSA). For every institution of higher learning in the nation, the maximum Pell award for the 2023-2024 academic year is $7,395.

什么是SEOG? 

Federal Supplemental Education Opportunity Grant (SEOG) is an allocation of federal funds made available to a college for disbursement to a student identified as having significant financial need. The college determines whether an individual has significant financial need based on a student’s inability to pay for the individual’s tuition, 费用, and room and board if the student has on-campus housing. SEOG is applied to assist the student in paying for their educational costs.

What is the South Carolina 学费 Grant? 

The South Carolina 学费 Grant is a grant designed to provide additional financial support to South Carolina’s neediest students. The financial aid office administers this grant, and the students must have a FAFSA on file. The maximum funds awarded for the current academic year is $4,800. It is awarded to full-time students and is applied towards tuition and 费用 as well as room and board if the students are staying on campus.

What is a State 援助 Affidavit?

All South Carolina 状态 aid recipients are required by 状态 law to complete a 状态 aid affidavit annually in order to receive 状态 funds. Funds covered by this affidavit are: SC 学费 Grant, LIFE Scholarship, Palmetto Fellows, HOPE Scholarship, LIFE Enhancement Scholarship, and Palmetto Fellows Enhancement.

What are institutional scholarships, and how are they awarded?

Institutional 奖学金 are scholarships awarded by the institution to assist students in paying tuition, 费用, and room and board for those who live on campus. Columbia College scholarships are awarded after federal and 状态 grants and/or outside scholarships have been applied.

Why did I receive less scholarship money than I was promised in a letter I received this past summer?

The college’s commitment to student scholarship is to award as much financial aid possible after all 状态 and federal grant monies have been applied to cover tuition, 费用, and room and board if the student resides on campus. Scholarship monies awarded by the college are subject to availability and may be adjusted at the discretion of the college.

If I was promised a certain amount of scholarship dollars, how could the college take away my money?

The excess funding from federal loans is only 退款able to the borrower. A scholarship awarded by Columbia College is not 退款able, and the student’s account will be adjusted to $0 if his or her application generates a credit. 奖学金 that are awarded from other agencies (i.e., businesses, churches, organizations, etc.) reserve the right to advise how scholarships are designated. Some scholarships specify how funds are to be disbursed and what should be done with any excess after tuition and 费用 have been paid in full. 例如, some scholarships specify that the funding is only to be used towards books or tuition and 费用. 除了, some scholarships require that any excess funds after tuition and 费用 have been fully covered be returned.

I have always received a 退款. Why am I not getting one now? 

在过去几年里, some students were 退款ed the remaining scholarship dollars after tuition, 费用, and room and board were covered. In keeping compliant with federal standards and industry best practices, the college will only award scholarship monies to assist a student with tuition, 费用, room and board if all are not fully covered once federal and 状态 grants have been applied.

When can I expect a 退款?

Refunds are generated when the amount of 退款able aid on a student’s account is more than his or her charges. If this happens, 退款s are generated within 14 days of the credit being on a student’s account.

How do I receive my 退款? 

The business office will notify you to inform you if you are getting a 退款. Refund dates are posted in the Koala Connection portal for your convenience.

What are student loans?

Student loans are monies that the federal government will lend to a student while he or she is enrolled in school. Loans are monies that must be repaid once the student has stopped attending at least 6 credit hours, 毕业, and/or exhausted their grace period, which may vary based on the individual. The amount of student loans a student can receive is directly determined by their academic and dependency status.

What is a Priority Deadline?

The date by which your FAFSA must be received to be considered for first-come, first-serve funds like Federal Work Study and the Federal Supplemental Educational Opportunity Grant (FSEOG). Columbia College’s priority deadline is March 15th of every year.

What is Verification?

Verification is a process initiated by the U.S. Department of Education that requires the Office of 金融援助 to validate all of the information on a student’s FAFSA. This will require additional forms to be completed and a copy of the student and parent’s Internal Revenue Service (IRS) tax transcript to be supplied if the parent and/or student has not used the IRS Data Retrieval tool located inside the FAFSA. Students are selected randomly by the Department of Education, and up to 85 percent of a school’s population can be selected for this process.

How do I know if I am eligible for Federal Work Study?

If you are eligible to receive federal work-study, you will be sent an email to apply in Handshake.

I received an email that I have Federal Work Study. How does Federal Work Study (FWS) Work?
  • Students must apply in Handshake.
  • Once the applications are received, supervisors will contact students for an interview. If the desire is to hire the student, the employer will sign the students' authorizations agreeing that they have been selected to work in their area.
  • Students and employers receive an “Authorized to Work” email from the FWS Office (students may not begin working prior to receipt of this email).
  • Students are paid monthly.
  • Students and employers are responsible for keeping track of the FWS Award balance (students will not be paid more than what they are awarded).
How much do I get paid for FWS?

If you work on campus, you will be paid $12.00 /小时. If you work in a community service position, you will be paid $15.00 /小时.

What is the e-verification process?

E-Verify is an Internet-based system that compares information entered by an employer from an employee's Form I-9, 就业 Eligibility Verification, to records available to the U.S. Department of 首页land Security and the Social Security Administration to confirm employment eligibility. All students must be e-verified in order to begin work.

What is Satisfactory 学术 Progress (SAP)?

Federal and 状态 regulations require financial aid recipients to maintain Satisfactory 学术 Progress (SAP) toward a recognized degree. SAP applies to all undergraduate and graduate students who may or may not receive most types of federal, 状态, and institutional financial aid administered by the college. At the conclusion of each term or payment period, Columbia College (CC) reviews all currently enrolled CC students to verify they are meeting the SAP requirements.

How do I maintain SAP? 

To maintain SAP, you must meet the requirements below: 

Cumulative Attempted Hours
(with transfer credit)
*Minimum Cumulative Grade Point Average
at Columbia College (GPA)
1-171.70
18-341.80
35-511.90
51岁及以上2.00

Graduate students must maintain a 3.02年平均绩点.

All students must have a completion rate of .6665 or 67%.

Who do I contact with questions about my SAP?

You should contact your academic advisor for questions about your SAP status. If you have questions on how SAP affects your financial aid, you should contact the Office of Financial aid at fa@glitzcabana.com.

What happens with my Federal 援助 if I withdraw from the College?

When a student who has received federal financial aid funds (Title IV funds) leaves a school before the end of the semester or enrollment period, federal law requires Columbia College to calculate the percentage and amount of “unearned” financial aid funds that must be returned to the federal government. For more information on Columbia College’s withdrawal policy, please visit the withdrawals section of the 金融援助 Policies webpage.

How do I resolve disputes with my federal student loans?

The Federal Student 援助 (FSA) Ombudsman of the Department of Education helps resolve disputes and solve other problems with federal student loans. The FSA特派员 encourages borrowers to make every effort to resolve their student loan problems. When a solution cannot be reached, the FSA特派员 has a process and the resources to assist borrowers.

Contact Information:

FSA STUDENT LOAN OMBUDSMAN’S OFFICE - U.S. DEPARTMENT OF EDUCATION
FSA特派员 
830 First Street N.E.
华盛顿特区.C. 20202-514

电话:202.377.3800
免费电话:877.557.2575
传真:202.275.0549

Who do I contact when I have questions about my 金融援助?

The Office of 金融援助 at fa@glitzcabana.com or (803) 786-3612.

Who do I contact when I have questions about my balance, 1098 - t形式, 退款, or need to make a payment?

The Office of 学费 Accounts at ta@glitzcabana.com.