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STC Financial Aid Newsletter

VOLUME 4, ISSUE 3 • FALL 2017

Fall 2017 Semester Dates & Deadlines

 

STC Scholarship Deadline
August 3, 2017

Priority Financial Aid Deadline
August 4 – Must submit FAFSA application and all required financial aid documentation.

Financial Aid SAP Appeal Deadline
August 16, 2017

Payment Deadline
August 17, 2017 6:00 p.m.

Nelnet Payment Plan
Have a balance due? Set up an interest free payment plan!
June 19 – First day available to enroll (4 installments – enrollment fee: $30.00)
August 16 – Last day to enroll in payment plan (50% down + 2 installments – enrollment fee: $40.00)
To enroll, visit: www.savannahtech.edu/paymentplan

Bookstore Charging
Available August 21 – September 2

No Harm No Foul Registration Dates
Withdraw without penalty: August 21-23

Fall Mini-Mester Dates
October 12 – December 3

Useful Websites
www.fafsa.ed.gov – Apply for FAFSA
www.GAfutures.org – Complete the GA application or apply for GA Student Access Loan
www.nslds.ed.gov – Loan and grant history
www.studentaid.gov – About financial aid

2017-18 award year

Deadline August 16
Complete your FAFSA online at www.fafsa.ed.gov early to avoid missing deadlines and waiting in long lines!

2017-18 FAFSA Application
Now is the time to file your new FAFSA application for the 2017-18 school year. Remember, taxes need to be filed for 2016 in order to finalize the application. We strongly recommend you to utilize the IRS Data Retrieval Tool when completing the FAFSA  application. The IRS Data Retrieval Tool allows eligible students/parents the ability to transfer and link tax return data from the IRS directly to the FAFSA application. This tool allows for more ease and accuracy of reporting income tax information to FAFSA.

FSA ID
The Department of Education replaced the Federal PIN number with the new FSA user ID and password. For further guidance with applying for an FSA User ID and password or help with linking your previous Federal Pin to your new FSA User Id, please visit: studentaid.ed.gov/sa/fafsa/filling-out/fsaid

Savannah Technical College School
Code: 005618

2017-18 FAFSA applications are now being reviewed. Email notifications will be sent out if you have been selected for verification or need to supply additional documentation. Be sure to allow at least 5-7 business days for the school to receive your FAFSA application.

Scholarships

Deadline August 3
Students are encouraged to apply for scholarships to help fund their education. Check out our Scholarship page on the Savannah Technical College website for more information and how to apply: www.savannahtech.edu/scholarships

Also, consider outside scholarship resources by researching your local county, church, and any other affiliated organizations. Check out Fast Web at www.fastweb.com/collegescholarships as another useful resource to search and apply for outside scholarships.

Satisfactory Academic Progress (SAP)

Deadline August 16
After grades are posted for the summer semester, Financial Aid will review your grades and determine if you are meeting Satisfactory Academic Progress requirements to remain eligible for federal and state aid. You will be notified by email if you are placed on ‘warning’ or ‘suspension’ status.

Be sure to check your Savannah Technical College email account after each term of enrollment to ensure a timely receipt of any notifications that may be sent to you on behalf of financial aid.

Fall 2017 Mini-Mester Payment Deadlines

Part Term 22: August 16
Part Term 23: October 10
Payment in full is due or financial aid/military benefits must be secured by the deadline or your classes will be dropped.

Georgia Student Access Loan

The SAL (Student Access Loan) is a loan program though the state of Georgia and must be repaid. The loan has a fixed interest rate of 1%, a 5% or $50 origination fee, and a $10/month Keep in Touch Payment while enrolled in school. Students may borrow a minimum of $300 per semester or a maximum of $1,500/term, $3,000 per award year. Visit www.GAfutures.org to apply. Recipients are randomly selected on a first-come, first-serve basis.

Private Education Alternative Loans

Private Loans are used as a last resort to assist with educational expenses. Private loans require a credit check and often a co-signer. The interest rate, terms, and conditions can be significantly different depending on your credit rating and the lender you select.  Consider your options carefully before you apply for a loan. LOANS MUST BE REPAID!

Private Loan Lenders who have agreed to work with STC are listed on our website. To learn more about these programs visit our website at: www.savannahtech.edu/privateloans

Bookstore Charging

Available August 21 – September 2
You may charge your book purchases against secured excess financial aid for the term. Tuition and fees must be paid/authorized before books may be charged.

Financial Aid Refunds

If there are financial aid funds remaining after paying tuition, fees, and/or books, a refund will be issued approximately 4 weeks after the start of the term.

Refunds will be processed via paper check and mailed to the current mailing address on file. If you know your address has changed, be sure to update your address on your online Banner Self-Service account.

Dropping/Withdrawing from Classes

The fall deadline to drop a class without penalty, No Harm/No Foul period, is August 21-23, 2017. Keep in mind that if you receive financial aid for the term and choose to drop/withdraw from classes, it may have a negative impact on your financial aid. The results may cause you to lose some or all aid that you had been awarded and result in a balance due to the school. Be aware that it can also impact your future eligibility for financial aid.

Veterans, Active Military, Dependents & Spouses

You may be entitled to In-State Tuition Rate (check with the Admissions Office before term begins). All Veterans using benefits must notify the STC SCO when you register for classes, drop/add classes, or change program of study. Stop by the new Veteran Service Center at the Savannah Campus in room 7228. Get involved – Join the Student Veteran Organization. Learn more by visiting our website at: www.savannahtech.edu/military

Financial Aid Literacy

October 23 – November 13, 2017
Campaign week will include financial literacy sessions on how to Apply and Renew your 2018-19 FAFSA. Also how to navigate your Financial Aid Banner Student Access on the web.

Keep an eye on your STC student email for additional details of scheduled events.