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- With the exception of the federal Pell Grant, third-party sources authorizing such, and certain university stipend programs, no combination of scholarships and grants may exceed 100 percent of tuition. University-funded financial aid is only applicable to tuition charges for courses taken at Regent University. University-funded financial aid is not applicable to study abroad programs.
- Tuition is due and payable in full by the published deadline regardless of any pending financial aid (loans or grants). A Tuition Installment Plan (TIP) is available for a nominal fee. Contact the Business Office for more information. Failure to make payment by the established deadline will result in a late fee.
- To receive school-based awards, students must meet the eligibility criteria set out in the awarding school’s financial aid guide. If you need a copy of these guidelines, please contact your school(s) of enrollment.
- Many schools at Regent require annual resubmission of financial aid applications. Contact your individual school for more information.
- Any person who knowingly makes a false statement or a misrepresentation in his or her request for financial aid shall be subject to the provisions of Regent student discipline policies, the United States Code and/or the Code of the Commonwealth of Virginia, whichever is applicable.
- Federal student loans, Pell Grant and Virginia Tuition Assistance Grant Funds (VTAG) are conditional upon regulations/legislation in effect at the time of disbursement.
- All financial aid is to be used solely for expenses related to attendance at Regent University. Institutional scholarships will not be applied to charges related to non-Regent study abroad programs.
- Financial aid recipients who withdraw during a term, or reduce their academic load below the required minimum hours for the aid received, are subject to the provisions of the university refund policy and “Return of Title IV Funds Aid Policy” available from the Business Office. You must notify Student Financial Aid if you are enrolled, were enrolled or will be enrolled at another institution during the same award year as you are in attendance at Regent and you receive, or will receive, the Federal Pell Grant or Federal Stafford Loan (or Federal Direct Stafford Loan).
- You must be enrolled at least half-time as a regularly enrolled student in a degree-seeking program to be eligible for loans, Federal Pell Grants and most other aid available. Based on the policy defined by the University Academic Council, five hours are considered half-time for the fall and spring semesters for graduate students, three hours for doctoral students and six for undergraduate students. For the summer, three credits are considered half-time for graduate students. There are few exceptions to this definition (i.e., Ph.D. dissertation, etc.). Undergraduate students must enroll for at least six credit hours each semester (including the summer) to be considered a half-time student. Contact the Office of Advising for more information.
- If you receive additional aid (scholarships/grants) or other outside resources, your awards must be modified. Notify the Student Financial Aid of any additional resources not previously included that are available from other resources such as loans, scholarships, grants, Social Security benefits, veterans’ benefits, employer tuition payment plans and other educational assistance. Failure to do so before the first financial aid disbursement will result in a potentially significant lower subsequent disbursement. In some cases it may result in having to repay a portion of the aid received.
- Any student who receives financial aid funds, but does not attend any of the classes (or complete any distance coursework) for which the disbursement was made, is required to have the entire amount returned to the funding entity immediately. This is done by returning the payment received to Regent. Regent will, in turn, refund it to the funding entity on the student’s behalf. This may result in a balance due to the university.
- SATISFACTORY ACADEMIC PROGRESS
To qualify for aid processed through the Student Financial Aid Office, a student must be making Satisfactory Academic Progress (SAP) toward the completion of a degree program. If a student fails to meet the standards summarized below, the student will be placed on financial aid warning for the next semester of enrollment. During the financial aid warning semester, the student will be eligible to receive federal aid but must meet the standards by the end of that semester to have continued eligibility. A student will remain ineligible until the standards are met. If a student is declared ineligible, he or she may appeal to the school of enrollment for reinstatement. To be considered making SAP, a student must:- Complete at least 50 percent of all credits attempted
(67 percent for undergraduate) - Cumulative GPA of at least 3.00
(2.00 for law and undergraduate students; 2.50 for M.Div. students) - You must complete your degree within the following time frame:
- Graduate: five years
- Undergraduate: six years
- Doctoral (non-JD): seven years
Time is measured as of your first term of enrollment at that level, inclusive of periods of non-attendance. - Learn more about SAP and read the full policy.
- Complete at least 50 percent of all credits attempted
- FEDERAL PELL GRANT
The Federal Pell Grant is available only for those students in the undergraduate program. You must be admitted and enrolled as a regular degree-seeking student to be considered for eligibility. The grant is normally awarded for fall and spring semesters. If a student is not able to utilize the maximum annual Pell Grant amount in fall and spring, then a subsequent award may be made for the summer, if otherwise eligible. The grant is paid typically once per semester, after your attendance is confirmed in the second course (six credit hours) of the term. Your participation/attendance must be confirmed in all courses for which Pell Grant payment is based. If you add or drop courses during the term, your Pell Grant is subject to adjustment. You may not receive the Federal Pell Grant at more than one institution in a term.-
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