Financial Aid Terms & Conditions
2012 - 2013 Academic Year
- You must be classified as a degree-seeking student at Point Loma Nazarene University to be eligible for financial aid. Unclassified students, non-degree-seeking students and provisionally-admitted students are not eligible for financial aid. Additionally, you must be fully admitted to your program to be eligible for financial aid. Conditionally admitted graduate students may be eligible for aid but need to check with the Student Financial Services (SFS) office to determine if you are eligible and to find out what limitations may exist.
- You must be a U.S. citizen or eligible non-citizen to receive state or federal financial aid. Your financial assistance is awarded based on merit and/or calculated need as determined from the information provided on your FAFSA or admissions application. If you receive any financial assistance from an outside source (e.g., a private scholarship, employer reimbursement) that is not included on your Award Letter, you must inform Student Financial Services.
- All of the following could result in a revision to or cancellation of your financial aid award: Changes in financial, marital, enrollment or academic status; changes of academic program; change of residence (with parent to off campus); changes in laws, regulations, appropriations; or failure to comply with program guidelines and regulations.
- You must be enrolled at least half-time (3 credit hours for graduate students minimum per term) to be eligible for Federal and State aid, including Direct Loans. You must be enrolled in at least 6 units to be eligible for most types of institutional aid.
- If requested, you must provide documents to SFS in order to verify the accuracy of information reported on the FAFSA before financial aid can be awarded and/or disbursed.
- Students must re-file the FAFSA each year for the upcoming academic year.
- You will be responsible for repaying any funds you receive that exceed your financial need, or if for any reason, you become ineligible for the financial aid. If you drop classes, withdraw, or make other academic changes, your financial aid awards may be adjusted and repayment may be required. Please contact the SFS office prior to dropping or withdrawing from the university. It may impact your current or future aid eligibility.
- You must maintain Satisfactory Academic Progress (SAP) according to PLNU’s policy in order to remain eligible for Federal and State financial aid. The SAP financial aid policy is available here.
- You must notify the Office of Records if you withdraw from the University. If you stop attending classes without officially withdrawing, your financial aid awards may be adjusted and repayment may be required.
- PLNU reserves the right to release to the U.S. Department of Education and state agencies, scholarship donors, and college scholarship selection committees any information requested pertinent to your awards (i.e. enrollment status, address, GPA and financial need). However, the University believes the application for and the receipt of financial aid is a confidential matter; information will not be released (other than to these offices/ committees above) without the student’s written permission.
- Federal Direct and/or PLUS loan funds can be credited against your charges after you complete the online process at www.studentloans.gov, which includes loan entrance counseling and the Master Promissory Note (MPN). Funds will not be credited until these items have been received and continued eligibility has been verified.
- Financial aid is disbursed in one installment each semester, unless otherwise noted. Review your loan(s) on your student portal to see the amount scheduled for each term. Disbursements are made directly to your student account.