The Financial Aid office administers financial assistance programs to benefit eligible students and families who are unable to afford the cost of a college education. Not all financial aid policies and procedures are listed in this catalog. Visit austincc.edu/students/financial-aid for additional information, including how to apply, how to receive your funds, and rights and responsibilities.
Financial aid comes in four types:
These types may be combined in a financial aid package to help pay for educational expenses. Generally, scholarships and grants do not have to be repaid.
ACC complies with all state and federal regulations governing student financial aid programs. These policies can change unexpectedly in response to legislative action or U.S. Department of Education interpretation. In the event of changes after this catalog is published, the Financial Aid office will comply with the most current regulations and interpretations.
To qualify for financial aid, you must:
Some factors limit financial aid:
Because some types of funds are limited, we recommend you submit your financial aid application (FAFSA) by the priority deadline. Students who submit their application after the priority deadline are still eligible for financial aid but may need to pay their tuition before the payment due date.
|Priority Deadlines for Financial Aid|
You must check your ACC email and/or ACC’s Self-Service Financial Aid site for important deadlines.
You may be required to repay financial aid if you drop or withdraw from your classes. Check with the financial aid office at any campus to determine your requirement for repayment.
If the withdrawal occurs before the first day of classes, you must repay all your financial aid.
If the withdrawal occurs on or after the first day of classes, the Financial Aid Office uses a federal formula to determine the amount of financial aid you must repay.
Within 45 days of the date you withdraw, you must repay the funds to ACC, which will return those funds to the federal aid programs from which they came.
If you withdraw from all classes during a semester or session, the date you withdraw is your official withdrawal date unless documented otherwise. The official withdrawal date is used to determine if you may need to repay financial aid.
Under federal regulations, students who make unsatisfactory grades in all classes for a semester are considered an unofficial withdrawal unless they engaged in some academic activity beyond the 60 percent point of the semester. At ACC, unsatisfactory grades are F and I (Incomplete).
For any student for whom the last date of academic activity cannot be documented as occurring on or after the 60 percent point of semester, the withdrawal date will be considered the mid-point of the semester unless documented otherwise.
Any student who is considered an unofficial withdrawal and who has a required repayment will be responsible to repay those funds before receiving additional federal financial aid at ACC or any other institution.
Federal regulations require students who receive financial aid to meet a set of standards identified for Financial Aid Satisfactory Academic Progress.
Determine Your Academic Progress
Your Satisfactory Academic Progress status is determined when you apply for financial aid. It is based on all previous academic history. Once you receive aid, your academic progress is evaluated at the end of every semester.
It is your responsibility to monitor your academic progress and meet with an advisor or counselor before you encounter difficulties that threaten your financial aid eligibility. The ACC website provides online GPA calculators and course tion calculators to keep track of your academic progress.
|Make Satisfactory Academic Progress — Meet All Three standards to be Eligible for Financial Aid|
|Grade Point Average||Maintain a cumulative 2.0 or higher GPA for ACC classes (see below for included classes).|
|Course Completion||Successfully complete 67% of attempted credits.|
|Degree Progress||Demonstrate progress toward finishing your declared degree or certificate within a 150% maximum time frame. For example, if you seek an associate degree requiring 60 credits, complete the degree within 90 attempted credits.|
|Good Standing||Student is meeting academic standards or has no academic history.||Fully eligible for financial aid.|
|Financial Aid Warning||Student did not meet standards for cumulative GPA and/or 67% completion rate.||Eligible for financial aid but must reach all standards by the end of the next semester to maintain eligibility.|
|Financial Aid Suspension||Student is not meeting cumulative GPA and/or 67% completion rate and is not eligible for the Warning status.||Ineligible for financial aid.|
|Maximum Time Frame Suspension||According to the major on file, the student has attempted too many credit hours to be eligible for aid. Also applies to students who cannot graduate before attempting the max hours. Students with a bachelor's degree are over the max time frame as well and must submit an appeal.||Ineligible for financial aid.|
Classes Used in Progress Calculations
Use these course guidelines when calculating your Financial Aid Satisfactory Academic Progress.
Grade Point Average (GPA) — Courses Included:
DO NOT include:
Completion Rate — Courses Included:
Note: Transfer classes are not calculated in the completion rate but do count in maximum time frame
Re-establish Your Eligibility
You can re-establish your financial aid eligibility by raising your GPA and completion rate to the minimum standards. Once you meet the standards, contact the Financial Aid office to request that your eligibility be reinstated. We encourage you to see an ACC advisor or counselor to develop a plan that will help you regain your aid eligibility. You also can discuss any unusual circumstances you may have with the counselor.
You can appeal to the Financial Aid office if you are over the maximum time frame and meeting the GPA and completion rate requirements.