This is a process in which a student has been selected by the U.S. Department of Education or by Concordia University Wisconsin to verify the taxes and documentation they have submitted. The steps to completing this are mailed to your permanent household address on file and can also be found here. IMPORTANT: Your financial aid package cannot be completed until your verification paperwork is complete.
Terms & Conditions
As a recipient of student financial aid, you may be receiving funds from federal, state, institutional, or private agencies through financial assistance such as loans, grants, and scholarships. In receiving this financial assistance you are responsible for all of the terms and conditions regarding your award.
- 2016-2017 Flip Chart
- 2016-2017 Terms and Conditions of Financial Aid Awards
- 2017-2018 Flip Chart
- 2017-2018 Terms and Conditions of Financial Aid Awards
Good Standing and Satisfactory Progress Policy (SAP)
Applicable to all students, in all levels, and in all programs, even to students in periods they are not receiving federal aid. This federal requirement is meant to ensure that only those students who make good progress toward their degree or certificate objective continue to receive financial assistance.
Return of Title IV Funds
Federal regulations require Title IV financial aid funds to be awarded under the assumption that a student will attend the institution for the entire period in which federal assistance was awarded. When a student withdraws from courses for any reason, including medical withdrawals (even death), he/she may no longer be eligible for the full amount of Title IV funds that he/she was originally scheduled to receive. The return of funds is based upon the premise that students earn their financial aid in proportion to the amount of time in which they are enrolled. A pro-rated schedule is used to determine the amount of federal student aid funds he/she will have earned at the time of the withdrawal. Thus, a student who withdraws in the second week of classes has earned less of his/her financial aid than a student who withdraws in the seventh week. Once 60% of the semester is completed, a student is considered to have earned all of his/her financial aid and will not be required to return any funds.
Federal law requires schools to calculate how much federal financial aid a student has earned if that student does any of the following:
- completely withdraws
- stops attending before completing the semester
- does not complete all modules (courses which are not scheduled for the entire semester or payment period for which he/she has registered at the time those modules began.)
Based on this calculation, students who receive federal financial aid and do not complete their classes during a semester or term could be responsible for repaying a portion of the aid they received. Students who do not begin attendance must repay all financial aid disbursed for the term. You are encouraged to talk to your financial aid counselor prior to making a final decision.