Financial Assistance

Applying for Summer Financial Assistance

At Delgado Community College, we want to provide you with the best financial assistance possible. In order to be considered for assistance for non-federal as well as federal funding sources, you must complete the FAFSA and submit any financial documents/forms requested.

How to apply:

1. Complete the 2012- 2013 Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov. Delgado’s school code is 004626.

2. Check the status of your application through LoLA and submit ALL required documents.

Submit completed forms to the Office of Student Financial Assistance. Please allow 21 days from the day you submit your last document for processing.
You must submit proof of high school graduation or college transcript to the Admissions Office before financial aid can be processed.
If tax transcripts are required, you must request them directly from the IRS by requesting them online at www.irs.gov (under Tools, choose Order a Tax Return Transcript), or by calling 1-800-908-9946 or visiting 1555 Poydras Street, New Orleans.
You must accept the Terms and Conditions before your award letter can be viewed.

3. Accept your award online.

Once your aid is processed, you will receive notification via your Delgado student e-mail address.
You must accept or decline each federal subsidized and unsubsidized loan, or no funding will disburse.

4. Disbursement

Disbursement of funding is necessary for school tuition and fees to be paid.
After tuition and fees are paid, if there is a remaining balance, those funds may be utilized in the bookstore
Students can check their account balance by logging in to LoLA.

5. Receive Refund

Refunds are funds paid to a student that is based on the credit balance remaining after tuition and fees and other applicable charges have been paid.
A negative balance indicates a refund has been applied
Refunds are distributed through Delgado Community College Dolphin One Card which is administered by Higher One.
For more information about your Higher One account, please visit dolphinonecard.higheroneaccount.com

Additional Information

Receiving information regarding financial assistance: The Office of Student Financial Assistance will communicate with students via email and it is the student’s responsibility to monitor Delgado email regularly as well as the email address that was provided when completing FAFSA. If students would prefer not to receive Financial Aid communications and award notifications via email, they must submit a request in writing to the Office of Student Financial Assistance.
Federal tax transcripts required: If you are required to submit your tax information, you must obtain a tax transcript from the Internal Revenue Service (IRS). Request a tax transcript by calling IRS at 1-800-908-9946 or visiting www.irs.gov. The Office of Student Financial Assistance is no longer allowed to accept copies of personal tax returns from students and/or parents.
Federal regulations require that student loans awarded for one semester (Fall, Spring, or Summer only) must be disbursed in two installments. Loan disbursements will be credited to student accounts at the beginning of the semester and at the mid-point of the semester.

Pell Lifetime Eligibility Limit

The amount of Federal Pell Grant funds you may receive over your lifetime is limited by a new federal law to be the equivalent of six years of Pell Grant funding. Because the maximum amount of Pell Grant funding you can receive each year is equal to 100 percent, the new regulations states that a student may receive up to 12 semesters or the six-year equivalent of 600 percent.

Whether you have used all of your Pell Grant eligibility or only a portion, please be conscious about the lifetime limit of the Pell Grant when changing majors and/or scheduling classes; the Pell Grant equivalent of 600 percent will be for your entire award history.

Can I see my lifetime Pell Grant used? YES! You may view your lifetime Pell Grant percentage used by simply logging into www.nslds.ed.gov. The information will include all Pell Grants received over your lifetime from any college, not just Delgado Community College. If you have not reached 600 percent of lifetime eligibility, you may have some Pell Grant eligibility remaining, if eligible.

To view your Pell Grant Lifetime Eligibility Used (LEU), you can log on using your Federal Student Aid PIN to National Student Loan Data System (NSLDS®) at www.nslds.ed.gov/nslds_SA/ to view your LEU. The LEU will be found on the Financial Aid Review page.

For additional information on the Pell Grant Program please visit http://studentaid.ed.gov/types/grants-scholarships/pell/calculate-eligibility.

Financial Assistance Deadlines

FAFSA priority deadline: March 30, 2013 - FAFSA must be processed by the federal government by this date.
FAFSA first document deadline: April 15, 2013 - All documents must be submitted by this date to be considered for an award letter and eligible for a bookstore credit.
FAFSA second document deadline: May 3, 2013 - All documents must be submitted by this date to be considered to secure classes, but will not provide a bookstore credit.
Loans — To apply for an educational loan to help pay the cost of attending school, you must have received a response to your FAFSA. The deadline to apply for a loan is June 24, 2013.
First financial aid appeal deadline: May 17, 2013 - Appeal and supporting documentation must be submitted by deadline in order to be reviewed in time to secure classes (no bookstore credit.)
Second financial aid appeal deadline: June 24, 2013 - Appeal and supporting documentation must be submitted by deadline in order to be considered. Students who miss the first appeal deadline must be prepared to pay the entire balance out of pocket, but can be reimbursed if Financial Aid appeal is approved and processed.

Satisfactory Progress

To be eligible to receive Federal Student Aid, you must maintain satisfactory academic progress as defined in the College Catalog for this academic year. You may also review the Satisfactory Academic Progress (SAP) Policy at www.dcc.edu/departments/financialaid/sap.

If you fail to meet the required standard, your eligibility for financial assistance might be suspended. In the event of exceptional mitigating circumstances, you may appeal your suspension of your eligibility to the Financial Aid Appeals Committee in writing. Appeal forms may be obtained online at www.dcc.edu/CurrentStudents/FinancialAid/Forms or in the Office of Student Financial Assistance.

First-time Borrowers

Federal regulations require that the College delay delivering the proceeds of educational loans to first-time borrowers until 30 days after the start of classes. Therefore, student loan funds for first-time borrowers will not be disbursed to their accounts before July 3, 2013.

In addition, all first-time borrowers must receive loan counseling before loan funds can be disbursed. Students must complete a Master Promissory Note and Entrance Loan Counseling at www.studentloans.gov.

Books

If you are eligible to receive a Pell Grant or student loan and have authorized aid, or your account has a credit balance (it will appear as a negative balance) after your tuition and fees have been paid, and you have authorized the College to use your Title IV funds to pay non-institutional charges, you may purchase books in the College contracted bookstore online at http://dcc.bncollege.com.

Refund Information

At the time financial assistance is disbursed, or credited to your student account, applicable outstanding charges will be deducted, and any excess credit balance will be refunded to you via your Delgado Dolphin One Card within 14 days after the credit balance appears on your student account. The Dolphin One Card will be mailed to your mailing address on file. Please verify your address at LoLA or at the Registrar’s Office at your respective Delgado location. Once you receive the card, please log on at http://dolphinonecard.com to select your refund preference (Direct Deposit or Higher One Fast Refund.)

Federal Financial Assistance Repayments

When a student completely withdraws from the College during an academic period for which he or she is the recipient of Title IV funds, the College is required to determine whether the Return of Title IV funds must be made according to statutory and regulatory requirements. The rules that govern the return of Title IV Funds assume that a student earns his or her assistance based upon the period of time that the student remained enrolled.

Explanation of terms:

Disbursements (disburse or disbursed) - payment of the loan funds to the borrower by the school. Students generally receive their federal student loan in two disbursements.
Earned - the percentage amount of Title IV aid that the student receives.
Unearned - the difference between Title IV aid that was disbursed or could have been disbursed for the payment period or period of enrollment and the amount of Title IV aid that was earned when a student withdrew.

During the first 60 percent of an enrollment period, a student “earns” Title IV funds in direct proportion to the length of time that he or she remains enrolled. The percentage of time during an academic period that a student remained enrolled is the percentage of dispersible assistance for that period that the student earned.

Assistance is “dispersed” if a student could have received it at the point of an academic period when the student withdraws from the College. Total dispersible assistance includes the amount of funding that was disbursed and that which could have been disbursed; however it was not, based on the student’s date of withdrawal. A student who remains enrolled at the College beyond the 60 percent point of an academic period is presumed to have earned all assistance for that period. Unearned Title IV funds, other than Federal Work Study, must be returned.

Unearned assistance is the amount of disbursed Title IV funds that exceed the amount of Title IV funds earned under statutory and regulatory guidelines. The responsibility to repay unearned Title IV funds is shared by the College and the student in proportion to the Title IV funds each is assumed to possess. The College will notify, in writing, a student who is required to repay and return unearned Title IV funds before the end of the enrollment period.