Please Review the Following SAS Financial Aid Information
SAR (Student Aid Report): Results of your FAFSA
Within two weeks following the submittance of your FAFSA, you will receive a SAR. This report will detail the information from your application and state your EFC (Expected Family Contribution). The EFC is used to determine your federal student assistance eligibility. Montreat College will receive an electronic copy of the SAR at the same time.
Award Letter Information
You will receiv an award letter in the mail from Montreat College. This award will be disbursed twice per academic year. The school will use the award monies to pay tuition and fees. If there is a credit balance, the remainder of the funds should remain on the student's account to pay for additional courses. Student financial assistance will be paid directly to your student account. It is not recommended that you use funds from your account for non-school-related expenses.
Attendance Policy
Attached to your award letter will be the schedule of courses covered by the financial aid award. If you fail to attend class, you will risk changing or losing part or all of your financial aid.
Attendance is monitored for all students at Montreat College in order to determine their eligibility for Financial Aid. If a student remains absent for 29 days or more without the proper paperwork, the student must be withdrawn from the program. If a student is a Financial Aid recipient, an R2T4 will be done and federal and state funds may be returned.
Satisfactory Academic Progress (SAP) Policy
As a student, you must maintain Satisfactory Academic Progress (SAP) for each of your payment periods in order to remain eligible for Financial Aid. If you do not meet SAP, you will be put on a probationary period. If you do not meet SAP at the end of the probationary period, you will lose all Financial Aid. Financial Aid Academic Probation is different than the Registrar’s Academic Probation.
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