Financial Aid

Updated Fall 2013

Financing a college education is one of the major concerns for students and parents. The Student Financial Services Office at Milligan College assists families in completing the necessary steps to apply for financial aid. Financial assistance is available to eligible students in the form of federal, state, and institutional aid. Milligan College offers scholarships, grants, loans, and work-study programs.

Any student accepted for admission to Milligan College is eligible to request financial assistance.  The types of federal, state, and institutional aid available and how to apply are discussed over the next few pages.

General Requirements for Title IV Financial Aid

No student may receive Title IV federal financial aid as assistance beyond twelve semesters of attendance. First-time Pell Grant recipients, on or after July 1, 2008, may be eligible to receive Pell Grants for up to twelve semesters. Title IV Federal Aid (excluding Federal Work-Study) will generally be disbursed and credited to the student account as follows:

Earnings from the Federal Work-Study and Milligan College Work-Study programs are paid directly to the student on a semi-monthly basis and will not be credited to the student’s account.

Definition of Terms

Grants
Financial assistance that does not have to be repaid. Eligibility is determined by the student’s financial need.

Loans
Low interest government-subsidized and unsubsidized loans to be repaid after the student leaves school.

Scholarships
Financial awards funded by the college for full-time undergraduate students.

Employment
On-campus jobs to give students an opportunity to earn money while in college. The maximum amount a student may earn (award amount) depends on financial need and the amount of funding the college has for the program. The Student Financial Services Office determines monetary awards. The Personnel Director assigns positions. Wages are paid semi-monthly based on hours worked at the federal minimum wage rate.

Census Date
The Registrar develops academic calendars for the academic programs. The census date is the 14th calendar day of the fall and spring semesters; census date for summer and interterms is prorated based on the procedure used for the fall and spring semesters.

Milligan College Programs

Available Assistance

Award Criteria

Amounts Available

Honors Scholarships

Milligan’s most prestigious merit-based scholarships. To be eligible for these scholarships, applicants must be admitted to the college by November 1. Late applicants will be considered if funds are still available.

Award amounts range from $11,000 to $23,000 annually.

Academic Scholarships

Awards are based on the applicant’s ACT/SAT and high school grade point average or previous college GPA (transfer applicants).

Award amounts range from $3,750 to $15,000 annually.

Milligan College Grants

Need-based and determined primarily from financial need. Awards made on the basis of criteria established by the college administration.

Up to $3,000 annually.

Fine Arts Scholarships

Based on the applicant’s ability in theatre or art and the discretion of the respective faculty representative.

Award amounts vary.

Music Scholarship

Based on the applicant’s ability in music and the discretion of the respective faculty representative.

Award amounts vary.

Area Outstanding Student Scholarships

Upperclassmen in each academic area. Based on student’s overall GPA and individual promise in designated major.

Award amounts vary. These are one-year awards.

Athletic Scholarships

Minimum requirements: Accepted for admission and selected by coach. Scholarships available for Basketball, Baseball, Softball, Volleyball, Tennis, Cross-Country, Track and Field, Golf, Soccer, Swimming, Cheerleading, Dance, and Cycling.

Award amounts vary based on the sport and the student’s athletic ability.

Betty Goah Scholarship 

Must be U.S. citizen or permanent U.S. resident. Must have a 3.0 overall GPA or a minimum 21 ACT (980 SAT).  Must file FAFSA annually.  Restrictions may apply to off campus study.

Scholarship provides tuition-remission for new students.  Students are responsible for paying for room, board, fees, and books.

National Bible Bowl Tournament Scholarship

Any member of the first or second place Bible Bowl Team at the North American Christian Convention. Also awards to the top 20 scorers on the Individual Achievement Test. Must maintain 2.5 GPA.

Award amounts vary.

Milligan College Work-Study Employment

Full-time (12 credit hours) undergraduate students who desire work and meet eligibility requirements.

From $1,015 to $2,030 annually.

Institute for Servant Leadership Scholarships

The purpose of the Institute for Servant Leadership Scholarship is to prepare a new generation of leaders for the church and society. The ISL Scholarship program is designed to help students discern their own individual calling through faith, service and leadership. Specific scholarship requirements include 15 hours of community service per semester, support of ISL programming, completion of the Introduction to Leadership class, and a written reflection each semester. Please see your admissions counselor to be considered for the ISL scholarship.

Awards vary annually.

Tuition Exchange Scholarships through CCCU, Tuition Exchange Inc., or the Christian Churches and Churches of Christ (participating institutions)

Parent or Guardian must be a full-time employee of an eligible institution.  A limited number of students are selected each semester, that number to be determined on a semester-by-semester basis by Milligan College.  Must maintain a 2.0 GPA.  Please see individual program guidelines and contact the Office of Academic Affairs for additional eligibility requirements and restrictions, which may vary by program.

Scholarship provides tuition remission for students.  Students are responsible for paying for room, board, fees, and books. 


Title IV Federal Financial Aid Satisfactory Academic Progress Policy

Students must demonstrate their ability to perform satisfactorily both by grade point average (qualitative) and by hours attempted/completed (quantitative). Milligan College will use the following standards to determine satisfactory progress of all students in relation to Title IV funding. Grade point average (GPA) and hours completed will be reviewed at the end of each semester (including summer).

Qualitative Standards (Undergraduate & Graduate)

Class Level

Satisfactory cumulative GPA

End of freshman year

1.6

All undergraduate students after 2 years of enrollment

2.0

All graduate students

Must maintain 3.0

Students will receive a warning letter at the end of a semester when their cumulative GPA and/or hours completed do not meet the quantitative or qualitative standards and will continue to receive federal financial aid for the following semester. The warning letter will indicate that the student must be making satisfactory academic progress at the end of the following semester in order to continue to receive federal financial aid.

Students who have an unacceptable cumulative GPA, but have shown a substantial improvement during the semester by attaining a 2.0 will continue to receive aid on a semester to semester basis.

Undergraduate Quantitative Standards

Enrollment of

Minimum hrs satisfactorily completed

12 hrs or more (full-time)

9 hrs freshman and sophomore
12 hrs junior and senior

¾ time—9, 10, or 11 hrs

9 hrs

½ time—6, 7, or 8 hrs

6 hrs

 

Graduate Quantitative Standards

Enrollment of

Minimum hrs satisfactorily completed

9 hrs or more (full-time)

9 hrs

¾ time—6¾, 7, or 8 hrs

6¾ hrs

½ time—4½ , 5, or 6 hrs

4½ hrs

Students who have not met the qualitative or quantitative standards and/or shown substantial improvement during the semester by attaining a 2.0 semester GPA will be granted a one semester warning period. If at the end of the warning period, qualitative or quantitative standards are not met and/or the semester GPA is less than a 2.0, all federal financial aid eligibility will be lost. Students who have lost federal financial aid eligibility will be mailed a letter informing them that they have lost federal financial aid for the next semester which includes the information for appeals regarding this decision (see Appeals section for additional information).

Courses repeated to raise an F do count toward satisfactory progress for the semester that the course is repeated.

Transfer Hours
Only transfer hours accepted by Milligan College will be counted toward the qualitative standard and quantitative standard/pace for the student.

Although a student must pass the stated hours to retain aid, class progression is also important. Therefore, a student will have 3 semesters to change from one class level to the next. A student must complete his or her educational program within a timeframe no longer than 150% of the published length of the education program; as measured by credits attempted including transfer credits. For example, a student must complete his or her program after attempting 192 credits for a 128 credit hour program or will be allowed 12 semesters until graduation.

Appeals

Should extenuating circumstances prevent the student from passing the minimum number of classes, an appeal can be submitted, in writing, to the Student Financial Services Office. Some examples of acceptable reasons are as follows:

  1. Serious illness or accident, preventing the student from attending a significant number of classes
  2. Death or serious illness in the student’s immediate family, preventing attendance of a significant number of classes
  3. Change of major where credits were not transferable

Appeals must be submitted within three weeks after grades have been made available for the preceding semester. The appeal must include why the student failed to make satisfactory academic progress and how the student feels that they will make satisfactory academic progress at the end of the following semester. A student may be placed on financial aid probation for one semester after an appeal is approved. After the financial aid probation, the student must be making appropriate satisfactory academic progress or must be successfully following an academic plan which will be established by the Director of Student Success and/or the Registrar’s Office. The Student Financial Services Office will notify the student about the results of the appeal review and if the student’s eligibility for Title IV aid has been reinstated.

Any student who has been academically dismissed will be granted one probationary period where they can receive Title IV aid. Should a student be dismissed again for academic reasons, the student will have to demonstrate satisfactory progress for a semester, upon subsequent readmission, before receiving financial aid.

Students may enroll during summer sessions to attain satisfactory progress. It is the student’s responsibility to see that the Student Financial Services Office is aware of changes.

Scholarship Guidelines, Milligan College

Each of the honors scholarship recipients must comply with the following guidelines:

Minimum Requirements to Retain Honors Scholarships
(Oosting and Jeanes)

Minimum requirements to Retain Honors Scholarships
(Hopwood, Todd Beamer Scholarship for Christian Leadership, and Bobrow Scholarship)

Minimum Requirements to Retain Academic Scholarships
(Presidential, Academic Dean, Transfer)

Minimum Requirements to Retain Music and Fine Arts Scholarships
(renewal for up to four years)

Minimum Requirements to Retain Athletic Scholarships

Minimum Requirements to Retain Goah Scholarship

Scholarship/Grant Policies, Milligan College

Appeals Process for Renewal of College Study Grant or Founders Scholarship

Policy of Transfer Credits Counting toward Cumulative GPA

Students entering Milligan College will not have transfer grades applied to their cumulative GPA. Therefore, for scholarship purposes, grades for transfer work (including summer courses taken at other colleges) will not count toward the cumulative GPA. Students who wish to improve their cumulative GPA over the summer in order to have scholarships reinstated must take summer classes at Milligan College.

State Programs

Available Assistance

 Award Criteria

Amounts Available

State Grant (TN*) Tennessee resident, U. S. citizen, Undergraduate students pursuing their first degree and enrolled at least half-time at an eligible Tennessee postsecondary institution.  Award based on financial need as determined by the FAFSA.  $4,000 per year 
Tennessee Teaching Scholars Loan Forgiveness Program Tennessee resident, US citizen. Applicant cannot be a licensed teacher or receive the scholarship while employed in a teaching position. College juniors, seniors, and post-baccalaureate students admitted to a teacher education program at an eligible Tennessee postsecondary institution. Undergraduate students must be enrolled full-time, graduate students at least half-time. Application deadline April 15. Up to $4,500 with a maximum of 4 years eligibility.  Loan forgiveness has an employment obligation or it becomes a loan.  Information about this program is available at www.TN.gov/CollegePays.
Tennessee Math and Science Teacher Loan Forgiveness Program Tenured Tennessee public school teacher seeking certification or advanced degree in math or science; Tennessee resident one year prior to application deadline. Up to $2,000 per academic year with maximum not to exceed $10,000.  Loan forgiveness has an employment obligation or it becomes a loan.  Information about this program is available at www.TN.gov/CollegePays.
Ned McWherter Scholars Program Tennessee resident and U.S. citizen who is an entering freshman with a 3.5 high school GPA and a 29  ACT or 1280 SAT (Math and Critical Reading only). Up to $6,000 per year for a maximum of four years at an eligible Tennessee postsecondary institution.
Application deadline February 15.
Minority Teaching Fellows Program Minority Tennessee resident and U.S. citizen who is an entering freshman with a 2.75 high school GPA and at least 18 ACT or 860 SAT (Math and Critical Reading only). Up to $5,000 per year; maximum of four years undergraduate eligibility at a Tennessee postsecondary institution. Loan forgiveness has an employment obligation or it becomes a loan.
Continuing college student with a college GPA of 2.5.
Application deadline April 15.
Christa McAuliffe Scholarship Tennessee resident and U.S. citizen who has completed the first semester of their junior year. Students must be enrolled full-time and admitted to a teacher education program at an eligible Tennessee postsecondary institution and must have a 3.5 cumulative GPA and an ACT or SAT score that meets or exceeds the national norm. Award amount based on funding but may not exceed $500. This is a one-time scholarship.
Application deadline April 1.
Dependent Children’s Scholarship Tennessee resident and U.S. Citizen of dependent children of law enforcement officers, firemen, or emergency medical technicians who were killed or permanently disabled in the line of duty while employed in Tennessee. Must be enrolled full time as an undergraduate student at an eligible Tennessee postsecondary institution. Award amount based on state funding and student’s direct cost; coordinated with other aid; renewable for four undergraduate years.
Application deadline July 15.

*For additional information regarding available financial aid provided by Tennessee, contact Tennessee Student Assistance Corporation at 800.342.1663 or www.TN.gov/CollegePays.


Tennessee Education Lottery Scholarship Programs

Available Assistance

Award Criteria

Amounts Available

Tennessee HOPE Scholarship Tennessee resident one year prior to application deadline.  Must be enrolled in at least 6 hours in a HOPE-eligible postsecondary institution within 16 months of graduation from an eligible high school, homeschool, or GED program. Minimum 21 ACT (composite)/980 SAT (Math + Critical Reading Only) on a national or state test date or  3.0 final weighted GPA for entering freshmen.  GED students must have the minimum ACT/SAT test scores stated above and 525 on the GED test.  Homeschool students must have the minimum ACT/SAT test scores stated above AND must have been enrolled in the school for at least 2 years immediately preceding completion. For first time Hope recipients in Fall 2009 or thereafter: Up to $6,000 per year at an eligible four-year TN postsecondary institution. Award is divided equally between summer, fall and spring semesters.  Scholarship is terminated after earning baccalaureate degree or student has attempted 120 semester hours or  5 years have passed from date of initial enrollment at any postsecondary institution – whichever occurs first. Students enrolled in a program of study greater than 120 hours may receive the award for up to 136 attempted semester hours or number of hours to earn degree, whichever is less. 
Renewal criteria: For first time Hope recipients prior to  Fall 2009:
Minimum 2.75 cumulative GPA after 24 and 48 attempted hours.  At 72 attempted hours and thereafter, students must maintain at least a 3.0 cumulative GPA or if the cumulative GPA is between 2.75-2.99 and semester GPA of 3.0, then the student must be enrolled full-time for each semester except for Summer and will have their eligibility checked at the end of each semester of continuous enrollment. Students must maintain satisfactory academic progress AND continuous enrollment at an eligible Tennessee postsecondary institution.  Awards to part-time students are prorated. Up to $4,000 per year at an eligible four-year TN postsecondary institution. Scholarship is terminated after earning baccalaureate degree or 5 years have passed from date of initial enrollment at any postsecondary institution – whichever occurs first.  Students are not eligible to use the Hope scholarship for summer semester.
General Assembly Must be HOPE eligible. Minimum weighted 3.75 GPA and 29 ACT (1280 SAT Math and Critical Reading only). Home school students must have the minimum ACT/SAT scores stated above AND complete 12 college credit hours (at least 4 courses, excluding P.E.) with a minimum 3.0 GPA  at a Tennessee college or university while they are enrolled in a home school program. Renewal criteria: Same as Tennessee HOPE Scholarship. For first time Hope recipients in Fall 2009 or thereafter:
Merit Scholarship Awards to part-time students are prorated.  $1,500 supplement to the HOPE Scholarship.  Award is divided equally between summer, fall and spring semesters.  
    For first time Hope recipients prior to  Fall 2009:
    $1,000 supplement to the HOPE Scholarship. Students are not eligible to use GAMS for the summer semester. 
Aspire Award Must meet HOPE Scholarship requirements and parents’ or independent student’s and spouse’s adjusted gross income must be $36,000 or less on the IRS tax form. Renewal criteria: Same as Tennessee HOPE Scholarship. Student may receive either Aspire Award or General Assembly Merit Scholarship (GAMS) but not both.  Awards to part-time students are prorated. For first time Hope recipients in Fall 2009 or thereafter:  Up to $2,250 supplement to the HOPE Scholarship. Award is divided equally between summer, fall and spring semesters.   
For first time Hope recipients prior to  Fall 2009:  
$1,500 supplement to the Hope scholarship.
Students are not eligible to use Aspire for the summer semester.
Tennessee HOPE Tennessee resident for 1 year prior to application deadline. For first time Hope recipients in Fall 2009 or thereafter:  Up to $4,125 for the first 24 hours attempted at an eligible four-year TN postsecondary institution.
Access Grant Must be admitted to and enrolled in at least 6 hours in a HOPE-eligible postsecondary institution within 16 months of graduation from an eligible high school. For first time Hope recipients prior to Fall 2009: 
  Minimum weighted 2.75 GPA and 18 ACT (860 SAT Math and Critical Reading). Parents’ or independent student’s and spouse’s adjusted gross income of $36,000 or less. May be eligible for Tennessee HOPE Scholarship in the second year by meeting HOPE Scholarship renewal criteria.  Awards to part-time students are prorated.  Terminating events are same as Hope Scholarship. Up to $2,750 for the first 24 hours attempted at an eligible four-year TN postsecondary institution.
Tennessee HOPE Scholarship for Nontraditional Students Tennessee resident one year prior to application deadline.  Minimum 25 years of age AND student’s (and spouse’s) adjusted gross income must be $36,000 or less AND must be an entering freshman OR have not been enrolled in a postsecondary institution for at least two years.  Students must “earn their way” into the HOPE scholarship program by attempting 12 semester hours without the Hope scholarship and achieve a minimum 2.75 GPA at a HOPE-eligible postsecondary institution.  Renewal criteria:  Same as HOPE scholarship beginning with 12 attempted hours AND $36,000 or less adjusted gross income on IRS tax form.  Ineligible for the Aspire Award and GAMS. For first time Hope recipients in Fall 2009 or thereafter:  Same award amounts as HOPE scholarship.
Scholarship is terminated after earning baccalaureate degree OR five years have passed since date of initial enrollment OR student has attempted 120 semester hours –whichever occurs first -  five year and semester hour limitations will be based on the sum of years or total semester hours attempted while receiving the HOPE scholarship or the HOPE scholarship for nontraditional students.  
For first time Hope recipients prior to Fall 2009:  Same award amount as HOPE scholarship.  Scholarship will terminate after earning baccalaureate degree:   the sum of the number of years during which the student has received a HOPE scholarship for non-traditional students and a HOPE scholarship equals 5 years OR 5 years have passed since the student enrolled at an eligible TN postsecondary institution as a non-traditional student, whichever occurs first.
 

Please visit the Student Financial Services Office prior to any change in enrollment status.

Application Process for the Tennessee Education Lottery Scholarship Programs

Complete Free Application for Federal Student Aid (FAFSA) after January 1 at www.FAFSA.gov. Early application is recommended. To renew award, complete renewal FAFSA.

*For additional or the most current information specific to the Tennessee Education Lottery Scholarship Program(s), contact Tennessee Student Assistance Corporation at 800.342.1663 or www.TN.gov/CollegePays OR contact the Milligan College Student Financial Services Office at 800.447.4880.

*For additional information specific to the renewal criteria and/or the appeal process, particularly due to loss of the Tennessee Education Lottery Scholarship(s), based on renewal criteria, contact the Student Financial Services Office at 800.447.4880.


Federal Programs

Available Assistance Award Criteria Amounts Available
*Federal Pell Grant Based on results of information submitted on the Free Application for Federal Student Aid (FAFSA) and Federal Methodology. Need based federal grant. Awards range from $605 to $5,645.
Federal Supplemental Education Opportunity Grant (FSEOG) Students must have exceptional financial need. Priority given to Pell Grant recipients. Need based federal grant. Awards based on federal funding level.  Generally range from $250 to $1,000 annually
Federal Work Study Undergraduate students who are enrolled at least half-time who desire work and meet the eligibility requirements. From $1,015 to $2,030  annually.
Federal Perkins Loan Low interest (5%) loan for students with exceptional need. Repayment beginning 9 months after ceasing to be enrolled at least half-time. Awards based on federal funding level.  Generally range from $500 to $2,000 annually
Federal Direct Stafford Student Loan Programs  Must indicate on your award letter your intent to borrow Combined Annual Loan Limits for Subsidized and Unsubsidized Loans
  $5,500–Dependent 1st Yr. Students
Subsidized and Unsubsidized Must complete a Master Promissory Note (MPN) and Entrance Loan Counseling $9,500–Independent 1st Yr. Students
  $6,500–Dependent 2nd Yr. Students
Subsidized—Need based, U.S. Dept. of Education pays interest while student is in college.  $10,500–Independent 2nd Yr. Students
Unsubsidized—Available to all students, not need-based. Interest accrues while student is in college. $7,500–Other Dependent Undergraduates
  $12,500–Other Independent Undergraduates
$20,500–Graduate or Professional Students
Federal Direct Parent PLUS Loan for Undergraduate Students or Direct PLUS Loan for Graduate Students  Low cost parent and graduate student  loan program, not need-based. Minimum monthly payment $50. Repayment begins within 60 days after loan is disbursed. Must complete a Master Promissory Note (MPN) and new Graduate PLUS Loan borrowers must complete Entrance Loan Counseling. Cost - Financial Aid = Annual Eligibility
Teacher Education Assistance for College and Higher Education (TEACH) GRANT Federal grant for undergraduate, post-baccalaureate and/or graduate students. Award amount to be determined for 2013-14.
Student must be Title IV eligible with a 3.25 GPA who is completing or plans to complete coursework necessary to begin a career in teaching. 
Student must teach in Title I school in specified areas (bilingual education and English language acquisition, foreign language, mathematics, reading specialist, science, special education, or other high-need field approved by the Secretary).
A TEACH Grant recipient must annually sign an Agreement to Serve which obligates the recipient to serve as a full-time teacher in a high-need field in a public or private elementary or secondary school that serves low-income students for at least 4 years within 8 calendar years of completing the program of study for which the TEACH Grant was received.
IMPORTANT: If the TEACH Grant recipient fails to complete this service obligation, all amounts of TEACH Grants received will be converted to a Direct Unsubsidized Stafford Loan. You must then repay this loan to the U.S. Department of Education. You will be charged interest from the date the grant(s) was disbursed.

 

*The college will recalculate a Federal Pell Grant award for any student who changes his or her enrollment status through the last date to “add/drop” courses during a semester. The award amount may increase or decrease, based on the enrollment status change. This policy is applied consistently to all students.

Other Programs

Alternative Loan Programs – educational loans borrowed by students to supplement federal/institutional financing. Contact the Student Financial Services Office at www.milligan.edu/sfs or at 800.447.4880 for information.

Financial Aid Programs for Eligible Graduate Students
(M.B.A., M.Ed.., M.S.O.T., and M.S.C.)

Refer to the description of federal programs in the Financial Aid section of the catalog for award criteria and amounts available.

Disbursements of Financial Aid

Financial Aid Application Process

The process of applying for federal and state financial aid programs and certain institutional aid is as follows:

  1. Complete a Free Application for Federal Student Aid (FAFSA) and submit it to the federal processor (electronic version: www.fafsa.gov).

    1. Be sure to include Milligan’s code (003511) on the FAFSA.

    2. For a Tennessee Student Assistance Award, students should complete the FAFSA as soon as possible after January 1.  Awards are made until funds are depleted.

    3. The FAFSA is also your application for the Tennessee Education Lottery Scholarship (TELS/HOPE Program). The deadline for application may vary each year due to the availability of funds.

  2. Milligan College Financial Aid/Scholarship Renewal Application:

    1. Incoming students are not required to complete this application. An admission application must be completed, and students must receive acceptance into the college.

    2. Returning students must complete this application to renew their initial academic/athletic scholarship and/or Milligan College Grant award.

    3. Non-traditional students (Adult Degree Completion Program, Computer Information Systems – Mobile, Master of Business Administration, Master of Education, Master of Science in Counseling, Master of Science in Occupational Therapy) must complete the Milligan College Financial Aid/Scholarship Renewal Application for Non-Traditional Students.

  3. To accept Federal Financial Aid, students must sign and return their award letter.

  4. To accept a Federal Direct Stafford Loan or Federal Perkins Loan, students must indicate their intent to borrow on their award letter. Before loans will be processed, students must sign a Master Promissory Note (MPN), complete entrance loan counseling, and be pre-registered. More information may be obtained from the Student Financial Services Office or online at www.milligan.edu/sfs.

  5. Parents or graduate students wishing to apply for the Federal Direct PLUS Loan should contact the Student Financial Services Office so loan eligibility can be determined. After PLUS loan eligibility has been determined, parent borrowers or graduate students are required to complete Milligan College’s PLUS Loan Request Form and the PLUS Loan Master Promissory Note (MPN). Parents or graduate students may complete the MPN online at www.milligan.edu/sfs or request a paper MPN by calling the Student Financial Services Office.  New Graduate PLUS Loan borrowers must complete entrance loan counseling.

  6. Quickly respond to any other document requests you receive from the Student Financial Services Office.

  7. If you feel that a mistake has been made regarding your financial aid or student account information, please contact Student Financial Services Office.

Financial Aid Calendar

It is important to meet the priority deadlines and to respond quickly to requests from the Student Financial Services Office for additional documentation. Some awards are issued on a first-come, first-served basis.

February 15 – Priority deadline for completing the FAFSA online at www.fafsa.gov

March 1 – Priority deadline for having your financial aid file complete (FAFSA filed and requested
documents submitted)

Student Rights and Responsibilities

As recipients of federal student aid (as opposed to state, institutional, or private aid), students have certain rights and responsibilities. Being aware of these rights and responsibilities enables students to make informed decisions about their educational goals and the best means of achieving them.

Student Rights

All students have the right to know:

  1. The cost of attending a particular school and the school’s policy on refunds to students who withdraw (Milligan College Catalog, Student Financial Services website, and Award Letter Instruction Booklet).

  2. The forms of available financial assistance, including information on all federal, state, local, private, and institutional financial aid programs (Milligan College Catalog; Student Financial Services website; Award Letter Instruction Booklet).

  3. The identity of the school’s financial aid personnel, their location, and how to contact them for information (Milligan College Student Handbook and Student Financial Services website).

  4. The procedures and deadlines for submitting applications for each available financial aid program (Milligan College Catalog and Student Financial Services website).

  5. The methods through which the school determines financial need. This process includes methods of determining costs for tuition and fees, room and board, travel, books and supplies, and personal and miscellaneous expenses. It also includes the resources considered in calculating need (such as other outside scholarships.) (Milligan College Catalog, Award Letter Instruction Booklet or Student Financial Services Website link to www.studentaid.ed.gov/pubs).

  6. How and when the student receives financial aid (Student Financial Services website).

  7. An explanation of each type and amount of assistance in the financial aid package (Award Letter, Award Letter Instruction Booklet, Milligan College Catalog, and Student Financial Services website).

  8. The interest rate on any student loan, the total amount that must be repaid, the acceptable time frame for repayment, and any applicable cancellation or deferment (postponement) provisions (Student Financial Services and Department of Education websites).

  9. Work Study Guidelines if a federal work-study job is assigned (nature of job, required hours, pay rate, and method of payment).  This information is available in the Work Study Guidelines brochure and the Work Study Contract.

  10. The school’s policy in reconsidering your aid package if you believe a mistake has been made, or if your enrollment or financial circumstances have changed (Milligan College Catalog).

  11. The manner in which the school determines satisfactory academic progress according to guidelines for receiving Federal Title IV financial assistance and the school’s policies for addressing unsatisfactory academic performance. The Title IV Satisfactory Progress Policy is stated in this catalog or is available in the Student Financial Services Office.

Student Responsibilities

All students must:

  1. Complete the Free Application For Federal Student Aid (FAFSA) if applying for federal and/or state financial aid and either the Milligan College Admissions Application or the Milligan College Financial Aid/Scholarship Renewal Application and submit them on time. Errors can delay or prevent the awarding of aid.

  2. Know and comply with all deadlines for applying or re-applying for aid.

  3. Provide all documentation, corrections, and/or new information to the Student Financial Services Office.

  4. Notify the Student Financial Services Office of any information that has changed since the original application was completed.

  5. Read, understand, and keep copies of all financial aid forms signed.

  6. Repay any student loans. Signing a promissory note indicates agreement to repay the loan.

  7. Complete both an entrance and exit interview if awarded a Federal Perkins Loan, Federal Direct Subsidized Stafford Loan, Federal Direct Unsubsidized Stafford Loan or Graduate Direct PLUS Loan for new Graduate PLUS Loan borrowers.

  8. Notify the Student Financial Services Office and the Department of Education of any change in name, address, or enrollment status (the number of credits in which a student is enrolled during any given semester)

  9. Demonstrate satisfactory performance in any assigned Federal Work-Study job.

For more financial aid information, contact:

Milligan College Student Financial Services Office
P. O. Box 250
Milligan College, TN 37682
800.447.4880 • 423.461.8949 • www.milligan.edu/SFS