DCB catalog 2022-24

General Information 25 5. Unsubsidized Federal Stafford Loan The Unsubsidized Stafford Loan is a non-need-based loan program. Students who may not be eligible for any or all of the Subsidized Stafford Loan Program may be offered a loan through the Unsubsidized Loan Program. Interest will not be deferred while the student is attending college; therefore, the student must pay the interest while attending college. 6. North Dakota Student Financial Assistance Program (State Grant) The program provides grants to undergraduate students. To be eligible, the student must be a resident of North Dakota, a high school graduate, or hold the Graduate Equivalency Diploma (GED), and be able to meet all requirements for admission as a student of an eligible institution. The FAFSA serves as the application for the program. Aid Programs Requiring Additional Applications: 1. Federal Parent Loan for Undergraduate Students (FPLUS) Parents may be able to borrow low-interest educational monies for their children to attend college. Repayment begins 60 days following the disbursement. 2. Alternative Loan If the amount of financial aid offered is not enough to cover educational expenses, alternative loans are available. Alternative loans are offered by for-profit loan companies. While payments may be deferred during the time a student is enrolled in college, interest on the loan will accrue. Therefore, students should exhaust all other possible resources (e.g., income from a job, parental assistance, money from savings, etc.) before seeking an alternative loan. 3. Part-Time Employment Dakota College provides a number of part-time jobs not associated with any federal program. Jobs are on campus and include maintenance, library work, secretarial work, food service, teachers’ aides, and many more. 4. Scholarships Students may qualify for any number of scholarships offered by both private parties and the Dakota College Foundation or Alumni Association. Scholarships are funded from income of endowed funds as well as annual gifts. If interested in additional information concerning institutional scholarships and applications, contact the Financial Aid Office. Dakota College uses one scholarship application form which students can use to apply for institutional scholarships. The scholarship application is located on the website at www.dakotacollege.edu. Financial Aid Offers The target date for financial aid offers is June 1. However, students must have submitted ALL information needed before offers can be made. Offers are based upon federal appropriations and may be reduced or increased proportionately depending upon the availability of funds and a student’s enrollment status at any time during the academic year. It is not always possible to offer students the amount or type of aid which they request or for which they are eligible. Federal regulations make it necessary to combine various forms of aid to best meet the needs of the students. However, students have the right to accept or decline any or all the aid offered. Students accept or decline their offers through their Campus Connection Account. Admission requirements as stipulated in the college catalog must be met before any funds can be released to the student for payment of fees. OFFERS MAY BE CANCELLED IF THE STUDENT DOES NOT RESPOND; however, if extenuating circumstances prevail, exceptions may be made. Satisfactory Academic Progress Requirements To ensure compliance with federal regulations, the following policies governing standards of satisfactory progress for all students attending Dakota College and requesting federal student financial assistance are effective with the beginning of classes for the academic year. They are as follows: 1. Qualitative Academic Standards Grade Point Average (GPA) a. At the end of each semester, all student GPA’s are evaluated at Dakota College. In order to meet the GPA average requirements, a student will need to have a cumulative grade point average of the following: Minimum Cumulative GPA Required: 1st Semester: 1.60 2nd Semester: 1.75 After 3 rd semester students must have a cumulative GPA of 2.00.