Policy 8 – 01: PRINCIPLES AND PRACTICES

Financial Aid is intended to supplement the student and parent’s contribution to college costs and is based on need. There are three types of financial aid: grants and scholarships that do not need to be repaid, low interest loans that do not need to be repaid, and part-time employment. Most students receive an aid package that combines several different types of assistance.

Financial Aid eligibility is based on financial need. When a student and their family complete the Free Application for Federal Student Aid (FAFSA), the Department of Education calculates an expected family contribution (EFC). The Financial Aid Office develops a cost of attendance for each student based on his or her program of study, enrollment status and housing status. The EFC is then subtracted from the cost of education to determine the student’s financial need.

Financial aid is awarded for the full academic year. Returning students must reapply each spring for the following year. New students entering in September must apply by April 1st for aid and the new students entering in January must apply by August 1st for spring semester aid. Students must complete Admissions applications first to be considered for financial aid for the school year.

Students must maintain satisfactory academic progress in order to receive financial aid. Satisfactory progress is measured twice a year, at the end of each semester. In order to maintain satisfactory academic progress a student must complete 67% of the courses they attempt. This measurement is taken cumulatively to include all courses attempted at Quincy College. Additionally, each student must maintain a cumulative grade point average to meet the following standards: by the end of the first semester a student must have a GPA greater than or equal to 1.5; by the end of the second semester a student must have a GPA of 1.85 or better; by the end of the third semester a GPA of 1.9 or better and all semesters beyond the fourth a student must have a GPA of 2.0 or better. If a student has not achieved the necessary GPA they will be given one semester of academic warning. By the end of that semester they must bring their GPA to the level required at that point in their program. If the student’s GPA does not improve to the required level after their probationary period, they will lose their financial aid eligibility. In order to regain eligibility, a student must attend classes at Quincy College at least half-time until they meet the required standards.

Upon completion of a student’s financial aid file, Financial Aid awards will be deducted directly from current charges. Students should apply for financial aid early, and respond to all requests for additional information in a timely fashion.
Students who need help in completing the financial aid forms or need other types of financial aid counseling should contact the College’s Financial Aid Office.

View List of Policies and Procedures