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Life Chiropractic College West >> Departments >> Financial Aid >> General Eligibility and Satisfactory Academic Progress |
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General Eligibility and Satisfactory Academic Progress 1. Students must demonstrate* financial need by completing an approved need analysis application. Life West requires that all applicants file a FAFSA form. (Free Application for Federal Student Aid). *Definition of financial need: Financial need is the difference between a student's and/or student's family resources and allowable college expenses (student budget). An established needs analysis formula (Federal Methodology) is used to determine your financial need. This formula is based on tax year data and has budget restrictions. DON'T PANIC. The financial aid office has some discretion in these areas. For example, after careful consideration, a decision could be made that expected year earnings (earnings made during the school year) more accurately reflects a student's contribution potential (rather than tax year). In addition, there are provisions along with the budget restrictions to assist students who are married with dependents and have low incomes. If you have day care expenses inform your financial aid advisor. The need figure is the amount of money we try to make available to applicants for financial aid. Two factors are taken into consideration in the analysis of a student's financial need:
PARENT OR SPOUSE CONTRIBUTIONS Example:
2. Be a citizen or an eligible non-citizen. (You may be required to provide documentation of your status). 3. Financial Aid funds are to be used for educationally related expenses only. Purchases of businesses, cars, stereos, vacations, etc. are not proper use of federal or state funds. 4. Students receiving financial aid must maintain satisfactory academic progress toward the completion of their degree to remain eligible for student financial aid. Students remain eligible for participation in financial aid programs at Life West as long as they meet a number of requirements.
If a student on academic probation falls below a 2.0 grade point average within the next two quarters, he/she will remain on academic probation.
Effective fall 2007 |
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