Bacone’s
financial aid program is designed to assist those who
otherwise would be unable to attend the College because of
need and to recognize outstanding achievement and leadership
potential. In
addition to many forms of institutional aid,
Bacone
College
participates in all traditional types of financial assistance
available through state, federal and, tribal governments, and
lending institutions.
We
are committed to working with families to make higher
education affordable.
Most
federal and state educational assistance is based on financial
need as determined by the information provided on the Free
Application for Federal Student Aid (FAFSA). Financial need is
the difference between the cost of attending
Bacone
College
and the Estimated Family Contribution (EFC).
The EFC is calculated using formulas prescribed by the
U.S. Department of Education. The applicant must have a high
school diploma, GED, or demonstrate the “ability to
benefit” in order to receive financial aid at the
institution to which he/she is applying according to the
guidelines set forth by the Department of Education.
Some
additional requirements for financial aid are:
a.
Students must maintain a cumulative 1.60 grade point
average (GPA) for the first 30 credit hours attempted; and a
cumulative 2.00 GPA for all hours attempted thereafter.
b.
Students must successfully complete at least 70% of all
attempted course hours. Withdrawals, I, F, and other
unsatisfactory grades are examples of grades that will be
counted against the completion rate.
c.
Audit courses do not qualify for financial aid. Should
a student receive financial aid for any classes, or hours,
which are later changed to audit, the student will be required
to repay any applicable financial aid funds.
1.
Apply for admission to
Bacone
College
.
2.
Complete
and mail the Free Application for Federal Student Aid (FAFSA)
as soon as possible after January 1st of each year. FAFSA
forms can be filed electronically on the Internet at www.fafsa.ed.gov.
Be sure to include our Title IV code (003147) in step 6 of the
FAFSA.
3.
After completing the FAFSA, you will receive a Student
Aid Report (SAR) in the mail from the US Department of
Education processing center.
READ IT!! If
corrections need to be made to any information, please contact
our office at the numbers below.
If everything
is correct, keep it for your records.
4.
You
may receive a Document Tracking Letter
from our office requesting additional documents needed for
your file. For
Example: Federal Income Tax Forms, Federal Worksheet A, B, C,
etc. Make sure
you respond quickly to this letter.
This will allow us to process your financial aid
package quicker.
5.
We will send you a Financial Aid Award Letter to your
home address. This form must always be signed and returned to
our office promptly.
6.
Please
note that this award is for the current school year only.
A renewal
application must be completed for each subsequent year.
7.
If you have any questions or concerns please contact
the Financial Aid Office at the number listed below.
Office
of Financial Aid
Bacone
College
2299
Old Bacone Road
Muskogee
,
Oklahoma
74403-1597
1-888-682-5514,
Ext. 7298 or 1-918-683-4581, Ext 7298
Fax:
1-918-682-5514
www.bacone.edu
e-mail:
financialaid@bacone.edu
The
following is a list of various funding opportunities available
for eligible students.
·
GRANTS
- money available
for education expenses; does not require repayment.
·
PELL
— Federal Pell Grant; based on financial need; available
only to undergraduates.
·
FSEOG
— Federal Supplemental Educational Opportunity Grant;
available only to undergraduates with exceptional financial
need.
·
OTAG
— Oklahoma Tuition Aid Grant; available to needy
Oklahoma
residents who enroll at least half-time (application deadline
date April 30).
·
TRIBAL
ASSISTANCE
— Available for American Indian students; please apply early
to the appropriate tribal higher education agency (see tribal
list (A) in this section).
·
INSTITUTIONAL
SCHOLARSHIPS
–
Scholarships are intended to help meet various costs of
attending Bacone such as books, tuition, fees, and rooms &
board. (B)
·
ENDOWMENT
SCHOLARSHIPS
–Money
given to the college by donors. The interest is used to assist
students in covering the cost of attending Bacone (see chart
(C) in this section). Application
required.
·
FWS
— Federal Work-Study Program; on-campus employment; normally
ten hours per week at minimum wage. Financial aid eligibility
is required and exceptional financial need.
·
LOANS
- money
available for education requiring repayment with interest.
o
FEDERAL
SUBSIDIZED STAFFORD LOAN
— Money borrowed from a lending institution at a variable
interest rate not to exceed 8.25%, the present rate is 3.46%;
repayment begins six months after graduation or six months
after leaving school.
o
FEDERAL
UNSUBSIDIZED STAFFORD LOAN
— Money borrowed from a lending institution at variable
interest rates not to exceed 8.25%, the present rate is 3.46%;
repayment begins six months after graduation or six months
after leaving school; borrower is responsible for interest
payments while in school.
o
FEDERAL
PARENT PLUS LOAN
– Money borrowed from a lending institution at a variable
interest rate not to exceed 9.0%, the present rate is 4.06%;
repayment begins 45 days after second distribution.
Ø
There
maximum amounts a student can borrow per year.
Please see the table below
|
Year
in College
|
Subsidized
Loan
|
Unsubsidized
Loan
|
Total
Annual Eligibility
|
|
Freshman
|
$2625
|
$4000
|
$6625
|
|
Sophomore
|
$3500
|
$4000
|
$7500
|
|
Junior
|
$5500
|
$5000
|
$10,500
|
|
Senior
|
$5500
|
$5000
|
$10,500
|
Note:
There is a 3% loan origination fee that is
automatically deducted from loan proceeds before they are sent
to the school.
Assistance
From Other Sources
Other
sources of state and federal financial assistance are
available to qualified students including Vocational
Rehabilitation, Veterans’ education benefits, Workforce
Oklahoma
, and assistance from the Department of Human Services.
Students are encouraged to contact the appropriate government
office in their community for more information about these
programs. Bacone’s Financial Aid Office is also available to
assist you in applying to the above agencies for assistance.
Students
who change their major or course of study are advised to try
to complete their degree or certificate in a reasonable,
prescribed amount of time in order to retain eligibility for
financial aid. All students enrolled in an eligible degree
program may attempt 150% of the hours required in pursuit of
that degree or certificate.
Students
who have a degree and are pursuing a second degree of the same
type are required to meet with an advisor in the new major to
establish what classes are needed to complete the new degree.
Students can only receive financial aid for up to 150% of
these hours.
The
Office of Admissions will review academic transcripts for all
transfer students. Transfer
students with no grade history at
Bacone
College
will be placed on financial aid probation their first semester
of attendance if the transcript shows that the minimum
requirements shown below have not been met. Transfer students
admitted on financial aid probation are eligible to receive
financial assistance their first semester of attendance.
Continuation of financial aid eligibility beyond the first
semester of attendance will be approved only if the
requirements shown below are met.
Students
receiving assistance through the Federal Pell Grant, Federal
SEOG, Federal Work Study, Oklahoma Tuition Grant (OTAG),
Federal Subsidized Stafford Loan, Federal Unsubsidized
Stafford Loan and Federal Parent Plus Loan programs are
required to meet two separate requirements in maintaining
Satisfactory Academic Progress at Bacone. First, students are
required to maintain a minimum satisfactory cumulative grade
point average. Second, students are required to complete
(pass) at least 70% of the credit hours attempted each
academic year. These two requirements are summarized in the
following chart. Failure to meet both of these minimum
academic standards will result in the loss of financial aid
eligibility.
|
Total
Hours Attempted from All Institutions
|
1-30
credit hours
|
31
hours or more
|
|
Minimum
Cumulative GPA
|
1.60
|
2.00
|
|
Percentage
of Attempted Hrs. which must be completed each
academic year
|
70%
|
70%
|
1.
For financial aid purposes, all grades of A, B, C, D,
F, P, S. W, AW, WP, WF, I, N, NP, and U are hours attempted.
2.
Only grades of A, B, C, D, F, and P are counted as
hours successfully completed.
3.
Audit classes are not eligible for financial aid and
are not counted as hours attempted.
4.
All classes attempted at all institutions are used in
satisfactory academic progress calculations.
5.
Passing grades received in zero level remedial classes
count as hours attempted for financial aid purposes.
1.
Satisfactory Academic Progress is calculated annually
after the spring semester. For students on financial aid
probation, financial aid suspension, or on appeal, it is also
checked at the end of each term
2.
FINANCIAL AID PROBATION will be required for students
not meeting the requirements shown above. This is a warning
status and students on probation may continue to receive
financial aid.
3.
FINANCIAL AID SUSPENSION will be required for students
on probation who do not meet the requirements shown above.
Students cannot receive funds from financial aid programs
while on financial aid suspension. (See Appeals Below)
4.
Rules are applied uniformly to all students whether or
not aid has been received previously.
5.
Eligibility
is re-established after the students improve their scholastic
record to meet the minimum standards.
6.
If a student completely withdraws during a semester,
he/she will be placed on PROBATION.
Two consecutive semesters of complete withdrawal will
place a student on financial aid SUSPENSION.
Students
who have been placed on Financial Aid Suspension may appeal
such action in writing to the Director of Financial Aid. The
letter should give reasons why the students feel they should
not be placed on Financial Aid Suspension. The Student
Academic Status Committee will review the appeal and make a
determination that will include the consideration of
mitigating circumstances. The student will be informed in
writing concerning the decision within 5 working days.
Refunds
A
student, who drops individual classes or withdraws completely
from the college prior to the first day of classes for
the semester, will receive a 100% refund of tuition and fees.
A
student who totally withdraws during the semester of
the fall/spring semester or during the regular summer
semester will receive a refund of tuition according the table
below. The period of time to drop short-term classes will be
prorated based on the length of the class.
|
1st
Week
|
75%
|
|
2nd
Week
|
50%
|
|
3rd
Week
|
0%
|
Refund
Policy For Financial Aid Recipients Who Withdraw
Effective
October 7, 2000 any student receiving federal financial
assistance who completely withdraws from all classes at Bacone
College will be subject to the Return of Title IV Funds refund
policy required by federal regulation.
This
policy only applies to students receiving assistance through
the Pell Grant, Supplemental Education Opportunity Grant,
Perkins Loan, Subsidized Stafford Loan, Unsubsidized Stafford
Loan, and Parent Loans for Undergraduate Students Programs.
This
policy assumes a student “earns” his or her financial aid
based on the period of time the student remains enrolled
through the semester. Upon withdrawal, the Office of Financial
Aid will determine the date of the student’s withdrawal on
record in the Office of Admissions and will calculate the
amount of financial assistance the student “earned” while
enrolled in classes according the following formula: number of
days enrolled divided by total number of days in the semester.
If
the amount of federal aid disbursed exceeds the amount of
federal aid earned as of the date of withdrawal, either the
college, the student, or both are required to return some
portion of the federal aid received. Late disbursements for
which the student is eligible are required to be included.
Students
who remain enrolled beyond the 60% of the semester are
considered to have earned 100% of the financial aid received.
Students who are enrolled for less than 60% of the semester
will likely be responsible for repaying a portion of the
financial aid received.
The
Office of Financial Aid will calculate the amount of any
refund due according the Return of Title IV Funds Formula
outlined in federal regulation. Examples of this refund
formula are available in the Office of Financial Aid. Any
refund amount calculated from this formula will be returned to
the appropriate federal financial aid programs. Refunds for
financial aid recipients are never given directly to the
student. Calculated refunds amounts are returned to the
federal financial aid programs in the following order:
Unsubsidized Stafford Loan, Subsidized Stafford Loan, Perkins
Loan, PLUS Loan, Federal Pelt Grant, SEOG Grant, other federal
financial aid programs.
Under
this policy, the date of withdrawal is the date the student
began the withdrawal process by contacting the Bacone College
Office of the Registrar either in person or by phone to
complete a Notice of Withdrawal form. If a student leaves
Bacone
College
without contacting the Office of Admissions to formally
withdraw, the withdrawal date will be designated as the
midpoint of the semester or the last date of attendance at a
documented academically related activity. For students who
fail to return from an approved leave of absence, the
withdrawal date will be designated as the date the leave of
absence began.
Bacone
College
Scholarship Program
Our
goal at
Bacone
College
is to seek the best and brightest students. Each year many
scholarships are awarded to deserving students based on merit
and talent. If
more than one scholarship is offered, the student will receive
the highest award.
The
scholarships listed below can be applied towards a student’s
total expenses as a main campus student enrolled full-time
(minimum of 12 credit hours) in the fall and spring semesters.
These scholarships aid students in meeting their
college tuition expenses and are not cash awards.
These awards cannot exceed a student’s total college
expenses.
Up
to Full Tuition, Books and Fees for Fall and Spring Applied
Toward Total Costs -- Application Deadline February 14th
for Upcoming Fall Eligibility
Initial Eligibility Requires Meeting Two of the
Following Three Criteria:
1)
A minimum ACT composite score of 24 or a minimum
combined SAT I score of 1090;
2)
A high school GPA of at least 3.75;
3)
High school standing within the top 10% of graduating
class.
Renewable
Each Year Up To Four Years Based on the Following Criteria:
1)
Be a student in good standing
2)
Maintain a full academic load of at least 12 credit
hours per semester
3)
Maintain a minimum GPA of 3.50
4)
Actively served in some type of leadership/service role
on campus
Members
of the Bacone Scholars Society are expected to participate in
various leadership roles on campus such as Student Government
Association, The Baconian Newspaper, Campus Ambassador’s,
etc. Students
will be eligible to participate in special classes, seminars
and workshops.
Up
To Six Thousand Dollars ($6000) of Fall and Spring Tuition
Applied Toward Total Costs
Initial
Eligibility Requires Meeting Two of the Following Three
Criteria:
1)
A minimum ACT composite score of 23 or a minimum
combined SAT score of 1060
2)
A high school GPA of at least 3.50
3)
High school standing within the top 15% of graduating
class.
Renewable
Each Year Up To Four Years Based on the Following Criteria:
1)
Be a student in good standing
2)
Maintain a full academic load of at least 12 credit
hours per semester
3)
Maintain
a minimum GPA of 3.25
Awards
Range
From Up to Twenty-Five Hundred Dollars ($2500) to Five
Thousand Dollars ($5000) of Fall and Spring Tuition Applied
Toward Total Costs
Initial
Eligibility Requires Meeting the Following Two Criteria:
1)
A minimum ACT composite score of 22 or a minimum
combined SAT score of 1020
2)
A high school GPA of at least 2.50
Renewable
Each Year Up To Four Years Based on the Following Criteria:
1)
Be a student in good standing
2)
Maintain a full academic load of at least 12 credit
hours per semester
3)
Maintain a minimum GPA of 3.00
The
following academic programs offer specific, merit-based
tuition scholarships for eligible students enrolled full-time
in both fall and spring terms of an academic year.
Business,
Nursing, Education, Criminal Justice,
Art,
Theatre, and Journalism
Awards
range from partial to full-tuition funding.
2002-2003
Bacone College Scholarship Program Quick Reference Guide
|
Program
Name
|
Application
Form
|
Deadline
|
Maximum
|