This brochure provides general information about your rights and responsibilities as a financial aid recipients and directions to more material on various web sites. Detailed financial aid information regarding Gustavus’ policies and procedures as well as additional federal regulations that govern financial aid programs can be found on line at: http://www.gustavus.edu/academics/general_catalog/current/expens.
You will also find information about living off campus, foreign study abroad, transfer and exchange terms, budgeting, and meeting the parent and student contributions. If you are unable to access this information on line, please contact the Financial Aid Office (FAO) for a printed copy.
Generally, students are eligible for 8 semesters of financial aid. Students who complete their graduation requirements before the final semester of their senior year will lose their federal and state aid eligibility. This aid is not replaced with Gustavus assistance.
If a student is enrolled for longer than 8 semesters (5th yr and beyond), you may only be eligible for federal financial aid (Stafford loan). Students who need to be enrolled for a 9th term for student teaching may apply for scholarship aid during their semester of enrollment.
Financial aid recipients must remain in good academic standing, as established by the College and must make satisfactory progress toward completion of a degree in order to maintain eligibility for funding from all sources.
Details regarding SAP standards for financial aid recipients can be found at http://gustavus.edu/academics/general_catalog/current/expens.
The College policy for students withdrawing, voluntarily or by dismissal, is available on line at http://gustavus.edu/finance/refund.php.
The entire room portion of the total tuition, room, and meal fee is non-refundable after classes have begun.
The meal (board) portion of the cost of attendance will be divided by the number of weeks in the term (usually 15) to determine a per week amount. Then the per week amount will be multiplied by the number of weeks remaining in the term as of the date of withdrawal. This result will then be multiplied by a food cost factor of 35% to determine the actual credit.
Technology Fee, Student Government Fee, Transcript Fee, and Other Student Fees: These fees are non-refundable after classes have begun.
No refund or credit of any charges will be made to a student who is suspended or dismissed from the College for any reason on or after the first day of classes in a semester.
The amount of scholarship retained and/or the amount of repayment due to federal programs must be calculated in accordance with applicable regulations and are based on the percentage of earned costs. Scholarship and loan adjustments and the return of federal funds are recorded to the student’s account. Title IV funds must be returned in the following order: unsubsidized and subsidized Stafford loan funds, Perkins, PLUS, Federal Pell, ACG, SMART, SEOG, and other federal funding (loans). Institutional scholarship funds are generally retained in proportion to the percentage of earned charges. Contact the Financial Aid Office for more information.
Parents and students have the following responsibilities: 1) to complete and submit in a timely, thorough, and accurate manner all financial aid application forms; 2) to provide FAO with all requested documents; 3) to read, understand, and retain copies of all forms distributed; 4) to read, understand, and retain copies of all loan repayments agreements; 5) to apply or reapply for any scholarship or grant from sources outside the College and to report directly to FAO all awards received.
Parents and students have the right to expect that all records will be maintained in a confidential manner and that financial aid staff will provide information about how aid is determined and distributed upon request. Information students submit to our office may be shared with other agencies and institutions providing funds for financial aid, with authorization from students and/or parents.
Gustavus is accredited by The Higher Learning Commission and is a member of the North Central Association of Colleges and Schools. Its programs are accredited by the American Chemical Society, the National Council for the Accreditation of Teacher Education, the National Association of Schools of Music, the American Association of Health Education, the National Association for Sport and Physical Education, the Commission on the Accreditation of Athletic Training Education, and the National League for Nursing.
The four-year graduation rate, which in the last four years has ranged from 75% to 79%.
Courses: http://gustavus.edu/academics/general_catalog/current/gradreq
The federal government maintains a website with general program information at www.students.gov.
Information is available in the Gustavus Safety and Security Report, issued annually. Additional information can be found at: http://gustavus.edu/security/clery06.pdf
General information about federal education loans including repayment and deferments can be obtained on line at http://studentaid.ed.gov. You may also request information from the Financial Aid Office.
A description of facilities and services available can be found at: http://gustavus.edu/advising/disability/
Information is available on line at http://gustavus.edu/security/clery06.pdf. Questions or concerns about any of the policies or procedures outlined in the document may be directed to the Director of Safety and Security or to the Dean of Students.
A paper copy is available in the Athletic department.
A description of a student’s rights under the Buckley Amendments (Privacy Act) can be found at http://www.ed.gov/policy/gen/guid/fpco/ferpa/index.html. A paper copy is available in the Financial Aid Office.
The Gustavus Financial Aid Office is open for walk-ins from 8 a.m. to 4 p.m., Monday through Friday. Appointments are not necessary but are strongly encouraged.
We can be reached by phone (507-933-7527), Monday through Friday, 8:30 a.m.- 4 p.m.
Office of Student Financial Assistance
800 W College Ave
St Peter MN 56082
Telephone: (507) 933-7527
Facsimile: (507) 933-7727
E-mail: financial-aid@gustavus.edu
Consumer Information for Financial Aid Recipients
2008-2009
