Awarding Financial Aid
Federal Student Aid (FSA) is awarded based on the results from the Free Application for Federal Student Aid (FAFSA). Once a FAFSA has been processed, the institutions listed on the FAFSA will receive an Institutional Student Information Report (ISIR) usually within 3 to 5 business days of the application. Students will receive a Student Aid Report (SAR) electronically if an email address was provided usually within 3 to 5 days as well. If an email address was not provided on the FAFSA, the student will receive a paper copy of their SAR in approximately 4 weeks from the date of application.
Once an ISIR is received, it is reviewed by a Financial Aid Officer and the applicant is notified of any pending items. Students may be awarded federal student aid up to the Cost of Attendance based on full-time attendance unless indicated otherwise by the applicant on the Estimated Financial Assistance Form required in the awarding process.
Students should monitor their email for important updates from the Office of Financial Aid to prevent a delay in the awarding process. All required documentation must be on file prior to a student receiving federal student aid.
Once a student is awarded federal student aid, they will be sent an email notification prompting them to review their award. If a student wishes to decline any portion of the award they may do so by contacting the Office of Financial Aid at email@example.com.
CIU takes attendance, however prior to receiving a FSA disbursement CIU will verify participation in each registered course at the end of week 1 in the term. Students who choose not to attend the first week will be institutionally dropped from the course. Students attending at least half-time will not have an adjustment made to their federal student loan award unless requested by the student.
Students are considered full-time if enrolled in 12 credit hours in a semester and half-time if enrolled in 6 credit hours in a semester.
ACADEMIC YEAR REQUIREMENTS
CIU defines its academic year as 36 weeks of instruction.
If a financial aid award has to be adjusted for any reason during the academic year, a student will receive an email notification from the Office of Financial Aid prompting them to review the revised award. If a student wishes to decline any portion of their revised award they may do so by contacting the Office of Financial Aid at firstname.lastname@example.org .
REMAINING ELIGIBLE FOR FEDERAL STUDENT AID
In order to continue to receive federal student aid to attend California Intercontinental University, it is important students stay eligible. Students will need to continue to meet the basic eligibility requirements, maintain Satisfactory Academic Progress and fill out the FAFSA each year. The Satisfactory Academic Progress Policy may be reviewed by accessing our catalog. You may reapply for federal student aid each year at www.fafsa.ed.gov.
The Office of Financial Aid currently reviews students on a case by case basis if they are experiencing unusual circumstances which may not accurately be reflected on their current financial aid application. This process is known as professional judgment. All requests for a professional judgment must be submitted in writing to the Office of Financial Aid at email@example.com. All outcomes will be communicated to the student/prospect via email within 14 days of receipt of all applicable supporting documentation.
MILITARY STUDENTS APPLYING FOR FINANCIAL AID
Military Tuition Assistance (TA) is an education benefit paid to eligible members of the Army, Navy, Marines, Air Force, and Coast Guard. TA provides funding to students up to $250 per semester hour and up to $4,500 per fiscal year. Students using TA may also apply for FSA. FSA eligibility will be dependent upon the student’s cost of attendance and demonstrated financial need.