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Federal School Code 005753

Freeze Date Example

Enrollment & Attendance

Below is an example for Summer 2014 semester for a student whose completed FAFSA results are on file at the beginning of the semester. A student adding or dropping classes before the financial aid freeze date or before their completed FAFSA results are on file at Owens would have his/her financial aid awards recalculated.

Adding a class on or before June 16, 2014

  Original enrollment
First Day of Classes
Add 4 credit hours on or before June 16, 2014
Enrollment 8 credit hours 12 credit hours
EFC 0 0
Pell awarded $1,432.50 $2,865.00
Tuition $1,224.00 $1,836.00
Refund $208.50 $1,029.00

However, if changes are made after June 16, 2014 and the studentís completed FAFSA results are on file, the studentís financial aid awards will not be recalculated. This includes adding modular classes, or any classes that start later in the semester. Therefore, if the student should add classes after June 16, 2014, the student could end up with a smaller refund or owing money to the College.

Adding a class after June 16, 2014

  Original enrollment
First Day of Classes
Add 4 credit hours after June 16, 2014
Enrollment 8 credit hours 12 credit hours
EFC 0 0
Pell awarded $1,432.50 $1,432.50
Tuition $1,224.00 $1,836.00
  $208.50 Refund $403.50 balance due

This policy affects students receiving federal grants. Students receiving Federal Direct Stafford loans still must maintain at least 6 credit hours throughout the semester.

Please remember, it is in the studentís best interest to complete all of his/her add/drop changes by the end of the business day on the freeze date.


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