Financial Aid continued
The Financial Aid Program Administrator then notifies parents/guardians who applied for financial aid of the award or denial.  A form acknowledging the acceptance of the financial aid award and the resulting stipulations is signed by the President and the parents/guardians. A tuition loan with First Bank is reduced at no cost for the parents/guardians of a student who receive a financial award. 

The school’s financial aid budget also includes a specified amount that can be used in the case of a family emergency that occurs during the school year.  Any financial award not used or forfeited during the school year is added to this specified amount.  The Financial Aid Committee may allocate this money. 

A student who receives financial aid must perform work as assigned by the Financial Aid Program Administrator.  The work performed involves labor on the school’s campus.  Work projects must be approved in advance by the Financial Aid Program Administrator and the President.  The Financial Aid Program Administrator determines the work schedule for each financial aid recipient.  The Financial Aid Program Administrator is responsible for keeping a daily written verification of the work performed.  Both the Financial Aid Program Administrator and the student sign the form indicating the assignment.  The President and Executive Director of Finance receive a weekly report on the work status of any student receiving financial aid.

A student who is placed on disciplinary probation prior to April 30 immediately forfeits his financial aid for the remainder of the school year.  The student’s account must be paid in full by April 30.  A student who is placed on disciplinary probation after April 30 forfeits his award for the following school year.