FINANCIAL AID & SCHOLARSHIPS
26 Financial Aid and Scholarships
2018-2019 USC Upstate Catalog
PURPOSE AND ELIGIBILITY
USC Upstate offers a full range of financial assistance programs designed to
assist students and their families with the cost of education. These programs
provide financial aid resources in the form of grants, scholarships, loans
and employment opportunities. These resources are awarded to students
based on financial need, academic promise, leadership potential, special
talents, or a combination of these criteria. Descriptions of these programs
and their requirements may be found in the following pages of this catalog.
In prior years, more than $65-million in financial aid was awarded to USC
Eligibility for assistance based on financial need is determined by completing
a federally approved needs analysis form, the Free Application for Federal
Student Aid (FAFSA). Students may complete the FAFSA electronically at
www.fafsa.ed.gov. The Title IV school code for USC Upstate is 006951.
The FAFSA calculates an expected family contribution or EFC. The difference
between the FAFSA EFC and the cost of education is the student’s financial
need. USC Upstate seeks to identify and provide funds to meet the financial
needs of its students, to the extent resources are available. It is intended that
no student be denied an education because of financial need.
Financial assistance programs have individual requirements in addition to
a demonstration of financial need through completion of the FAFSA. These
requirements generally include, but are not limited to, enrolled in good
standing in a program of study leading to a degree or teaching certificate,
enrollment in a minimum number of hours each semester, and maintenance
of satisfactory academic progress. Students receiving state, federal or institutional
financial aid must be enrolled in 12 or more USC Upstate hours to
be considered full-time for financial aid purposes.
SATISFACTORY ACADEMIC PROGRESS
Institutions participating in Title IV federal financial aid programs are required
by the U.S. Department of Education to establish institutional policies that
define satisfactory academic progress. All students who receive federal,
state or institutional financial assistance at USC Upstate are expected to
maintain satisfactory progress toward completion of their programs of study
in a reasonable period of time.
Financial assistance programs covered by this policy include all federal
financial aid programs (Federal Pell Grant, Federal Supplemental Educational
Opportunity Grant, TEACH Grant, Federal Subsidized and Unsubsidized Direct
Loans, Federal Perkins Loans, Federal Parent Loans for Undergraduate
Students, and Federal Work-Study), Private Loans, South Carolina Teacher
Loans, State Need Based Grant and institutional financial assistance programs
(athletic grants, academic scholarships, stipends, minority incentive grants,
and student employment).
The USC Upstate Financial Aid Committee has approved the following policy.
Students are considered to be making satisfactory academic progress if they :
1. Are admitted and enrolled as a degree seeking or teacher certification
2. Maintain a cumulative USC system GPA of 2.0.
3. Complete requirements for a degree or certificate within a reasonable
length of time as specified below: The total number of hours attempted
at any post-secondary institution does not exceed 180 hours.
4. Earn at least 67% of all total attempted hours(including hours from
all USC campuses and all other previous colleges).
Students seeking a teacher certification with an undergraduate degree will
be granted aid for a maximum of four full-time equivalency semesters or
anticipated graduation date.
Transfer students receiving admission to the University will be considered
to be making satisfactory academic progress for financial aid at the time of
enrollment unless the total number of hours attempted at all post-secondary
institutions exceeds the equivalent of 180 hours.
Transfer students gaining admission through the Admissions and Petitions
Committee must attain a minimum 2.0 grade point ratio on the first twelve
hours attempted to maintain further financial aid eligibility. Eligibility for
financial assistance is limited to a total of the equivalent of 180 hours of
enrollment at all post-secondary institutions attended.
Students serving suspensions will not be eligible for financial aid during
periods of open enrollment. Students not making satisfactory academic
progress are not eligible for financial aid.
If a student’s ability to meet these standards was affected by extenuating
circumstances, he or she may appeal this determination. Information
concerning the appeals process is available in the USC Upstate Financial
Aid Office. Students not meeting these standards at the end of spring
term may attend summer school to meet satisfactory academic progress
requirements. Incomplete appeals will be returned upon receipt. During
the student's matriculation, the student will not be allowed to successfully
appeal more than three (3) times. The committee's decision is final and
cannot be further challenged.
Federal Pell Grants are designed to be the foundation of financial aid. Their
purpose is to ensure that all eligible students use these funds to continue
their education after high school. The amount of a Federal Pell Grant award
depends on a student’s financial need as calculated by the FAFSA, the cost
of the student’s education, and the amount of time the student is enrolled
during the school year.