Financial Aid Q&A Related to COVID-19 Events

As a result of COVID-19 events, the Financial Aid Office developed a few Q&As to assist students with their financial aid questions as a result of having to either withdraw or reduce units.

Federal Direct Student Loans

I had to borrow Direct Federal Student Loan for the Spring 2020 semester but had to withdraw because of COVID19. What will happen?
Students who had to completely withdraw from Sierra College after March 8, 2020 as a result of COVID19, the FAFSA Program at the U.S. Department of Education will exclude the Spring 2020 term from counting towards your lifetime subsidized loan eligibility.

Will I have to repay my Federal Direct Student Loan because I had to withdraw from Sierra Colleges due to COVID19?
Students who totally withdrew after March 8,2020 as a result of COVID19, would not have to repay a loan that was issued to them during the spring 2020 term.  The U.S. Department of Education will take steps to cancel/forgive the spring 2020 loan.  

Pell Grants

I had received a Pell Grant for the Spring 2020 semester but had to withdraw because of COVID19. What will happen?
Students who had to completely withdraw from Sierra College after March 8, 2020 as a result of COVID19, the FAFSA Program at the U. S. Department of Education will exclude the Spring 2020 term from counting towards your lifetime Pell Grant eligibility.

Repaying your Financial Aid

I had to withdraw from all my classes for the Spring 2020 semester as a result of COVID19. Will I have to pay this back? 
Students who had to withdrew after March 8, 2020 as a result of COVID19, will not have to repay their financial aid.  This includes all federal or state financial aid. 

Financial Aid Satisfactory Academic Progress (SAP)

Will I lose eligibility because I had to withdraw from all or even a couple of my classes?
Students who totally withdrew or received an Excused Withdraw after March 8, 2020 as a result of COVID19, will have those units excluded from the SAP calculation. 

Details

Article ID: 105468
Created
Wed 4/15/20 2:38 PM