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 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. All question should be directed to the Federal Student Aid at https://studentaid.gov/announcements-events/coronavirus

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 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. All question should be directed to the Federal Student Aid at https://studentaid.gov/announcements-events/coronavirus

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 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. All question should be directed to the Federal Student Aid at https://studentaid.gov/announcements-events/coronavirus

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?   
Financial aid students who had to withdrew as a result of COVID19, will not have to repay their financial aid. This includes all federal or state financial aid. 

I had to withdraw from all my classes for the Spring 2020 semester as a result of COVID19. I was already sent a letter telling me how much to repay.  Do I still need to repay this?
The Sierra College Financial Aid Office has been given permission by the U.S. Department of Education to reverse this action so that you will not have to repay any money back to the school or the FAFSA program.

I have already repaid my obligation to the school or to the Pell Grant program. Will I get this money back?
Yes. The Sierra College Financial Aid Office will provide you with a refund sometime during the summer.  

Financial Aid Satisfactory Academic Progress (SAP)

Will I lose financial aid eligibility because I had to withdraw from all or even a couple of my classes?
No. Students who totally withdrew or received an Excused Withdraw as a result of COVID19 will have the quantitative component removed for the calculation of attempted units.  

Details

Article ID: 105468
Created
Wed 4/15/20 2:38 PM
Modified
Mon 6/8/20 10:15 AM