[Oasfaa] Estimated Cost of Attendance for Loans

[Melanie L. Rinehart]

Myrna,

I don’t know if this helps, but in the 13-14 Handbook, Chapter 5, page 3-107… in the right hand column (side notes). It says that you do not have to prorate loans based on enrollment status.

Melanie Rinehart
Senior Financial Aid Counselor
1900 W MacArthur St
Shawnee, OK 74804
Phone: 405-878-5412
Fax: 405-878-5403
mlrinehart at stgregorys.edu<mailto:mlrinehart at stgregorys.edu>
Office Hours: 8am – 6pm
My Hours: 9am – 6pm

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From: oasfaa-bounces at lists.onenet.net [mailto:oasfaa-bounces at lists.onenet.net] On Behalf Of myrna cross
Sent: Wednesday, July 16, 2014 3:31 PM
To: oasfaa at lists.onenet.net
Subject: [Oasfaa] Estimated Cost of Attendance for Loans

Good Afternoon!
I need help!!  lol.....  We're having our audit this week and I need to find documentation to support my student loan packaging.
Example:  Student enrolled for 3/4 time fall and requested a fall/spring loan.  This student had a fairly high efc and  she received some sub and some unsub loan.  No campus based aid or Pell.  For spring, she only enrolled 1/2 time.  We did not recalculate her unmet need based on her new enrollment status.
I know I have always followed this policy but I can't find documentation to show the auditor.  I have read through all of Chapter 3 in the handbook.  Does anyone know where this is addressed?

Myrna Cross
Director, Financial Aid
Western Oklahoma State College
2801 N. Main
Altus, OK  73521
580-477-7712
580-477-7716 fax
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