ÃÛÌÒ´«Ã½Æƽâ°æÏÂÔØ

ÃÛÌÒ´«Ã½Æƽâ°æÏÂÔØ has two policies to help departments ensure they’re paying students correctly:

• How to Pay Students Policy: Ensures students at ÃÛÌÒ´«Ã½Æƽâ°æÏÂÔØ are paid using the proper payment method and reported accurately
• Other Financial Assistance (OFA) Policy: Ensures all forms of financial aid, including federal state and institutional aid, are considered when determining a student’s eligibility for federal financial assistance at ÃÛÌÒ´«Ã½Æƽâ°æÏÂÔØ

Many common types of payment to students are forms of OFA and must be reported to the Office of Financial Aid. Reporting student payments correctly keeps them in compliance with rules and regulations.

Enrollment requirements and summer payments

Students must be enrolled or considered active students at ÃÛÌÒ´«Ã½Æƽâ°æÏÂÔØ in the term for which the payment is intended to receive any federal financial aid or funding considered OFA.

Should a department wish to provide funding considered OFA to an active student during a period of non-enrollment, such as a summer term, such funding must be counted toward the student’s Cost of Attendance (COA) for the following period of enrollment, such as the fall term. It is not permissible to retroactively apply funding intended for a period of non-enrollment (summer) to a student’s previously enrolled term (spring) to circumvent this policy.

Refer to the Paying Students & Other Financial Assistance Policy for additional support, resources and guidance.