FINANCIAL AID grants, work-study and federal loans before borrowing from an alternative loan program. What should you look for in an Alternative Loan? • Annual Percentage Rate (APR) • Loan Limits • Repayment Terms • Cosigner Requirement • Repayment Incentives • Interest Capitalization • Lender for Federal Loans For detailed information on how to apply for alternative loans, go to www.delmar.edu/finaid/lprogram.html
2. Student Employment Programs You may opt to work part-time, usually on campus, to help pay for college. There are three student employment programs: a. Federal Work-Study Program (FWSP) b. Texas College Work-Study Program (TXWKS) c. Student Assistant Employment Program For detailed information about these student employment programs, go to www.delmar.edu/finaid/employ.html
Protect your Financial Aid – Don’t lose it!
Federal regulations require educational institutions to review the academic progress of all students applying for student financial assistance. Satisfactory Academic Progress (SAP) must be maintained in order to receive aid. A student’s academic process is evaluated after each long semester and summer term with the following standards as mandated by the federal regulations: • Qualitative (Grades and Cumulative Grade Point Average) • Quantitative (Maximum Time Frame for completion) This review will include all periods of the student’s enrollment, even those for which the student did not receive financial aid. Students are expected to be continuously aware of their grades.
DMC Satisfactory Academic Progress (SAP) Policy
Del Mar College has adopted the following Satisfactory Academic Progress Policy (be advised these standards apply to all financial aid programs unless the terms of a particular program indicate otherwise): Federal/State Regulations require students to be making Satisfactory Academic Progress at the time they receive financial assistance. All financial aid recipients must be enrolled in a program of study leading to an Associate’s degree or a certificate program. All course work attempted at Del Mar College will be evaluated, regardless of whether the student previously received assistance. All transfer course work, accepted for credit, will be counted towards the maximum time frame. A student’s academic progress is evaluated after each long semester and at the end of the summer session. The evaluation includes all coursework attempted for the semester/sessions (withdrawals, incompletes and “R” grades will be included in determining the total number of hours for which the student enrolled). 31