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Financial Aid

Financial Aid Policies

For more information about Federal Student Aid policies and processes at Belmont College, please review the topics below.  If you have any questions, please contact us at FinancialAid@BelmontCollege.edu.

 

Applying for Financial Aid – Belmont College is pleased to assist graduating high school seniors, and new and continuing undergraduate students who wish to be considered for financial assistance to help them pay the educational expenses they’ll incur to attend Belmont College.  Please click on the Applying for FA link above and follow the steps provided. 

 

Federal Direct LoansBelmont College students can apply for Federal Student Loans through the Federal Direct Loan Program.  A loan is borrowed money that must be repaid, along with any interest that may accrue.  Students applying for a Federal Direct loan must complete a Belmont College Loan Application, a Master Promissory Note, and complete Entrance CounselingEntrance Counseling must be completed every academic year that a student applies for a student loan.

 

Notice of Federal Student Financial Aid Penalties for Drug Law Violations – The Higher Education Act (HEA) of 1965, as amended,  suspends aid eligibility for students who have been convicted under federal or state law of the sale or possession of drugs, if the offense occurred during a period of enrollment for which the student was receiving federal student aid (grants, loans, and/or work-study). If you have a conviction(s) for these offenses, call the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243) or click here to complete the “Student Aid Eligibility Worksheet” to find out how this law applies to you. If you have lost federal student aid eligibility due to a drug conviction, you can regain eligibility if you pass two unannounced drug tests conducted by a drug rehabilitation program that complies with criteria established by the U.S. Department of Education.

 

Private Student Loans – Belmont College does not endorse or provide information regarding any single loan product or loan provider.  Students may independently explore private student loan options.  Please remember that you may qualify for Federal Direct Loans by completing a FAFSA.  If you decide to apply for a private student loan, you must complete, sign, and provide a copy of the U.S. Department of Education’s self-certification form for private student loans to your lending institution.

 

Satisfactory Academic Progress (SAP) (Financial Aid only) – please note that this policy is different from the Academics Satisfactory Academic Progress review.  Please click on the SAP heading above to learn more about this process.

 

Student Loan Code of Conduct – Belmont College Financial Aid staff are committed to providing the highest quality customer service to our students and families.  It is our goal to provide information and advice, in keeping with federal requirements, and to base decisions solely by consideration of the best interests of our students (and their parents).  To ensure students and their families continue receiving sound and impartial advice from the financial aid office, and to avoid the potential for, or appearance of, conflicts of interest regarding student loans, the Office of Student Aid shall abide by this Code of Conduct in its relationships with lenders, guarantors, and servicers of education loans.  The Belmont College Office of Student Aid prohibits all of the following:

  • Revenue sharing agreements with lenders
  • Conflicts of Interest
  • Accepting gifts above a nominal value from lenders or guarantors
  • Accepting private loans conditioned on the use of a lender’s Title IV loans
  • Contracting arrangements with a lender that provides compensation to school staff
  • Assigning a lender to a borrower or refusing to certify a loan for a borrower’s choice of lender or guarantor
  • Accepting from lenders any staffing assistance
  • Accepting compensation for service on an advisory board, except that reasonable expenses associate with that service may be reimbursed by the lender or guarantor

 

The Belmont Financial Aid Office is committed to the highest standards of professional conduct.  We are members of the National Association of Student Financial Aid Administrators (NASFAA) and adhere to their Statement of Ethical Principals and Code of Conduct as well.

 

Summer Financial Aid – Summer semesters at Belmont are considered the lead or header semester.  This is the first term of each new academic year.  Please click on the Summer Financial Aid link above to learn more about applying for financial aid for the Summer term.

 

Treatment of Title IV Aid When a Student Withdraws (R2T4) – The Title IV programs that are covered by this law are:  Federal Pell Grants, Iraq and Afghanistan Service Grants, Direct Loans, Direct PLUS Loans, and Federal Supplemental Educational Opportunity Grants (FSEOGs).   Please click on the R2T4 heading above to learn more about this process.

 

Verification – In accordance with Federal Financial aid regulations, the data entered on the Free Application for Federal Student Aid (FAFSA) by many students must be verified for accuracy. The U.S. Department of Education selects approximately one third of all FAFSA filers to undergo this process. The Office of Financial Aid at Belmont College also has authority to select applicants, and require them to complete the verification process.  Please click on the verification heading above to learn more about this process.