Tuition and Aid

To be eligible to receive financial aid at Holy Apostles College and Seminary, a student must be

• Matriculated
• Enrolled currently as a full‐time or part‐time student
• Making Satisfactory Academic Progress (SAP)

In order to be considered a full-time student, for Undergraduate students, 12 or more credits must be taken per term (with 12 completed). For half-time students, between 6 and 8.5 units must be taken, with 6 completed per term. Federal regulations require that academic progress be monitored for all periods of enrollment, whether or not you have received financial aid.

The definition of full-time and part-time for Graduate students, effective August 27, 2018, is:

Full-time graduate student = 6 credits or 2 courses
Half-time graduate student = 3 credits or 1 course

Holy Apostles College and Seminary changed this definition so that students will have the time to dedicate to learning the basics of their discipline (i.e., Theology, Philosophy, or Pastoral Studies). Once they have mastered the basics, Holy Apostles believes the reduced course load will encourage students to complete a more thorough study of each topic in their discipline.

Satisfactory Academic Progress (SAP) Policy
Federal regulations require that your academic progress be measured toward completion of a degree program. This occurs at the end of each semester and applies to all periods of enrollment, whether or not you have received financial aid. After your academic progress is evaluated, your SAP status will either be Satisfactory, Warning (Probation), or Suspension.

Minimum Standard Requirements

Satisfactory Academic Progress (SAP) is evaluated using three factors. The first two factors (Grade Point Average and (credit) Completion Ratio) are discussed immediately below. The third factor (Maximum Timeframe) is discussed further below. To be eligible to receive financial aid at Holy Apostles College and Seminary, students must:

• Maintain a cumulative grade point average (G.P.A.) of at least 2.0 (for Undergraduate students) or 3.0 (for Graduate students) and
• Maintain a 67% (credit) Completion Ratio (the required percentage of credits successfully completed relative to the total number of credits attempted).

For purposes of calculating the Completion Ratio, grades of A, B, C, D, and P are considered complete, while grades of F, WF, W, and I are considered NOT complete. Credits attempted are defined as the number of credits that will appear on your permanent academic record.

Your status is SATISFACTORY if you meet Minimum Standard Requirements and have not reached the Maximum Time Frame (see below) for your program. Your status is WARNING (PROBATION) if you did NOT meet Minimum Standard Requirements. This is a “probationary” semester; you can still receive financial aid, and you must take a manageable course load to be successful. If you do not meet Minimum Standard Requirements during your probationary semester, your status will be SUSPENDED and you will not be eligible to receive financial aid until your SAP ratio is in the satisfactory range.

Exceptions
If you are suspended due to not meeting Minimum Standard Requirements while on Probation AND had extenuating circumstances beyond your control (federal regulations specify these as ‘student illness or injury, or death of a relative’), you may submit an appeal.

To appeal, submit a SAP Appeal Form WITH official supporting documentation explaining the extenuating circumstances as described above. Students may be approved for a Minimum Standard Requirement Appeal only once while at Holy Apostles College and Seminary. Appeals are not automatically approved and will ONLY be considered for extenuating circumstances. If you did not have extenuating circumstances, your status will remain SUSPENDED. You must successfully complete at least one semester without financial aid and may request REINSTATEMENT the following semester, provided SAP requirements are now satisfactory. If your appeal is APPROVED, your status is Probation, and you can receive financial aid; however, it is not retroactive. If your appeal is DENIED, you must successfully complete at least one semester without federal financial aid. You may request REINSTATMENT for the following semester.

Reinstatement
To be considered for Reinstatement, you must:

• Complete at least 3 degree-applicable credits and meet Minimum Standard Requirements.
• Meet with the Academic Dean and obtain an Educational Plan.
• Submit a copy of your Educational Plan with a Request for Reinstatement form to the Financial Aid office.

Once you have met these requirements, your status will be Probation, and you will be eligible for financial aid consideration.

Maximum Time Frame Requirement
You may only receive aid for up to 150% of your academic program. This is called your Maximum Time Frame. If you reach the Maximum Time Frame for your program (see chart below), you will be on Suspension.

Maximum Time Frame Chart

Maximum Time Frame Exceptions
If you have reached the Maximum Time Frame for your program and have continuously met the minimum standard requirements but have classes remaining to meet your goal, you may appeal for an extension. Please note that extensions may not be granted for changes in majors or multiple degrees.

To be considered for an extension, you must:

• Meet with the Academic Dean and obtain an Educational Plan that clearly states your academic goal, what remaining classes you need to obtain that goal, and a completion date.
• Submit a copy of your Educational Plan with a Maximum Time Frame Appeal form to the Financial Aid office.

Students may be approved for a Maximum Time Frame Appeal only once while at Holy Apostles College and Seminary. If your appeal is APPROVED, your status will be Probation, and you will be given a specific length of time to complete your program based on your Educational Plan. While on Probation, you must meet Minimum Standard Requirements throughout your extension period. If you do not, your status will be Ineligible, and you will no longer be able to receive aid at Holy Apostles. If your appeal is DENIED, your status is Ineligible, and you will no longer be able to receive aid at Holy Apostles.

What if I’m placed on Probation?
You must meet the Minimum Standard Requirements

• You are still eligible to receive financial aid
• We strongly suggest you take a manageable course load.

If you do NOT meet the Minimum Standard Requirements during your probationary semester, you will be placed on Suspension. If you are on Probation due to a Maximum Time Frame Appeal and do NOT meet Minimum Standard Requirements and/or you have reached the extended time period given when your appeal was approved, your status will become Ineligible. No correspondence will be mailed notifying you of this change in status.

What if I’m on extension due to a Maximum Time Frame Appeal and do NOT meet Minimum Standard Requirements?
If you are on a Maximum Time Frame extension and do NOT meet Minimum Standard Requirements and/or you have reached the extended time period given, your status will become Ineligible. No correspondence will be mailed notifying you of this change. Once you become Ineligible, there are no further appeals and you will not be eligible for Reinstatement.

How do I avoid Suspension?

• Meet Minimum Standard Requirements and
• Do not reach the maximum time frame for your program

What if I’m placed on Suspension?

• You cannot receive additional financial aid unless you had extenuating circumstances beyond your control (federal regulations specify these as ‘student illness or injury, or death of a relative)
• You may Appeal one time only.

Repeat Courses
Students may receive Title IV aid for any repetition of a course as long as the student has never passed the course. However, once a student has passed a course, the student may receive Title IV aid for only one retaking of that course. This retaken class may be counted toward a student’s enrollment status.

Withdrawal
During the first week of classes, a student may withdraw from classes by notifying the Academic Advisor. After this period, the student must receive permission from the Academic Dean. A student must fill out an Add/Drop form, located in the Registrar’s Office, to withdraw from a course. Failure to attend a course does not serve as an official withdrawal.

A student may withdraw from a course until the first Friday of the semester without notation on the transcript; until the third Friday and receive a notation of “W”. Any student withdrawing after week five receives an automatic “WF.” W grades are not used to calculate grade point average and are not included in the count of attempted credits. WF grades are not used to calculate grade point average but are included in the count of attempted credits.

Beyond the fifth Friday a student may not withdraw from a course without written permission from the President/ Rector and the Academic Dean. A student who does not attend a course and does not fill out an Add/Drop form will receive a grade of “F”.

Re-Admittance Policy
In a case where a student has been academically dismissed from the College Division program, he or she may apply for re-admittance after a minimum of one academic year.

For undergraduate students, transcript(s) for at least one academic year from another accredited, college level institution must show the student has earned a minimum G.P.A. of 3.0 (out of 4.0) since being academically dismissed from Holy Apostles.

For graduate level students, the G.P.A. earned must be a minimum of 3.0 (out of 4.0).
Students who wish to apply for re-admittance to Holy Apostles should petition the Office of the Academic Dean in writing, and have transcripts forwarded to the office. The Academic Senate will review each case and make a decision. Holy Apostles reserves the right to refuse re-admittance to any academically dismissed student.

Dismissal
A student dismissed from the Seminary Division program will not be considered for re-admittance for a minimum of two years.

Auditing
With the permission of the instructor, students who wish to take a course at Holy Apostles for personal interest, and are not interested in receiving credit, may audit courses. Students auditing a course are expected to regularly attend class and do all relevant readings. Audits are recorded on transcripts and receive a lower tuition rate. Students are not eligible for financial aid for courses being audited.

Leave of Absence from Program
Holy Apostles operates with the understanding that students may have responsibilities that interfere with school. In some cases a student may have to take an entire semester or more away from his or her program. While this poses no problem for Holy Apostles, students must understand the need for Holy Apostles to retain consistency in each academic program. Therefore, any student taking a leave of absence from a program, for one calendar year or longer, may be subject to new policies or program requirements upon returning to the school.

Transfer Credits
Holy Apostles College and Seminary accepts transfer credits from accredited colleges for all degree and certificate programs, provided the credits are in courses applicable to the particular degree program being pursued at Holy Apostles. Acceptance of transfer credits is at the discretion of the Academic Dean. Transfer credits are not included in the grade point average calculation but are included in the credits attempted.

 VA Pending Payment Compliance

In accordance with Title 38 US Code 3679 subsection (e), this school adopts the following additional provisions for any students using U.S. Department of Veterans Affairs (VA) Post 9/11 G.I. Bill® (Ch. 33) or Vocational Rehabilitation & Employment (Ch. 31) benefits, while payment to the institution is pending from the VA. This school will not:

• Prevent the student’s enrollment;
• Assess a late penalty fee to the student;
• Require the student to secure alternative or additional funding;
• Deny the student access to any resources (access to classes, libraries, or other institutional facilities) available to other students who have satisfied their tuition and fee bills to the institution.

However, to qualify for this provision, such students may be required to:

• Provide the VA Certificate of Eligibility (COE) by the first day of class;
• Provide a written request to be certified;
• Provide additional information needed to properly certify the enrollment as described in other institutional policies.

Consortium Policy

Holy Apostles College & Seminary may at the discretion of the academic advisor enter into a Consortial Agreement with another accredited institution of higher education for the purpose of a student’s taking courses at that institution for transfer credit per the allowances made in Holy Apostles’ Transfer Policy.

Direct Loans are the primary loans available and offered.  The lender is the federal government.

Undergraduate students may be eligible for:

* Interest starts to accrue at time of repayment.
** Interest starts to accrue at disbursement.

Graduate students are eligible to apply for:

(The interest rate varies depending on the loan type and (for most types of federal loans) the first disbursement date of the loan. The chart above provides interest rates for Direct Subsidized Loans, Direct Unsubsidized Loans and Direct Parent PLUS Loans first disbursed on or after July 1, 2020 and before July 1, 2021.)

If you are awarded a Direct Subsidized loan, (need based), the interest is paid by the government while you are at least a half-time student in a matriculating program of study.

If you are awarded a Direct Unsubsidized Loan (non-need based), you pay all the interest, although you can have the payments deferred until after graduation. However, the deferred interest is added to the principal which makes the loan more expensive over time.  You are strongly encouraged to elect to pay the interest if at all possible.

* Dependent Students whose parents are denied a PLUS Loan are eligible for Independent Loan Limits

Additional Notes on Federal Aid
• The difference between the two types of loans (Subsidized and Unsubsidized) is as follows: the interest on subsidized loans is deferred while the student remains at least a half-time student (and also in periods of deferment or forbearance while in repayment) while the unsubsidized loan starts to accrue interest from the time it is disbursed by the school and does not cease to accrue interest in the repayment period.
• The Origination Fee to disburse a Subsidized/Unsubsidized loan is 1.057%.
• The interest on Subsidized Direct Loans is not deferred during the six-month grace period – this change took effect in July 2012.

Requirements
In order to receive student loan funds, borrowers must complete the following two steps:

• Entrance Counseling
• Electronic Master Promissory Note (EMPN)

To complete these requirements, visit https://studentloans.gov and sign in with the FSA username and password you created at the time you filled out your FAFSA.

Steps for Entrance Counseling and obtaining your MPN

• Complete your Entrance Counseling online. This interview is a federal requirement and will inform you of your rights and responsibilities as a borrower under the Federal Stafford Loan Program.  It does NOT SAVE and must be accomplished at one sitting of approximately 30 minutes.
  • Select “Complete Entrance Loan Counseling”
  • Follow the instructions and submit
• Electronically sign your Federal Direct Loan Master Promissory Note (MPN)
  • After completing the Entrance Counseling, return to “My Profile”
  • Select “Complete Loan Agreement (Master Promissory Note (MPN))”
  • Select “MPN for Subsidized/Unsubsidized Loans”
  • Complete the required information and submit

Further questions
For other questions relating to federal aid, you can call the Federal Student Aid Info Center at 800.433.3243

Receipt of funds
All funds are credited to the student account. Any credit balances are refunded to the student within the time prescribed by federal regulations. Most financial aid funds are disbursed in two equal disbursements for students enrolled in the fall and spring semesters and three equal disbursement for students enrolled in the fall, spring and summer semesters.

These loans are offered by private lenders and banks to assist students in bridging the gap between college costs and traditional financial aid resources, including the Parent PLUS loan. These loans are not federally guaranteed.

In general, a student must have an approved credit history. Other important factors that are considered are debt load and income. A co-signer may also be required. Terms and conditions are set by each lender and the interest rates are variable with a specified cap as opposed to federal student loans that have a lower fixed interest rate. Private loans are available up to the cost of attendance minus all other financial aid assistance.

As HACS cost of attendance is considerably lower than all other private institutions, in part because we are a commuter school, we do not offer a list of preferred lenders. Although Holy Apostles College and Seminary has no affiliation with any private lenders, we will consider certifying a loan from any lender that a borrower should choose to work with on a case-by-case basis.  For information on the PLUS loan and all types of Direct loans go to https://studentloans.gov.

Holy Apostles is happy to offer a payment plan to our students for a nominal fee. Please read the Payment Plan Agreement that outlines the details. If you would like to proceed with setting up this plan, please contact the Holy Apostles business office.

This plan is valid for one semester. Therefore, each semester that you intend to use our Payment Plan option, you must contact Reverie to reinstate it.

**Maryland students please see this specific policy located at Maryland Refund and Complaint Policy**

Federal regulations require that the Return of Title IV Funds calculation be performed if any Title IV recipient withdraws from all classes prior to the end of the payment period. If a student has attended up through 60% of the payment period, the calculation will determine the earned amount of aid and any unearned aid must be returned. If a student has attended more than 60% of the payment period, s/he has earned 100% of federal aid scheduled; the Return of Title IV Funds calculation must be completed to determine if the student is eligible for a post-withdrawal disbursement.

Students must complete a formal withdrawal or leave of absence process. The Business Office forwards to the Financial Aid Office the withdrawal date, date of determination and the exact amount of disbursed funds. Any funds awarded but not yet disbursed are detailed in the student’s financial aid file. The Return of Title IV calculation is performed by Financial Aid within 15 days of notification by the Business Office of a student’s withdrawal.

The “Return of Title IV” (R2T4) form is used to perform the calculation, which is based on the payment period. The values of both disbursed aid and aid that could have been disbursed are included on the worksheet. The earned financial aid percentage is determined by taking the days attended in the period by the total days in the period. Subtracting earned aid from aid that was awarded and disbursed determines the amount of unearned aid that must be returned. The responsibility to repay unearned aid is shared by the College and the student in proportion to the aid each is assumed to possess.

The College must return unearned funds, up to the amount disbursed, in the following order:

• Unsubsidized Stafford Loan
• Subsidized Stafford Loan
• PLUS (Graduate)
• PLUS (Parent)
• Pell Grant
• ACG
• National SMART Grant

The Business Office is notified of any funds to be returned. These funds are returned to the fund source within 45 days of the date the College determined the student withdrew.

Any unearned loan funds the student (or parent, in the case of a PLUS loan) is required to return are repaid in accordance with the terms of the promissory note. Unearned grant funds the student must return are classified as an overpayment. Students must repay half of the unearned amount of any grant overpayments. Effective 7/1/2006, as a result of the enactment of the Higher Education Reconciliation Act of 2005 (HERA), the student is not required to return an overpayment amount that is $50 or less.

Students are notified that a Return of Title IV calculation was performed through a letter that provides an overview of the process and any changes to their award. Included with this letter are exit counseling instructions, as necessary. The letter is mailed within 30 days of the date the College determined that the student withdrew.

Post-Withdrawal Disbursements
Earned aid that has not been credited to the student’s account qualifies as a special kind of late disbursement, called a post-withdrawal disbursement. The student’s (or parent’s, in the case of a Parent PLUS loan) authorization must be obtained before disbursing any loan funds. Grant funds may be disbursed to the student’s account without permission to cover the cost of current charges. Post-withdrawal grant disbursements which result in a credit balance on the student’s account require the College to notify the student that the funds are available.

Both the authorization to disburse post-withdrawal loan funds and the notification of the availability of a post-withdrawal credit balance are made in writing to the student (or parent, in the case of a Parent PLUS loan). The authorization/notification includes the type and amount of the funds, the right of the student to accept or decline all or a portion of the disbursement. Also included in the authorization to disburse loan funds is an explanation that the student (or parent) is required to repay the funds in accordance with the terms of their promissory note. The notification/authorization states a deadline by which the student (or parent) must respond, or the College is not obligated to make the disbursement. Each stage of the post-withdrawal process is documented in the student’s file.

Leave of Absence
Due to the fact that the College’s leave of absence policy does not fit 34 CFR 668.22(d), students are considered withdrawn and a Return of Title IV calculation is performed.

Institutional Refund Policy
Separate from the Return of Title IV calculation is the College’s tuition refund policy. Refunds are granted through the Business Office upon written request by the student, through the official withdrawal process. Tuition refunds follow the schedule below:

The Department of Education measures successful student loan repayment through a 3-year Cohort Default Rate or CDR. A lower number indicates a better repayment outlook for previous Holy Apostles students. The school has consistently maintained a low CDR, and the most recent CDR published by the Department of Education for the institution is 2.4%.