Financial Aid

Edgewood College does not discriminate against applicants on the basis of race, color, age, sex, religion, handicap, sexual orientation or national or ethnic origin.

Student Eligibility

In order to receive financial aid, students must:

1. Be accepted for admission to an eligible “degree” or “license seeking” program. (Institutional Certificate programs are NOT eligible for financial aid).
2. Register for at least ½ time each semester at Edgewood College. ½ time is a minimum of:
   • Six (6) credits for undergraduate, college completion, post baccalaureate and graduate/doctoral license students
   • Three (3) credits for graduate and doctoral students.
3. Maintain satisfactory academic progress as described later in this section.
4. Be a U.S. citizen or permanent resident of the U.S. and/or its territories (eligible non-citizens will be asked to provide proof of residency).
5. Must not have been recently convicted under federal or state law of sale or possession of drugs.
6. Confirm selective service registration (males only)

Applying for Financial Aid

To apply for financial aid at Edgewood College, students must complete a Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov.

Applying early is the key to maximizing the number of aid programs for which students will be considered. The College’s priority filing date is December 1.

Leave of Absence Policy

Students interested in taking a leave of absence must initiate the process through Student Health Services or Personal Counseling Office. If a student with financial aid takes a leave of absence, a Return of Title IV Funds will be calculated, see “Financial Aid Refund Policy” below.

Financial Aid Refund Policy

The Financial Aid Refund policy was developed in accordance with the 1998 Reauthorization of the Higher Education Amendments. Please note that this is a separate policy from the tuition refund policy and schedule of the Business Office.

If a student withdraws from the College on or before 60% of the semester is completed, a percentage of federal financial aid funds received by the student shall be returned by Edgewood College, and possibly the student. The following formula will be used in determining the amount to be returned:

Total Title IV aid disbursed (including aid that could have been disbursed)

- Earned Aid [Title IV Aid Received (excluding Work-Study) X % of Semester Attended = Earned Aid]
___________________________________

= Aid that must be returned

At the time of withdrawal, the College returns the financial aid funds it is required to return. In certain situations, a student may be asked to repay financial aid funds they received that semester as a result of a previous credit balance. A copy of the Return of Title IV Funds policy is available from Edgewood Central.

If a student unofficially withdraws, simply stops attending class or earns no credits, the return-of-funds rules apply and aid is sent back to the appropriate program. Often the semester midpoint will be used as the last day of attendance unless otherwise documented.

Please Note: This policy is separate and distinct from the College’s tuition refund policy.

Types of Financial Aid

For more information regarding the various types of financial aid visit https://www.edgewood.edu/admissions/tuition-and-financial-aid.

Student financial aid awards may be adjusted if the student’s tuition is covered 100% by veteran benefits/programs. Veterans in this situation are eligible for Edgewood College Academic Scholarships.

Edgewood College academic scholarships and Wisconsin grants are tuition-specific.

Satisfactory Academic Progress

All financial aid recipients are required to meet the satisfactory academic progress standards established by Edgewood College, per federal regulations. This policy is separate from the College’s academic standing policy and is monitored at the end of each academic term.

1. Students must maintain a minimum cumulative grade point average of 2.0 for undergraduate and 3.0 for graduate or doctoral programs.
2. Students must not exceed the maximum length of time to receive aid.  See link below for details.
3. Students must earn 70% or higher of the cumulative number of credits attempted. (Courses with a grade of “W” are considered attempted, but are not considered earned.)

For a complete explanation of Satisfactory Academic Progress procedures, definition of terms and conditions, and examples go to:  https://www.edgewood.edu/admissions/tuition-and-financial-aid/understand-your-aid>Satisfactory Academic progress.