Eligibility for Puget Sound scholarships and grants is limited by the following policies.
- Puget Sound scholarships and grants are awarded for the entire academic year and will be divided equally between the fall and spring semesters. Scholarships and grants cannot be applied to summer enrollment.
- Puget Sound academic scholarships, Puget Sound Grant, Puget Sound Scholarship, and Puget Sound Opportunity Grant are available for up to 10 semesters. Named scholarships are available for 8 semesters. A semester of eligibility is counted if any portion of the award is used.
- Puget Sound scholarships and grants require that you be enrolled each semester as a full-time student for at least three (3.0) units per semester.
- Puget Sound scholarships and grants may only be applied towards the cost of Puget Sound tuition. If you receive other scholarships, grants, stipends, tuition remission or tuition exchange assistance designated to be used only for tuition and the sum of these awards exceed the cost of tuition, your scholarship or grant will be reduced or withdrawn until the amount of your tuition designed scholarship dollars equal the amount of tuition.
- The total amount of need-based federal, state, or university scholarship and grant aid received cannot exceed financial need.
- The total amount of aid received from all sources cannot exceed the cost of attendance.
If a student's financial aid award must be reduced, the reductions occur in the following order: need-based loan assistance, work-study employment, and finally grant assistance.
Federal and state regulations require that students meet satisfactory academic progress (SAP) toward completing a degree in order to receive financial aid (scholarships, grants, loans, and work-study opportunities). Puget Sound applies these same standards for establishing eligibility for institutional scholarships and grants, including any additional criteria specific to a named scholarship. Requirements of satisfactory academic progress apply to the entire period of attendance at Puget Sound, even though students may not have received financial aid for some periods of enrollment.
Rights & Responsibilities
It's important to know your rights and responsibilities as they relate to applying for and receiving financial aid.
You have the right to ask a school:
- What it costs to attend, and what its refund policies are if you drop out
- What financial help is available, including information on federal, state, and school financial aid programs.
- What the deadlines are for submitting applications for each of the financial aid programs available; and what criteria are used to select financial aid recipients.
- How individual financial need is determined. This process includes how costs for tuition and fees, room and board, transportation, books and supplies, personal and miscellaneous expenses, etc., are considered in your budget.
- What resources (such as parental contribution, other financial aid, personal assets, etc.) are considered in the need calculation; and how much of your financial need, as determined by the school, has been met;
- To explain the various programs in your financial aid package and how and when you will receive your aid.
- What portion of your financial aid must be repaid, and what portion is grant aid. If the aid is a loan, you have the right to know the interest rate, the total amount that must be repaid, payback procedures, the length of time you have to repay the loan, and when repayment is to begin.
- How to apply for additional financial aid if your financial circumstances change resulting in increased need.
- About the effect outside scholarships may have on your financial aid award.
- How the school determines whether you are making satisfactory academic progress and what happens if you are not.
It is your responsibility to:
- Review and consider all information about a school's program before enrolling.
- Know and comply with the deadlines for application or reapplication for aid, and with the school's refund procedures.
- Respond promptly and return all requested additional documentation, verification, corrections, and/or new information to Student Financial Services or the appropriate agency.
- Read, understand, accept responsibility for and keep copies of all forms and agreements you sign.
- Notify the school of changes in your name, permanent mailing address, marital or enrollment status. If you have a loan, you must also notify your lender of these changes.
- Perform in a satisfactory manner the work that is agreed upon in accepting a Work Study award.
- Maintain satisfactory academic progress according to the school's policies and standards.
- Repay any student loans you have. When you sign a promissory note, you are agreeing to repay your loan.
- Complete loan entrance counseling before you receive your first loan disbursement - and exit counseling before you leave school.
- Know the financial aid penalties for drug sale and possession convictions.