Consortium Policy

Charter Oak State College allows students to take courses at eligible Title IV institutions throughout the United States. In order for these classes to be considered for financial aid, an approved consortium agreement must be in place between COSC and the visiting school before the published semester's deadline date as indicated on the agreement.

Under a consortium agreement, COSC is considered to be the student's home institution and is responsible for processing financial aid. The visiting school, also known as the host institution, is responsible for certifying enrollment status, providing course information, and tuition and fee costs.

 

 

Direct Loan Information
Time Limitation on Subsidized Direct Loans (for first time borrowers on or after 7-1-2013)

There is a limit on the maximum period of time (measured in academic years) that you can receive Direct Subsidized Loans. In general, you may not receive Direct Subsidized Loans for more than 150% of the published length of your program.

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Disbursement Policy
Financial Aid Academic Policies

A student can only receive financial aid for one repetition of a previously passed class.  This applies to undergraduate and graduate students.  

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Pell Grant Lifetime Eligibility Usage
Unusual Enrollment History Policy

The U.S. Department of Education has established regulations to prevent fraud and abuse in the Federal Pell Grant and Federal Direct Loan Program by identifying students with “unusual enrollment histories."  While most students flagged with an unusual enrollment histories have legitimate reasons for  enrollment at multiple institutions, the Office of Financial Aid is required to review their academic records.

The U.S. Department of Education has established regulations to prevent fraud and abuse in the Federal Pell Grant and Federal Direct Loan Program by identifying students with “unusual enrollment histories."  While most students who have been flagged with an unusual enrollment history have legitimate reasons for enrollment at multiple institutions, the Office of Financial Aid is required by law to review the academic records of all selected students.  

 

 

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Undocumented Students and Institutional Financial Aid

The Connecticut General Assembly has enacted legislation that allows undocumented students, who are Connecticut residents, to apply for institutional financial aid at state colleges and universities.  These students must meet certain eligibility requirements, per the state law.   

 

 

Withdrawal - Return of Title IV Policy

Understanding your responsibilities as a financial aid student is an important factor in achieving your educational goals at Charter Oak State College.  It will ensure that funding is available to assist you now and in future semesters.

Since financial aid is awarded on the understanding that you will complete all of the classes that you are registered for, changes in enrollment may affect your financial aid at any point in time during the semester.    The basic funding principle is that you “earn” financial aid through attendance in your semester classes.

Dropping, withdrawing, or simply not attending classes may result in negative adjustments to your current financial aid award.  It may also result in you owing  money to the college.   Even if you have received a financial aid refund check, as a result of excess financial aid dollars, you may be required to return all or a portion of the refund if more aid was disbursed than was “earned” by you. 

It is especially important to understand the College’s Title IV Refund Policy (R2T4) if you are thinking of dropping, withdrawing, or have stopped attending classes. As always, we encourage you to contact the Office of Financial Aid before you drop or withdraw from a course.

It is important to understand the College’s Title IV Refund Policy (R2T4) if you are thinking of dropping, withdrawing, or have stopped attending classes.

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This primer is a good resource for students thinking of withdrawing and how it may impact them financially, as well as academically. 

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