To receive your financial aid funds, you must:
Your financial aid will be applied to your tuition directly before refund checks are mailed or direct deposited. You can see the pending financial aid on MyHub — choose "My Bill” under Student Links, then “Account Activity.”
All Semesters | |
---|---|
Full time | 12 credits |
3/4 time | 9-11.5 credits |
1/2 time | 6-8.5 credits |
Less than 1/2 time | 5 credits or less |
You'll set up your direct deposit information in MyHub:
Things to keep in mind about your direct deposit
If you choose not to set up a direct deposit, the balance of financial aid will be mailed to your local address on file when your attendance is verified. Please allow 3 – 5 business days to receive the check via mail. Checks must be cashed within 90 days of issue.
Federal regulations require students to make reasonable Satisfactory Academic Progress (SAP) in their course of study in order to continue to receive financial aid funds.
If any amount of tuition is paid with funds from a Title IV Program and the student withdraws during the established refund period, the Title IV program funds will be adjusted and any unearned aid will be returned in the following order: Loans: Federal Unsubsidized, Federal Subsidized, and Federal Plus. Grants: Federal Pell Grant, Federal Supplemental Educational Opportunity Grant and Other Title IV programs. Under federal law, Kirkwood must return the funds as soon as possible, but no later than 45 days after Kirkwood determines the student’s withdrawal date.
A student’s financial aid is based on the number of classes the student is enrolled in and the number of days the student is enrolled in classes. When a student initiates a withdrawal from one or more classes, the amount of financial aid the student is eligible to receive is affected. The Return of Title IV funds to the federal government is based on a calculation that determines how much aid the student is eligible to receive and how much the student is no longer eligible for because he/ she is no longer enrolled in school. This calculation is applicable until the student has completed more than 60 percent of the semester. Once the student has completed more than 60 percent of the semester, all financial aid is considered earned.
For example:
If a student completed 20 percent of the semester, the student will have earned 20 percent of the financial assistance awarded for the semester. Any aid above and beyond the 20 percent is considered unearned and must be returned to the federal government.
As prescribed by federal law, Kirkwood is required to return the lesser of:
As prescribed by federal law, the amount the student must return is:
If the student is required to repay unearned Pell and/or SEOG Grant funds, the law provides that the student is only required to return grant funds if the final grant overpayment amount exceeds 50 percent of the total grant assistance the student received for the payment period.
Any unearned grant money must be repaid by either making arrangements with Kirkwood or with the U.S. Department of Education.
If a student withdraws from Kirkwood prior to completing 60 percent of the semester, the student is responsible for paying any outstanding tuition and fee charges that remain after Kirkwood has repaid any unearned financial aid to the federal government.
If there is aid available after your tuition has been paid, you may use that amount at the bookstore as long as you have your EagleCard and book list.
First time Stafford Loan borrowers’ loan funds cannot be deposited/mailed until the mandatory 30-day wait period from the start of the semester ends. However, those funds are available at the bookstore if the loan has been accepted and all checklist steps are completed.
You can view your amount available at the bookstore by clicking Account Summary in MyHub and scrolling down the page.
“I chose to attend Kirkwood because of its affordability, the scholarship opportunities, and the friendly environment of people who work with the students each day.”
Mckenzie Feld,
Robins, Iowa
If you have any questions, contact the Financial Aid Office:
Monday – Friday, 8 a.m. – 5 p.m.
Phone: 319-398-7600 or 1-877-386-9101
Fax: 319-398-4928
Email: Financial Aid - financialaid@kirkwood.edu
FAFSA School Code: 004076
Location: 3rd Floor Iowa Hall
Mailing Address:
Kirkwood Community College
Financial Aid Office
6301 Kirkwood Blvd. SW
Cedar Rapids, Iowa 52404