Financing

 

Whatever your financial situation may be, Barclay College hopes to make it manageable for you to become a part of our community. As a student, you could be eligible for a tuition scholarship, Federal Pell Grants, and/or loans. Follow the steps below to establish your financial aid account. It is important that you start the process early so your file can be completed before classes begin.

Step 1 -  Click here to go to fill out your FAFSA

Students interested in financial aid should complete a Free Application for Federal Student Aid (FAFSA) to determine what they are eligible to receive. You can fill out your FAFSA online by clicking the button above. Barclay College school code is 001917.

Step 2 - Apply for a loan

Students interested in a loan will need to complete an Entrance Interview, Master Promissory Note, and pick a lender.

Step 3 - Net Price Calculator

Students in the financial planning process may want to use this calculator to get an idea what they personally will be paying at Barclay College.

Contact Ryan Haase, Financial Aid Director, for more details.

Breakdown of Costs

Scholarships

Loans/Federal Aid

Barclay College participates in the Federal Family Education Loan Program. Students interested in taking out a loan to help finance their education at Barclay may apply online with our preferred lenders. All lenders offer applications that can be completed and signed online.

Apply for a Federal Loan

Federal Subsidized Stafford Loan

This is a long term, low-interest loan designed to provide students with additional funds for school. The interest is paid by the government while the student is enrolled at least half-time. This is a need-based loan as determined by the FAFSA. The loan does not go into repayment until 6 months after graduation or dropping below half-time. The student must repay this aid.

Federal Unsubsidized Stafford Loan

This is different from the subsidized loan in that the student is responsible for the interest on the loan amount while still in school. Interest can be paid as you go, or it can be added to your loan amount. This is a non-need-based loan as determined by the FAFSA. The loan does not go into repayment until 6 months after graduation or dropping below half-time. The student must repay this aid.

Parent Loan for Undergraduate Students (PLUS)

Parents of dependant students that have filed a FAFSA may apply for a loan for their child's education. The repayment begins 60 days after receiving the loan. Interest rates are currently at 6.8%. This is a credit-based loan. If a PLUS loan is denied, the dependent student will be treated as independent for the calculation of loans.

Veteran's Benefits

Barclay College is approved to offer education to veterans eligible to receive Veteran's Benefits. Information on veterans' educational benefits is available on the U.S. Department of Veterans Affairs website www.gibill.va.gov. You may obtain an application from the Financial Aid Office.

Financial aid for active and reserve members of the military forces is available through the DANTES (Defense Activity for Non-Traditional Education Support) program. Contact your service's Education Center or your unit education representative. Information is available on the DANTES website www.dantes.doded.mil.

Alternative Loans

Sometimes the standard loans are not enough for students, this is where alternative loans become an option. These loans have a higher interest rate than the Stafford and PLUS loans. We do not add these to the award letter unless a student specifically asks. More information is in the Student Financial Services Office.

Policies

How to Apply for Financial Aid

• Apply for admission to Barclay College. A financial aid package will not be awarded until acceptance is finalized. The application for admission is also the application for institutional merit-based financial aid, but not for need-based or federal financial aid.
• Complete the Free Application for Federal Student Aid (FAFSA). The FAFSA can be obtained from high school counselors or by writing or phoning Barclay's Student Financial Services Office (607 N. Kingman, Haviland, KS 67059, 1-800-862-0226). It can also be completed online at the FAFSA web site. Some financial aid sources have limited funding; therefore it is important to complete this application early.

Other Important Information

• The Student Financial Services Office may be required by the federal government to request income tax information from some students and their parents.
• Students are encouraged to energetically pursue all sources of aid. High school counselors, libraries, and Barclay's Financial Aid Director can provide students with information on available grants and scholarships.

Satisfactory Academic Progress

Federal regulations require the College to establish and apply reasonable standards of satisfactory progress for the purpose of the receipt of financial assistance under the programs authorized by Title IV of the Higher Education Act. The law requires institutions to develop policies regarding satisfactory academic progress (SAP) for each degree program and the consequences to the student if progress is not achieved. Barclay College students who wish to be considered for financial aid must maintain satisfactory progress in their selected course of study as set forth in this policy.

Institutional Policy

The Financial aid Office evaluates student academic progress at the beginning of each award year. Students are evaluated on the basis of grade point average (GPA), credit hour completion, and maximum time frame limitation. (see academic probation policy)

If a student fails to achieve the minimum required cumulative GPA during a probationary semester, the normal result is academic suspension which involves complete separation from the College for at least one subsequent semester. Students may be granted permission by the faculty to continue on academic probation if they have made satisfactory progress toward achieving the required minimum cumulative GPA. This possibility remains as long as the GPA is improved. If it is lowered or remains unchanged, the academic suspension will be enforced.

If the faculty grants a student permission to return the following semester, then the student may be eligible financial aid.

1. Grade Point Average
   
   

   With a completion of	1-24 hours	22-55 hours	56 or more hours
   A minimum GPA of	1.75	1.90	2.00

2. Credit Hour Completion
   Students are also required to meet a measure of incremental progress. Students must: maintain a cumulative grade point average of at least 67% (courses used here will be those in which the student is enrolled at the official reporting date (20th class day).


3. Maximum Time Frame Limitation (Degree Completion)
   Students are also subject to a quantitative measure of progress. Students must: maintain a cumulative maximum time frame of at least 67% (courses used here will be those in which the student is enrolled at the official reporting date (20th class day)

Institutional Procedures

Students are notified of the Satisfactory Academic Policy (SAP) in the Barclay College Academic Catalog. In addition, a SAP policy letter is mailed to aid recipients with each award letter.

1. Denial
   A student will be denied assistance if any of the following occurs:
   1. The student's GPA is below the minimum requirements as defined above
   2. The student does not make the incremental progress as described above.
   3. The student reaches the maximum time frame for completion of his/her program as defined above.
2. Probation
   A student will be placed on probation if the cumulative grade point average is not met or if the cumulative maximum timeframe is not achieved.
   A student seeking to reestablish eligibility of financial aid may do so by:
   1. Achieving the required GPA.
   2. Appealing the financial aid decision.

Appeal Process

Any student denied financial aid that can prove special circumstances pertaining to his/her case, may appeal the decision denying aid.

Consequences of Denial

Students who do not maintain satisfactory academic progress lose eligibility for aid for the entire academic year. Exceptions must be approved and documented in the student's file.

Other Links

FAFSA on the Web
http://www.fafsa.ed.gov

Pin Registration Homepage
http://www.pin.ed.gov

Selective Service Homepage
http://www.sss.gov

National Student Loan Data Systems (NSLDS) for Students
http://www.nslds.ed.gov

Federal Student Aid Portal
http://studentaid.ed.gov

FinAid Homepage
http://www.finaid.org

Veteran's Benefits
http://www.gibill.va.gov