Please read.
By clicking below, I acknowledge
that the estimate provided using this calculator does not represent
a final determination, or actual
award, of financial assistance, or a final net price; it is an
estimate based on price of
attendance and financial aid provided to students in a previous year.
Price of attendance and financial
aid availability change year to year. The estimates shall
not be binding on the Secretary of
Education, the institution of higher education, or the State.
Students must complete the Free
Application for Federal Student Aid (FAFSA) in order to be eligible for,
and receive, an actual financial aid
award that includes Federal grant, loan, or work-study assistance.
For more information on applying for
Federal student aid, go to http://www.fafsa.ed.gov/
Admissions and Records
| Guidance and CounselingProfessional counseling is available to assist students in establishing or clarifying appropriate educational and vocational goals, and to assist students with problems of social or personal nature. The counselors also offer assistance in career decisions. Student IssuesStudents may feel anxious, angry, lonely or depressed when faced with challenges and academic concerns. Many students are new to academic pressures and challenges in adjusting to the college environment. There are sometimes confusion and ignorance in options available for students. The college counselors are able to aide in the personal growth and adjustment, clarification of options available, and are a smart and healthy response to solving problems that may arise during the college experience.
EligibilityAll currently enrolled full or part-time students are eligible for counseling services. Those who are important in the student’s life such as a spouse, child or friend may be involved in the counseling process as well and do not have to be COM-FSM students. Sometimes alumnus may return seeking information or for minor problems, and services may be provided.
Financial Aid
Ignatius Haleyalig Director of Financial Aid Office Contact Financial Aid Office Federal Student Aid Programs Financial AidThe Financial Aid Office administers various types of financial assistance to help students pay for their educational expenses. Financial aid is provided by federal, state, and institutional sources and consists of grants, loans, and work study. Types of Financial AidFinancial assistance may be in the form of: GRANTS and SCHOLARSHIPS which do not have to be
repaid provided you attend classes, do not drop classes,
or withdraw from COM-FSM; and WORK-STUDY which provides opportunity to work and earn money for educational expenses. COM-FSM administers one U.S. federal student aid program (Title IV). To determine if you are eligible, the U.S. Department of Education uses a standard formula, established by the U.S. Congress, to evaluate the information reported on your Free Application for Federal Student Aid (FAFSA) or your Renewal FAFSA.
The formula produces an Expected Family
Contribution (EFC) number which appears on your Student
Aid Report (SAR) or Institutional Student Information
Record (ISIR). Your EFC helps determine whether you are
eligible or not. Upon receipt of your SAR or ISIR, the Financial Aid Office prepares an award letter that will advise you of the types and amount of financial aid you will be awarded as well as information on when the aid will be available to you. Federal Pell Grant is a grant to help undergraduates pay for their education. For many students, Pell Grant provides the foundation to which aid from other federal and non-federal sources may be added. Federal Pell Grant does not have to be repaid. The maximum award for the 2010 -2011 Award Year (July 1, 2010 to June 30, 2011) is $5,550. The amount you will receive depends not only on your EFC, but also on the cost of your attendance at COM-FSM; your enrollment status as a full-time, three-fourth-time, half-time, or less than half-time student; and the number of semesters attended during the academic year. Student Eligibility Requirements For Financial AidBefore receiving any federal student aid, you must meet the general eligibility requirements listed in this section, as well as those requirements which are unique to each program. In order to comply with the general eligibility provisions, you must:
Application Information and ProcedureApplication InformationTo be considered for financial aid at the College of
Micronesia-FSM, each applicant must complete and submit the required
documents and forms identified below following the instructions given.
Your application will not be processed until the required documents and
forms are received by the Financial Aid Office, and you have been
officially accepted into a COM-FSM degree/certificate program. All applications for aid and supporting documents should be
received by the Financial Aid Office at COM-FSM not later than June 1st
of each year. Applications received after this period will be
evaluated only to the extent to which funds are available. New students should apply for financial aid when applying for admission to college. Financial aid cannot be awarded to applicants who are not officially admitted and enrolled in college. Continuing COM-FSM students must reapply for financial aid each year. FINANCIAL AID IS NOT AUTOMATICALLY RENEWED OR AWARDED. Financial aid application forms, related materials, and information can be obtained from the Financial Aid Offices at the State Campuses. Apply as soon as possible after January 1st for financial aid for the next academic year. If you did not apply for federal student aid for the 2007-2008 School year, you can apply for federal aid for the 2008-2009 School Year by completing and mailing the 2008-2009 Free Application for Federal Student Aid (FAFSA), or completing the FAFSA on the Internet at http://www.fafsa.ed.gov. If you did apply for federal student aid for the
2007-2008 School Year and you have a valid U.S Social Security Number,
you will be able to file a 2008-2009 Renewal Free Application for
Federal Student Aid (Renewal FAFSA). You will either receive it at your
home address or from the Financial Aid Office. You may also file a
Renewal FAFSA electronically. If you apply by mail, your application will be processed
in approximately four weeks. Your Student Aid Report will be mailed to
the address you provided on the envelope. Review the information on
the SAR for accuracy, and if corrections are necessary, make them on
the SAR and mail it to the Central Processor or do so electronically at
http://www.fafsa.ed.gov. The SAR will report the information from your
application and, if there are no questions or problems with your
application, your SAR will report your Expected Family Contribution
(EFC), the number used in determining your eligibility for federal
student aid. Each school listed on your application will also receive
your Institutional Student Information Record (ISIR) electronically. If you apply electronically through a school, your
application will be processed within two to three days. The results
will be sent electronically to your school if the school can receive
the information electronically. You will also receive your SAR in the
mail. College of Micronesia-FSM at the National Campus has electronic
capability to process your FAFSA. The following steps must be completed by the June 1st deadline to receive priority for financial aid. Educational Expenses
Need Analysis : How Financial Need Is CalculatedAid from the federal student aid programs is awarded based on
financial need. Financial need is defined as the difference between a
student and/or his/her family's expected contributions and the
student's annual educational expenses. The steps for determining your
financial need are:
Need Equation: (Cost of Attendance) - (Expected Family Contribution) = Estimated Financial Need Example:
Award Packing PolicyOne of the major challenges of FAO is to
distribute the available financial aid resources, both
federal and non-federal, to best address the needs of all
students. This is done by preparing financial aid packages
for eligible students whereby aid from the various sources are
combined to help meet their financial need. College of Micronesia-FSM operates on a two-semester academic year (fall & spring semesters) and a summer session. The length of each semester is 16 weeks of instructional time and the length of the summer session is usually 6-8 weeks of instructional time. The College's academic year meets the minimum regulatory requirement which is 24 semester hours and 30 weeks of instructional time. The College also uses the minimum regulatory standard to determine the enrollment status as stated below:
COM-FSM Refund PolicyThis policy applies to all students. Refund for TUITION AND REFUNDABLE FEES will be determined according to the following schedule: Regular Semester (Fall/Spring):
Short Term (Summer):
Return of Title IV FundsThe Higher Education Amendment of 1998 regulates
how much a school must return to Title IV when a student
does not complete an enrollment or payment period. When a recipient of Title IV aid withdraws before completing 60 percent of the payment period or an enrollment period, the institution must calculate the amount of Title IV aid the recipient did not earn. Unearned Title IV funds must be returned to the Title IV programs. This policy applies only to students who completely terminate their enrollment at COM-FSM. Calculating Return of Funds
If you are planning to withdraw from COM-FSM,
please make an appointment with a Financial Aid Counselor
to discuss this "return of funds" policy and how it will
affect you. Records when you plan to withdraw from the College in order to be officially withdrawn. The withdrawal date is defined as follows: . last date of attendance when withdrawal process is complete. . if taking attendance is not required, the withdrawal date is: . the date the student began the withdrawal process prescribed by the school (General Catalog);
Special rule: The Financial Aid Office may determine the appropriate withdrawal date if the student did not begin the withdrawal process or otherwise notify the Office of Admissions and Records of his/her intent to withdraw due to: . illness, . accident, . grievous personal loss, and . other such circumstances beyond the student's control The school must return unearned aid for which the school is responsible by repaying funds to the programs in the following order: . Federal Pell Grant . Other SFA Programs If the College determines that there is unearned funds for which the student is responsible for returning, the College will notify/bill the student for the amount. The total unearned funds which the student owes must be returned before any future funds can be granted. If a student fails to return the full amount nor make satisfactory repayment arrangements with the College, the student will lose eligibility for federal student aid once it is reported to NSLDS by the College. Student RightsYou have the right to: . Know what financial aid programs are available at COM-FSM, including information on all federal, institutional, national, state, and local financial aid programs; . Know the deadline and procedure for submitting applications; . Know what the cost of attendance is and what the refund policy is; . Know the criteria used for selecting financial aid recipients; . Know how your financial need was determined; . Know what resources are considered in the calculation of your need; . Know how much of your financial need has been met; . Request an explanation of the various programs in your student package; . Know how and when you will be paid; . If offered a Work Study job, know what kind of job it is, what hours you must work, what your duties will be, what the rate of pay will be, and how and when you will be paid; . Know how the school determines satisfactory academic progress and what happens if you are not making satisfactory progress; . Know the name of the school's accrediting organization; and . Know who the school's financial aid personnel are, where they are located, and how to contact them for information. Students ResponsibilitiesYour responsibilities are to: . Review and consider all information about the school's programs before you enroll; . Pay special attention to your application for student financial aid, complete it accurately, and submit it on time to the right place; . Provide all additional documentation, verification, corrections, and new information requested by either the Financial Aid Office or the agency to which you submitted your application; . Read and understand all forms that you are asked to sign and keep copies for future reference; . Accept responsibility and comply with the provisions for all agreements that you sign; . Perform the work that is agreed upon in a satisfactory manner when accepting a work-study job; . Know and comply with all the deadlines for application or reapplication for financial aid; . Know how the school determines satisfactory academic progress; . Notify the Financial Aid Office immediately if you withdraw (or plan to withdraw) from school or reduce your enrollment; . Inform the Financial Aid Office of any changes in your status (change of residence or additional monetary assistance) during the academic year for which you are accepting financial assistance; . Use federal funds given to you only for direct and indirect educational expenses; and . Know and comply with your school's refund policy. Important TermsAcademic Year: A period of at least 30 weeks of instructional time during which a full-time student is expected to complete at least 24 semester hours. Award Letter: A notice informing you of being qualified for federal financial aid. The award letter provides information on the types and amounts of aid offered, as well as specific program information, your responsibilities, and the conditions which govern the award. Generally, the award letter gives you the opportunity to accept or decline the aid offered. Award Adjustment or Revision: An action by the Financial Aid Office resulting in an increase, decrease, program substitution, or cancellation of your award due to a change in your dependency status, financial circumstances of you or your family, or enrollment status. Award Packaging: The process by which the Financial Aid Office combines available aid from several sources to meet part or all of your financial need. Award Year: The period of time from July 1 of one year through June 30 of the following year. Eligible Program: A course of study that leads to a degree or certificate at a school that participates in one or more of the student aid programs. Expected Family Contribution: The amount that you and/or your family can reasonably be expected to contribute toward your education from income, assets, and your contribution or "self-help" from summer work or work during other vacation periods. Financial Aid Package: The total financial aid that a student receives from federal and/or non-federal sources such as grants, scholarships, and work-study employment. Financial Need: The difference between the cost of your education and your expected family contribution. Full-Time: A student registered for at least 12 credits per regular semester (Fall & Spring) and 6 credits (Summer). General Education Development Certificate (GED): A nationally recognized equivalent of a high school diploma, granted after a student passes a series of standardized examinations. Grants: Aid that does not have to be paid back. Half-Time: A student registered for 6-8 credits per regular semester. Independent Student: A student who falls into one of the following categories: (a) was born before January 1, 1985; (b) is an orphan or ward of the court; (c) is a veteran of the Armed Forces of the United States; (d) has legal dependents other than a spouse; (e) is married. One may also be determined to be an independent student on the basis of unusual circumstances documented by the aid administrator. Institution of Higher Education: A postsecondary institution which is a public, private nonprofit, or proprietary institution. A public or private nonprofit institution of higher education is an educational institution that is in a state and admits as regular students only persons who have a high school diploma, have the recognized equivalent of a high school attendance in the state in which the institution is located. Legal Dependent: Any person who lives with you, receives more than half-support from you, and will continue to receive more than half-support from you during the award year. Need Analysis: The process used to evaluate your financial situation to determine how much student aid you need to help meet postsecondary educational expenses. This involves both an evaluation of institutional costs and total resources available to you. Regular Student: One enrolled in an eligible program at an institution of higher education in order to obtain a degree or certificate. Satisfactory Academic Progress: See Satisfactory Academic Progress Policy Student Employment: A part-time job either on or off-campus. Three Fourth-Time: A student registered for 9-11 credits per regular semester. Unclassified Students Unclassified students may register in credit courses
for which they have the necessary background and in which
space is available. Students without the required
prerequisite(s) to a course as listed in the College of Micronesia-FSM
Catalog must attain permission of the instructor to enroll
in the course. Permission of the division chair may also
be required in selected courses or academic disciplines.
Ordinarily, unclassified students may register for no more
than eight (8) credits in an academic semester. Completing courses while under unclassified status does not constitute or guarantee admission to any degree program at COM-FSM. However, an unclassified student who has completed twenty-four (24) credits at the College with a minimum grade point average of 2.0 may apply to become regular status as a student seeking an associate degree. This application for degree seeking status must be made to and processed by the Admissions Board to ensure that the student is officially matriculated into the College. If admitted to regular status, the student may petition the Office of Admissions and Records to consider credits earned as an unclassified student be counted toward the degree. Regular application procedures for admission to degree programs apply at all times. Special ProgramsSpecial programs look into important aspects in a student's life. These encompass counseling, academic support services and tutoring programs that make sure of a student success in the College. Specific goals and objectives in regard to a student need and concern are targeted in each of these programs. Readmissions Students who are absent from school for at least an academic year (two semesters and a summer session) must apply for readmission. Applications for readmission must be submitted at least one month before the first day of instruction of the semester in which the student plans to return. Applications for readmission are considered on an equal basis with students applying for initial admission to the College. Students are readmitted upon the recommendation of the Admissions Board.
|