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A Title IV School Code is designated by the U.S. Department of Education. All schools that are able to offer federal financial aid are issued this code. The Title IV School Code for all Hope International University is:
All records are held in strict confidence. Information related to your financial aid, or accounting files will be released only to you and only with proper identification. If you want other parties (including your spouse) to have access to this information, you must indicate on the Online or Graduate Authorization Form.
Additional funds may be available through one or more of the following sources:
The maximum amounts available are listed below.*
Freshman (0-30 units)
Sophomore (31-60 units)
Junior/Senior (61 units and above)
*Please note: Maximum amounts are listed above; you may or may not qualify for the maximum.
You can still apply for federal aid even if you will receive 100% company reimbursement for tuition and books. However, estimated company reimbursement, VA benefits, and outside scholarships must be taken into account when aid eligibility is determined.
You must contact your current loan servicer(s) and request an "In-School Deferment Form". You will need to complete and mail the form to our Academic Records Department at Hope International University. The form will then be completed and returned to your loan servicer(s) once your class has started.
Each year you must re-apply for financial aid by completing your FAFSA. The FAFSA is available online each January for the next school year.
In order to have your tuition payment deferred until the award process can be completed, you must have the following documents on file before you begin class:
Your Award Letter will indicate the date of disbursement of your financial aid. Disbursements are initially scheduled 8-11 weeks after the beginning of each semester or at the time it is determined the student has maintained enrollment and been assessed charges for at least 6 units within that semester. Many factors can delay a disbursement. These include, but not limited to, incomplete financial aid file, and/or change in enrollment.
Your loan funds will be disbursed directly to Hope International University either electronically or by paper check. Your Loan Information Checklist or on-line entrance counseling results must be on file with our Financial Aid Office. You must currently be attending class before the scheduled disbursement will be released.
There are usually two disbursements per loan period: one each semester.
After all charges have been assessed and your financial aid has been received, if it is determined that a credit is available, you may request these funds by completing and submitting a "Student Refund Request" form. Once this form is received and the credit balance is available, a refund will be generated within 7-10 business days.
The federal policy for this is called "Return of Title IV Funds." These regulations govern the return of aid disbursed for students who completely withdraw from a term or payment period. During the first 60% of the payment period, you will "earn" aid in direct proportion to the length of time you remain enrolled. The percentage of time that you remain enrolled determines the percentage of disbursable aid for that period. If you remain enrolled beyond the 60% point, you will earn all awarded aid for the payment period. If you plan to withdraw from a course or a program, you must notify our Student Services Office in writing. Institutional charges and financial aid are adjusted once the withdrawal date is determined. For more details, refer to the school policy.
Federal Direct Loan repayment begins 6 months after your last date of class attendance. The standard repayment term is 10 years, with a minimum monthly payment of $50. Federal PLUS loan repayment begins 60 days after the second half of the loan has been disbursed by the lender for the academic year.
If you experience a serious medical, family, or scheduling problem that you anticipate may affect your attendance for more than 30 days, you may request a Leave of Absence. Breaks in enrollment trigger a mandatory recalculation of your financial aid package. However, with an approved Leave of Absence, your financial aid award will usually stay the same and the award period will be extended. By federal regulation Leave of Absence must be approved prior to any break in attendance. This Leave is not to exceed 90 days per 12-month period. It is possible for more than one Leave to be granted, provided the total days of leave do not exceed more than 90 days per 12-month period.
Electronic signatures are not valid in this instance. In emergency situations, we may accept your written request after Leave has begun. Your loan repayment will not begin during this time period provided you have followed the steps necessary to gain an approved Leave of Absence. If you do not return from your approved Leave of Absence on your scheduled date, federal regulation requires that your financial aid award be recalculated and funds returned if necessary. Your lender will use your last day of class attendance prior to your Leave when calculating repayment scheduling.