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Student Financial Planning Services and Policies
The Art Institute of California — Sacramento has a Student Financial Services Office where students and their families develop a financial plan to help ensure students' completion of their programs. Specialists from this department help students to complete applications for grants and loans applicable to students' circumstances. Financial aid is available to those who qualify.
Once a student's eligibility for financial assistance has been determined, the student and the financial aid officer develop a plan for meeting educational expenses. Students may apply for scholarships, grants, or loans to assist with college expenses. Scholarships and grants are sums of money given to an eligible student to be applied toward the student's educational costs. Students do not repay scholarships or grants, but must meet specific requirements to receive them. Various loans are also available to assist students with educational costs. These loans must be repaid according to specific terms. All students who receive federal or state sponsored financial assistance must maintain satisfactory academic progress as defined above, for financial assistance eligibility.
Federal Student Financial Aid
The purpose of federal student financial aid programs is to ensure that eligible students have an opportunity to obtain a college education, and that no student will be denied that opportunity because of lack of funds. Central to the purpose of financial aid is the belief that students and their families, to the extent possible, have the primary responsibility to pay for the student's college education.
Financial aid is made available to assist students when family resources are not sufficient to meet college costs. All students are to be treated fairly and equitably by applying policies and procedures for determining eligibility consistently. Though applicants are encouraged to seek financial aid, students should not rely solely on these monies to support themselves throughout the academic year.
Students receiving any form of financial aid are required to meet standards for academic progress and attendance. Proof of such progress on a periodic basis is verified prior to any disbursements of financial aid. Failure to make satisfactory academic progress or satisfactory attendance requirements may result in the termination or reduction of financial aid.
Though The Art Institute of California — Sacramento financial aid staff is responsible for accurate distribution, explanation, documentation, and validation of financial aid requirements, it is the student's responsibility to comply with all requests in a timely fashion if the student wishes to continue receiving benefits. Federal aid grants are awarded on a fiscal year basis, beginning July 1 and ending June 30. Some applicants may need to complete the application process twice during an academic or calendar year.