The charges outlined above do not include the usual annual estimates for books, supplies, clothing, travel, medical and other personal and social expenses. These estimated expenses are:

All charges for tuition, room and board, as well as activity and course fees are billed by the semester and are payable in advance: $6,275 per semester in 2007-2008; $6,550 per semester in 2008-2009; and $6,825 per semester in 2009-2010.

If a student is indebted to the College for room, board, tuition and fees, or is in default on any student loans, the student’s diploma, recommendations and academic transcripts will be withheld until the debts and loan defaults have been resolved.

Upon withdrawal from the College, tuition and room and board are refunded on a day-by-day prorated basis, minus a $100 administrative recovery charge. When 60% of a semester has expired, there will be no refund.

Divine Word College requires that all students have medical insurance coverage. Those not covered by an individual or parental health plan must purchase medical coverage. The insurance premium can be covered by student financial assistance. The College does not assume liability in case of medical care or loss or damage of personal property. For more information, contact the Financial Aid Office.

Any duly qualified applicant, sincerely interested in studying for the priesthood or brotherhood as a Divine Word Missionary, will never be turned away for lack of money. While expecting students and their parents to pay what they can reasonably afford, Divine Word Missionaries will assist them in obtaining the necessary financial aid.

For the Four-year program, the minimum  intervals of progress are as follows:

 For the ESL program, the minimum yearly intervals of progress are as follows:

 

Ineligibility:

A student is considered making unsatisfactory progress and is declared ineligible for Title IV student aid programs if he fails to meet either the quantitative and qualitative standards. The student then:

• Is subject to the regulations for Academic Probation as given in the Student Handbook and College Catalog.

• Has the right to appeal to the Committee on Student Activities and Welfare and to the President.

 

Specific Information:

• Under normal circumstances courses with Incomplete (I) grades are resolved within three weeks after the last day of exams for that semester and therefore have no impact on eligibility.

• Course withdrawals are not counted toward minimum credit hours completed.

• Repeated courses are counted only once in credit hours completed.

• Non-credit class hours of developmental courses are counted as credits completed for the first year only: in subsequent years they are not counted toward the minimum requirement of credits successfully completed.

• Exceptions to the Standards of Satisfactory Program may be made by the Committee on Student Activities and Welfare (or the President in case of appeal) in cases of documented, extenuating circumstances.

 

Reinstatement of Federal Student Financial Aid:

Reinstatement of Federal Student Financial Aid is determined by petitioning the Commit tee on Student Activities (with an appeal to the President).  In the petition, the student must document attainment of necessary credit hours and GPA.  The student must also provide a signed, dated plan for keeping the GPA at the required level.

• Federal and State Financial Aid Programs Available at Divine Word College

• Federal Pell Grants, provide for grants to students of up to $4,310 for the 2007-2008 award year. Federal Pell Grant awards  will depend on federal funding.

 

• Federal Supplemental Educational Opportunity Grant (FSEOG) is a federal aid program that provides assistance for students with need. The grants may range from $100 to $2,000 a year.

 

• The Work-Study Program is a federal (FWSP) or state (IWSP) program with proportionate shares of funds provided by the federal or state government and by Divine Word College, which enables students with demonstrated financial need to work on campus while in attendance normally at the rate of $7.25 per hour or minimum wage, whichever is higher for maximum award of $1,600 per academic year to pay for part of their educational expenses.

 

• The Federal Perkins Loan Program is a cooperative loan program between the federal government and Divine Word College that is administered directly by the Financial Aid Office of Divine Word College. The cumulative maximum amount of Perkins Loans a student may borrow is limited to $4,000 per year and $20,000 for all undergraduate studies. Generally, students at this institution borrow no more than $2,000 per academic year. In no case shall the amount borrowed exceed the demonstrated financial need. A simple interest of 5 percent per year is charged on the unpaid principal beginning nine months after the student graduates or withdraws.  Repayment can be extended over a 10-year period. Deferment of payments are available while serving in the Armed Forces, VISTA or the Peace Corps. Loan cancellation is allowed for the years the borrower is in the Armed Forces in areas of hostilities, or serves as a full-time teacher of the handicapped or preschool students in the Head Start programs, or in schools where 30 percent of the students come from low-income families.

 

• The Federal Subsidized Stafford Loan Program enables students with financial need to borrow up to $2,625 for the first year, $3,500 for the sophomore year and $5,500 for each of the junior and senior years to an undergraduate cumulative maximum amount of $23,000. These yearly maximum amounts may be less if you receive other financial aid to cover a portion of your cost of attendance. A guarantee and/or origination fee of up to four percent will be charged and deducted proportionately from each disbursement of the loan to offset the federal interest subsidies. Repayment of these loans begins six months after the student graduates or withdraws. The interest rate could change each year on July 1 depending on the changes to the federal treasury bill interest rate, but will never exceed 8.25 percent.

 

• Iowa Tuition Grants (ITG) are offered by the State of Iowa to help needy Iowa students pay their tuition and fees at Divine Word College.  Presently, the maximum Iowa Tuition Grant at Divine Word College is $3,500 for each year of undergraduate, full-time enrollment. This grant is obtainable for a maximum of four years or eight semesters. All Iowa students, regardless of parental income, are urged to apply each year because of changes in legislative appropriations and the number and income levels of the applicants.  Applications should be filed by June 1 before the academic year in which the student wishes to receive a grant.

 

• Pennsylvania Higher Education Assistance Agency Grant: The State of Pennsylvania offers to bona fide residents from low and middle income families enrolled at Divine Word College, a study grant based on need. Present deadlines for renewing applications are May 1, while the deadline for first time applications is August 1.  For information and application forms, call: Pennsylvania Higher Education Assistance Agency at 1-800-692-7435. 

 

• Vermont Incentive Grants: Incentive Grants are awarded to assist Vermont residents with their college expenses. Grants are determined on the basis of financial need rather than academic excellence. Students who are attending or plan to attend an accredited college in or out of state are eligible to apply for an Incentive Grant. For additional information and application forms, contact your high school guidance counselor or: Vermont Student Assistance Corporation, Champlain Mill, P.O. Box 2000, Winooski, VT 05404-2601, (800) 642-3177, FAX: (802) 654-3765 or e-mail: info@rsac.org.

Further information about student finances is available from: