Financial Aid Information Specific to Coronavirus
Students and families who are experiencing financial issues and would like to discuss options should feel free to contact the Financial Aid Office at 724-805-2555 or by emailing email@example.com.
What if a family member has lost income due to Covid -19?
The FAFSA for the 2020-21 school year must be completed initially using the family's 2018 income information. Financial aid administrators (FAA) have statutory authority to use professional judgment to make adjustments on a case-by-case basis to the cost of attendance or to the data used in calculating the EFC to reflect a student’s special circumstances, such as using 2020 estimated income as opposed to 2018 income. The use of professional judgment where students and/or their families have been affected by COVID-19 is permitted, such as in the case where an employer closes for a period of time as a result of COVID-19. In making professional judgment determinations, FAAs must obtain documentation and retain it in each student’s file. This documentation must substantiate the reason for any adjustment. Examples of documentation we may request are: current year income statements, such as pay stubs and unemployment compensation determinations or other items based on individual circumstances as determinations must be made and documented on a case-by-case basis. Students/families finding themselves in this situation should contact our office. We can make a determination if you meet the criteria for the adjustment and provide you with the appropriate forms for reconsideration for federal and PA state aid if applicable.
Satisfactory Academic Progress:
At the end of each spring semester, all students must meet SVC's Satisfactory Academic Progress requirements to continue to be eligible for financial aid. Information regarding SAP can be found on our website. Basically, all students must meet a 2.0 cumulative GPA (1.5 for students completing their freshman year) and must have successfully completed 67% of total credits attempted. Students that have not met the minimum standards are initially not eligible to continue to receive aid, but students may appeal the decision. The appeal may be based on an injury or illness of the student, the death of a family member, or other special circumstances. Circumstances related to an outbreak of COVID-19, including, but not limited to, the illness of a student or family member, compliance with a quarantine period, or the general disruption resulting from such an outbreak may form the basis of a student’s SAP appeal.
Suspension of interest charges and loan repayment requirements:
On March 27, 2020, Congress passed, and the president signed into law, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which provides for the above relief measures through Sept. 30, 2020. On Aug. 8, 2020, President Trump directed the Secretary to continue to suspend loan payments, stop collections, and waive interest on student loans held by the Department of Education until Dec. 31, 2020.
Borrowers may contact their loan provider for more details. If you do not know who your provider is or how to contact them, visit StudentAid.gov/login or call 1-800-4-FED-AID (1-800-433-3243) TTY for the deaf or hearing-impaired (1-800-730-8913) for assistance.
SVC Financial Aid and Billing:
Students may view their financial aid and billing statements, print a statement of account or financial aid notification at any time by logging into SVC Financial Aid and Billing Self Service
For social distancing purposes, students/families are encouraged to contact the Financial Aid Office and Business Office by phone or email.