Aug 14, 2022  
2021 - 2022 Academic Catalog 
    
2021 - 2022 Academic Catalog [ARCHIVED CATALOG]

Tuition, Fees, and Financial Aid



Tuition and Fees

Expenses

Tuition and fee costs at Panola College are reasonable, because the school is supported both by the Texas state government and by the taxpayers of the Panola College Taxing District. Tuition, which is $33 per semester hour with a minimum charge of $60, falls well below the amount established by state law. Fee charges vary according to the student’s official place of residence, since a separate fee system exists for those individuals not paying property taxes to the College or for those who are not residents of the State of Texas. Fees also vary according to the courses taught as additional fees are charged for laboratory courses or may be charged for specialized courses which require additional lab fees, rental fees, clinical fees, liability insurance, and/or external achievement exams.

Residence Classification

In accordance with Texas law governing tuition charges, students who enroll at Panola College will be classified as Texas Residents, Louisiana Residents, Out-of-State Residents or International Residents. Texas residents will be classified as in-district or out-of-district residents. Tuition and fees will vary according to the residency established at the time of initial registration with the College. Individuals must be prepared to establish residency by signing an oath of residency and may be required to provide official documentation proving residency. Texas residents are those individuals living in Texas for the 12-month period immediately preceding the date of initial registration. Louisiana residents may take advantage of a reciprocity agreement which allows them to pay in-state tuition when enrolling at Panola College because of the school’s proximity to the two states’ common border. Out-of-state residents and international residents are individuals who have not resided in Texas for the 12-month period immediately preceding the initial date of enrollment. International (foreign, alien) students who are not permanent residents of the U.S. and have not been permitted by Congress to adopt the U.S. as their domicile while they are in this country are not granted Texas residency status.

In-District Residency

Citizens with legal residence status of the State of Texas, who are 18 years of age or older, who are financially independent from their parents or guardian and who reside within the boundaries of the Panola College taxing district for a 12-month period prior to the 12th class day of a long semester, the 4th class day of a summer session or the official census day for terms of varying length qualify for in-district residence status. Legal Texas residents under the age of 18 or Texas residents 18 years of age or older who are not financially independent from their parents or guardian are classified according to the residence status of their parents or guardian.

Legal residents who reside outside the boundaries of the Panola College taxing district, but own property within the taxing district and pay ad valorem taxes on that property, may have the difference between in-district and out-of-district tuition waived for themselves and their dependents.

Verification of property ownership shall be determined by an ad valorem tax statement or receipt issued by the tax office of the District; or by presentation of a deed, property closing statement or other appropriate evidence of ownership of property which is subject to ad valorem taxation by the District.

The following documents may be acceptable for determining in-district residency in support of the signed Oath of Residency (a minimum of two (2) documents are required):

  1. Texas Driver’s License
  2. Texas high school transcript
  3. Employer statement of date of employment
  4. Texas voter registration
  5. Lease agreement which includes student’s name and periods covered
  6. Property tax payments
  7. Canceled checks
  8. Utility bills
  9. Other as accepted by the Registrar

Notice of Excessive Undergraduate Hours

An institution of higher education may charge a higher tuition rate to an undergraduate student whose hours can no longer be submitted for formula funding. At this time, Panola College will not charge a higher tuition rate for Texas residents enrolling for courses that no longer generate formula funding.

Repeated Course Fees

The Texas Legislature has mandated that a course repeated by a student more than twice at a public institution of higher education may not be reported for state funding. As a result, the institution must either pass the non-funded portion to all students or charge a supplementary fee to the student who is repeating the course. Consequently, Panola College has chosen to assess a supplementary fee to only those students repeating the course more than twice. Courses in Preparatory Studies and English as a Second Language (ESL) are not affected by the supplementary fee.

For a course being “three-peated” (being taken for a third time), students will be charged $75 per semester credit hour ($225 for a 3-hour course) in addition to tuition and required fees associated with the course. Students will be notified at the time they register for a course that it has been taken twice at Panola College and is subject to the supplementary fee.

Panola College Tuition and Fees 2021-2022
(subject to change)
  Panola County  Out of District/Louisiana  Out of State/International 
Hours  Tuition  General Fees Total  Tuition  General Fees Out-of-District Fees  Total  Tuition General Fees Out-of-State Fees Total 
1 60 55 115 60 55 65 180 200 55 107 362
2 66 110 176 66 110 130 306 200 110 214 524
3 99 165 264 99 165 195 459 200 165 321 686
4 132 220 352 132 220 260 612 200 220 428 848
5 165 275 440 165 275 325 765 200 275 535 1010
6 198 330 528 198 330 390 918 200 330 642 1172
7 231 385 616 231 385 455 1071 231 385 749 1365
8 264 440 704 264 440 520 1224 264 440 856 1560
9 297 495 792 297 495 585 1377 297 495 963 1755
10 330 550 880 330 550 650 1530 330 550 1070 1950
11 363 605 968 363 605 715 1683 363 605 1177 2145
12 396 660 1056 396 660 780 1836 396 660 1284 2340
13 429 715 1144 429 715 845 1989 429 715 1391 2535
14 462 770 1232 462 770 910 2142 462 770 1498 2730
15 495 825 1320 495 825 975 2295 495 825 1605 2925
16 528 880 1408 528 880 1040 2448 528 880 1712 3120
17 561 935 1496 561 935 1105 2601 561 935 1819 3315
18 594 990 1584 594 990 1170 2754 594 990 1926 3510
19 627 1045 1672 627 1045 1235 2907 627 1045 2033 3705
20 660 1100 1760 660 1100 1300 3060 660 1100 2140 3900
21 693 1155 1848 693 1155 1365 3213 693 1155 2247 4095

This schedule does not include book costs, possible rental charges, lab fees, building use fees or room and board costs. Fees at Panola College are established in consultation with student representation. Individuals may use this schedule to estimate their tuition and the fee costs based on the number of hours taken and residency status. In the first column above, find the number of hours taken. Follow the line across the page to find the appropriate tuition and fee charge.

Class-Related Fees

Building Use Fee

(per semester hour; includes but not limited to Marshall College Center, Shelby College Center, Shelby Regional Training Center) $10

Health Science Programs

Associate Degree Nursing
(clinicals, labs, insurance)
$24-$400
Emergency Medical Technician/Paramedic
(clinicals, labs, insurance)
$24-$400
Health Information Technology
(clinicals, labs, insurance)
$24-$400
Medical Assistant
(clinicals, labs, insurance)
$24-$400
Medical Laboratory Technician
(clinicals, labs, insurance)
$24-$400
Occupational Therapy Assistant
(clinicals, labs, insurance)
$24-$175
Vocational Nursing
(clinicals, labs, insurance)
$24-$400
Regular Laboratory Fee $24
Science Laboratory Fee $24

Special Fees

Academic Course Fee $35
Chemistry Lab Insurance $20
Cosmetology (labs and insurance) $5-$50
Industrial/Petroleum Technology (per class) $75
Internet Courses (per semester hour) $15
Kinesiology $24-$75
Welding (per class) $75

Special Courses

Supplies and traveling fees $30-$1200
Private Instruction
(1 hours/2 hours)
$100/$200
Criminal Background Check $4-$50

Room and Meals*

Residence Halls:  
  Sharp Hall (Co-Ed Dorm) $2,645
  Student Apartments $3,265
  New Students Apartments (O’Neal) $3,365

*All are 19 meals weekly

Room/Board for Short Semesters

  Sharp Hall Student Apts New Apts
Minimester $144 $244 $264
Summer I $284 $409 $434
Summer II $284 $409 $434

See here for Residence Hall Refund Policy.

Additional Fees

Assessment Test Fee $30
  One Subject Retest $15
  Two or More Subject Retests $30
Class Change Fee $30
Deferred Payment Fee $30
Diploma Replacement Fee $25
Diploma Cover Replacement Fee $10
GED Test:  
  Complete Battery $145
  Retest (per subject retest) $36.25
I.D. Badge Replacement $10
Late Registration $30
“3-Peat” Repeat Fee (see p. 32) $75
Panola Card Replacement $25
Parking Fine $10-$290
Posting Credit by Exam:  
  Advanced Placement (per hour) $20
Process Record (subpoena) $50
Proctoring Correspondence Exams:  
  Currently Enrolled N/C
  Not Enrolled $20
Returned Check/Draft Fee $30

College Store Return and Buy Back Policies

Textbook Refund Policy

NO REFUNDS OR EXCHANGES WITHOUT AN ORIGINAL RECEIPT!

  • Textbooks can only be returned within ten days of the purchase date.
  • Books must be returned in NEW condition for a refund; all textbooks have a 30% restocking fee. Books with writing, highlighting, earmarks, bumped corners, etc., will be refunded at USED retail price. The Panola College Store reserves the right to refuse any item for refund based on condition in which the item has been brought back.
  • Books purchased shrink wrapped cannot be returned for any reason including class cancellation.
  • New or used textbooks with water damage are not returnable.
  • DVDs, CDs, and books with computer software or access codes that are opened are not eligible for a refund or exchange. No exceptions.
  • Kits such as but not limited to Intro to A&P Online Lab Kit, CHEM 1405 Online Lab Kit, Cosmetology Kit, Art Kit, etc., are non-refundable. No exceptions.
  • All shipping, handling, and late fees are non-refundable.
  • ALL FALL AND SPRING TEXTBOOK PURCHASES MADE DURING THE LAST TWO WEEKS OF THE RESPECTIVE TERM ARE FINAL. NO REFUNDS WILL BE GRANTED.

General Merchandise Refund and Exchange Policy

NO REFUNDS OR EXCHANGES WITHOUT AN ORIGINAL RECEIPT!

  • Clothing, supplies, and other forms of general merchandise may be refunded or exchanged within ten business days of purchase date.
  • All original tags must still be attached to clothing items.
  • Candy, drinks, and all health and beauty supplies are not eligible for return or exchange.
  • All shipping, handling, and late fees are non-refundable.
  • No refund is available for calculators, hardware, software, and assorted computer supplies.
  • All laptops, tablets, and electronic items are non-refundable. Defective products must be reconciled with manufacturer according to terms of item’s warranty.

Book Loan Scholarship and Outside Scholarship

Book Loan Scholarship students must get all required textbooks needed by the 12th class day. Books must be returned or paid for when a class is dropped or at the end of the semester. Students must clear after each semester to be allowed to receive books for the next semester. For WIA, VA, and all other scholarships that pay for supplies, students must get supplies needed by the 12th class day or they will not be covered by scholarship and will have to be paid for by the student at the time of purchase.

Book Buy Back

Book buy back will take place in the Panola College Store on the days final exams are given during the fall and spring semester. Buy back can be done all other times through our online store, www.panolacollegestore.com.

Please make sure you have purchased the correct textbooks for your classes and that the classes have made before opening or marking in books.

Financial Obligations

Deferred Payment Arrangements

Deferred payments may be made through the College’s payment plan provider. There is a per semester enrollment fee. Expenses will be set up to be deducted from a checking account, savings account, or credit/debit card (Discover, Visa, MasterCard, or American Express). With the exception of down payments, all remaining payments are deducted on the 5th of each month until the balance has been paid in full. If a credit/debit card is used, a convenience fee in addition to the enrollment fee will be assessed. All expenses can be included in this plan such as tuition, fees, books, room, and meals. These deferred payment arrangements are interest free. Access this plan at https://www.panola.edu via CampusConnect. For additional information or questions about the payment plan, please call (903) 693-2030.

Obligation to the College

Any unpaid balance could be turned over to a collection agency, and any fees incurred will be added to the student’s account. Until a student’s obligations to the College are met, he or she may be barred from future registration, and the student’s transcript of credit will not be released. A “hold” on a student’s records may be placed for any of the following reasons:

  • Non-payment of tuition and fees
  • Failure to compensate for the loss, destruction, or damage of College property
  • Failure to supply required documentation; enrolling under false pretenses
  • Failure to comply with terms of disciplinary action
  • Any unpaid debt and/or collection fees owed to the College

Residence Hall Refund Policy

Residence hall charges consist of a room charge and a meal charge. Panola College follows the same refund policy as the tuition and fees refund policy set by the State listed below for the meal portion of the charge. If, for any reason, a student moves out of the residence hall before the end of the semester, no refund of the room charge will be made.

Refund Policy

The State of Texas has established a tuition and fee refund policy for Community/Junior and Technical Colleges. Panola College has no ability to vary in any degree from the established policy. Students who officially withdraw from classes will have their tuition and mandatory fees refunded according to the following schedule.

For Coordinating Board approved semester-length courses for which semester-hour credit is awarded:

  1. A 100 percent refund is made for courses dropped prior to the first day of class. First day of class means the first day shown on the College calendar and not the first meeting of a particular class.
  2. A 70 percent refund is made if the student withdraws during the first fifteen days of a fall or spring semester. A 25 percent refund is made if the student withdraws between the sixteenth and twentieth days of the fall or spring semester. No refund is made after the twentieth class day of the fall or spring semester.
  3. A 70 percent refund is made if the student withdraws during the first eight days of an eight-week term. A 25 percent refund is made if the student withdraws on the ninth or tenth day of an eight-week term. No refund is made if the student withdraws after the tenth class day of an eight-week term.
  4. A 70 percent refund is made if the student withdraws during the first five days of a five-week summer term. A 25 percent refund is made if the student withdraws on the sixth day of a five-week summer term. No refund is made if the student withdraws after the sixth class day of a five-week summer term.

NOTE: Students enrolled in semesters of alternate lengths should consult the Business Office staff for refund schedules.

Refund Procedures. There are no cash refunds. Refund checks or refunds to the Panola Card are processed within two- to four-weeks’ time. All check refunds are made by mail to the address on file in the Admissions/Records Office. Refunds for tuition and fee payments made by VISA, MasterCard, or Discover will be refunded by a check. “Stop Payment” orders do not cause classes to be dropped. Such orders also result in a $30 fee as with returned checks.

Financial Aid Opportunities

All students are encouraged to apply for financial aid online at studentaid.gov. When the Financial Aid Office (FAO) receives your application, an email will be sent to your Panola College email address explaining any other documents that are needed. Please allow plenty of processing time for your files to be completed before you register. Financial aid will cover only courses that are included on your degree plan. It is your responsibility to ensure all courses are included.

Students are encouraged to submit all necessary paperwork and have their financial aid file complete by June 1. Since supplemental funds are limited and are awarded on a first-come, first-serve basis, it is best to apply as soon as possible.

Panola College receives both state and federal funds. Because of this, the entrance requirements and satisfactory academic progress requirements for financial aid eligibility may be greater than those stated in other sections of this catalog.

Satisfactory Academic Progress

The Panola College financial aid academic award year is defined in this order: Summer II, Fall, Spring, Summer I, and Summer II. Enrollment status is defined as:

Full-time 12 or more hours
Three-quarter time 9-11 hours
Half-time 6-8 hours
Less than half-time 3-5 hours

If a student does not make SAP for one semester, the student is considered on a Financial Aid Warning Status for one semester. If the student does not make SAP for the next semester or any future semesters, the student is considered on Financial Aid Suspension. One appeal can be requested for an additional semester for financial aid. The financial aid appeal must have an academic plan from the Advising Office to be considered. If the appeal is approved, the student will be on Financial Aid Probation.

Financial Aid Probation (FAP) will allow a student to receive financial aid in the next semester. After the Probation period if the student did not complete the academic plan, this will result in Financial Aid Suspension (FAS). A student on FAS is not eligible to receive financial aid and is not able to appeal the FAS. FAS will be removed and eligibility reinstated after the following conditions have been met and the student has contacted the FAO at Panola College in writing. It is the student’s responsibility to request the form for the FAO to re-evaluate financial aid eligibility.

  1. Raise the cumulative GPA to a minimum 2.00.
  2. Complete the appropriate number of hours with a minimum 2.00 GPA to satisfy the minimum hour completion requirement.

Definitions

  • Warning status - the first semester the student does not meet the satisfactory academic progress
  • Suspension - the semester after the warning status
  • Appeal - a ONE time only written request to override financial aid suspension for one (1) semester

Note: There is no time limitation to a warning status.

The United States Department of Education guidelines require the FAO at Panola College to monitor a student’s satisfactory academic progress. Satisfactory academic progress (SAP) will be evaluated at the end of each fall, spring, and summer semester. SAP is measured in three different ways:

  1. GPA
    0.00-1.99 Financial Aid Warning (FAW) for one semester. The cumulative GPA (CGPA) must be at 2.00 at the end of the Warning semester in order to continue to receive federal financial aid. If the CGPA is not a 2.00 at the end of the Warning period, the student will be on financial aid suspension (FAS). A student on FAS is not eligible to receive financial aid and FAS will be removed and eligibility reinstated after the following conditions have been met and the student has contacted the FAO at Panola College in writing.
    1. The student must raise his or her CGPA to a minimum 2.00.
    2. The student must have completed the appropriate number of hours with a minimum 2.00 CGPA to satisfy the minimum hour completion requirement.
    3. A waiver of financial aid suspension must be granted by the Financial Aid Director.
    4. Financial aid ineligibility decisions made by the FAO at Panola College may be appealed. The student must submit a written request explaining the reason(s) for not making satisfactory academic progress as well as an academic plan from an academic advisor. The Financial Aid Director will review appeals as needed and notify the student of his/her decision via student email. The decision of the Director is final and is not subject to further appeal. It is the student’s responsibility to request the form for the FAO to re-evaluate financial aid eligibility.
  2. Minimum Hour Completion
    Students must successfully complete 75% of attempted hours at the end of each semester as indicated on the chart below. Students not successfully completing 75% of the courses attempted will be placed on financial aid warning (FAW). If the student fails to meet the 75% after the warning period is complete, he/she would then be placed on financial aid suspension.
Semester Status 75% Completion Based Upon Minimum Hours to Complete
Full-time 12 hours or more 9
Three-quarter-time 9 hours 7
Half-time 6 hours 5
Less-than half-time 3 hours 2
  1. Maximum Time Frame
    This is a quantitative measure that provides a maximum time frame to complete a degree or educational objective. Regulations specify that for an undergraduate program, the maximum time frame may not exceed 150% of the published length of the program measured in academic years, academic terms, credit hours attempted or clock hours completed, as appropriate. Panola College uses its longest program, 60 hours, as a basis for determining the 150% amount for all programs. Therefore, the maximum time frame for a student at Panola College may not exceed 90 attempted and withdrawn credit hours (60 hours x 150%). Hours attempted will be counted toward the 90-hour limit, regardless of whether financial aid was received or not. Taking extra courses may exhaust financial aid eligibility prior to the completion of a degree or certificate. A second degree or certificate does not renew the 90 attempted hours.

Types of Financial Assistance

Grants and Student Loans

All grants and student loans are awarded according to the rules and regulations of the Department of Education. The Free Application for Federal Student Aid (FAFSA) is the initial application. The student must have a complete financial aid file for awarding any and all grants and student loans. The amount awarded is governed by the terms of each grant/student loan and the qualifications of the individual student.

Pell Grant

The Pell Grant is a federally funded program based upon financial need. The grant is available only to undergraduate students who have not already received a bachelor’s degree.

Direct Student Loans

Federal Direct Student Loans low-interest loans for students and parents to help pay for the cost of a student’s education after high school. The lender is the U.S. Department of Education. All student loans will be processed through the Financial Aid Office. In order to qualify, a student must complete entrance counseling and the Loan Agreement form to be considered for a student loan. The application process is online and can be accessed through the Financial Aid Office website at https://www.panola.edu/financial-aid. Students must be taking at least 6 hours to qualify for loans.

Federal Supplemental Educational Opportunity Grant (FSEOG)

The FSEOG is awarded to qualified undergraduate applicants with exceptional need. Priority is given to Pell Grant recipients with the greatest need.

Texas Public Educational Grant (TPEG)

The TPEG is a campus-based grant. Priority is given to full-time students with the greatest remaining need.

Texas Educational Opportunity Grant

This grant provides money to help well-prepared eligible students attend public educational institutions in the State of Texas. Individuals with a GED Certificate and home-schooled students can qualify for assistance through this grant. To qualify to receive this award students must be Texas residents; enroll at least half time (6 semester credit hours) in the first 30 hours of a certificate or associate degree plan at a two-year institution; qualify for a Pell Grant; not be convicted of a felony or crime involving a controlled substance; and for male students, must register for Selective Service.

Due to the limited amount of funds available in the FSEOG, TPEG, and TEOG programs each year, funding for students enrolling less than full-time may be limited.

Federal Work Study (FWS)

The FWS is a federally funded program in which a student works approximately 10 hours per week at minimum wage on campus or in the community service program. Job assignments are made on the basis of available funds, departmental needs, student interest skills, and the student’s course of study. Interested students should contact the Payroll Office.

Hazlewood Act

Veterans who are currently residents of Texas and were residents of Texas at the time they entered the armed forces, may be eligible for benefits under the Hazlewood Act. This act exempts the eligible student from the payment of tuition and fees other than property deposit fees and student services fees. Beginning with the Fall 1995 semester, benefits are limited to 150 semester credit hours.

First-time applicant

  • Applications are available at http://www.tvc.texas.gov.
  • Provide a certified copy of the DD-214 that shows Texas residency status when you entered the military services and received an honorable discharge or were discharged under honorable circumstances.
  • Provide written verification of ineligibility for VA educational benefits.
  • Complete the “Application for Hazlewood Act Benefit” form.
  • Complete the Free Application for Federal Student Aid (FAFSA).

Returning applicant (every semester)

  • Contact the Financial Aid Office.
  • Complete a new “Application for Hazlewood Benefits” form at http://www.tvc.texas.gov.
  • Complete the FAFSA for each new school year.

Required forms must be presented to the Financial Aid Office PRIOR to registration each semester.

Transferability of Benefits (Legacy Program)

Senate Bill 297 authorized a new exemption from the payment of tuition (fees not included) for a child, or stepchild, of a member of the Armed Forces who is deployed to active duty in a combat zone outside the United States. To learn more about this program, please go to http://www.collegeforalltexans.com.

Return to Title IV Refund Policy (R2T4)

This policy applies only to eligible U.S. and eligible non-U.S. citizens receiving Title IV funds.

Title IV funds are awarded to a student under the assumption that he/she will attend school for the entire period for which the assistance is awarded. When a student withdraws from all courses, for any reason including medical withdrawals, the student may no longer be eligible for the full amount of Title IV funds originally scheduled to receive. If the student withdraws from all courses prior to completing over 60% of a semester, a R2T4 is required to repay a portion of the federal financial aid received for that term. A pro rata schedule is used to determine the amount of federal student aid funds earned at the time of the withdrawal. Federal aid includes Federal Pell Grant, Federal Supplemental Opportunity Grant, and Direct Student Loans. The return of funds is based upon the concept that students earn their financial aid in proportion to the amount of time in which they are enrolled. Under this reasoning, a student who withdraws in the second week of classes has earned less than a student who withdraws in the seventh week. Once 60% of the semester is completed, a student is considered to have earned all their financial aid and will not be required to return any funds.

A student’s withdrawal date is:

  • The date officially withdrawn with the Admissions/Records Office during the Registrar’s withdrawal period. (The student must contact the Admissions/Records Office directly.)
  • The date the student submitted his petition to withdraw to the Admissions/Records Office, if the Admissions/Records Office withdrawal period has ended and the student successfully petitioned to withdraw.
  • The date the student was expelled/dismissed from the College.
  • The date of death, if the student passed away during the semester.

The Financial Aid Office (FAO) determines the Return to Title IV funds percentage. Institutions are required to determine the percentage of Title IV aid ”earned” by the student and to return the unearned portion to the appropriate aid program. Regulations require schools to perform calculations within 30 days from the date the school determines a student’s withdrawal complete. The school must return the funds within 45 days of the calculation.

The Return to Title IV funds policy follows these steps:

Step 1: Student’s Title IV Information

The FAO will determine:

  • The total amount of Title IV aid disbursed (not aid that could have been disbursed) for the semester in which the student withdrew. A student’s Title IV aid is counted as aid disbursed in the calculation if it has been applied to the student’s account on or before the date the student withdrew.
  • The total amount of Title IV aid disbursed plus the Title IV aid that could have been disbursed for the semester in which the student withdrew.

Step 2: Percentage of Title IV Aid Earned:

The FAO will calculate the percentage of Title IV aid earned as follows:

  • The number of calendar days completed by the student divided by the total number of calendar days in the semester in which the student withdrew.
  • The total number of calendar days in a semester shall exclude any scheduled breaks of more than five days.

    Days Attended ÷ Days in Enrollment Period = Percentage Completed

    If the calculated percentage exceeds 60%, then the student has “earned” all the Title IV aid for the enrollment period.

Step 3: Amount of Title IV Earned by the Student:

The FAO will calculate the amount of Title IV earned as follows:

  • The percentage of Title IV aid earned (Step 2) multiplied by the total amount of Title IV aid disbursed or that could have been disbursed for the term in which the student withdrew.

    Total Aid Disbursed x Percentage Completed = Earned Aid

Step 4: Amount of Title IV Aid to be Disbursed or Returned:

  • If the aid already disbursed equals the earned aid, then no further action is required.
  • If the aid already disbursed is greater than the earned aid, the difference must be returned to the appropriate Title IV aid program.

    Total Disbursed Aid - Earned Aid = Unearned Aid to be Returned

    If the aid already disbursed is less than the earned aid, the FAO will calculate a Post-Withdrawal disbursement.

Return of the Title IV Aid, based on the type of aid disbursed, in the following order:

  1. Unsubsidized Direct Loans
  2. Subsidized Direct Loans
  3. Pell Grant

Institutional and student responsibility in regard to the Federal Return to Title IV Funds policy:

The FAO’s responsibilities in regard to the Return to Title IV funds policy include:

  • Providing each student with the information given in this policy;
  • Identifying students affected by this policy and completing the Return to Title IV Funds calculation;
  • Informing the student of the result of the Return to Title IV Funds calculation and any balance owed to the College as a result of a required return of funds;
  • Returning any unearned Title IV aid that is due to the Title IV programs;
  • Notifying student of eligibility for a Post-Withdraw Disbursement, if applicable.

The student’s responsibilities in regard to the Return to Title IV Funds policy include:

  • Becoming familiar with the Return to Title IV Funds policy and how withdrawing from all courses effects eligibility for Title IV aid;
  • Resolving any outstanding balance owed resulting from a required return of unearned Title IV aid.

Veterans Administration Benefits

Panola College is fully approved for training of veterans under the provision of the GI Bill® (Public Laws 346, 550, 16 and 890-358), Chapter 33 Post 9/11 GI Bill® and other Education Benefit Programs. Veterans and dependents of veterans should apply to the veterans’ affairs office (Student Success Center) six weeks prior to registration. The veteran must submit a Certificate of Eligibility (COE), military transcripts, all official college transcripts, and their DD-214 (Member 4 copy). Photocopies of dependency documents (marriage and/or birth certificates) will be accepted, if applicable, to establish the veteran’s dependents. A veteran entitled to benefits under these laws will receive a monthly check varying in amount depending on credit hour load from the VA. A child of a veteran may receive benefits in the same way under certain conditions. Any student enrolling under the above provisions should bring with him/her sufficient funds to defray initial costs of tuition, fees, books, personal expenses, etc., since there is usually a period from six to eight weeks before the veteran or other eligible person receives his or her initial payment from the Veterans Administration. A program of study must be selected. The VA will only pay for courses required in that selected program. The courses in which a veteran enrolls must count toward attainment of the specific degree or certificate objective. Courses taken at other institutions may satisfy Panola College’s requirements in a selected program of study. Accepted courses for credit may not be repeated for VA pay. Veterans must make satisfactory progress. Veterans who are receiving monthly payments for their entitlement based on their enrollment at Panola College must abide by Panola College’s academic probation and suspension policy. The Veterans Administration will be notified of unsatisfactory progress the semester a student is placed on scholastic suspension. Veterans should contact the VA Certifying Official for additional information. Benefits may be interrupted by poor attendance. Changes in enrollment status may result in partial repayment to the VA by the student. Complete withdrawal from classes may require repayment for the entire enrollment period.

GI Bill is a registered trademark of the United States Department of Veteran Affairs (VA).