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Financial Aid & Housing > FAQ
Fall 2010 COB Award Disbursement Frequently Asked QuestionsThese questions and answers relate to the special conditions of the financial aid disbursement for the 2010/2011 academic year. Click on the categories below to see related questions, then click on a question to view the answer. |
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RenewalIs renewal automatic for the 2010/2011 academic year?
No, you must reapply for financial aid for each academic year.
Is renewal automatic for Spring 2011?
No. It is required that all students on financial aid complete the Financial Aid Continuance Application Form and submit transcripts and supporting documents to the Financial Aid Office prior to December 20th 2010. Receiving an award in the Fall semester means that you will receive an award the following Spring only if you complete your continuance application.
What is the purpose of the continuance application?
The purpose of the continuance application is to confirm that you still meet the eligibility requirements as defined below.
PaymentIf my financial aid application was not successful how long do I have to settle my Fall 2010 bill?
If your application was not successful, you will have until the end of January 2011 to pay your Fall 2010 bill in full.
If my financial aid application was not successful can I still apply for the deferred payment plan?
Yes, you may still apply for the deferred payment plan. The deferred payment plan is available for students whose application was unsuccessful and for students who have a balance owing after receiving partial aid.
Am I eligible for a refund if I prepaid some or all of my tuition prior to the Fall 2010 COB Award disbursement process?
You will be refunded any credit on your account after the financial aid is applied. If your financial aid application was unsuccessful, you will not be refunded.
Is the $50.00 deferred payment plan application fee refundable?
No. The $50.00 is the service fee associated with the deferred payment plan and is therefore non-refundable.
EligibilityIf my cumulative GPA falls below 2.00 can I receive financial aid?
No. A requirement of financial aid is that your cumulative G.P.A. must be 2.00 or greater.
If my semester GPA falls below 2.00 can I receive financial aid?
If your semester G.P.A. is below a 2.00 and your cumulative GPA is 2.00 or higher, you are still eligible for financial aid. Both cannot be below 2.00.
If I am not enrolled in 12 or more credits, am I eligible for financial aid?
One of the financial aid requirements is that you must be full time and registered for at least 12 credits.
Can I receive financial aid if I am enrolled in 9 credits?
No, one of the financial aid requirements is that you must be full time and registered for at least 12 credits.
Can I apply for financial aid if I am enrolled in 9 credits?
Yes, only if you are entering a full-time baccalaureate degree programme for the first time and you are taking nine credits and at least one additional course at the College Preparatory level.
What happens if I drop a class?
When a class is dropped and your registered credits drop below 12, you will not lose your financial aid however the cost of the course will not be covered by financial aid when it is repeated.
What happens if I fail a class?
If you fail a class, your financial aid will not pay for that course when it is repeated.
What happens if my course load drops below 12 after I receive the COB Award?
If your course load drops below 12 credits after receiving the C.O.B. Award you will lose your financial aid and you will be expected to pay for that semester.
Can I drop a class if I my application was unsuccessful and I now need to reduce my bill?
Yes, you may drop a class to reduce your bill if your application was unsuccessful, however; please ensure that you do this before October 22nd (so that you can receive a ‘W’ for the course and not an ‘F’). Also note that if you intend to re-apply, one of the criteria is that the required GPA must be gained with 12 credits or more.
If I withdraw from all of my classes (with good reason) while receiving financial aid will I be eligible for financial aid for the following semester?
Once you have notified the Financial Aid Office in writing (with a good reason) prior to dropping the class you may still be eligible for financial aid the following semester.
What happens if I am in my final semester and require less than 12 credits?
You are still eligible for financial aid for that final semester with less than 12 credits.
Am I eligible for financial aid while enrolled in college prep programme?
No. Unless you attended a family island high school where you did not have the opportunity to sit four or more BGCSEs then you may be considered for financial aid. You still must be registered for the equivalent of 12 credits.
Are LLB and graduate students eligible for financial aid?
LL.B. students and graduate students are not eligible for financial aid.
Spring 2011Can I register for Spring 2011 courses if my Fall 2010 COB Award application was unsuccessful?
If your application was unsuccessful you may still register for Spring 2011. The College will not put a hold on your registration activity due to an unpaid bill. You will have until the end of January 2011 to pay the bill.
Can I apply for a Spring 2011 award if my Fall 2010 application was unsuccessful?
If your Fall 2010 application was unsuccessful, you may apply for an award for Spring 2011 once you've met the criteria.
As a Fall 2010 financial aid recipient what should I do to renew for Spring 2011?
If you received financial aid for the Fall 2010 semester and would like to continue to receive aid for Spring 2011, present your continuance application, financial aid letter, bill and transcript to the Financial Aid Office on or before December 20th, 2010.
Why do I have to submit my Spring 2011 bill with my continuance application to the financial aid office on or prior to December 20, 2010?
Will I receive a new COB Award letter for Spring 2011?
The C.O.B. Award letter that you receive for the Fall 2010 semester also covers the Spring 2011 semester.
Application ProcessWhat are possible reasons why my financial aid application may be unsuccessful?
What should I do if I received another scholarship, award or bursary while waiting for the Fall 2010 COB Award disbursement?
If you receive another scholarship, award or bursary while waiting for the Fall 2010 disbursement, you should inform the Financial Aid Office in writing.
What should I do if I received another scholarship, award or bursary after I received the Fall 2010 COB Award disbursement?
If you receive another scholarship, award or bursary after receiving the C.O.B. Financial aid you are required to inform the Financial Aid Office in writing.
Where will I collect my financial aid disbursement letter?
You may collect your financial aid disbursement letter from your C.O.B. e-mail (or the personal e-mail provided on your application). You may also collect it at the Financial Aid Office during normal business hours.
What should I do after I collect my COB financial disbursement letter?
After collecting your C.O.B. financial aid letter, you must take your letter along with your bill and payment balance to the Business Office.
GeneralWhy was the Fall 2010 COB Award disbursement letters issued late?
The Fall 2010 disbursements were late for various reasons:
How will the College send financial aid related messages to me?
The College will send financial aid related messages to you via your C.O.B. e-mail. If you provided your personal e-mail on your application, messages will be sent to this address for this semester only, hereafter messages will be sent to your COB email account.
Why are the Fall 2010 COB award amounts not even round numbers as in previous years?
The amounts disbursed took into consideration the exact amount of tuition and fees, how much was paid by other scholarships, how much family contribution was expected and the total amount of money available for financial aid.
What is the basis upon which the COB Award was disbursed?
The amounts were based on the documented need of the student and their household income level.
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| The College of The Bahamas :: Oakes Field :: P.O. Box N-4912 :: Nassau, The Bahamas :: Tel (242) 302.4300 :: Email cob@cob.edu.bs |