The Office of Financial Aid is committed to the success of each of our students. We encourage students to utilize all available resources in the process of managing their financial affairs and planning for their future. As an osteopathic medical student, the Commission on Osteopathic College Accreditation (COCA) requires each student to attend at least 2 financial wellness workshops. Workshops that meet the COCA requirement will be scheduled throughout each academic year and students will be notified by the Office of Financial Aid. We encourage our students to exceed this minimum and attend a variety of sessions while enrolled at Noorda-COM.
A variety of Financial Wellness resources and learning opportunities will be provided to students while attending Noorda-COM. These resources will include in-person workshops, webinars, modules, videos, articles, and websites. These resources will focus on debt management, credit, repayment/forgiveness programs, and financial planning.
POLICIES & PROCEDURES
Satisfactory Academic Progress Policy
Satisfactory Academic Progress (SAP) applies to all Noorda-COM students. These standards are to be used when reviewing a student’s academic progress whether they received financial aid (federal and/or private) or not. The SAP standards for the purpose of the review by the Office of Financial Aid must be at least as strict as the institution’s academic progress policy set by each program. Students are expected to pass their courses and progress through their program within a designated timeframe. The SAP Policy outlines the standards which will be measured and how academic progress will be monitored.
For programs greater than one year the SAP review will occur at the end of the spring semester once all grades have been posted by the Office of the Registrar. In some instances, if a student enrolls in summer courses their SAP review will occur at the end of the summer term once grades have been posted. Students enrolled in a program that is one (1) year or less in length will be reviewed at the end of each term (e.g., fall, spring, and summer). Currently, Noorda-COM does not offer any 1-year programs.
It is the student’s responsibility to review and understand the Noorda-COM Satisfactory Academic Progress Policy. Students are strongly encouraged to review the SAP Policy prior to each academic year to remain up to date on what is expected of them academically to maintain their financial aid eligibility.
Satisfactory Academic Progress Policy
Professional Judgment Procedure
The Financial Aid Administrator has the authority to exercise professional judgment, both before and after a student is awarded, if a student can document an extenuating circumstance warranting a change to data elements that may impact a student’s eligibility. Professional judgment may not be used to change the needs analysis formula (Cost of Attendance – Financial Resources = Need). The following are examples of extenuating circumstances graduate students experience that may qualify for a professional judgment adjustment to be considered:
- Adjustment to cost of attendance based on documented additional allowable expenses
- Satisfactory academic progress appeals to reinstate aid on probation
- Unusual medical or dental expenses not covered by insurance or accounted for in the need analysis formula under the Income Protection Allowance
In most instances, changes to income will not have an impact on the type or amount of aid that a Graduate /Professional student is offered and/or receives.
To request that aid be reviewed due to these or similar extenuating circumstances, the student must write a letter explaining in detail the reason for the request. Students are encouraged to talk with the Director of Financial Aid regarding their unique circumstance to identify if they would benefit from submitting a professional judgment request. Appropriate documentation will be required to document the student’s extenuating circumstance. For example, if a student is claiming excessive medical expenses, he/she may be required to produce a statement from their insurance company outlining claims and payments. Students will be notified of what reasonable documentation they will need to produce after the written appeal request has been reviewed.
The student must be currently enrolled to request a professional judgment review. Requests must be received by the Office of Financial Aid no later than 1 month prior to the last day of classes for the current academic year. All decisions are made on a case-by-case basis after reviewing the student’s individual circumstances. The student should be aware that while the college will attempt to make a final decision promptly, there may be instances where additional information is required which may delay the decision. The decision of the designated Financial Aid Administrator is final and cannot be appealed to the U.S. Department of Education.