Financial Aid programs are subject to change. The Financial Aid Office reserves the right to remove any financial aid if a student no longer meets the criteria for the scholarship. Please contact Amy Coats, Director of Financial Aid, and Demetrial Coleman, Associate Director of Financial Aid with questions about the financial aid process at Peace College. If a loan borrower disputes the terms of the loan in writing and the lender does not resolve the dispute, the lender's response must provide the borrower with an appropriate contact at the guaranty agency for the resolution of the dispute. As part of the guaranty agency's response to a borrower who appeals an adverse decision, the agency must provide the borrower with information on the availability of the Student Loan Ombudsman's office.
Students can earn a percentage of the funds that are disbursed with each day of class attendance.
When a student who has received Title IV funds leaves school before the end of the semester or period of enrollment, federal law requires that Peace College calculates the percentage and amount of unearned financial aid funds that must be returned to the federal government. This calculation may have the effect of requiring the student to repay funds that have already been disbursed to the student. A leave of absence my be considered to be a withdrawal. Students are encouraged to meet with the Financial Aid Office prior to making the decision to withdraw from school. Room charges will not be refunded.