Financial Aid Policies & Procedures
There are numerous state, and federal rules, and requirements that financial aid recipients must be aware of. See below for more information.
Federal Financial Aid Return Policy- Return to Title IV
Recipients of federal financial aid such as Federal Pell Grants, Direct Loans, Direct PLUS Loans, and Federal Perkins Loans who withdraw from Olympic College (OC), are dismissed, or complete zero credits in any term may be required to repay state grant aid. If a student attends more than 60% of the term, no repayment is required.
More info: Return to Title IV Policy
Notification of Title IV Complaint Process
The Higher Education Act prohibits an institution of higher education from engaging in a "substantial misrepresentation of the nature of its educational program, its financial charges, or the employability of its graduates." 20 U.S.C.1094(c)(3)(A). Further, each state must have "a process to review and appropriately act on complaints concerning the institution including enforcing applicable state laws." 34 C.F.R. 600.9. The Washington State Board for Community and Technical Colleges (SBCTC) maintains a process to investigate complaints of this nature brought by community and technical college students in the state of Washington.
To submit a complaint, please create an account though the SBCTC Consumer Protection Title IV Student Complaint Portal.
For more information, visit the State Board for Community and Technical Colleges website.
Satisfactory Academic Progress Policy
State Grant Aid Repayment Policy
Recipients of the Washington College Grant, College Bound Scholarship, or Passport to College who withdraw from Olympic College (OC), are dismissed, or complete zero credits in any term may be required to repay state grant aid.
More info: State Grant Aid Repayment Policy
Student Rights & Responsibilities
Students have the right to know the following information at Olympic College:
- Application procedures at the college
- Types of financial aid available
- Eligibility requirements
- Terms and conditions of your financial aid awards
- Priority processing dates and awarding deadlines
- How awards are made
- Estimated Cost of Attendance
Students also have the following responsibilities:
- Treat all Financial Aid staff with respect in accordance with the Olympic College student conduct code
- Submit all financial aid applications and forms on time
- Proactively monitor your financial aid application and SAP statuses in the portal
- Read ALL information relevant to your financial aid
- Comply with terms and conditions of financial aid awards
- Keep all important documents of financial aid transactions for future reference
- Notify the school and your lender of enrollment changes, address changes or withdrawals from school.
