Financial Aid Terms and Conditions

​​​Student Contact Information:

You must maintain a current mailing and e-mail address with DMACC. Your address and other contact information may be updated by utilizing the Web Info System and MyDMACC.

Student Eligibility and Program of Study:

The Financial Aid Office will offer assistance to prospective students who have not yet enrolled. However, before financial aid may be credited to your account you will need to be admitted to the college, enrolled in an eligible program, and attending the coursework for which you are registered.

Many forms of financial aid are based upon enrollment status (credits) and could be adjusted (prorated) based on your enrollment level.

You cannot receive financial aid from another post-secondary institution while receiving aid from DMACC.

Guest and Non-Degree Seeking students are not eligible to receive student financial aid.

Students who are enrolled in a degree program (at the time DMACC receives their FAFSA) that requires sequential attendance, i.e. fall, spring and summer (summer term required as shown on the Program's Information Brief) may have financial aid disbursed accordingly.

By federal law, students that have completed a Bachelor's degree are not eligible for a federal Pell Grant.

Student Eligibility and Enrollment:

You must be enrolled at least half-time in an eligible program leading to a degree, diploma or certificate at DMACC in order to receive federal student loans. To receive Federal student loans in the summer, you must be enrolled in at least four credits.

Many forms of financial aid are based upon enrollment status (credits) and could be adjusted (prorated) based on your enrollment level.

Students adding courses after the second week of class should check with the Financial Aid Office concerning what effect the addition of a class may (or may not) have on their financial aid awards. During the fall and spring terms, a student's enrollment level is "locked" after the second week of classes for Pell grant purposes. This is commonly referred to as a Pell Grant “lock date." Therefore, for students enrolled as of the lock date the addition of coursework after the second week of classes will not increase a Pell grant proration.

Students that initially enroll after the lock date are subject to a Pell calculation based on their initial date of enrollment. This means that if a student initially enrolls after the Pell lock date in coursework starting later that term, his or her Pell grant will be based courses (and an enrollment level) selected the date the student first enrolled. Adding classes after the initial date of enrollment will not increase a student's Pell grant (because it has been locked).

During the summer term, students adding courses after they have officially begun should check with the Financial Aid Office to determine their financial aid "lock" date.

If you are in a Late Start class and drop it before the class begins, or are administratively dropped due to Not Attending, or if the class is cancelled, an adjustment to the financial aid you have received may be made. Any pending financial aid may be cancelled and your eligibility for aid will be recalculated based on the new number of credits for which you were charged tuition. You will be billed for any refunds you received but were not eligible for based on your new credit load. If you drop all courses during the 100% tuition refund period your financial aid will be recalculated and you may receive a Post Withdrawal Offer.

Student Eligibility and Academic Progress:

You must maintain satisfactory academic progress, as defined by the DMACC Satisfactory Academic Progress Standards policies to be eligible for financial aid. Financial aid may be reduced or cancelled if you are reported as not attending or quit attending class(es). In addition, students who officially or unofficially withdrawal from a term for which they received financial aid may be subject to a return of unearned funds to the Department of Education. Financial aid recipients who withdraw before 60 percent of the term has been completed will have their financial aid subject to a calculation referred to as Return of Title IV. As a result, you may owe the institution and/or the US Department of Education a portion of the funds that were used for tuition and/or were refunded to you. For more information concerning Satisfactory Academic Progress or the return of unearned financial aid funds, visit http://www.dmacc.edu/fin_aid/

Disbursement of Financial Aid Funds:

ALL FINANCIAL AID FUNDS (INCLUDING FEDERAL, STATE, AND PRIVATE AWARDS) ARE FIRST DISBURSED TO YOUR DMACC STUDENT ACCOUNT TO PAY FOR INSTITUTIONAL CHARGES INCLUDING TUITION, FEES AND OTHER ALLOWABLE EDUCATIONALLY RELATED CHARGES THAT APPEAR ON YOUR ACCOUNT. REFUNDS (CREDIT BALANCE DISBURSEMENTS​) ARE PROCESSED THROUGH THE STUDENT ACCOUNTS DEPARTMENT.

You must use financial aid funds in excess of tuition and other college charges for your education related expenses. You must not use financial aid for fraudulent or abusive purposes such as, but not limited to, the purchasing and/or resale of textbooks and electronic equipment not required for your registered classes.

Award and Application Adjustments ​​or Corrections:

After the initial award, a Pell Grant adjustment is unlikely to occur. The U.S. Department of Education could inform DMACC of a change of status to your Federal Pell Grant Eligibility. You are eligible to receive a Federal Pell Grant for up to 12 semesters or the equivalent. If you have exceeded the 12-semester maximum, you will lose eligibility for additional Federal Pell Grants. Equivalency is calculated by adding together the percentage of your Pell eligibility that you received each year to determine whether the total exceeds 600%.

If you have been awarded an award/grant from the state of Iowa, in the event that available state funds are insufficient to pay the full amount of each approved grant the Iowa College Student Aid Commission has the authority to administratively reduce the award.

You must inform the DMACC Financial Aid Office of any changes or errors in the information you submitted in support of your application for financial aid, and be aware that those changes may result in a reduction of your award and/or repayment of financial aid already released to your Student Account.

It is your responsibility to ensure that the DMACC Financial Aid Office has all documents necessary to complete the review of your application for financial aid by the deadline date specified on your notification or by the last day of your enrollment period for the award year. If you submit the documents after the last day of your enrollment period, you may not receive financial aid (as outlined under the Department of Education's regulations for Late Disbursement). If you are selected for a process called Verification your award offer may change based upon the documents you provide to the Financial Aid Office.

You are responsible for repaying any funds you receive which exceed your financial need at DMACC. You further understand that the amount of any repayment is based on regulations published by the U.S. Department of Education.

You must notify the Financial Aid Office of any outside scholarship or other gift aid.

External gift or grant assistance may reduce or eliminate institutional and/or state financial assistance.

Student Aid and Drug Convictions or Incarceration:

You cannot receive certain types of financial aid if you are incarcerated in a federal, state, or local penal institution.

If you are convicted of a drug-related felony or misdemeanor that took place while you were receiving Federal student aid, you will become ineligible to receive further aid for a specified period of time upon conviction. For additional information, visit https://studentaid.ed.gov/sa/eligibility/criminal-convictions

Federal Student Loan Subsidized Usage Limits:

Federal regulations limit financial aid eligibility to 150% (96 credits on average for a 2-year program) of the published length of the education program, as measured in attempted hours. Transfer credit hours (if available) are counted in the calculation of duration of eligibility. Students will be notified when they have reached 150% and have their aid suspended. Students may appeal if they have unusual or extenuating circumstances for continuing beyond the 150% timeframe.

Effective July 1, 2013 students who qualify for subsidized loans are now allowed subsidized loans for 150% of the published timeframe for their program of study. For example, a student enrolled in a 2-year program of study can receive subsidized loans for up to 3 years.

Students that reach the 150% subsidized loan limit for their program of study could continue to receive unsubsidized loans if he or she is otherwise eligible (for example, has not met the federal lifetime undergraduate loan limits of $31,000 for a dependent student or $57,500 for an independent student). For more information go to https://www.dmacc.edu/fin_aid/.

Student Loan Default or Overpayments:

You cannot be in default on any federal financial aid program (Title IV) or owe an overpayment and receive financial assistance.

Student Aid and FERPA:

The U.S. Department of Education requires the use of your social security number when applying for financial aid. DMACC is committed to ensuring the privacy and confidentiality of student records and will not disclose your social security number or DMACC ID without your consent for any purpose except as allowed by law. For additional information concerning your rights and responsibilities under The Family Educational Rights and Privacy Act visit http://www.dmacc.edu/ferpa/​.