Forms and Policies

Financial Aid Forms

2014-2015 Student Verification Form (PDF)

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Satisfactory Academic Progress Standard

A student must make “Satisfactory Academic Process” each semester she is enrolled to remain eligible for financial aid at Lasell. Satisfactory progress is defined both by the number of credits successfully completed and the grade point average. If a student’s semester grade point average falls below 2.0, the student is no longer maintaining the standards of satisfactory progress. Additionally, a student is expected to successfully complete a minimum of 12 credits per semester. In general, a student is expected to complete all bachelor degree requirements within six years. A student with extenuating circumstances will be evaluated individually. If a student fails to meet these satisfactory progress guidelines, s/he will be placed on probation for the following semester. The Office will inform such students in writing of this decision. The student remains eligible for financial aid during this probationary period. If the student meets academic progress standards in the following semester, no further action is taken. However, if the student does not meet these standards for a second consecutive semester, s/he will be placed on financial aid suspension. During financial aid suspension, a student may not benefit from any source of financial aid offered by the Office.

The student does retain the right of appeal of this decision. The student must appeal the decision to suspend within 30 days. Appeals must be made by the student in writing and must explain the reasons the student failed to meet these guidelines and what academic plan the student has to ensure success in meeting these guidelines in the future. The appeal may also include supporting documentation from faculty members, advisors, and parents. The appeal should be made in writing to the Director of Student Financial Planning. The Director will present the appeal to the Financial Aid Review Committee for evaluation. The Office will inform students in writing of the decision regarding the appeal. If approved, the student will be eligible to receive one additional semester of federal financial aid. If after the next semester on suspension with appeal, the student continued to fail to meet these guidelines, the student will be placed on financial aid suspension without the right to appeal.

In general undergraduate students must complete 120 credit hours to achieve their degree. Students must be making progress toward their degree at a certain pace. For a student to be considered as progressing normally, the student's ratio of earned hours to attempted hours (or pace towards degree completion ) must be no less than as shown on the following table:

When total attempted hours are:
Earned Hours must be at least:
Less than 26 hours 50% of scheduled hours
26 through 50 hours 55% of scheduled hours
51 through 75 hours 60% of scheduled hours
76 through 100 hours 65% of schedule hours
101 through 125 70% of scheduled hours
126 hours and above 75% of scheduled hours

 

Attempted hours are those hours for which students were still officially registered at the conclusion of each semester's Add/Drop period. Withdrawals are counted as attempted hours.

Withdrawal during the Semester:

Students who withdraw during the course of a semester who receive Federal Financial Aid, i.e. Pell Grant, Direct Stafford or PLUS loans etc., are subject to a recalculation of their financial assistance based on the last date of attendance. Once official notification of the withdrawal or Leave of Absense and the last date of attendance has been received, the Student Financial Planning Office will review the students' aid using a federally mandated formula to determine if any of the aid awarded for that term should be cancelled and returned to the source. This will be reflected on the students' billing account and may result in a balance being due to the college.

ENROLLMENT POLICY

In registering as a student at Lasell College, you agree to pay all charges on your account when due, and you agree to abide by the Billing Policies and Fees stated here, in the Course Catalog and Student Handbook.

Your financial responsibilities to Lasell College include meeting payment deadlines, fulfilling loan or grant requirements, and addressing outstanding balances. The Office of Student Accounts' official means of communication are via the student's home address on file and/or the student's Lasell email account. It is important to understand that communications will be directed toward the student, rather than a parent or guardian. If a parent or other individual is assisting with educational finances, please discuss all billing information with that person.

ACCOUNT PRIVACY POLICY

Per federal regulations on the right to privacy, bills are in the student's name and therefore, the student bears the responsibility for payment. All statements are mailed in the students' names to the billing address on record. Parents/guardians (or anyone else) may not receive specific information about a student's bill, credit balance or excess (refund) checks. If a parent or another third party is accepting responsibility for making payments on the student's behalf, it is the responsibility of the student to share all correspondence, including billing statements, with those individuals.

A Billing PIN is issued to all students to assist in providing information while complying with privacy policies. The PIN number for each student was sent to his or her Lasell email account at the time the student first enrolled, and can also be viewed under MyInfo on the MyLasell site) Anyone calling the Student Accounts Office for information on an account will be asked for the Billing PIN.

LATE PAYMENT AND RETURNED CHECK POLICY

A late charge of 18% per annum (1.5% per month) will be assessed to accounts not paid by the due date. Any check returned unpaid will result in a $25 fine. The College reserves the right to suspend or terminate services and/or enrollment due to delinquency in payment. In the case of delinquent accounts, if an outside collection agency is utilized, the student's account will be assessed collection fees.

ALTERNATIVE PAYMENT POLICY

If you choose a payment plan or loan to pay your bill, applications must be approved and completed prior to the payment due dates listed under the 'Payment Schedule' section. When determining the amount to borrow, any fee charged by the lender must be added to the balance due to Lasell College to insure your College account is paid in full.

ACCOUNT ADJUSTMENT AND REFUND POLICIES

Student Account with a Credit Balance

Refund checks for credit balances occurring as a result of excess loans or financial aid will not be issued until the entire loan and/or aid funds have been received by Lasell College. Credit balances for enrolled students will remain on the account unless requested by the student, or federal funds exceed the cost of attendance. Refunds will be issued within three weeks of the request and will be made payable to the student. Students who request a refund check prior to the end of the academic year understand that, if additional charges are assessed and/or financial aid is adjusted following receipt of a refund check, a balance may be due to the College.

Enrollment Changes

Students who change their status from full time to part time, OR part time students who reduce their number of credits, after the Add/Drop period will be responsible for 100% of tuition and associated fees for the semester.

No adjustment is made to the following fees after the published Add/Drop Period: Accident and Health Insurance, Allied Health Fee, Fashion Design/Production Fee, Graphic Design Fee, Excess Credit Fee, and Lab Fees.

Housing Changes

Students wishing to change their status from resident to commuter at any point in the academic year must petition the Director of Residence Life in writing for release from the Housing Agreement, and may be assessed penalty charges as outlined in the Housing Agreement. Students who change their status from resident to commuter after the Add/Drop period, will be responsible for 100% of Room and Board charges for the semester.

Withdrawal from the College

The following Withdrawal Adjustment Schedule applies to a student who has completed the appropriate steps to cancel his/her enrollment at Lasell College. Non-attendance does not relieve the student of financial obligation or imply entitlement to a refund. Please contact the Registrar's Office for proper withdrawal procedures.

For all withdrawals after the published Add/Drop period, no adjustment is made to the following fees: Accident and Health Insurance, Allied Health Fee, Fashion Design/Production Fee, Graphic Design Fee, Excess Credit Fee, Parking Permit, and Lab Fees.

Room and Board will be adjusted according to the schedule below only if the room is vacated within the time period determined by the Office of Residential Life. Students remaining in housing past the time period granted will be charged for daily Room and Board.

For purposes of account adjustments, no differentiation is made between voluntary withdrawal, administrative or academic suspension. Unpaid charges may remain after adjustments and will be owed to the College.

UNDERGRADUATE Withdrawal Adjustment Schedule for Tuition, Room and Board, and Comprehensive Fee

Prior to the Academic Calendar's 'First Day of Classes'

100% credit of above fees, less enrollment deposit

Through first week* of classes

90%

Through second week* of classes

80%

Through third week* of classes

70%

Through fourth week* of classes

60%

Through fifth week* of classes

50%

Through sixth week* of classes

40%

Through seventh week* of classes

30%

Through eighth week* of classes

20%

Through ninth week* of classes

10%

After ninth week* of classes

No credit of charges

 

GRADUATE Withdrawal Adjustment Schedule for Tuition, Room and Board and Comprehensive Fee

Full Semester Courses

Prior to the Academic Calendar's 'First Day of Classes'

100% credit of above fees, less enrollment deposit

Through first week* of classes

90%

Through second week* of classes

80%

Through third week* of classes

70%

Through fourth week* of classes

60%

Through fifth week* of classes

50%

Through sixth week* of classes

40%

Through seventh week* of classes

30%

Through eighth week* of classes

20%

Through ninth week* of classes

10%

After ninth week* of classes

No credit of charges

 

GRADUATE Withdrawal Adjustment Schedule for Tuition and Comprehensive Fee

Six Week Courses

Prior to the Academic Calendar's 'First Day of Classes'

100% credit, less enrollment deposit

Through first week* of classes

80%

Through second week* of classes

60%

Through third week* of classes

40%

Through fourth week* of classes

20%

After fourth week* of classes

No credit of charges

 

GRADUATE Withdrawal Adjustment Schedule for Tuition and Comprehensive Fee

Winter Session Courses

Prior to the Academic Calendar's 'First Day of Class'

100% credit, less enrollment deposit

After 'First Day of Class'

No credit of charges

*For purposes of determining account adjustments due to withdrawal, a week of enrollment ends on a Friday, regardless of the number of courses scheduled or attended during that period.

Adjustments to Federal Financial Aid are made in accordance with the regulations set forth by the Federal Department of Education. For a copy, please contact our Office of Student Financial Planning at 617.243.2227.

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