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FINANCIAL AID INFORMATION

The Joyce University Financial Aid Department assists students who need financial aid to help pay their tuition, books and other related expenses incurred while attending Joyce University. Each student’s eligibility for financial aid is based on the information provided by the student (and contributors, if applicable) on the Free Application for Federal Student Aid (FAFSA).   

Joyce University is approved by the U.S. Department of Education to participate in Federal Student Aid programs (Title IV Funds) for its programs. Students requesting financial aid assistance must submit a Free Application for Federal Student Aid (FAFSA) at www.studentaid.gov.  Joyce University uses the information submitted by students and their contributors (if applicable) to determine their financial aid eligibility. The amount of financial aid students qualify for is based on each student’s Cost of Attendance (COA), Student Aid Index (SAI), enrollment status (Full-Time, ¾ Time, ½ Time or Less-Than-Half-Time (LTHT), Enrollment Intensity, and the length of the academic year. 

Eligibility and Application Process for Financial Aid

The types and amounts of financial aid are determined by financial need and available funds.  A full description of Federal aid programs available can be found at www.studentaid.gov under “Considering School”. 

To be eligible for financial aid, a student must: 

  • Demonstrate financial need. 

  • Be a U.S. citizen, or an eligible non-citizen.  (Verification of eligible non-citizen may be required). 

  • Have a valid Social Security number. 

  • Have a high school diploma or recognized equivalent such as a General Educational Development (GED) 

  • Be enrolled or accepted for enrollment in an eligible program of study at least half-time (with the exception of Pell and FSEOG) 

  • Maintain satisfactory academic progress. 

  • Not be in loan default or owe an overpayment of Federal Student Financial Aid 

  • Use federal student aid only for educational purposes. 

Tuition Installment Contract

Joyce University allows students to arrange for payment of tuition in installments over the course of the semester. There are no associated fees, and payment plans are interest free.  Additional terms and conditions may apply as outlined per the Tuition Installment Contract. Joyce University is equipped to accept several types of payment methods, including all major credit cards, ACH, wire transfer, and checks. Payments can be made at the Bursar’s Office during regular business hours. Credit card payments may also be submitted online through the Joyce University website or student portal.  

Note:  Non-sufficient funds and collections fees may be applied to all returned checks.  

Determination of Financial Need and Awarding of Aid

The amount of financial aid each student may receive is determined by the results of completing the FAFSA.  The FAFSA results document is called the Institutional Student Information Report (ISIR) and it determines the extent of financial need in an equitable manner by applying a federally approved formula.  The formula includes family size, income, assets, and other resources reported on the FAFSA which are used to calculate the Student Aid Index (SAI) from the student and contributors (if applicable).  The SAI is deducted from the student’s cost of attendance (COA) for the academic year and determines the student eligibility for need-based financial aid. 

Verification of Data

Each year the U.S. Department of Education selects several students for a process called verification.  If your FAFSA is selected for verification, Joyce University will need to collect additional documentation from you to verify the information you provided on the FAFSA application.  For example, some verifiable items may include identity, income (AGI), household size, and number in college.  The financial aid office will contact you if you are selected for verification and will provide a list of documentation they need.

Academic Year and Full Time Status

An academic year is defined as 24 credits and 30 weeks, comprised of two 15-week semesters.  The enrollment status for each semester is defined as follows: 

Undergraduate Programs: 

  • Full-Time status equals 12 credits or more 

  • ¾ time status equals 9 credits to 11 credits 

  • ½ time status equals 6 credits to 8 credits 

  • Less-than-half time (LTHT) equals 5 credits or less 

Graduate Programs: 

  • Full-Time status equals 6 credits or more 

  • Half-Time status equals 3 credits to 5 credits 

  • Less-than-half time (LTHT) equals 2 credits or less 

Recalculation of Financial Aid (Pell and Loan Eligibility)

At the beginning of each semester there is an add/drop period (7 days) to allow students to adjust their schedule.  At the end of the add/drop period, the financial aid department is required to evaluate the number of credits a student is attempting to determine the amount of aid that can be disbursed.   

  • The Federal Pell Grant is awarded based on enrollment intensity for term-based programs. Enrollment intensity is a percentage that represents how much a student is enrolled in compared to full-time enrollment, rounded to the nearest whole percent. For example, if a student is enrolled in 7 credit hours and full-time enrollment is 12 credit hours, their enrollment intensity would be 58%. Enrollment intensity cannot exceed 100% for Pell Grant proration. For direct subsidized and unsubsidized loans, a student must be attempting at least ½ time status (6 credits) to receive federal loan funds. 

Notice: 

The U.S. Department of Education determines eligibility, and they may update or change eligibility at any time without notice.  Joyce University may need to update eligibility as directed by the U.S. Department of Education.  If you have any questions, contact the Financial Aid Department for more information. 

Registration and Graduation Holds 

Students are required to have their account balance current prior to registering for classes or graduating from the University. Students that fail to meet their payment obligations may be placed on a registration hold until the account balance has been paid in full. A grad audit will take place to ensure balances are paid in full prior to graduation.  

Course Refresher/Review for Graduates (Course Audit)

Graduates may return to audit a course they have previously taken as a refresher. Eligibility is limited to courses offered in the program from which the student graduated from (when space is available). Credits will not be awarded. 

Students will be charged an audit fee of $100 per course.  Additionally, students will need to purchase any textbooks or materials used in the course at the published price.  Returning students will be required to adhere to all University policies outlined in the current catalog and student handbook. 

Financial Aid Guidelines for Re-Entry Following a Withdrawal 

If a student wishes to return to Joyce University, the catalog in effect at time of re-enrollment will apply including the curriculum, current tuition and fee rates. Students are required to meet satisfactory financial arrangements with the Financial Aid Office prior to re-entry. Any holds or outstanding balances are required to be paid in full before a student may be eligible for re-entry. Title IV funds cannot be used to pay off an existing balance with the University from any previous enrollments. Re-entry is subject to space availability and/or the approval of the reapplication process. More information can be found under the Re-Entry Policy in this Catalog.