Eligibility for Financial Aid Sample Clauses

Eligibility for Financial Aid. Being the Account Owner or Beneficiary of an Account may impact eligibility for financial aid. For federal financial aid purposes, if the Account Owner is the student’s parent, the available balance may be treated as a parental asset, as is the case with other financial assets of the parent that are considered in determining federal financial aid eligibility. As a general matter, a smaller percentage of such parental assets (under current law, a maximum of 5.64%) than of student assets (under current law, in each year 20%) is deemed available in each year to the student for federal financial aid purposes, and accordingly parental assets generally have a lesser impact than student assets for purposes of determining federal financial aid eligibility. In cases where an Account is owned by the dependent student, or by a Custodian for a dependent student (e.g., through an UTMA/UGMA funded Account), under current law, the available balance in the Account is treated as a parental asset for purposes of determining federal financial aid eligibility. In cases where an independent student is the Account Owner, whether through an UTMA/UGMA Custodian or directly, the available balance is treated as a student asset for purposes of determining federal financial aid eligibility. Assets in an Account not owned by a parent or student (such as non-UTMA/UGMA Accounts opened by a grandparent as Account Owner) generally are not considered in the student’s need analysis for federal financial aid purposes. Some educational institutions do consider the balances in a Section 529 savings program account when determining eligibility for financial aid provided by such institutions. Being an Account Owner or Beneficiary of an Account may impact eligibility for non-federal financial aid opportunities. Federal financial aid eligibility is subject to change. You should consult your financial aid representative for more information. Principal Risks of the Underlying Funds There can be no assurance that the Underlying Fund(s) will be successful. There can be no guarantee that an Underlying Fund will meet its investment objective or that the performance of an Underlying Fund will be positive for any period of time. Please see the Principal Risks of the Underlying Funds described in Appendix A. Performance The tables below show the historical performance of each Class of Unit of each Investment Option available as of June 30, 2021. To obtain up-to-date performance information for any currentl...
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Eligibility for Financial Aid. The treatment of Account assets may have a material adverse effect on the Designated Beneficiary’s eligibility to receive assistance under various federal, state, and institutional financial aid programs. Account Owners and Designated Beneficiaries are advised to consult a financial aid professional and/or the state or educational institution offering a particular financial aid program, to determine how assets held in an Account may affect eligibility for financial aid. For more information about financial aid, see “FINANCIAL AID CONSIDERATIONS” on page 126.
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Eligibility for Financial Aid. In making decisions about eligibility for financial aid programs offered by the U.S. government and the amount of such aid required, the U.S. Department of Education takes into consideration a variety of factors, including but not limited to, the assets owned by the student (i.e., the Designated Beneficiary) and the assets owned by the student’s parents. The U.S. Department of Education generally expects the student to spend a substantially larger portion of his or her own assets on educational expenses than the parents. • For federal financial aid purposes, Account assets will be considered (i) assets of a student’s parent, if the student is a dependent student and the owner of the Account is the parent or the student, or (ii) assets of the student, if the student is the owner of the Account and not a dependent student. • For purposes of financial aid programs offered by states, educational institutions and non-federal sources, the treatment of Account assets may follow or differ from the treatment described above for federal financial aid purposes. College SAVE Accounts are not included in determining eligibility for North Dakota state financial aid programs. If you are not a North Dakota resident, check with your state of residence to determine its requirements. Participants and Designated Beneficiaries are advised to consult a financial aid professional and/or the state or educational institution offering a particular financial aid program, to determine how assets held in an Account may affect eligibility for financial aid. The federal and non-federal financial aid program treatment of assets in a 529 Plan are subject to change at any time. You should therefore check and periodically monitor the applicable laws and other official guidance, as well as particular program and rules and requirements to determine the impact of assets on your Account on eligibility under particular financial aid programs. No Guarantee That Investments Will Cover Qualified Expenses; Inflation and Qualified Expenses. There is no guarantee that the money in your Account will be sufficient to cover all of a Designated Beneficiary’s Qualified Expenses, even if contributions are made in the maximum allowable amount for the Designated Beneficiary. The future rate of increase in Qualified Expenses is uncertain and could exceed the rate of investment return earned by any or all of the Portfolios over any relevant period of time. The rate of future inflation in Qualified Expenses is u...
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Eligibility for Financial Aid. Being the Account Owner or Beneficiary of an Account may adversely affect your eligibility for financial aid. In making decisions about eligibility for financial aid programs offered by the U.S. government and the amount of aid required, the U.S. Department of Education takes into consideration a variety of factors, including the assets owned by the student (i.e., your Beneficiary) and the assets owned by the student’s parents. The U.S. Department of Education generally expects the student to spend a substantially larger portion of his or her own assets on educational expenses than the parents. For purposes of these federal programs, available balances in a 529 plan account are treated as an asset of
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Related to Eligibility for Financial Aid

  • Eligibility for Pay An employee granted military leave for emergency National Guard duty is entitled to receive regular University pay for a period not to exceed thirty (30) calendar days in any one (1) fiscal year. An employee is eligible for pay regardless of the length of University service, and such pay is in addition to any University payment for temporary military leave for active-duty training, extended military leave, and military leave for physical examinations.

  • Eligibility for Holiday Pay A. An employee must be paid for all or a portion of both the regularly scheduled working assignment immediately prior to a holiday and the regularly scheduled working assignment immediately after that holiday in order to receive holiday pay. With County approval, compensatory time earned for working on a holiday or for a holiday falling on a regularly scheduled day off may be taken on the first scheduled working day after the holiday.

  • Eligibility for Payment a) i) Except in the case of a disability arising out of an accident, an employee shall be eligible to receive an amount of disability benefit in accordance with Section 3 hereof, for a period not exceeding 52 weeks for any one illness, beginning after three (3) continuous days from the commencement of the disability, or beginning on the first day of hospital confinement as a bed patient, if earlier.

  • Eligibility for Benefits A member will not be eligible to receive Long Term Disability benefits until their Income Protection benefits have expired.

  • Eligibility for Group Participation This section describes eligibility to participate in the Group Insurance Program.

  • Member Eligibility Verify Member eligibility contemporaneous with the rendering of services. BCBS will provide systems and/or methods for verification of eligibility and benefit coverage for Members. This is furnished as a service and not as a guarantee of payment;

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Eligibility for Membership Membership in the Sick Leave Bank shall be extended to any certificated employee of the School District who has accumulated one (1) day of personal sick leave as defined by Idaho Code 33-1216 and 33-1217.

  • Family Member Eligibility For purposes of this section, “eligible family member” shall be defined by the Public Employees’ Medical and Hospital Care Act and includes domestic partners that have been certified with the Secretary of State’s office in accordance with AB 26 (Chapter 588, Statutes of 1999).

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