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Policies and Procedures
Aid Programs & Meeting Federal Regulations
The following outlines the College's policies and procedures.
Outside Scholarships: Outside scholarships will first reduce the self-help portion (loan and/or job) of the need-based aid package. Any outside scholarship amount in excess of the self-help portion or in excess of federal eligibility may reduce the Franklin & Marshall grant. Students must notify the Office of Financial Aid upon receipt of all outside scholarships/awards. The College strongly encourages students to pursue outside scholarships. Information on potential sources of outside funding can be found on the Office of Financial Aid’s website, www.fandm.edu/financialaid, in most high school guidance offices or on websites such as www.fastweb.com.
Enrollment Status and College-based Funds: College-based funds, need-based and non-based, is limited only to students with full-time status. Students who drop below full-time status, fewer than 3 courses in a semester, are no longer eligible to receive College-based funds. Should students change enrollment status to below full-time, the Office of Financial Aid will make the appropriate changes to financial aid packages following notification from the Dean's Office.
