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Policies

Navigate through the drop-down links on this page for important information.

  • Student Lending Code of Conduct
    La Roche University is committed to providing students and their families with the best information and processing alternatives available regarding student borrowing. In support of this and in an effort to rule out any perceived or actual conflict of interest between La Roche University officers, employees or agents and education loan lenders, La Roche University has adopted the following:
    • La Roche University does not participate in any revenue-sharing arrangements with any lender.
    • La Roche University does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any gifts of greater than a nominal value from any lender, guarantor or servicer.
    • La Roche University does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept any fee, payment or other financial benefit (including a stock purchase option) from a lender or affiliate of a lender as compensation for any type of consulting arrangement or contract to provide services to a lender or on behalf of a lender relating to education loans.
    • La Roche University does not permit any officer, employee or agent of the school who is employed in the financial aid office or is otherwise involved in the administration of education loans to accept anything of value from a lender, guarantor, or group of lenders and/or guarantors in exchange for service on an advisory board, commission or other group established by such a lender, guarantor group of lenders and/or guarantors. La Roche University does allow for the reasonable reimbursement of expenses associated with participation in such boards, commissions or groups by lenders, guarantors, or groups of lenders and/or guarantors.
    • La Roche University does not assign a lender to any first-time borrower through financial aid packaging or any other means.
    • La Roche University recognizes that a borrower has the right to choose any lender from which to borrow to finance his/her education. La Roche University will not refuse to certify or otherwise deny or delay certification of a loan based on the borrower's selection of a lender and/or guarantor.
    • La Roche University will not request or accept any offer of funds to be used for private education loans to students from any lender in exchange for providing the lender with a specified number or volume of Title IV loans, or a preferred lender arrangement for Title IV loans.
    • La Roche University will not request or accept any assistance with call center or financial aid office staffing.
  • Academic Progress Policy
    In order to qualify for Federal financial aid (Federal Pell Grant, Federal SEOG, Federal Work-Study, Federal Direct Subsidized Loan, Federal Direct Unsubsidized Loan, Federal Direct PLUS Loan and Federal Direct GradPLUS Loan) and/or any La Roche funded scholarship or grant, a student must maintain satisfactory academic progress as established by the college in accordance with federal guidelines.

    Undergraduate Satisfactory Academic Progress Definition
    Satisfactory academic progress for Undergraduate financial aid recipients is defined as follows:
    • Successful completion of 67% of all credits attempted each semester;
    • A minimum 2.00 Grade Point Average (G.P.A.) must be obtained each semester;
    • A bachelor’s degree must be earned within 180 attempted required credits.
    • Courses may be repeated only once to be counted toward making satisfactory academic progress. Students will not receive financial aid for courses attempted more than twice.
    • “W,” “I,” “NC,” and “F” grades will count as credits attempted with zero credits earned.
    • Passed grades “P” and “P+” will count as credits attempted and earned toward grade level progression but will not count in the G.P.A.
    • Remedial courses will be counted toward enrollment status for the semester.
    • Remedial courses will not be counted as credits attempted and earned and calculated into the G.P.A. for the semester that the student received financial aid.
    • Remedial courses will not count toward grade level progression for student loans.
    • Remedial courses may count toward PHEAA State grant progress in certain circumstances.
    • Transfer credits will count as courses earned toward grade level progression but will not count in the G.P.A.
    • LRX classes will count as credits attempted and earned and will count toward grade level progress.
    Satisfactory academic progress is checked at the end of each semester.
    • Students who do not meet the definition of satisfactory academic progress according to the above definition are placed on Financial Aid Warning status and will receive financial aid for one additional semester.
    • If the student meets the definition of satisfactory academic progress at the end of the warning status semester, the warning status will be removed and the student may continue to receive financial aid.
    • If the student does not meet the definition of satisfactory academic progress at the end of the warning status semester, the student will be placed on Financial Aid Suspension status and all federal financial aid and La Roche scholarship and grant aid will be suspended until the student once again meets the criteria.
    • Students who feel they have extenuating circumstances may appeal the suspension of financial aid in writing and clearly outline the special or unusual circumstances which contributed toward their lack of progress using the appeal form that will be enclosed with their suspension letter.
    • If the student’s appeal is approved, the student will be place on Financial Aid Probation status and will receive financial aid for one final semester.
    • If the student meets the definition of satisfactory academic progress at the end of the probation status semester, the probation status will be removed and the student may continue to receive financial aid.
    • If the student does not meet the definition of satisfactory academic progress at the end of the probation status semester, the student will be placed on Financial Aid Suspension status and all federal financial aid and La Roche scholarship and grant aid will be suspended until the student once again meets the criteria.
    Graduate Satisfactory Academic Progress Definition
    Satisfactory academic progress for Graduate financial aid recipients is defined as follows:
    • Successful completion of 75% of all credits attempted each semester;
    • A minimum 3.00 Grade Point Average (G.P.A.) must be obtained each semester.
    • A master’s degree must be earned within 50 attempted required credits.
    • Courses may be repeated only once to be counted toward making satisfactory academic progress. Students will not receive financial aid for courses attempted more than twice.
    • "W,” “I,” and “F” grades will be calculated as credits attempted with zero credits earned.
    Satisfactory academic progress is checked at the end of each semester.
    • Students who do not meet the definition of satisfactory academic progress according to the above definition are placed on Financial Aid Warning status and will receive financial aid for one additional semester.
    • If the student meets the definition of satisfactory academic progress at the end of the warning status semester, the warning status will be removed and the student may continue to receive financial aid.
    • If the student does not meet the definition of satisfactory academic progress at the end of the warning status semester, the student will be placed on Financial Aid Suspension status and all federal financial aid and La Roche scholarship and grant aid will be suspended until the student once again meets the criteria.
    • Students who feel they have extenuating circumstances may appeal the suspension of financial aid in writing to the Director of Financial Aid.
    • If the student’s appeal is approved, the student will be place on Financial Aid Probation status and will receive financial aid for one final semester.
    • If the student meets the definition of satisfactory academic progress at the end of the probation status semester, the probation status will be removed and the student may continue to receive financial aid.
    • If the student does not meet the definition of satisfactory academic progress at the end of the probation status semester, the student will be placed on Financial Aid Suspension status and all federal financial aid and La Roche scholarship and grant aid will be suspended until the student once again meets the criteria.
  • Title IV Refund Policy
    The Financial Aid Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60% of a payment period or term. The federal Title IV financial aid programs must be recalculated in these situations. If a student leaves the institution prior to completing 60% of a payment period or term, the financial aid office recalculates eligibility for Title IV funds.

    Recalculation is based on the percentage of earned aid using the following Federal Return of Title IV funds formula:

    Percentage of payment period or term completed = the number of days completed up to the withdrawal date divided by the total days in the payment period or term. (Any break of five days or more is not counted as part of the days in the term.) This percentage is also the percentage of earned aid.

    Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula:

    Aid to be returned = (100% of the aid that could be disbursed minus the percentage of earned aid) multiplied by the total amount of aid that could have been disbursed during the payment period or term.

    If a student earned less aid than was disbursed, the institution would be required to return a portion of the funds and the student would be required to return a portion of the funds. Keep in mind that when Title IV funds are returned, the student borrower may owe a debit balance to the institution.

    If a student earned more aid than was disbursed to him/her, the institution would owe the student a post-withdrawal disbursement which must be paid within 120 days of the student's withdrawal. The institution must return the amount of Title IV funds for which it is responsible no later than 30 days after the date of the determination of the date of the student's withdrawal. Refunds are allocated in the following order:
    • Unsubsidized Federal Stafford Loans
    • Subsidized Federal Stafford Loans
    • Federal Graduate PLUS Loans
    • Federal Parent (PLUS) Loans
    • Federal Pell Grants
    • Federal Supplemental Opportunity Grants