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Student Financial Responsibilities SADE

In order to ensure your understanding of our policies and procedures, we have provided brief overviews of what you need to know.

Withdrawal Policy
 Credit Refund Policy
Withdrawal Information
 
If a student must withdraw from the College before the
completion of studies, he/she is first required to consult
with the Primary Instructor of his/her cohort, and submit
a status change form (see Appendix A) to the SADE office.
Please note that the effective date of withdrawal will be
according to the date the student notifies the Registrar.
Please be aware that withdrawal from the program will affect a
student’s eligibility for financial aid, loan deferments and
scholarships/grants. Until the SADE office is notified, absences
continue to accumulate. Students should read the College refund
policy at the beginning of this handbook.
 
Withdrawals: If a student finds it necessary to withdraw from
the program, he/she will receive credit for any courses completed.
Withdrawal from the program will jeopardize any financial aid for
the remainder of the academic year. (These regulations have been
set by the Federal and State Governments.)
 
For financial adjustment in case of withdrawal, please call the Office
of SADE Financial Services at (845) 358–5360, extension 4478.
Re-admissions: Students who fail to officially withdraw from the
program must apply for re-admission to the program. If approved
for re-admission, a student may join the next appropriate class
and pay the current tuition and fees. SADE Student Handbook 41 
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Credit Refund Policy (2007-2008)

A. 2007-2008 REFUND POLICY
Since Nyack College School of Adult and Distance Education is
on a modular schedule, our refund policy for students wishing
to withdraw differs slightly from most traditional programs.
Any credit balance will be used first to cover all educational,
expenses first. The remaining credit balance will remain on 
account until the Office of Student Financial Services is notified
via, Refund Request Form.  
 
Credit refund request forms must be received by the Office of
Financial Aid by12:00pm Friday in order for a credit refund to
be processed and mailed by the following Friday. Requests
submitted after the 12:00pm deadline Friday (Monday –Thursday)
will not be mailed for 14 business days. Students must have a
credit on their account (over and above tuition, and fees for the
current term) in order for the refund to be processed.
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Satisfactory Academic Progress(SAP)
To be making satisfactory academic progress in the first of
the two semesters at Nyack, students must earn at least
10 credits with a 1.7 G.P.A. In order to graduate at the end
of the second semester, however, students must complete
the 32 required credits with a cumulative 2.0 G.P.A.
 
If a student does not have the required 10 credits
AND a G.P.A. of 1.7, the student will NOT be eligible
to receive any financial aid for the second semester.
This includes any loans, grants or scholarships. In order to
continue attending Semester Two, the student will be required
to pay the tuition in full before the first week of Semester Two
(week 27). If a student must stop out of the cohort after Semester
One, the student may transfer into another cohort after the required
academic standard has been met.
 
New financial aid paperwork must be completed before any
student may return to the Accelerated Bachelor’s Degree
Program. Students in jeopardy of not meeting Satisfactory
Academics Progress will be notified in writing on the fourth
night of Worldviews in the Global Market (week 24). If you
are granted an academic waiver (Page 29 Section E) to continue
in Semester Two and have not earned the required 10 credits
AND have a 1.7 GPA from Semester One, you are not eligible to
receive any federal, state or institutional aid.
 
E. SATISFACTORY ACADEMIC PROGRESS - PROBATION
Students who end Semester One with five (5) or fewer credits
completed, or less than a 1.7 Grade Point Average, will be
administratively withdrawn from their cohort. An appeal form
is available on our website for students who wish to appeal for
permission to stay in the ADC program. Students who finish
Semester One with six (6) to nine (9) credits will be automatically
placed on academic probation for the first eight weeks of Semester
Two. If by the end of 8 weeks they have still not attained 10 credits
or a 1.7 GPA, they will be administratively withdrawn.
There is no appeal of this decision.
 
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Inter-semester Balances Due
 
 
Students who have not paid their previous semester/trimester
in full and/or have not solidified payment arrangements for the
next semester/ trimester will be placed on hold and will be unable
to proceed into the next semester/trimester. Students are notified on
the third night of Faith and Worldview for the Adult Degree Completion
Program, and are required to have completed all necessary paperwork
and payments by no later than one week prior to the start of their semester.
 
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Finance Charge Policy

 
It is important for students to be aware that a 1.5% finance charge is
placed on accounts with greater than a zero balance each month, for
a total of 19.6% per year. While students enrolled in the Nelnet Business
Solutions Automatic Payment Plan are exempt from receiving finance
charges, students with a greater than zero balance are responsible for
paying both the balance and the accruing finance charges.
 
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From the President

Nyack President Michael ScalesThanks for Coming Home to Nyack! A big thank you to those who took the time and effort to attend Homecoming 2008—truly a weekend that will long be remembered. And congratulations to the classes of  ‘53, ‘58, ‘63, ‘68, ‘73, ‘78, ‘83, ‘88, ‘93, ‘98...
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