Posts: 1
Threads: 1
Likes Received: 0 in 0 posts
Likes Given: 0
Joined: Jun 2012
Hi
I want to attend a local university, but I want to CLEP out of the intro freshman credits and one semester of sophomore credits. I was wondering, will I
be required to take on 15 credits a semester in order to get financial aid disbursements? How will this affect refund checks? Will I essentially get all of the excess back in a refund check? My EFC will be zero, so I expect to get a combination of loans as well as grants.
•
Posts: 10,965
Threads: 651
Likes Received: 1,882 in 1,165 posts
Likes Given: 442
Joined: Apr 2011
You need to take at least 6 credits per semester to be eligible for financial aid. That will only get you half of the maximum amount of financial aid you qualify for. To be considered full-time and to get the full disbursement, you need to take at least 12 credits per semester.
How much you get back depends on the cost of tuition at your school. You will get any excess back in a refund check. I used my refund check to pay for CLEPs and DSSTs.
Graduate of Not VUL or ENEB
MS, MSS and Graduate Cert
AAS, AS, BA, and BS
CLEP
Intro Psych 70, US His I 64, Intro Soc 63, Intro Edu Psych 70, A&I Lit 64, Bio 68, Prin Man 69, Prin Mar 68
DSST
Life Dev Psych 62, Fund Coun 68, Intro Comp 469, Intro Astr 56, Env & Hum 70, HTYH 456, MIS 451, Prin Sup 453, HRM 62, Bus Eth 458
ALEKS
Int Alg, Coll Alg
TEEX
4 credits
TECEP
Fed Inc Tax, Sci of Nutr, Micro, Strat Man, Med Term, Pub Relations
CSU
Sys Analysis & Design, Programming, Cyber
SL
Intro to Comm, Microbio, Acc I
Uexcel
A&P
Davar
Macro, Intro to Fin, Man Acc
•
Posts: 800
Threads: 35
Likes Received: 251 in 167 posts
Likes Given: 462
Joined: Aug 2009
sanantone Wrote:You need to take at least 6 credits per semester to be eligible for financial aid. That will only get you half of the maximum amount of financial aid you qualify for. To be considered full-time and to get the full disbursement, you need to take at least 12 credits per semester.
How much you get back depends on the cost of tuition at your school. You will get any excess back in a refund check. I used my refund check to pay for CLEPs and DSSTs.
^That. Also, be prepared to wait at least a few weeks before they send out your check, if you get one. You should get some sort of bill that tells you exactly how much all of your classes cost and how much financial aid you are getting. You should be able to do the math and figure out your refund from that. Call your school's financial aid office to get that information, if you don't have it already.
My suggestion would be to talk to your advisor and let them know that you will be CLEPing out of those classes, so you can schedule others instead. It may be a little more difficult if the classes you want to CLEP are pre-reqs for others. It may take a bit of planning, but it shouldn't be too much trouble.
IN-PROGRESS:
???
MAYBE:
Texas A&M University-Commerce -
BAAS General Studies
BAAS Organizational Leadership
COMPLETED:
Southeast Tourism Society - TMP (02/2020)
Pierpont Community and Technical College - AAS BOG, AOE: English (12/2018)
FEMA - PDS Certificate (04/30/2014)
GED (11/16/2004)
•