Fresh Start: Ƶ Student Debt Payback Program | Ƶ

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Fresh Start: Ƶ Student Debt Payback Program

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The Fresh Start: Student Debt Payback Program is intended to help students who have previously attended Ƶ, did not graduate, and want to come back to Ƶ to finish their credential. Their prior debt to the Ƶ will be paid over time upon successful entry into the program and completion of the program requirements. This is not a student loan forgiveness program.

Who Qualifies?

  • Students who have not earned a diploma/degree.
  • Students who have a past due account balance of $2,000 or less.
  • Students who have not been enrolled with Ƶ for a semester at the time of Fresh Start application.
  • Students who have a completed FAFSA for the current year with Ƶ as the selected Ƶ.
  • Students who have a means to pay for future coursework through financial aid or other sources
  • Preference may be given to students who can complete their chosen credential within two semesters.
  • No more than one Return to Title IV payment currently owed.

What are the Program Requirements after being Accepted into the Program?

  • Regularly check and respond to emails from Ƶ success team.
  • Complete a financial enrollment meeting with the business office.
  • Register for a minimum of six credits each semester (or whatever SAP approves) until credential is received. Summer requires a minimum of three credit hours (or whatever SAP approves).
  • Limit coursework to only those courses required for graduation.
  • Earn a minimum of a "C" grade in each course 
  • Meet all financial aid student and account balance requirements.
  • Meet monthly with a Success Coach.
  • Attend required tutoring sessions or other support sessions if recommended by instructor, coach, or advisor.

How is My Balance to Ƶ Forgiven?

A student's balance with the Ƶ is forgiven in either increments of $500 per semester (or total amount owed if less than $500) based on the amount owed or the number of semesters it takes to complete a credential (diploma or associate degree). The final payment will equal the remaining balance when a student satisfactorily completes the Fresh Start Program. Some debt may be paid in full after one successful semester. Students must be enrolled at least part-time and maintain Satisfactory Academic Progress to remain eligible. Debt from other Ƶs will not be paid as part of this program.

Example 1: Student left Ƶ owing a balance of $1,000 in 2017 and their account has been turned over to the Department of Revenue. Student returns to Ƶ and enrolls as a full-time student. Student successfully completes the first semester. Ƶ pays $500 of the student's past-due balance. Student enrolls for the next semester. At the end of that successful semester, Ƶ pays the other $500 of the past-due balance.

Example 2: Student left Ƶ owing a balance of $400 in 2016 and their account was not turned over to the Department of Revenue. Student returns to Ƶ and enrolls in as a part-time student. Student finishes the diploma in with one semester. Ƶ posts payment to student account to offset the $400 balance at the end of the semester.

Example 3: Student has balance due of $2,000 from Spring 2020. Student returns to Ƶ and enrolls as a part-time student. Student continues to work successfully on their credential for 3 semesters. $500 is paid for two semesters on the balance and the last semester when credential is complete, the remaining $1,000 is paid.

*Ƶ may “pay” balances through a scholarship or an Enrollment Management waiver, depending upon fund availability.

LIMITED SPACES AVAILABLE

Please fill out the form below and we will contact you about the Fresh Start program.

* Campus Location
* I understand I am required to regularly check my email and communicate with the Fresh Start team.
 

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