Financial Aid

Types of Aid

Financial aid is a federal service that is provided free of charge. Help and guidance is available at the College’s financial aid offices at no cost. It is recommended that you exercise caution around any organization or person that offers to help you or provide services for a fee.

There are four major types of aid for students:

A grant is a form of financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund). A variety of federal grants are available, including Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), Teacher Education Assistance for College and Higher Education (TEACH) Grants, and Iraq and Afghanistan Service Grants. To learn more about grants, click here. 

 

Grants that are currently offered at Doral College Include: 

Pell Grant

Florida Student Assistance Grant Program

Many nonprofit and private organizations offer scholarships to help students pay for college or career school. This type of free money, which is sometimes based on academic merit, talent, or a particular area of study, can make a real difference in helping you manage your education expenses. To learn more about scholarships, click here. 

Scholarships that are currently offered at Doral College Include: 

Florida Bright Futures Scholarship Program

Jose Marti Scholarship Challenge Grant Program

Minority Teacher Education Scholars Program

Scholarships for Children/Spouses of Deceased or Disabled Veterans

The Federal Work-Study Program allows you to earn money to pay for school by working part-time. To learn more about Work-Study Programs, click here. 

 

Work-Study Programs that are currently offered at Doral College Include: 

Florida Work Experience Program

When you receive a student loan, you are borrowing money to attend a college or career school. You must repay the loan as well as interest that accrues. It is important to understand your repayment options so you can successfully repay your loan. To learn more about loans, click here.

Applying for Aid

Fill Out the FAFSA and Check Your Deadlines

To be considered for federal student aid for the 2021- 2022 award year, you may complete a Free Application for Federal Student Aid (FAFSA) between October 1, 2020 and midnight Central Time, June 30, 2022. Any corrections or updates must be submitted by midnight Central Time, September 11, 2022.

Many states and colleges have earlier deadlines for applying for state and institutional financial aid. The deadline for 2021- 2022 for Florida is May 15, 2021. Applications for state and institutional financial aid for award year 2021- 2022 will start being processed as of October 1, 2020.

Because of the variation in state and college deadlines, it is highly recommended that you fill out the FAFSA as soon as you can after October 1 to ensure that you do not miss out on available aid. One thing to consider, however, is that the FAFSA asks for your tax return information for the current year. Often, this information might not be available until the end of January, at the earliest. Keeping this in mind, you may choose to either wait until you or your family files income taxes for the year or complete your FAFSA using estimates derived from the previous year’s tax returns and other documentation. If you do this, you will need to return later and correct any discrepancies between the estimated values and the current year’s tax returns.

The fastest way to apply is electronically, but the application form can also be downloaded, printed and mailed in. Hard copies of the form are available at many high schools and colleges, or can be obtained by calling 1-800-4-FED-AID (1-800-433-3243).

Receiving Aid

You can view your awards and payment status on the student portal. Go to MaestroSIS.

Options for receiving funds:

  • Deposit to an existing account – Money is transferred to an existing account the same business day BankMobile receives funds from your school. Typically, it takes 1 – 2 business days for the receiving bank to credit the money to your account.
  • Paper Check Delivered by USPS – A check is mailed the same business day funds are received from your school, provided receipt is within daily cutoff times. Typically, it takes 5 – 7 business days for the check to arrive, depending on USPS First-Class® delivery timeframes.

Financial Aid Disbursements

The College processes refunds to students two weeks after the 100% refund date of the term. After that date, refunds will be processed on a weekly basis. Because classes start on different dates, the date of your disbursement may vary depending on the 100% refund date of your classes.

Maintaining Your Aid

  1. Students must maintain a minimum cumulative 2.0 GPA                                                          
  2. Students must maintain pace by earning 67% of the total number of all credits taken at Doral College as required in Federal guidelines.                                                                   
  3. Students must complete their program within the timeframe allowed (150%) specific to their program length.                                                                                                                                                
  4. Doral College will conduct SAP reviews at the end of each semester and will place students not make SAP on Federal warning.                                                                                              
  5. Doral College will outline the appeals process to students so that they may apply for reestablishing eligibility.  

The Satisfactory Academic Progress (SAP) Policy at Doral College applies to all undergraduate students  Further, it applies to all coursework attempted during all enrollment terms, including summer. SAP is evaluated at the end of each semester. The SAP Policy includes both qualitative and quantitative measures as follows:                      

  1. Maintaining a minimum cumulative 2.0 grade point average (qualitative);
  2. Meeting pace requirements by earning 67% of the total number of all attempted credits taken at DC, including transfer credits accepted toward the degree (quantitative); and
  3. Completing the program within the maximum timeframe allowed (150%), specific to the program length: Associate in Arts degree: three (3) years Bachelor of Science degree (upper division course work): three (3)years.

SAP Warning 

The first time a student fails to meet SAP, he or she will be put on SAP Warning and notified of this and reminded of all SAP Policy guidelines in writing.                      

 

SAP Probation

If a student on SAP Warning fails to return to SAP at the end of the semester, he/she will be put on SAP Probation and notified of this in writing. Probation lasts for one semester, but may be extended an additional semester if the student made progress, but not enough to meet SAP.                                         

 

SAP Dismissal

If a student on their final term of SAP Probation fails to return to good standing, he/she will be dismissed from Doral College and informed of this in writing

Responsibilities of a Loan Borrower

In addition to meeting the requirements in 34 CFR 685.304, DORAL COLLEGE will provide the following information to student borrowers during initial and exit counseling:                                                                                                                                                                       Repaying the loan.

  • Estimated balance of the borrower's loan(s) when the borrower completes the program.
  • Interest rate on the borrower's loan(s).
  • The name, address, and telephone number for the borrower's lender and/or loan servicer. • Estimated average amount of the borrower's required monthly payments on the loan's balance. (During exit counseling, the borrower is provided a sample loan repayment schedule based on the borrower's total loan indebtedness.)
  • Estimated monthly income that the borrower can reasonably expect to receive in his or her first year of employment based on the education received at the school.
  • Estimated date of the borrower's first scheduled payment.  

  • Dissatisfaction with, or non-receipt of, the educational services being offered by the school does not excuse borrowers from repayment of their FFEL or Direct Loans.
  • Borrowers must inform their lenders/loan servicers immediately of any change of name, address, telephone number, or Social Security number.
  • If a borrower is unable to make a scheduled payment, he or she should contact the lender before the payment's due date to discuss his or her other repayment options.                                                   

Doral College will provide a description of the charges imposed for the failure of a borrower to pay all or part of a scheduled payment when it's due. Details on the consequences of a borrower's failure to repay a loan, include: 

  •  A damaged credit rating for at least 7 years,
  • Loss of generous repayment schedule and deferment options, 
  • Possible seizure of Federal and State income tax refunds due,
  • Exposure to civil suit, 
  • Referral of the account to a collection agency,
  • Liability for collection costs and attorney's fees, 
  • Garnishment of wages, and
  • Loss of eligibility for further Federal Title IV student assistance.

Doral College is dedicated to keeping in touch with borrowers', as a result we: 

  • Will frequently review borrowers' in-school status to ensure that it recognizes instances in which borrowers withdraw without notice.  
  • Will contact borrowers during their grace period to remind them of the importance of the repayment obligation and of the consequences of default.  
  • Will track borrowers' delinquency status by obtaining reports from NSLDS and servicers.  
  • Will keep records updated regarding borrowers' addresses, telephone numbers, employers, and employers' addresses.  
  • if necessary, uses activities such as skip tracing and sending letters "Forwarding and Address Correction Requested" to maintain contact with borrowers who have moved.  
  • uses social media to stay in touch with borrowers. encourage students to keep their employment information current                                                                                                                    

Important Forms

Below are links to the forms commonly used in the Financial Aid Office. Please read the forms carefully and complete all required sections. Please upload the forms along with the required documentation.

Contact Us

Questions? Feel free to give us a call at 305–463-7210 or email us at financialaid@doral.edu