FINANCIAL AID FUNDS. If the student obtains a loan to pay for the educational program, the student will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund. If the student has received federal student financial aid funds, the student is entitled to a refund of the money not paid from federal student financial aid program funds. If a student is eligible for a loan guaranteed by the federal or state government and the student defaults on the loan, both of the following may occur:
FINANCIAL AID FUNDS. Financial Aid is a percentage of net unit profits and is determined by the Board of Directors. The financial aid return to the U.S. Forest Service units shall be a minimum of 10 percent of net unit profits and a maximum not to exceed 25 percent of net unit profits. Financial aid will be awarded during County and Association’s annual meeting. Profit is figured by beginning inventory plus purchases, plus transfers-in, minus transfer-out, minus ending inventory, which equals cost of sales; Gross sales minus misc. (taxes and non-sufficient funds returns), minus cost of sales, which equals the profit; the profit times 20-25 percent (average rate of net unit profits) equals financial aid return.
