Many students receive some form of federal financial aid. If this is the case, you should know that there are specific requirements that must be met for your son/daughter to keep the financial aid. The relevant requirements are based on GPA and the percent of courses successfully completed. Here are some facts that you should be aware of concerning your student’s federal financial aid.
1. The first time a student falls below one or both of the GPA and completion requirements, the student will receive a financial aid warning
2. Should your student not meet the requirements after the next semester, the financial aid will be lost.
3. Students can appeal the loss of financial aid for good reason and with a convincing plan for meeting the requirements.
4. Students need to successfully complete 67% of their classes. An F grade, a withdrawal from a course, or an incomplete in a course will count as an unsuccessful completion.
5. The GPA required can vary from university to university. The required GPA will also vary upon the credit hours you have attempted. Typically first-year and sophomore students have GPA requirements a little below 2.00. After the sophomore year ,the GPA requirement will be 2.00 or maybe above.
6. Should your student lose financial aid, it can be restored later if the requirements are met.
Attached is a description of how you can determine the financial aid eligibility for your student. Remember that these requirements only apply to federal financial aid. Other forms of financial aid may have different requirements.
Students will need to file a financial aid appeal. They will need an advisor’s help on this. On most campuses, there is a very short window to complete this appeal.
Determining Satisfactory Progress
|Compare your GPA to the required GPA. The required GPA will depend upon the credit hours attempted (See the attached example for all these steps).|
|Determine the percent of classes completed. This is done by dividing the total credit hours earned by the total credit hours attempted. This percentage needs to be at least 67%. A grade of F, W, or I (Incomplete) is not a satisfactory completed course.|
|Determine what the projected GPA will be after the next semester.|
|Determine the projected percent completion after the next semester.|