Financial Aid Brochure 2022-23

Satisfactory Academic Progress Students who receive Federal Title IV Aid (e.g. Pell Grant and/or Federal Loans) must maintain a GPA consistent with the Satisfactory of Academic Progress (SAP). A student must also successfully complete (“D” or better in each course) the clock hours in a payment period in order to progress to the next period and be eligible for additional Title IV funds. SAP is evaluated after successful completion of 16 weeks of coursework for freshmen students. A student progressing as a sophomore will be evaluated at 31 weeks and again at 47 weeks. Please see the Student Handbook for additional details. A student whose cumulative GPA falls below the SAP may lose their right to receive further Federal Title IV Aid. A student may regain this privilege by raising their GPA in a subsequent period. In this case, a Student Direct Loan or PLUS Loan may be applied retroactively for the prior period in which the grades improved. A Pell Grant may not be reinstated retroactively. Deadlines Unless otherwise noted, the deadline for completed FAFSA documentation and the general scholarship application is May 31, 2022. Scholarship Applications cannot be processed until the FAFSA is completed. Some scholarships have limited funding. Applications received by this deadline will receive preferred funding status.

Applications received after the deadline and/or funding has expired may be declined.

Disclosure • All schools operate their Financial Aid processes differently. Please be sure to follow all instructions and recommendations as outlined in our Financial Aid material. • Institutional scholarships may not exceed $8,000. • Students who receive financial aid will be sent a College Financing Plan for the award year. The College Financing Plan details how much financial aid is being applied in the award year.

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