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Financial Aid Requirements


MAINTAINING YOUR FINANCIAL AID

Students must meet satisfactory academic progress in order to continue to receive financial aid. There are three components to satisfactory academic progress: qualitative, quantitative and maximum timeframe. The qualitative component requires a student to achieve a certain grade point average based on the number of credit hours attempted. The quantitative component requires that students complete a certain number of credits based on the number of hours attempted. The charts below outline the requirements of federal and state financial aid recipients. Students must meet all components in order to continue receiving their financial aid.


FEDERAL FINANCIAL AID ACADEMIC PROGRESS REQUIREMENTS

After this many hours attempted

0-12.....13-24.....25-36.....37-48.....49-60.....61-72.....73-84.....85-96

This many credits must be accrued

3…………6……….15……. 27………39………51………63……...75

This grade point average must be maintained

1.0…….1.26…….1.51…...1.76……2.00…….2.0……..2.0……..2.0

This many hours must be completed

6……….. 6………..9……….9……….12……..12………12……….12


Note: Part-time students need to complete the following percentages of hours attempted:

50………50……. ..75……..75………100…….100…….100…….100


NEW YORK STATE ACADEMIC PROGRESS REQUIREMENTS
After This Award

1...........2...........3...........4...........5...........6

This many credits must be accrued.

3...........9..........18.........30.........45.........60

This grade point average must be attained.

1.0........1.5.......1.75......2.0........2.0........2.0

In the semester of this award, this many hours must be completed.

6...........6...........9...........9...........12.........12


Students who fall below these minimums may apply for a waiver based on stringent, documented,extenuating circumstances beyond the student’s control. Waivers are not automatically approved. All decisions of the Appeals Committee are final. If granted an appeal, students must maintain progress thereafter as outlined in this catalog. Student are allowed only one (1) waiver during their academic career, regardless of where the student attends college unless the waiver is received for not maintaining a 2.0 cumulative GPA after four semesters of TAP.