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• The College tries to keep the financial aid package
as similar as possible from year to year if the families’ circumstances
have not changed considerably.
• Some of the most important
factors we consider in our decisions include parent & student income,
parent & student assets, family size and number in college.
• Some funds have specific EFC or academic requirements that
we cannot control.
• We recommend that you apply by the priority deadline to
receive full consideration.
• Students are eligible to receive financial aid for up to eight
full-time semesters or until degree requirements are completed, whichever
comes first.
• Students must maintain Satisfactory Academic Progress to
renew aid.
To be eligible for financial aid you must meet the
following academic progress standards (both the minimum
credits and CGPA):
At completion
of semester of
attendance
|
Class level |
Minimum cumulative
earned credits
required
|
Minimum cumulative grade point average
required (CGPA)
|
| First |
Freshman |
12 |
1.50 |
| Second |
Freshman |
28 |
1.75 |
| Third |
Sophomore |
44 |
1.85 |
| Fourth |
Sophomore |
60 |
2.0 |
| Fifth |
Junior |
78 |
2.0 |
| Sixth |
Junior |
96 |
2.0 |
| Seventh |
Senior |
112 |
2.0 |
| Eighth |
Senior |
128 |
2.0 |
• Your progress is reviewed
after the spring semester of each year.
• If you fail to meet the criteria, you may have
one semester of probation. During probation you may receive
aid. At the end of your period of probation you must meet the benchmarks
(including earned credits and cumulative grade point average) we establish
for you before you will receive aid again.
• Mitigating circumstances should
be documented and brought to the attention of the Associate Dean for Financial
Aid.
• Part-time students receiving
aid are also required to meet academic progress standards. To determine
how many credits you must earn, multiply the cumulative credits by 75%
if you are attending on a three-quarter time basis (9-11 credits per semester),
or by 50% if you are attending on a half-time basis (6-8 credits per semester).
You must be at least half-time to receive financial aid. You must also
meet the cumulative grade point average indicated for the number of credits
you are required to have completed. For example, a half-time student in
his or her eighth semester must have earned at least 64 credits and have
at least a 2.0 CGPA.
• Even if you must repeat courses, you must still
meet the minimum standards in the chart above.
• Some students need to enroll in our May term
or in summer school. Be sure to have courses pre-approved at the Academic
Records Office.
• You may receive College aid for up to eight
full-time semesters. You may receive federal aid for only 150% of the
normal degree completion time frame.
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