Seeking Student Financial Aid and Student Loans
Seeking Student Aid and a Student Loan
By iStudentLoan
Eligibility for Federal Student Aid
Students who wish to gain eligibility to student aids should be able to complete at least Eighty percent of their credits for each school year - Those enrolled in undergraduate courses should have 15 to 18 credits per semester. For graduate students to be eligible they need to have at least 9 credits per semester and they should be able to complete at least 80% of those credits.
For part-time students, they are required to complete all their credits.
Subjects that will be dropped or failed during the semester will not count as part of the completed credits. Each semester, each student’s performance is evaluated to establish whether or not he or she is still eligible for financial aid in the remaining academic years.
Only students who have been consistent with the least credit requirements for each semester and those who do not go beyond the right number of semesters to finish their programs are considered to have successfully maintained their academic standing. They will be eligible to continuously receive student aid for the next enrollment.
Conditions for the Probationary Status
Applicants who are enrolled in associate degrees and baccalaureate programs but are not able to successfully finish the mandatory yearly academic credits will be put under a probationary period. The purpose for this is not to serve as a punishment but to determine if a student will have improvements in the performance or at least keep his grade up to par with the standards of the student aid. Full-time students who have applied for student aid should be able to successfully finish 24 units. Part-time students should be able to finish all attempted units.
Those who are not able to make it through the probationary period will be put under the status ‘unsatisfactory’. Unfortunately, they will be denied student aid and student loans for the next enrollment periods, aside from a private student loan.
This will remain so unless such students are able to successfully finish at least 12 units with a grade point average of at least 2.00 or higher. This should be accomplished without canceling, dropping, failing, withdrawing any subjects or dropping the whole semester.
For graduate students, the probationary period is not applicable. Graduate students who are not able to successfully finish the required units will not be entitled to probation.
Not being able to successfully continue
Not all students are created equal when it comes to academic prowess. There are students who, as hard as they try, fail to make the required yearly credit limit or have used up their one-time probation period. Should this happen, these students will become ineligible to receive financial assistance.
However, there is still a chance for them to regain eligibility. This will happen when such students are able to acquire the required minimum credits without the help of Federal Student Aid.
Such students can also enroll in a different educational institution.
For students who withdraw from the University for at least two semesters, regardless of the reason including summer classes will be considered ineligible for student aid. This will only be lifted when they have shown significant improvement in their academic performance.
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Tags: financial aid, student loans