Financial Aid recipients must demonstrate through their scholastic records that they are making satisfactory academic progress toward completion of their program(s) of study in order to maintain eligibility for any form of federal or seminary financial assistance. Academic progress for financial aid is measured at the end of the fall, spring and summer terms utilizing the following qualitative standard. The quantitative standard is reviewed at the end of each semester each year to access the maximum time frame and course completion rate.
Qualitative Standards for Financial Aid Eligibility
This standard measures a student’s quality of performance in terms of courses successfully completed and must maintain a PTS cumulative grade point average (GPA) of 2.0.
Quantitative Standards for Financial Aid Eligibility
This standard has two components: maximum time frame and course completion rate. The maximum time frame in which a student must complete a program of study cannot exceed 150 percent of the published program length measured in credit hours attempted. Example: A student pursuing a program that contains 89 hours would be allowed to attempt a maximum of 133 hours [89 x 150 percent (1.5) = 133]. The number of hours attempted includes any transfer hours accepted from other institutions that are applied to the student’s program of study.
In conjunction with the maximum program length, students must successfully complete (measured as credit hours earned) at least 75.0 percent of all coursework attempted as they progress through their program of study. This is a cumulative process, illustrated as follows: A student has maintained satisfactory academic progress for the first two semesters of enrollment. However, at the end of the fourth semester the student’s academic transcript indicates 45 hours attempted and 27 hours earned. The course completion rate is 60.0 percent (27 divided by 45). The student does not meet the required 75.0 percent standard and thus will be placed on Financial Aid Warning for the following semester.
Financial Aid Academic Progress Summary
FULL TIME STUDENTS
PART TIME STUDENTS
Financial Aid Warning
A student who does not meet satisfactory academic progress standards is placed on Financial Aid Warning for one semester, during which time the student is eligible to receive financial aid. If the student meets the standards at the end of the probationary semester, the student is removed from the Financial Aid Warning status and maintains financial aid eligibility. If the student does not meet the standards at the end of the warning semester, the student is placed on Financial Aid Ineligibility status.
Financial Aid Ineligibility
A student on Financial Aid Ineligibility status is not eligible for any form of federal or seminary financial assistance and remains ineligible until satisfactory academic progress standards in PTS courses are met or may appeal (see appeal process). Some outside alternative loans are available for students working to regain academic progress.
Complete Withdrawal from Courses
Financial aid recipients withdrawing (officially or unofficially) from all courses will be automatically placed on Financial Aid Ineligibility status. Students with mitigating circumstances may appeal for financial aid reinstatement.
Students placed on Financial Aid Ineligibility status can appeal to the Financial Aid Committee for financial aid reinstatement. The appeal must be submitted in writing to the Financial Aid Office and be accompanied by appropriate supporting documents if necessary. Reasons that may be acceptable for the appeal are: 1) serious illness or accident on the part of the student; 2) Death, accident or serious illness in the immediate family; 3) financial difficulties forcing incomplete and premature withdrawal; 4) other extenuating circumstances directly affecting academic performance.
Students may appeal their Financial Aid Ineligibility status. If the appeal is granted, the student is placed on Financial Aid Probation for one semester after the Financial Aid Probation term the student must be making Satisfactory Academic Progress or must be successfully following an academic plan. Failure to meet the academic plan or academic progress standards again will result in the student being placed on Financial Aid Ineligibility status. The student remains ineligible until satisfactory academic progress standards in PTS courses are met. If the student‘s appeal is not approved the student has no additional recourse for PTS financial aid until he/she regains academic progress.
Students may be eligible to enroll in courses without financial aid assistance (federal, seminary or state aid) as long as they are not on Academic Suspension or if they have approval by the Dean’s Office.