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 Minot State University Financial Aid Satisfactory Academic Progress Federal regulations require that schools participating in the Title IV student financial aid programs are required to apply reasonable standards for measuring a student’s progress towards completing their course of study. Students who fail to make satisfactory progress as measured against either the academic standard (qualitative) or the rate of progress standard (quantitative) shall be ineligible to receive federal financial assistance until eligibility has been reestablished. Federal financial assistance includes: Federal Pell Grant, Federal Academic Competitiveness Grant, National SMART Grant, Federal Supplemental Educational Opportunity Grant, State Student Incentive Grant, Federal Work Study, Federal Perkins Loan, Federal Nursing Loan, Federal Stafford loans, Federal PLUS Loan and Federal Grad-PLUS Loan. To maintain Financial Aid Satisfactory Academic Progress students must be maintaining progress in three areas: Academic Standard – Grade Point Average (Qualitative) Undergraduates: By the end of the second term of attendance student must be maintaining a minimum cumulative grade point average of 2.0. Graduates: Must maintain a minimum cumulative grade point average of 3.0 for each term and cumulatively. Rate of Progress Standard – Completion Rate (Quantitative) Undergraduate and graduate students must successfully complete 66.667% of all attempted credits. This is a cumulative calculation. Attempted credits are any credits enrolled in as of Census Date (10th calendar day of a term) or any credits added after the census date. Credits dropped after the census date are considered attempted but not completed. Maximum Time Frame – (Quantitative) Undergraduate students are making satisfactory progress for financial aid purposes if they complete their degree requirements within 150% of the credits needed for their program of study (a maximum of 192 attempted credits for most of the undergraduate programs). Transfer Credits: Credits earned at another institution are counted towards the completion rate and counted towards the cumulative grade point average. Repeated Credits: Repeated credits count towards the completion rate and cumulate grade point average. Financial Aid Warning: Students who have attempted 125% of the maximum number of attempted credits allowed for their program of study will receive notification that they are on Financial Aid Warning. This is only a notice and does not affect their eligibility to receive financial aid or their eligibility to register for classes. A “Financial Aid Warning” hold will be placed on the student's Campus Connection portal. Financial Aid Probation: Students who fail to maintain a 2.0 cumulative grade point average after the second term of attendance or who fail to complete 66% of attempted credits after each term of attendance will receive a “Financial Aid Probation” hold indicator on their Campus Connection portal. This is only a notice and does not affect their eligibility to receive financial aid or their eligibility to register for classes. The student must meet all SAP requirements at the end of the semester. No appeal is necessary while on Financial Aid Probation. Note: Financial Aid Probation is not the same as Academic Probation. Financial Aid Suspension: Students who fail to maintain the minimum financial aid satisfactory progress standards are deemed as not making progress towards earning their degree and as such are not eligible for federal financial aid or campus-based financial aid funds. Students who are placed on academic suspension are also placed on financial aid suspension. Note: Financial Aid Suspension is not the same as Academic Suspension. Reestablishing Financial Aid Satisfactory Progress: Students may reestablish their financial aid eligibility by making up the completion rate (credit hours completed) and/or GPA deficiencies without the receipt of federal aid. Appeal Process: Students who have been placed on Financial Aid Suspension may appeal their status if they had an extenuating medical or emotional circumstance that negatively impacted their academic performance. Examples of situations that are acceptable include hospitalization, illness, depression, and death in the family. Situations that are not acceptable include working too many hours, changing majors, or dislike of course material or instructor. Students who have exceeded their maximum time frame may also appeal if they have transfer or MSU credits that do not pertain to their current major. If placed on Financial Aid Suspension, an appeal form is available at the Financial Aid Office or via web-site. The appeal must be submitted along with supporting documentation and a letter of explanation from the student to the Financial Aid Office two weeks prior to the beginning of a term. Appeal Form | |||||||||||||
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