5600 Financial Aid and Financial Aid Academic Standards

Initial Date of Approval: 4/22/09

Revision Date(s): 

Administrative Responsibility: Vice President of Student Services

PURPOSE

To provide financial assistance for eligible students, subject to state, federal, and institutional rules and regulations and available funds.

REFERENCES

• Higher Education Coordinating Board Program Manual
• US Department of Education Federal Student Financial Aid Handbook
• Title IV 34 CFR Ch. IV (7-1-03 Edition)

POLICY

Satisfactory progress standards will be measured for all students receiving financial aid funds to ensure that students are making successful quarterly and annual progress towards their intended degree or certificate.

A student who receives a quarterly grade point average below 2.0 and/or does not successfully complete total credits enrolled will be placed on financial aid probation. Should this continue a second quarter, the student will be dropped from financial aid.