![]() ![]() You may qualify for private student loans or merit-based scholarships through other organizations during this time. While you are on financial aid suspension, you cannot receive any federal, state, or institutional financial aid. This can trigger a financial aid suspension because you are not meeting the requirements for receiving scholarships, grants, work-study money, or student loans. If you fail to meet your school’s standards on any of these points, the school considers you to not be making satisfactory academic progress (SAP). You have not dropped below the minimum required enrollment hours.You are on track to complete your degree in a reasonable amount of time, like four or five years.You have not withdrawn from too many classes.You complete and pass about two-thirds of cumulative coursework that you have signed up for.You maintain a passing grade point average (GPA).While every school manages SAP and auditing student financial aid for overall progress a little differently, here is the general criteria: Satisfactory Academic Progress (SAP) and Financial Aid Suspension The two most common factors that lead to financial aid suspension for most students are changes in their (or their family’s) financial status and failing to maintain satisfactory academic progress (SAP). You have property subject to a judgment lien.You do not actually have a valid high school diploma or equivalent. ![]() You were convicted of a crime, whether you were incarcerated or not.You defaulted on other student loans in the past.You neglected to fill out the Free Application for Federal Student Aid (FAFSA).You do not maintain satisfactory academic progress (SAP).You dropped below half-time status or are otherwise not taking enough credits to qualify for financial aid.You are no longer part of a regular degree program at a qualifying postsecondary school.You or your parents make too much to qualify for financial aid.You changed schools, so you no longer qualify for that financial aid package.You changed majors, and the aid you originally qualified for does not transfer to your new major.There are several reasons your financial aid might be suspended. Why Are You Experiencing Financial Aid Suspension? However, you will need to work with your school’s financial aid office, starting with an appeal, to end the suspension. This can be a tough situation, and you will want to understand what caused your financial aid suspension as soon as possible.įor most schools, getting a suspension does not mean you are permanently disqualified for financial aid. Unfortunately, you may find that your financial aid is suspended. As the cost of postsecondary education continues to rise, access to all types of financial aid is crucial for students just like you. Financial aid, from scholarships to student loans, helps students through undergraduate and graduate school every year. ![]()
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