sUniversity students in United State I learned the hard way that getting good grades really pays off. Academics and financial aid They go hand in hand in the field of higher education. Maintaining an individual’s financial aid package requires maintaining satisfactory grades.
The student must achieve Satisfactory Academic Progress (SAP) To be eligible for Federal Student Aid and College Financial Aid.
This often entails maintaining your grade point average (GPA) at 2.0 or higher on a 4.0 scale (ie at least a C average) and progressing in your degree program by passing a sufficient number of semesters. On a 4.0 scale, one in ten undergraduate students will have a GPA of less than 2.0.
In addition, scholarships have criteria for satisfactory academic progress. These standards are often more stringent than those set by universities. Maintaining a better GPA is a requirement for many special scholarships.
The negative impact of bad grades
A student who loses financial aid due to insufficient academic progress may be able to regain eligibility through improved grades. The student will not be eligible for financial aid before this point, and therefore they will be responsible for covering their educational expenses.
All federal student aid programs, including federal education loans, will not be available to the student. Private student loan programs are used by some students who are not eligible for federal student aid, but they can be expensive.
Are there exceptions to the rule?
Yes there is.
The student may occasionally be able to request a temporary waiver from the requirements for satisfactory academic progress. These include situations when a student’s illness or injury prevented adequate academic progress, when a student’s relative died, or when there were other exceptional circumstances.
Regardless of their financial needs, students who stop making adequate academic progress lose their eligibility for federal student funding. The requirements for excellent academic progression for low-income students do not contain any unique exemptions.
This is unfortunate because students on low incomes often do not have the means to continue paying college fees themselves, not even for a semester or two, without financial assistance.
Ask the college about taking classes at a nearby community college if a low-income student is unable to afford tuition without financial assistance. The student will be able to regain eligibility at a much lower cost if the student’s college accepts these classes for credit.
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