Satisfactory Academic Progress (SAP) for Financial Aid Purposes
The Federal Government wants to make sure they are investing financial aid dollars wisely. Students must be making progress towards their degree(s) in a timely manner in order to continue to receive financial aid.
Students on Financial Aid Probation for Fall 2013
Students in a SAP probationary status for Fall semester 2013 will be reviewed at the end of the semester. At that time, if you are now meeting our SAP policy, you will return to a "good" SAP status and Spring aid will remain. If after Fall semester’s evaluation of your academic progress, you are suspended from financial aid eligibility, the suspension will take affect for Spring 2014 semester and your financial aid will be cancelled. Since this is typically your second financial aid eligibility suspension, you will only be able to appeal in limited cases.
To view the current Satisfactory Academic Progress Policy, click here:
Satisfactory Academic Progress Appeals for Spring 2014
Appeals will be considered based on exceptional circumstances that prevented you from meeting the Satisfactory Academic Progress (SAP) requirements. Our deadline for completed SAP appeals is January 10, 2014. If you choose to appeal, you must submit the following:
Please be advised that a portion of your Spring bill is due by Friday, January 10, 2014. Since your financial aid has been cancelled, you will need to pay the appropriate amount by January 10, 2014 or your Spring class schedule may be dropped.
Students who are not meeting the Satisfactory Academic Progress requirements are encouraged to explore alternative loan options in the event that his or her appeal is not approved. Be advised that it takes an average of two to three weeks for an alternative loan to process. If you secure an alternative loan and your appeal is subsequently approved your original aid will be reinstated and you will be able to cancel the alternative loan without any repercussions.
The Financial Aid Office will be closed beginning December 24, 2013 through Wednesday, January 1, 2014. If you have any questions you may contact the Office of Scholarships and financial Aid by email at email@example.com.
You will only be considered for reinstatement of future financial aid after you successfully complete 12 credits, per our SAP policy. You may complete the 12 credit hours at Ferris or at another institution. Once you have successfully completed 12 credit hours, you must file an appeal for further consideration.