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• Financial Aid FAQ's
• Satisfactory Academic Progress Policy

Satisfactory Academic Progress Policy

In accordance with federal regulations, financial aid recipients arerequired to complete a minimum number of credits, (defined as the QuantitativeComponent of Satisfactory Academic Progress) per year as well as maintain acumulative grade point average (CGPA) that would lead to the attainment of adegree (known as the Qualitative Component of Satisfactory Academic Progress).

Quantitative

1. In accordance with federal regulations, students are required to complete a degree program within 150% of the standard degree completion.
2. In addition, students will be required to complete a certain number of credits each academic year (fall, winter, and spring term) to meet quantitative standards.
3. Please review the following chart to determine your maximum time frame for completion and how many credits you must complete each year:

Enrollment Status	Credits that must be completed by the end of the year	Maximum Number of Years to Receive Financial Aid
Full-Time (12 or more credits per term)	36	6 years (18 quarters)
Three-Quarter Time (9-11 credits per term)	27	9 years (27 quarters)
Half-Time (6-8 credits per term)	18	12 years (36 quarters)
Less than Half-Time (1-5 credits per term)	3	12 years (36 quarters)

4. Students will be monitored yearly beginning at the end of the first year of enrollment.
5. Students not completing the minimum number of credits during a given academic year will be placed on financial aid probation for their next term of attendance.
6. While on financial aid probation, the student is still eligible for financial aid, but the student must successfully complete the probationary term at the same enrollment status as the term in which the student lost eligibility.
   • If the student completes the required number of credits (grades A-D) during the probationary term, financial aid probation will be lifted.
   • If the student fails to complete the required number of credits (grades A-D) during the probationary term, the student would not qualify for financial aid for their next term of attendance. To regain financial aid eligibility, a student would need to complete the required number of credits (grades A-D) in the next term of attendance and pay for the courses with funds other than financial aid.

Pleasenote:

1. Your enrollment level is determined by what you are registered for as of 4:30 Friday of week 1 each term
2. Only credits for which you receive a grade of D or higher are included in completed credits.
3. If your degree program is a 5 year track, you can only receive federal financial aid for 7.5 full-time years.
4. If you start mid-year or have different enrollment levels for different terms, the number of required completed credits will be prorated by the number of terms you actually began and/or your enrollment level.
5. MSOE scholarships, grants, and loans are awarded for a maximum of 5 full-time years.

Qualitative

1. In accordance with federal regulations, a student's CGPA must be reviewed at the end of 2nd full academic year or at the time of financial aid award for the third year and annually thereafter.
2. Students who have not maintained a 2.0 CGPA at the time of review will be placed on financial aid probation for their next term of attendance.
3. While on financial aid probation, the student is still eligible for financial aid, but the student must complete the probationary term at the same enrollment status as the term in which the student lost eligibility and maintain a grade of "C" or better in all of these credits.
   • If the student completes the required number of credits with a "C" or better during the probationary term, financial aid probation will be lifted.
   • If the student does not complete the required number of credits with a grade of "C" or better during the probationary term, the student would not qualify for financial aid for their next term of attendance. The student will be required to complete the required number of credits with a grade of "C" or better in all classes in the next term attended at MSOE and pay for the courses with resources other than financial aid. If the student successfully completes the stated requirement, the student will regain financial aid eligibility for the next term of attendance at MSOE.

Appeals

Students may appeal the loss of their financial aideligibility. Appeals should be submitted in writing to the Financial Aid Office, addressed to the director. The director, in consultation with the Financial Aid Office staff members, will review the appeal and notify thestudent in writing regarding the appeal.

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