Satisfactory Academic Progress Standards | 10.09.09

Posted in Financial Aid, Stafford Loan By Student Loan Network Staff

satisfactory_academic_progressDid you realize that when you withdraw from a class it may hurts your federal aid?  Isn’t that ridiculous?  At least I think so.  As it is you are already out the money for the class, but you may get hit with a double whammy.

I say you “may” get hit because each school handles this differently. While The official eligibility requirement states that students must maintain a “C” average, or standing consistent with graduation requirements, it does not speak specifically to the attempted vs. completed credit hours.

Many schools require that you complete 75% of the credits you attempt (including all transfer credits) in order to be eligible for federal aid.  Make sure you check with your school to confirm what your satisfactory academic progress standards are.

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One Response to “Satisfactory Academic Progress Standards”

  1. Chris says on August 7, 2012 at 6:44 pm:

    I agree. They get you to take out tens of thousands of dollars in loans just do deny you the right to a education

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