Maintain Your Aid
Please note that financial aid for the current semester and future semesters can
be impacted by withdrawing from courses. See our
Withdrawing from Courses page for more information.
A common question about financial aid is "Is financial aid guaranteed every year?" No, it is not. There are a variety of criteria that can impact aid eligibility each year. This can include, but is not limited to, minimum grade point averages, earned hours each semester or academic year, completion of attempted courses, submission of the Free Application for Federal Student Aid (FAFSA) by the March 1 priority deadline each year, continued financial need, degree-pursuant coursework and enrollment, and limitations on the amount of terms or total amounts a student can receive over time.
Here are some important things to keep in mind:
- Maintain Satisfactory Academic Progress for overall financial aid eligibility. In addition to specific program requirements, there are certain academic progress standards a student must meet to remain eligible for all financial aid (with the exception of some private loans).
- Know the requirements necessary to maintain specific aid programs from one year to the next, and ensure you are meeting the renewal requirements. State grant and scholarship programs often have requirements which must be met in order to renew the aid - such as a certain number of earned hours and/or a minimum grade point average.
- Complete the Free Application for Federal Student Aid (FAFSA) each academic year you would like to be reviewed for financial aid. Students are encouraged to complete the FAFSA by March 1 for the upcoming academic year. Not only do students need a FAFSA for federal student aid, but many state grant programs and some scholarships do require a FAFSA on file. Reapply for aid each year!
Be aware of limitations on how long certain aid programs may be received.
- Many scholarships and state grants are limited to eight undergraduate semesters
or completion of a bachelor's degree, whichever comes first.
- The Federal Pell Grant is limited to twelve undergraduate semesters of full-time enrollment or completion of a bachelor's degree, whichever comes first.
- Federal Direct Subsidized and Unsubsidized Loans have
aggregate limits. Students may only borrow up to a certain amount
throughout the course of their education.