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 2014
Students in a SAP probationary status for Fall semester 2014 will be reviewed at the end of the semester. If you are meeting our SAP policy at that time, you will return to a "good" SAP status, and Spring aid will remain. If after Fall semester's evaluation of your Fall academic progress, you are suspended from financial aid eligibility, the suspension will take effect for Spring 2015 semester and your Spring 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.
Reinstatement of Future Financial Aid
You will only be considered for reinstatement of financial aid if you successfully complete 12 credits at Ferris or at another institution, and in collaboration with your academic advisor it is determined that you are making satisfactory academic progress. You must complete the appeal process even if you are now meeting the terms of the SAP policy.
Satisfactory Academic Progress Appeals for Fall 2014
Appeals will be considered based on exceptional circumstances that prevented you from meeting the Satisfactory Academic Progress requirements. Our deadline for completed appeals is Friday, August 22, 2014. If you choose to appeal, you must submit the following:
1) Satisfactory Academic Progress (SAP) APPEAL Form. A written statement from you is required and must be submitted with the signed appeal form.
2) Documentation to support the circumstances stated in your appeal, if applicable. For example, copy of family member’s death certificate, medical records related to health issues, etc.
3) SAP Academic Evaluation Form. You must contact your College Dean’s Office to request that they complete this form. Your Dean’s Office will provide the actual form.
4) NEW REQUIREMENT - Complete Financial Awareness Counseling
Please be advised that a *portion of your Fall bill must be paid by Thursday, August 14, 2014 or your class schedule may be dropped. *Refer to payment plan options for minimum payment requirements.
Students who are not meeting the Satisfactory Academic Progress requirements may 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.