Financial Aid Satisfactory Academic Progress (FASAP)
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 2015
Students in a FASAP probationary status for Fall semester 2015 will be reviewed at the end of the semester. If you are meeting our FASAP policy at that time, you will return to a "good" 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 2016 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.
Financial Aid Satisfactory Academic Progress Appeals for Fall 2015
Appeals will be considered based on exceptional circumstances that prevented you from meeting the Financial Aid Satisfactory Academic Progress requirements. If you choose to appeal, you must submit the following:
- Financial Aid Satisfactory Academic Progress (FASAP) APPEAL Form. A written statement from you is required and must be submitted with the signed appeal form.
- 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.
- FASAP 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.
- Complete Financial Awareness Counseling
Students who are not meeting the Financial Aid 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.
If you have any questions, you may contact the Office of Scholarships and Financial Aid by email at firstname.lastname@example.org.
"Unusual Enrollment" Satisfactory Academic Progress Appeals
A small number of students are selected for "Unusual Enrollment" - Financial Aid Satisfactory Academic Progress. There is a special appeal form for this limited group of students only. Do not use this form unless your Financial Aid Satisfactory Academic Progress letter specifies that you need to complete the "Unusual Enrollment - Financial Aid Satisfactory Academic Progress Form".