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 Spring 2014
If after the Spring semester evaluation of your academic progress, you are suspended from financial aid eligibility, the suspension will take affect for Summer semester. There is no grace period for Summer semester. Fall financial aid will not be awarded until the suspension is resolved. If you have been on Spring probation after being suspended once and then you are suspended again, 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 Summer or Fall 2014
Appeals will be considered based on exceptional circumstances that prevented you from meeting the Satisfactory Academic Progress requirements. 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
Our deadline for completed summer appeals is Thursday, May 22, 2014. Please be advised, that 50% of your Summer bill must be paid by Friday, May 16, 2014 or your class schedule may be dropped. Since your financial aid has been cancelled for Summer semester, you will need to pay the appropriate amount by May 16, 2014. 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.