Satisfactory Progress Policy for Financial Aid – All Master’s Degree Program

After completion of one semester, a student must have attained a grade point average of 3.00 and must have successfully completed 80% of the academic hours attempted. If a student is below either the grade point average or completion percentage, then he/she will be placed on financial aid warning. The student will remain on warning until the end of the second semester at which time a review of his/her cumulative GPA and completion rate will take place. If he/she has not attained a grade point average of 3.00 and successfully completed 80% of the academic hours attempted, then he/she will be suspended from receiving any federal financial aid assistance.

  1. Attempted hours will include all hours appearing on the student’s record in Regent as attempted at the graduate level, including transfer credits. This includes all letter grades, W’s, I’s, NC’s and any other course for which the student was charged and began attendance, regardless of whether the student received any financial aid for such courses.
  2. Any student placed on Warning will have one term of continued Federal Financial Aid in which to achieve the academic criteria appropriate for the hours attempted at the end of the term of warning. Failure to do so subjects such a student to Financial Aid Suspension.
  3. The University reserves the right to immediately place on Financial Aid Suspension any student who has shown little or no effort in completing coursework or otherwise making academic progress.
  4. Students suspended from receiving Financial Aid may have their aid restored for future terms if they are found to be meeting SAP requirements after any term that follows their suspension.
  5. Students may appeal their suspension status by completing the Financial Aid Suspension Appeal form and sending it, along with appropriate documentation, to the Director of Financial Aid.
  6. If a suspension appeal is granted, the student may be placed on Financial Aid Probation for one term. During that term the student will receive all of the financial aid for which they are eligible. At the option of the University, the student whose suspension appeal is granted may be placed on an academic plan of one or more semesters. Such a plan would include specific targets for GPA and Pace that must be met at the conclusion of each semester in order to receive aid.
  7. No student will be allowed to receive Federal Financial Aid for more than 150% of the hours required by their degree program.

Approved by Faulkner University Cabinet
August 2013