Satisfactory Academic Progress
The U. S. Department of Education requires colleges to determine whether financial aid is being utilized in the most productive way in assisting students to achieve their goals of attaining a degree or certificate. Money is finite; taxes to fund federal and state financial aid programs even more so. Because of this the U. S. Department of Education wants funds awarded to students who are academically progressing towards achieving this goal. It is the duty of the RCC Financial Aid Office to monitor each financial aid applicantsí academic work and to confirm the studentís academic success and continued financial aid eligibility or to determine that if a student is not academically progressing toward the goal of degree attainment, to limit those finite funds until a time when( and if ) a student is academically eligible again.
What can affect my financial aid eligibility?
Students who are not achieving academic progress as measured by the RCC Financial Aid Office usually have experienced one ( or a combination of several) of the following academic difficulties:
How does the RCC Financial Aid Office measure my academic progress?
In order to continue to receive financial aid consideration at RCC, students must continue to make satisfactory progress towards a degree or certificate. Students are considered to be achieving academic progress if they complete at least 66% or more of the total number of credits that they have attempted a
Other Policy Information:
What happens to my financial aid if I fail or withdraw from classes for which I am registered?
To remain eligible for financial aid, you must successfully complete a minimum of 65% of the total of all your classes since you began your studies at RCC and maintain a minimum GPA as listed above. Since this measurement is based upon your cumulative academic work at RCC, your performance in an individual course may have no impact on your financial aid eligibility. However, accumulation of failed courses, withdrawals and incomplete grades could affect your eligibility.
What if I drop some or all of my classes before and/or during the semester drop/add period-could this affect my academic progress?
No. The credits that you drop during that period of time will not be counted as credits attempted when calculating the percentage of credits completed to determine if academic progress has been achieved.
What happens to my financial aid eligibility if I withdraw from some, but not all my courses after the drop/add deadline? Can withdrawing from a course now affect my financial aid in later semester?
In most cases, your financial aid eligibility for the current semester will not change. However, as mentioned above, accumulated withdrawals could affect your eligibility as all course withdrawals decrease your completion rate that must be maintained above 66% for financial aid eligibility to continue for subsequent semesters.
What happens to my financial aid eligibility if I withdraw from all my courses after the drop/add deadline?
Withdrawing from all courses after the drop/add deadline is considered withdrawing from the college. If you do this 60% of the academic semester has passed, your financial aid eligibility must be recalculated per federal and state regulations. This recalculation will determine how much of your financial aid awarded has been earned during the weeks before your official withdrew from courses. When the recalculation is done, balance could be owed to the RCC Business Office.
What if I donít officially withdraw from the college but I stop attending all of my semester classes? Can this affect my Financial Aid?
The U.S. Department of Education mandates that students who fail all of their courses during and academic semester must prove that they continued their attendance in those courses past the 60% of the semester> Failure to do so will require the financial aid office to recalculate a studentís financial aid eligibility and will cause a balance to be owed to the college for the semester. This is true even when a refund check had been issued to the student.
How can changing majors affect my financial aid eligibility?
Changing your major may cause you to take additional courses that could cause problems finishing your degree or certificate within the 150% o the standard length of your academic major. Also, when students change their academic major from degree seeking to certificate seeking, the previous classes the student attempted will be counted in the determination of your financial aid eligibility. For example, a certificate requires 30 credits for completion, for financial aid consideration to continue you must finish the degree by 45 credits attempted.
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