Each school will have a certain GPA minimum that students must maintain in order to continue receiving financial aid as well as scholarships, but it is usually at least a 2. They will also require that students stay on track to graduate within a specific timeframe. Falling behind schedule could result in loss of financial aid.
On the other hand, if you have been on academic probation before, you could not only lose your financial aid but you could also get kicked out of school suspended.
If you want a clear response from them, we suggest you give them all the logistics in terms of your grades. Your school will inform you of the correct steps to take after you lose your financial aid due to being on academic probation. However, if you want more guidance on what to do after losing financial aid, click here. You need to make Satisfactory Academic Progress in order to continue to receive federal student aid.
We suggest you talk to your school about possibly appealing their decision that prompted you to become ineligible. So, if you fail, drop out, or lose your aid, you might wonder whether you will be made to pay it all back. When it comes to loans, those have to be repaid anyway.
If you lose your financial aid, loans have to be repaid anyway. If you leave school, you will have a six-month grace period on your federal loans before repayment begins. The terms might be different for private loans. If you receive federal or state grants , there is a possibility you might have to repay some of them. If, however, you drop out or stop attending, you could be responsible for repaying a prorated amount.
Note that most schools have drop deadlines that allow you to drop classes without penalty as long as you do it early. You will not have to pay tuition, and you will not receive aid. If you wait too long to drop, you still owe tuition, and grant funds will have been dispersed to pay for it, and you may end up on the hook for some of those funds. Free money in the form of scholarships and grants often comes with certain stipulations.
If a scholarship is merit-based, there could be a much higher GPA and pass rate requirements. Dropping below these requirements may result in discontinuation of the scholarship money in subsequent terms but usually does not require repayment.
Again, however, if you drop out part way through a term after the funds have been dispersed and tuition is not being refunded, you could be required to pay back these scholarship funds. Some such scholarships may allow for a probation period in the same way federal financial aid does to give you a chance to get back on track. Even need-based grants and scholarships often have minimum GPA and other requirements that you must meet. Always make sure you are aware of the stipulations for any scholarships or grants you receive so that you can plan accordingly.
Can you lose your financial aid just for getting bad grades? Yes -- learn more. Some students in college have found out the hard way that getting good grades literally pays.
In the world of higher education, academics and financial aid go hand-in-hand.
0コメント