Microsoft Word Financial Aid Warning Semester

Transcript

1 Financial Aid Warning Semester viewed at http://www.sfa.msstate.edu/policies/satisfactory-ac Satisfactory Academic Progress (SAP) policy can be ademic-progress/ What is Financial Aid Warning? Financial Aid Warning is a status assigned if you w ere previously meeting SAP policy standards, howeve r at the last SAP review, you failed to make satisfactory academic progress. This is an alert to inform you that if the SAP policy s tandards are not met during the warning semester, you will no longer be eligible fo r future financial aid. Why am I on Financial Aid Warning? Financial Aid Warning for failing to meet at least one of the SAP policy standards listed below: You are placed on GPA: Failure to maintain a minimum MSU cumulative G PA 1. 2. Completion Rate: Failure to pass a minimum of 67% o f the cumulative course work attempted 3. Excessive Withdrawals: Exceeded maximum number of withdrawal hours Aid Warning? Can I receive Financial Aid while I am on Financial Yes, during the Financial Aid Warning semester you can be awarded financial aid (if otherwise eligible ). You can only be granted a wed to receive consecutive “warning” semesters of f inancial aid. ‘warning’ status for one semester. You are not allo What are the requirements to be granted a Financial Aid Warning semester? To be granted a Financial Aid Warning semester, you do not have to complete a SAP Appeal, however, you must complete the Financial Aid SAP Warning requirement. You are strongly encouraged to meet with your acad emic advisor for a consultation regarding your academic status. How do I complete the Financial Aid SAP Warning req uirement? ) Log into you myState account ( https://my.msstate.edu Under Financial Aid menu, select Award Notification Letter. Once you have been awarded aid, a pop-up b ox will appear. Select “ok” after you read the information displaye d in the SAP Warning pop-up box period? What happens at the end of my Financial Aid Warning The SAP status is checked at the end of each semest Aid Warning semester, your er, including summer. At the end of your Financial requirements of the SAP policy have been met. You must be meeting the SAP SAP status will be re-evaluated to determine if the l aid. Otherwise, you will be placed on Financial Aid Suspension and will not be policy requirements to continue to receive financia eligible to receive financial aid. Good Standing – eligible to receive financial aid If the overall SAP Policy requirements are met at t he end of the probationary semester, your SAP statu s will be updated to ess) beginning with the next semester. You will be eligible to receive ‘good standing’ (making satisfactory academic progr wise eligible). federal aid, including the Sumner’s Grant (if other Financial Aid Suspension – not eligible to receive financial aid If the overall SAP Policy requirements are not met at the end of the Financial Aid Warning semester, t hen you be placed on Financial Aid Suspension cial aid and/or Sumner Grant funds beginning and you will be suspended from receiving any finan with the next semester and for future semesters unt il the SAP Policy requirements have once again been met. Any federal student aid and/or Sumner Grant aid previously awar ded for the upcoming semester will be cancelled. You may submit a SAP Appeal to request to have you financia l aid reinstated.

2 What if I have Excessive Withdrawal Hours? drawal hours at the end of your Financial Aid Warni ng semester, you will be If you who have exceeded the maximum number of with . SAP Appeals Forms can be placed on Financial Aid Suspension. You can submit a SAP Appeal to request to have your aid reinstated http://www.sfa.msstate.edu/policies/satisfactory-ac ademic-progress/ and must be submitted by the established obtained online at deadline. Students are limited to three SAP appeals . What if I have Exceeded the Maximum Time-Frame? lete your degree program, you are not eligible for If you have exceeded the maximum time-frame to comp a Financial Aid Warning semester. You are no longer eligible to receive fin ancial aid unless you win an appeal. You can submit a SAP Appeal Form to request to have ained online at your aid reinstated. SAP Appeals Forms can be obt ademic-progress/ . SAP Appeals must be submitted by the established http://www.sfa.msstate.edu/policies/satisfactory-ac deadline. When will my Financial Aid be paid into my MSU acco unt? Your financial aid will be paid into your student a ccount when your financial aid application (FAFSA) and all other financial aid requirements have been met. You can check the statu s of your financial aid online via your myState acc ount. How do I Regain Financial Aid Eligibility? as a result of your failure to meet SAP, you can r egain financial aid eligibility by If you have been placed on Financial Aid Suspension meeting at least one of the following criteria: 1. Correct the SAP problem(s) and meet the overall SAP policy requirements. 2. Submit SAP Appeal (limit of three). If your SAP App eal is approved by the SAP Appeals Committee, you w ill be placed on Financial Aid Probation (for one semester). Are there any other sources of funding? If you have been placed on Financial Aid Suspension , there may be additional funding opportunities for you through the Alternative/Private Loans program. More information can be viewed at http://www.sfa.msstate.edu/loans/ .

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