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Financial Aid Facts

For ISU Faculty



Listed below are a few financial aid facts for ISU faculty.


Satisfactory Academic Progress (SAP)

Returning students may be flagged for Satisfactory Academic Progress (SAP) each year, essentially suspending financial aid eligibility based on failure to meet academic standards. For example, students may be suspended for the following:

  • Less than 1.70 GPA for freshmen; less than 2.0 for sophomores, juniors, and seniors; and less than 3.0 for graduate students
     
  • Less than 67% completion rate (W's or F's count against course completion)
     
  • Greater than 150% attempted hours. For most bachelor's degree students, this occurs around 180 attempted credit hours.
     
  • Visit our SAP Policy page for detailed metrics.

Students may appeal but must show progress before aid is reinstated. Meeting with an advisor is strongly encouraged to strengthen an appeal.


Enrollment

  • Most financial aid programs require full-time enrollment (12 credits undergraduate; 9 credits graduate). Most enrollment reporting is based on registration as of the 7th day of the semester although some programs measure enrollment as of the 28th day (4th week) of the term.
     
  • Loans only require half-time enrollment, but late withdrawals have SAP implications for future terms.
     
  • Repeating a course more than once has implications for financial aid eligibility. For details, visit Enrollment and Its Effects on Financial Aid.

Attendance

  • Students have to actually attend their classes to be eligible to keep their aid. So, the three-week attendance report identifies "stop-outs" and causes aid to be canceled or reduced for students who are not attending.
     
  • The "date of last attendance" that you provide at the end of the term determines the amount of aid a student keeps—and it is reported to the U.S. Department of Education. Colleges are responsible for substantiating their records in case of an audit.
     
  • Be careful with distance classes. Simply logging into a class does not mean a student is actively attending. He or she has to "interact" according to the Federal definition.

Questions

Each college has its own financial aid liaison:

Contact

Student Financial Aid
220 North 7th Street
150 Tirey Hall
Indiana State University
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