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SATISFACTORY ACADEMIC PROGRESS
Requirements for Financial Aid RecipientsRevised August 2007 |
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| Federal financial aid regulations require that AIB College of Business establish policy requirements that define the academic progress students must make in order to maintain their eligibility to receive federal financial aid. At AIB these requirements are applicable to federal, state, and institutional grant, scholarship, work, and loan financial aid programs.
These standards require students to have completed a minimum number of credit hours at each evaluation increment and have the minimum cumulative grade point average as defined by the requirements. Specific financial aid programs may have standards that exceed these minimum requirements.
To remain eligible for financial aid programs, students are required to demonstrate satisfactory academic progress toward a degree according to the following requirements. |
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| DURATION OF ELIGIBILITY REQUIREMENTS |
A student’s eligibility for financial aid consideration will end at the earliest of the time at which she/he:
1. Is considered to have completed the credit requirements for her/his degree program, or
2. Has attempted more than 150% of the credits required for a specific degree program as follows: | |
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| Degree Program |
Degree Program
Credit Requirements |
Credits Attempted
150% Maximum Credit Limit |
| Associates of Applied Science (AAS) |
126 quarter credits |
189 quarter credits |
Associates of Applied Science
Real Time Reporting (AAS) |
144 quarter credits |
216 quarter credits |
Bachelors of Science (BS)
Degree Completion |
198 quarter credits |
297 quarter credits | |
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| CREDIT COMPLETION REQUIREMENTS |
| Credit completion requirements will be monitored twice annually at the end of the fall quarter and at the end of the spring quarter. In order to be making satisfactory academic progress, students must have earned 67% (rounded to the nearest whole credit) of their total cumulative attempted credits. |
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| CUMULATIVE GRADE POINT AVERAGE REQUIREMENTS |
| Cumulative grade point average requirements will be monitored at the end of each quarter. In order to be making satisfactory academic progress, students must maintain a 2.00 cumulative grade point average. |
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| FAILURE TO MAINTAIN SATISFACTORY ACADEMIC PROGRESS |
| Students who fail to meet the credit completion and/or the cumulative grade point average requirements at any monitoring point will be placed on probation for financial aid purposes but will remain eligible for financial aid for the following quarter which they attend. Students not meeting the credit completion requirements will continue to remain eligible for financial aid while on probation as long as they successfully complete 100% of the credits they attempt each quarter. Students not meeting the cumulative grade point average requirements will need to attain a minimum 1.75 quarter grade point average during their initial quarter of probation and a minimum 2.00 quarter grade point average during subsequent quarters they are on probation. Students who are on probation who fail to meet those requirements for any quarter will no longer be eligible for financial aid. Students will remain on probationary status until they have corrected their applicable credit hour and/or grade point average deficiency. |
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| REGAINING ELIGIBILITY |
| Students who have failed to maintain satisfactory academic progress may regain their eligibility for financial aid by:
1. Correcting their credit completion and/or cumulative grade point average deficiency by completing course work at AIB at their own expense. A student may also correct their credit completion deficiency by completing credits at another college or university that are transferable to AIB. It is the students’ responsibility to notify the Financial Aid Director when they have corrected the deficiency and have regained their eligibility for financial aid.
2. Being granted an appeal. Appeals must be submitted by students in writing to the Director of Financial Aid immediately upon their notification by AIB that they are not making satisfactory academic progress. Students will be notified in writing within 10 business days of receipt of their appeals regarding the outcome of their appeals. |
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| SPECIAL CONSIDERATIONS AND DEFINITIONS |
| 1. If an enrolled student changes programs or majors at AIB, both the credits and the grades for those credits from the previous program or major will be counted toward the student’s new program or major and will be included in the calculation of attempted credits, earned credits, and cumulative grade point average for that student for purposes of determining that student’s satisfactory academic progress status.
2. A student who transfers to AIB will be considered to be making satisfactory academic progress at the time she/he is admitted. Transfer credits which are accepted for credit for the student’s AIB program will be counted as both attempted and earned credits for satisfactory academic progress purposes. The grade point average for those credits will not be counted.
3. Credits for courses from which a student withdrew, received an incomplete, or failed will be considered to be attempted credits but not earned credits. A grade of “D” in a “speed development course” will be considered failing for these purposes.
4. Passing credits received for pass/fail courses will be considered as both attempted and earned credits. A failing grade in a pass/fail course will be considered as attempted credits but not as earned credits. Pass/fail grades are not included in cumulative grade point average calculations.
5. Credits for repeated courses will be counted as attempted credits each time the course is repeated. Credits for repeated courses will be counted as earned only once and only when a passing grade is received. Only the highest grade for a repeated course will be counted for grade point average purposes.
6. Credits for audited and non-credit remedial courses are not counted either as attempted or earned credits for the calculation of grade point averages. |
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