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Margaret in CO

FAFSA staying eligible and dropping classes

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I wanted to link an article that Mary Pride wrote a few issues back, but I can't find it online. You could dig up the copy of Practical Homeschooling to find it. Anyway, they got caught in a bind--her ds would sign up for a large load for CC classes, planning on dropping some, HOWEVER, it came back to bite them! Seems you have to make "satisfactory academic progress" to keep your FAFSA and part of that is how many classes you dropped. It caught them offguard and it's not something we would have thought about (so far, only one dc has dropped anything when we realized it might jeopardize her high school sports standing). Here's a good article I did find:

 

 

Once you’ve filled out your Free Application for Federal Student Aid (FAFSA) and received your grant, loan, or work-study funds to help you pay for college or career school, make sure you stay eligible throughout the academic year—and in subsequent years.

Continue to Meet Basic Eligibility Criteria

 

Remember, the basic eligibility criteria that allow you to get federal student aid continue to apply throughout the time you’re receiving aid—not just when you first fill out the FAFSA and are awarded aid.

Make Satisfactory Academic Progress

 

You need to make satisfactory academic progress in order to continue receiving federal student aid. In other words, you have to make good enough grades, and complete enough classes (credits, hours, etc.), to keep moving toward successfully completing your degree or certificate in a time period that’s acceptable to your school.

Each school has a satisfactory academic progress policy for financial aid purposes; to see your school’s, you can check your school’s website or ask someone at the financial aid office. Your school’s policy will tell you

  • what grade-point average (or equivalent standard) you need to maintain;
  • how quickly you need to be moving toward graduation (for instance, how many credits you should have successfully completed by the end of each year);
  • how an incomplete class, withdrawal, repeated class, change of major, or transfer of credits from another school affects your satisfactory academic progress;
  • how often your school will evaluate your progress;
  • what will happen if you fail to make satisfactory academic progress when your school evaluates you;
  • whether you are allowed to appeal your school’s decision that you haven’t made satisfactory academic progress (reasons for appeal usually include the death of a member of your family, your illness or injury, or other special circumstances); and
  • how you can regain eligibility for federal student aid.

There's more here:

 

http://studentaid.ed.gov/eligibility/staying-eligible

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