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Important Financial Aid Changes

Changes to the Enrollment Status Calculation 

A student’s term enrollment status is determined based on repeated courses as defined by federal regulation (34 CFR Section 668.2).  Failed courses can be repeated and counted toward enrollment status multiple times as long as the student has never passed the course.

Repeated courses in which a passing grade has been received will only be counted toward enrollment status for one repetition after passing the course. Any second or subsequent repetition of the passed course will not be included in the enrollment status for purposes of the Title IV, HEA, programs.


Federal Title IV aid will be recalculated based on the student's adjusted enrollment status. The recalculation will be applied regardless of whether a student received aid for previous course enrollments.


Changes to the Hours Earned Requirement

To remain eligible for financial aid, students must earn 67% of total attempted hours for all previous enrollment periods.  A program completion review will be performed at the end of the spring semester.  For students enrolled in summer school, a second program completion review will be performed at the conclusion of summer school.


IRS Data Retrieval

When you complete your Free Application for Federal Student Aid (FAFSA) be sure to use the new IRS data retrieval tool.  The IRS Data Retrieval Tool allows you to use your completed tax return to automatically complete portions of the FAFSA.  It’s easy, it reduces errors and makes the entire application process easier. 



Subsidized Loan Limitations

Beginning July 1, 2013, all first-time Federal Direct Subsidized Loan borrowers will be eligible for the Subsidized Student Loan program for a period not to exceed 150% of the published length necessary to graduate within an undergraduate degree program. Undergraduate students will be limited to receiving subsidized loans for 6 years in a 4-year program. Borrowers reaching the 150% limit will become ineligible for the interest subsidy benefits on all Federal Subsidized Loans disbursed on or after July 1, 2013.



Maximum Lifetime Pell Eligibility

Effective July 1, 2012, all Pell grant recipients are subject to a lifetime maximum of 12 semesters or its equivalent.The new regulation is based on 12 semesters or 6 years.  For example, a student who attends full-time for a full year would have received 2 semesters or 1 year of his overall Pell eligibility.  The calculation of the duration of a student’s eligibility will include all years and terms the student received the Federal Pell Grant.