Previously Received Title IV Aid
You must not be in default on any federal educational loans, or owe any refunds on federal grants received at any post-secondary institutions.
Use of Funds
Your financial aid is based upon enrollment projected as indicated on your online Award Letter. Adjustments to enrollment projected can be made prior to disbursement, through your online Award Letter. If you enroll less than full-time, aid will be prorated based on your level of enrollment. Courses for which you are wait-listed do not count when determining your level of enrollment. After disbursement, please note that enrollment changes may affect your future aid eligibility and your Satisfactory Academic Progress. Prior to dropping coursework, you may want to inquire at OSFA to see how your future semester may be affected.
Please note: Federal Pell Grant recipients who change enrollment during the first week of class may have an adjustment to their Pell grant award amount.
Reducing enrollment levels
The OSFA monitors enrollment levels (number of credit hours taken) each term. If you drop courses and fall below the minimum credit hour requirements, you may be required to repay all or a part of the aid you received. If you consider dropping a class, it is important to discuss your situation fully with a financial aid officer prior to doing so.
Withdrawal from the University
If you withdraw or are asked to withdraw from the University, you must inform the OSFA immediately. Depending on when you withdraw, you may be required to repay all or part of the aid you received (see Refund and Repayment Policies). If you received a federal student loan, you will be sent information on completing loan "exit" counseling.
Satisfactory Academic Progress
Satisfactory Academic Progress (SAP) is the term used to denote a student's successful completion of coursework toward a certificate or degree. Federal regulations require the OSFA to monitor the progress of each student toward certificate/degree completion. Students who fall behind in their coursework or fail to achieve minimum standards for grade point average and completion of classes, may lose their eligibility for all types of federal and state aid, and university aid administered by the OSFA. (More Satisfactory Academic Progress Information)