Presentation on theme: "2011-2013. Three components that we check after every semester. 1. GPA Requirement – 2.0 for sophomore and above. 1.5 for freshman. 2. Pace of Progression."— Presentation transcript:
Three components that we check after every semester. 1. GPA Requirement – 2.0 for sophomore and above. 1.5 for freshman. 2. Pace of Progression – Required to maintain a 67% overall completion rate. ▪ Take the overall credit hours earned and divide them by the overall credit hours attempted. Example: 57/70=81% 3. Credit Hour Maximum Timeframe – We had to established a limit on the number of credit hours a student can attempt and still remain eligible for Federal Student Aid. This limit is based on 150% of credit hours needed to complete the degree for which the student is pursuing.
Example: It takes 120 credit hours to complete the Lakota Studies degree. So take 120 x 150% to get the timeframe a student has to complete their degree. 120 x 150% = 180 attempted credit hours. If at any time we see that the student cannot complete their degree within the 150% timeframe – the student is no longer making Satisfactory Academic Progress and not eligible for Title IV aid.
Last year, all colleges and Universities across the nation were required to change the terminology in our SAP policies to be the same where ever they went. WARNING, INELIGIBLE, PROBATION WARNING is what we used to call PROBATION, the first occurrence of not making satisfactory progress. INELIGIBLE is what we used to call SUSPENSION, the second occurrence of not making satisfactory progress. PROBATION is now the status of a student who had an appeal for Ineligible status approved.
When a student Totally Withdraws from ALL their courses, this puts them on AUTOMATIC INELIGIBLE status. This is to implement a penalty for withdrawing from their courses after the Pell Grant refund has been paid out. It also makes the student Ineligible for all OLC scholarships when the student returns to OLC the next semester.
When a student makes Non-Satisfactory Progress and is placed on Ineligible status they may submit an Appeal to our Financial Aid Appeals committee. Appeals are approved if the student had extenuating circumstances for not completing the semester that they were placed on Ineligible status. Extenuating circumstances include: personal illness or injury, a death of an immediate family member, casualty losses due to weather, fire, or acts of God. Documented proof must be submitted with their appeal.
Students now have a limit on the number of years they can receive a Pell Grant. 600% or 6 years of full-time funding. NSLDS is what the student uses to view their LEU. The Student Aid Report is C coded when a student is close to the 600% threshold or if it is above it. Financial Aid can pull up the students’ LEU record our computer system - COD.
Currently Fall 2012 New – Zero LEU: 279 students or 22% 500-599% LEU (Students in their last year receiving PELL): 53 students or 4% 600% and above: 60 students or 5% Total students currently enrolled who completed a FAFSA: 1248 34 students are Not Registered and are at 600% or above.
This was created by our scholarship committee to help our students who cannot get books charged on their PELL Grant because: 1. Lifetime Eligibility Usage is at 600% or more 2. They cannot graduate within the 150% Timeframe. Must have the minimum Pace of Progression and the minimum GPA to qualify. 44 students were helped this semester for a total amount of $13,770.
We are now requiring our students to only declare one major. Pell will not pay for courses not on the student’s degree plan.
IRS Data Retrieval Tool vs. IRS Tax Transcript IRS Data Retrieval Tool is available on the FAFSA application. If the student uses this and they are selected for verification, no documentation is required on their taxes. IRS Tax Transcript can be ordered on-line, or the students can call the IRS to order a tax transcript, or the student go to Rapid City to the Federal building and pick up the transcript at the IRS office. IRS Tax Returns are no longer accepted.