Keeping Your Financial Aid

There are two ways of putting your financial aid in jeopardy: withdrawal from school and failure to maintain satisfactory academic progress.

Withdrawal from School
If you register and then withdraw from all classes, your eligibility for aid will be recalculated based on the number of days you attended class. If you withdraw from all classes prior to the first class day, you must repay any and all financial aid received. If you withdraw on or after the first class day, you may have to repay a portion of any financial aid received. See Return of Title IV Funds below. If you withdraw, you should consult the definition of Satisfactory Academic Progress to determine if your withdrawal will affect your eligibility for future aid.

The Higher Education Amendments of 1998 changed the formula for calculating the amount of aid a student and school can retain when the student withdraws from all classes. Students who withdraw from all classes prior to completing 60% of the semester will have their eligibility for aid recalculated based on the percent of the semester completed. For example, a student who withdraws completing only 30% of the term will have "earned" only 30% of any Title IV aid received. The remaining 70% must be returned by the school and/or the student. If you are thinking about withdrawing from all classes PRIOR to completing 60% of the semester, you should contact both the Financial Aid Office and the Student Accounts Office.

Undergraduate Satisfactory Academic Progress
To be eligible for financial aid at Husson University, you must demonstrate satisfactory academic progress. The Federal Government requires that this be measured quantitatively and qualitatively. The University utilizes the number of credits earned as a percentage of those attempted as the quantitative evaluation, and the cumulative GPA as the qualitative measure. For financial aid purposes, all students will be evaluated for academic progress at the end of each semester. The following table represents the standards upon which satisfactory academic progress will be measured. To the extent a student does not achieve these standards, he or she will be placed on financial aid warning.

 # of credits attempted
 GPA OR earned
 1 - 23
 1.50  50%
 24 - 53
 1.70  50%
 54 - 83
 1.80  67%
 84++  1.90  67%

Being placed on financial aid warning does not result in immediate loss of financial aid. However, aid will be suspended if the student does not meet the standard of satisfactory academic progress in the subsequent semester. The Director of Financial Aid may reinstate suspended benefits upon receipt of written evidence of extenuating circumstances supported by third party documentation. Extenuating circumstances generally constitute those events that cause academic and personal hardships that are beyond the control of the student. The Director's decision on whether to reinstate financial aid is final.