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Financial Aid at Husson University

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. (Consumer Information 34 CFR 668.22). This law specifies how Husson University must determine the amount of Title IV program assistance that you earn if you withdraw from school. The Title IV programs that are covered by this are: Federal Pell Grants, Iraq & Afghanistan Service Grants, TEACH Grants, Direct Loans, Direct PLUS Loans, Federal Supplemental Education Opportunity Grants (FSEOGs) and Federal Perkins Loans.

Though your aid is posted to your account at the start of each semester, you earn the funds as you complete the semester. If you withdraw during your payment period or period of enrollment the amount of the Title IV program assistance that you have earned up to that point is determined by a specific formula. If you received (or Husson or your parent received on your behalf) less assistance than the amount that you earned, you may be able to receive those additional funds. If you received more assistance than you earned, the excess funds must be returned by Husson University and/or by you.

The amount of assistance that you have earned is determined on a pro rate basis. For example, if you completed 30% of your payment period or period of enrollment, you earn 30% of the assistance you were originally scheduled to receive. Once you have completed more than 60% of the payment period or period of enrollment, you earn all the assistance that you were scheduled to receive for that period.

If you did not receive all of the funds you earned, you may be due a post-withdrawal disbursement. If your post-withdrawal disbursement includes loan funds, Husson must get your permission before it can disburse them. You may choose to decline some or all of the loan funds so that you don't incur additional debt. (We highly encourage practice). We may automatically use all or a portion of your post-withdrawal disbursement of grant funds for tuition, fees, and room/board charges (as contracted with Husson). Husson needs your permission to use the post-withdrawal disbursement for all other school charges. If you do not give your permission, you will be offered the funds. However, it may be in the best interest to allow us to keep the funds to reduce your debt at the school.

There are some Title IV funds that you were scheduled to receive that cannot be disbursed to you once you withdraw because of other eligibility requirements. For example, if you are a first-time, first-year undergrad student and you have not completed the first 30 days of your program before you withdraw, you will not receive any Direct Loan funds that you would have received had you remained enrolled past the 30th day.

If you receive (or Husson or parent receive on your behalf) excess Title IV program funds that must be returned, your school must return a portion of the excess equal to the lesser of:

1. Husson charges are multiplied by the unearned percentage of your funds, or

2. The entire amount of excess funds.

We must return this amount even if you didn't keep this amount of your Title IV program funds. If Husson is not required to return all of the excess funds, you must return the remaining amount.

Any loan funds that you must return, you (or your parent for a Direct PLUS Loan) repay in accordance with the terms of the promissory note. That is, you make a scheduled payment to the holder of the loan over a period of time.

Any amount of unearned grant funds that you must return is called an overpayment. The maximum amount of a grant overpayment that you must repay is half of the grant funds you received or were scheduled to receive. You do not have to repay a grant overpayment if the original amount of the overpayment is $50 or less. You must make arrangements with Student Accounts or the Department of Education to return the unearned grant funds.

The requirements for Title IV program funds when you withdraw are separate from any refund policy that Husson has. Therefore, you may still owe funds to the school to cover unpaid institutional charges. Husson may also charge you for any Title IV program funds that the school is required to return. If you don't already know our refund policy please talk to Financial Aid and Student Accounts before making any decisions. Also please visit the OASIS Office located in Peabody 208 for procedures for withdrawing from school.

If you have any questions about your Title IV program funds, you can call Federal Student Aid Information Center at 1.800.4.FEDAID (1.800.433.3243). TTY users may call 1.800.730.8913. Information is also available on Student Aid at www.studentaid.ed.gov.

SATISFACTIORY ACADEMIC PROGRESS FINANCIAL AID POLICY

What is Satisfactory Academic Progress (SAP)?

Satisfactory Academic Progress (SAP) standards ensure that each student is successfully completing their coursework and can continue to receive financial aid. The U.S. Department of Education requires that ALL students who receive financial assistance make real and measurable progress in the academic program in which they are enrolled. Husson University must establish, publish, and apply standards to monitor each students’ progress toward completing their degree program. SAP affects all federal and state aid, as well as most forms of need-based institutional aid, including the Husson employee tuition waiver.

To be and to remain eligible for financial aid, you must meet specific minimum thresholds in both cumulative GPA and cumulative credit-hour-completion rate as seen below:

Undergraduate Students

Credits Attempted

GPA Above

Competition rate: Completed credits ÷ attempted credits must be above:

1-23

1.50

67%

24-53

1.70

67%

54-83

1.80

67%

84++

2.00

67%

Graduate Students

Credits Attempted

GPA Above

Competition rate: Completed credits ÷ attempted credits must be above:

Doctorate of Pharmacy

2.0

67%

All other Graduate Programs

3.0

67%

How often is my progress checked?

SAP is reviewed at the end of every fall, spring and summer semesters for all students.

What is a Financial Aid Warning? 

If you fail to meet the required minimum GPA and/or completion standards, you will be placed on a SAP Warning for one semester. You may still receive financial aid during your Warning semester.

  • If you attain the required GPA and/or completed credits percentage standards by the end of your Warning term, you will no longer be on a SAP Warning.
  • If you fail to meet the required minimum GPA and/or credit hour completion rate at the end of your Warning term, you will be disqualified from using financial aid in subsequent semesters.

 What is Financial Aid Disqualification? 

If you were placed on SAP Warning in a previous semester and continued to fall below minimum requirements at the end of that Warning term, you will be placed on SAP Disqualification, causing the loss of financial aid eligibility going forward. You will receive an email from the Financial Aid Office notifying you of your SAP Disqualification. You have two options on a SAP Disqualification:

  1. You may appeal the Disqualification (details on next page)
  2. You may continue without the benefits of financial aid. You will still be responsible for finding a way to pay your student account charges if you decide not to appeal. Other ways to pay include a payment plan or private education student loans (elmselect.com). 

What is required for an appeal?

You may appeal your SAP Disqualification status. All appeals must include both of the following requirements before our SAP Appeal Committee can review your appeal:

  1. A written/typed statement that discusses the circumstances that kept you from meeting SAP requirements, and what you will change or do differently in order to foster academic success moving forward.
  2. A written/typed letter of support from your academic advisor, endorsing your academic plan moving forward. Circumstances for an appeal can include, but are not limited to:
    1. The death of a relative
    2. Injury or illness of the student
    3. Other special circumstances, such as:
      1. Family difficulties, such as divorce or illness
      2. Interpersonal problems with friends, roommates, significant others, etc.
      3. Difficulty balancing school and work, athletics, family responsibilities, etc.
      4. Financial difficulties.

 Is there an Appeal Deadline?

Your appeal must be submitted within 30 days of notice of the disqualification. Incomplete appeals will not be reviewed. Once all required pieces of information are received, the SAP Appeal Committee will review your appeal within 14 business days and notify you of their decision via email.

 

If my Appeal is Granted, will all my Aid be Reinstated?

If your appeal is approved, your financial aid will be reinstated for the appropriate terms in accordance with federal, state, and university regulations, processing requirements/deadlines, and availability of funds. 

SAP Probation:

You will be placed on SAP Probation if your appeal is approved. Under SAP Probation, you may receive financial aid for one period of enrollment (semester). After that semester is complete, you must either meet the SAP minimum standards or the requirements of the academic plan developed by your advisor and the Financial Aid office to continue to be eligible for financial aid. If you do not successfully follow the academic plan or meet minimum requirements you will no longer be eligible for financial aid and would be placed on SAP Disqualification again. You may submit another appeal, however this does not guarantee your subsequent appeal will be approved.

What are My Options if my Appeal is Denied?

You may continue without the benefit of financial aid. You may apply for a payment plan or explore your options for alternative student loans via www.elmselect.com.  

Additional SAP information:

  • Class failures, withdrawals, and incompletes are considered attempted, but not completed credits for the purposes of evaluating Satisfactory Academic Progress.
  • Submission of an appeal does not guarantee reinstatement of your eligibility.
  • There is no limit on the number of times you may appeal a SAP disqualification.
  • ALL credits attempted and earned will be included when calculating your maximum attempted credits, GPA, and completed credits percentage.
  • If you change majors, the credits you earn under all majors will be included in your GPA calculation as well as the calculation of credits you have attempted and earned.
  • If you take undergraduate courses while you are a graduate student, credits you earn will be included in your GPA, completed credits, and maximum attempted credits.