Unfortunately, every year, some students experience the heartbreak of learning that they are no longer eligible for financial aid, and the money that has afforded them higher education is being withdrawn. Usually these students become ineligible for financial aid because their grade point averages have fallen below the minimum requirement. In other cases, they have withdrawn from a class, and thus, failed to complete the minimum number of credits per term.
Usually, students do not immediately lose their financial aid, but are instead sent a warning letter and put on probation for a school term. In a Hartford Courant article, a representative of one Connecticut community college estimates that about 20 percent of students receiving financial aid are on probation at any given time.
The warning letter and probation can serve as a harsh reality check for students who believed that financial aid would be consistent. Margaret Wolf, director of financial aid at Connecticut's Capital Community College, tells the Hartford Courant that after students initially qualify for financial aid, they may mistakenly think that they no longer have to worry about their grades and eligibility. Students need to remember, Wolf says, that "the government is looking at you as a financial investment."
The federal government provides a number of grants and loans to students who wish to pursue higher education, but . . . read more