How to Maintain Your Financial Aid

How to Maintain Your Financial Aid
Are you still eligible for financial aid? Learn about the GPA and coursework requirements to ensure that you can maintain your financial aid every quarter or semester.

Maintaining your financial aid standing at a community college is crucial for continuing your education without undue financial burden. To ensure ongoing eligibility, meeting certain requirements and following specific guidelines is important. Firstly, maintaining satisfactory academic progress is paramount. This typically entails achieving a minimum GPA and successfully completing a certain percentage of credits each semester. Additionally, students must adhere to attendance policies and make timely progress toward their degree or certificate program. It is imperative to stay informed about any changes in financial aid policies or requirements and submit all necessary documents and forms by specified deadlines. Regularly communicating with the financial aid office and seeking their guidance can help navigate any challenges or questions that may arise. By remaining diligent, organized, and proactive in meeting the criteria outlined by the community college's financial aid department, students can sustain their financial aid standing and continue to receive crucial support for their educational journey.

Many students at community colleges would not be able to pursue their educational and vocational goals were it not for the help they receive through financial aid programs.

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that they are no longer eligible for financial aid and the money that has afforded them higher education is being withdrawn.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 In other cases, they have withdrawn from a class and, thus, failed to complete the minimum number of credits per term.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.

This video outlines the requirements for maintaining financial aid standing at Genessee Community College.

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 lack the funds to do so. In order to secure and keep this federal financial aid, students should become familiar with the academic requirements they must meet.

Academic Standards

The Federal Student Aid Commission says that students must show satisfactory progress toward a degree or certificate to maintain their financial aid. What counts as "satisfactory progress" varies from one school to another, but it usually includes the following elements:

Grade Point Average

One of the measurements that counts towards financial aid eligibility is your grade point average. At Foothill College in California, for example, students must maintain at least a 2.0 cumulative GPA and earn at least a 2.0 GPA every quarter in order to maintain eligibility for financial aid.

Course Completion

Most colleges require that students complete a minimum number of the courses they enroll in if they are to continue receiving financial aid. At Northeast Texas Community College, for example, a student who registers for 12-semester credits must complete at least 9 credits by the end of the semester in order to remain eligible for aid.

Time Frame for Degree or Certificate Completion

Schools also must set limits on the number of credits students may accumulate while receiving financial aid without earning a degree or certificate. At Foothill Community College, for example, students must achieve either an A.A./A.S. degree or a transfer to a four-year college within 90 and 110 quarter units. If a student reaches the maximum allowed number of credits and has not achieved a degree or transfer goal, the student will no longer be eligible for financial aid.

This video offers some guidance on the financial aid process.

Tips for Students Receiving Financial Aid
Don't withdraw from classes if you can help it

In some cases, staying in a course and taking a low grade may be better than withdrawing from the course. Falling below the required ratio of courses completed to courses registered is a sure path to financial aid probation.

Stay focused on your degree plan

Students should also make sure they plan for which courses they need to take to earn a degree, certificate, or transfer eligibility to a four-year college or university. If students take too many "just for fun" courses while receiving financial aid without making progress towards a degree or certificate, they may find that their aid is cut off before they can achieve their educational goals.

Know that you can file an appeal if your financial aid is denied

If your financial aid is denied, you almost always can file an appeal with your college's financial aid office. A college's financial aid office employees want students to succeed, and they are likely to be understanding if genuinely difficult life circumstances have interfered with a student's academic progress. Students who take the initiative to file an appeal may find that all hope is not lost.

Questions? Contact us on Facebook. @communitycollegereview

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