I'm usually a straight A and B student, but I did pretty bad in school last semester and it says I'm on "probation" for financial aid this semester. What exactly does that mean?
2007-01-08 04:35:19 · 5 answers · asked by Maria Isabel 5 in Education & Reference ➔ Financial Aid
You will have to check with your financial aid office but at my school probation is a warning period due to poor grades or completion rate. Students are required to keep a 2.0 GPA and complete at least 2/3 of the classes they have attepted to keep satisfactory academic progress (SAP). So if you got all As and Bs in 6 classes over the course of your college carreer and then took 4 classes and failed all in one term you will have only completed 6/10 classes and will not be meeting satisfactory progress even though your GPA may still be above 2.0. You would be put on probation for one term to bring up your GPA or complete enough classes to be above 2/3 (take 3 classes pass all 3 and you will have completed 9/13 which is greater than 2/3). If you do not pull yourself out of probation you will be suspended from Financial aid and you may be eligible to appeal this process.
Just a note that some schools may require you to appeal a probation and not give a warning period, the above example was based on the school I work at.
2007-01-08 04:42:05 · answer #1 · answered by appylover 4 · 0⤊ 0⤋
If you were getting bad grades, then your financial aid probation could be because of your academic probation. Since your grades are good, then I would suggest you go to the following website: www.nslds.ed.gov and enter your appropriate information. You will find all the money you owe any institution concerning financial aid. It's possible that you could owe money to someone or you may have a previous loan that came out of deferrment. If you have a previous loan that came out of deferrment, go to the bank you have the student loan with and request "In School Loan Deferrment Forms"...fill these out and send them to your finance counselor. Anything else, please don't hesitate to email me...Jared.Newnam@apollogrp.edu
2007-01-08 04:47:19 · answer #2 · answered by steakfri_98 2 · 0⤊ 0⤋
Run to the college you will be attending, asap. They will know what to do, and most likely will do all the paperwork. All you will have to do is sign. Be very careful not to go out of grace period, before getting the other loan set up and active. You might want to take an on-line class at your new school, for the summer term. Check out any pitfalls you might be overlooking. The government rules might have changed since I graduated in 2002. I know the interest rate has shot up. I consolidated at 2%. Keep an eagle eye on every step of your student loans. That was how I scored.
2016-05-23 10:46:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It means get your grades up or lose your financial aid...you usually have a semester to do so...you have to check w/ your adviser as to exactly what your GPA needs to be in order to keep you aid...
2007-01-08 04:43:17 · answer #4 · answered by Cindy B 2 · 0⤊ 0⤋
Meaning if you don't do better in the next term you will lose all or some of your FA.
2007-01-08 04:45:44 · answer #5 · answered by romulusnr 5 · 0⤊ 0⤋