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Financial Aid Status Information for Financial Aid Satisfactory Academic Progress

Your academic performance in the college courses you take will impact your ability to retain eligibility for Federal Student Aid (FSA). These funds might come from the Federal Pell Grant, Federal Direct Loans, Federal SEOG or Federal Work Study. In other words, dropping, withdrawing, failing or otherwise not completing courses will impact your ability to continue to receive funding. Use the drop down menu to determine your Financial Aid Status Information for financial aid satisfactory academic progress.

Financial Aid Warning Status

First, the college will determine whether you completed at least 67% of your coursework and meet the minimum grade point average requirements for your program of study. If not, OTC will place you on Financial Aid Warning.

Financial Aid Warning means you are still eligible for Federal Student Aid for one semester. However, you must improve your academic standing in order to avoid loss of aid. The amount or degree of improvement varies from student to student. Therefore, speculation of how well one must do in classes is not as important as being aware of your own strengths and weaknesses. You should use this knowledge to determine what courses to take during a semester.  The goal should be to take courses that lead to completion of your chosen program of study. You should strive for asuccessful completion of all courses with a grade point average which meets SAP Policy.

Financial Aid Probation Status

First, you will receive a Financial Aid Warning. Then the college will determine whether have not complete at least 67% of your coursework. It will also determine whether you meet the minimum grade point average requirements for your program of study. If not, OTC will place you on Financial Aid Probation.

Financial Aid Probation means you have lost eligibility for Federal Student Aid.  You will have the opportunity to file a financial aid appeal for OTC. If you do, OTC will consider a possible reinstatement of your student aid.  When OTC reinstates your aid, it will require you to follow an academic plan in an effort to complete your program of study.

If you do not meet the objectives of your academic plan, you will lose eligibility for Federal Student Aid without an opportunity to appeal.  To regain eligibility, you must take coursework without the assistance of the Federal Student Aid Programs until you meet SAP standards on your own.

Financial Aid Over Timeframe Status

Financial Aid Over Timeframe Status means that you exceeded the maximum number of credit hours allowable for FSA to cover your program of study. This means, therefore, that you lost your eligibility for FSA. Students have the opportunity to file a financial aid appeal for OTC to consider a possible reinstatement of your student aid.  When OTC reinstates your financial aid, it will require you to follow an academic plan in an effort to complete your program of study.  If you do not meet the objectives of your academic plan, you will lose eligibility for FSA without an opportunity to appeal.

Financial Aid Graduated Status

Financial Graduated Status means that you have completed your program of study and lost eligibility for FSA.  In other words, the objective of the FSA Program to assist with completion of a program have been met. If you are planning on pursuing another degree program at the college, you will have the opportunity to file a financial aid appeal. If you appeal, OTC will consider a possible reinstatement of your student aid.  When your aid is reinstated, you will be required to follow an academic plan in an effort to complete your program of study.

If you do not meet the objectives of your academic plan, you will lose eligibility for FSA without an opportunity to appeal. 

-Financial Aid Status Information for Financial Aid Satisfactory Academic Progress

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