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Financial Aid Status Information for Financial Aid Satisfactory Academic Progress (SAP)

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 – Only for students seeking a certificate program

Students seeking a certificate program who fail to meet either the Pace requirement in 5.10 (C1) or GPA requirement in 5.10 (C2) will be placed on a Financial Aid Warning in the succeeding academic term. The Financial Aid Warning status does not prevent a student from receiving FSA.

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

A Financial Aid Warning for certificate programs means you are still eligible for Federal Student Aid for one semester. However, you must improve your academic standing in order to avoid the loss of aid. The amount or degree of improvement varies from student to student, depending on the individual’s life situation. 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 a successful completion of all courses with a grade point average which meets Student Academic Progress (SAP) Policy.

Financial Aid Probation Status

The college will determine if you have completed at least 67% of the classes you have attempted.  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 your 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 federal student aid.  When OTC reinstates your aid, you will be required to follow a specific criteria in an effort to complete your program of study.  The criteria to stay eligible for federal aid while on an approved appeal plan is listed below:

a. Average 2.0 GPA for the semester.
b. No drops, fails, withdraws while on an approved appeal plan.
c. Program of study at end of term while on an approved appeal plan = program of study approved by the SAP Committee.
d. Program of study end date assigned by SAP Committee has not expired.

If you do not meet the objectives of your approved appeal 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 the SAP standards which will be your responsibility to pay out of pocket.

Financial Aid Over Timeframe Status

Financial Aid Over Timeframe Status means that you exceeded the maximum number of credit hours allowable for Federal Student Aid (FSA) to cover your program of study. This means you lost your eligibility for FSA. You 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 a specific criteria in an effort to complete your program of study.  The criteria to stay eligible for federal aid while on an approved appeal plan is listed below:

a. Average 2.0 GPA for the semester. B.
b. No drops, fails, withdraws while on an approved appeal plan.
c. Program of study at end of term while on an approved appeal plan = program of study approved by the SAP Committee.
d. Program of study end date assigned by SAP Committee has not expired.

If you do not meet the objectives of your approved appeal plan, you will lose eligibility for Federal Student Aid without an opportunity to appeal. 

Financial Aid Graduated Status

Financial Aid Graduated Status means that you have completed your program of study and lost eligibility for Federal Student Aid (FSA). In other words, the objective of the FSA Program is to assist with the completion of a program, which in this case, has 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 a specific criteria in an effort to complete your program of study.  The criteria to stay eligible for federal aid while on an approved appeal plan is listed below:

a. Average 2.0 GPA for the semester.
No drops, fails, withdraws while on an approved appeal plan.
c. Program of study at end of term while on an approved appeal plan = program of study approved by the SAP Committee.
d. Program of study end date assigned by SAP Committee has not expired.

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

-Financial Aid Status Information for Financial Aid Satisfactory Academic Progress

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