Gwynedd Mercy University ( v 8-11-21 )
AY2021-2022 Graduate Academic Catalog
B . Returning Students Students who wish to request renewal of financial aid for an upcoming academic year , as well as those already enrolled who wish to apply for financial aid the first time , must : 1 . Submit the Free Application for Federal Student Aid ( FAFSA ). Gwynedd Mercy University ’ s federal code is 003270 . You must enter our school code in order for us to receive the results of your FAFSA . a . You must submit the FAFSA for each year in which you want to be considered for financial aid . 2 . Complete the Federal Verification process , if selected for verification . Note : Please submit your FAFSA no later than April 1 each year .
Students will receive notification that their aid package is available for review via email . Students must log into their GMercyU Self Service account to view and accept their financial aid package .
Satisfactory Academic Progress ( SAP )
Standards of Satisfactory Academic Progress Federal regulations require that all students who receive any financial aid meet federal academic progress standards while taking courses toward a degree or certificate program . This policy applies to all terms of enrollment , even if not receiving federal aid , and all enrollment types ( full-time / part-time ). Academic progress is measured by cumulative grade point average , percentage of credits successfully completed , and the time it takes to complete the degree program . The financial aid office checks student academic progress after both the fall and spring semesters .
Measurement of Academic Progress Requirements
• Completion Rate ( 67 % Rule ): Students must receive a satisfactory grade in courses attempted by completing at least 67 % of the credits for which they are enrolled . This percentage is calculated by dividing the number of credits earned by the number of credits attempted . All withdrawals , failures and incompletes are counted as attempted , but not earned credits . o Exception to the 67 % Rule : It is important to note that the 67 % completion rule applies to most types of financial aid . However , specific programs may mandate a higher completion rate . For example , the PA State Grant requires that a full-time student earn 24 credits ( repeated coursework does not count in this total ) in an academic year and requires a minimum of 12 credits for part-time students .
• Cumulative GPA Minimum Requirements ( GPA Rule ): The maintenance of a cumulative grade point average of 2.0 for upper classmen and 1.8 for freshman students . Graduate , second bachelor ’ s degree and doctoral students must maintain a 2.0 cumulative grade point average . Additionally , specific grants and scholarships may require a higher minimum cumulative grade point average .
• Maximum Hours ( 150 % Rule ): Students may only receive financial aid up to the point at which they can no longer complete their program of study within 150 % of the program length ( including all semesters , even if no federal aid was received ). For example , if a program requires 120 credits , a student may only attempt up to 180 credits in that
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