Gwynedd Mercy University
AY2021-2022 Undergraduate Academic Catalog
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 .
It is the responsibility of the aid applicant to file all required forms by the stated deadlines . An incomplete application cannot be processed and will , therefore , not receive consideration . Once completed , your aid will be processed as time and funding permit .
In distributing financial aid , priority will be given to full-time students . Students enrolled on a half-time basis who are carrying a minimum of six credit hours per semester , may apply for financial aid and will receive all possible consideration for every type of assistance for which they qualify based on availability . 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 .
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Student Financial Aid Satisfactory Academic Progress Policy
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 each term .
Academic Progress Standards A . 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 . 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 . B . 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 . C . Developmental Courses : Developmental courses are evaluated in the progress calculation , including completion rate , maximum hours and cumulative grade point average . Federal financial aid may be awarded for a maximum of 30 semester hours of developmental coursework .
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