Gwynedd Mercy University
AY2021-2022 Undergraduate Academic Catalog
If a student ’ s appeal is approved , they may be required to develop ( with designated university staff ) and follow an academic plan and successfully complete courses with a grade of C or better in order to continue receiving student aid . Failure to follow the academic plan and successfully complete all registered courses during the semester of appeal , will result in the student having to successfully complete future courses without any financial aid support until all academic standards are met as described in this policy . Successful completion means receiving a grade of A , B or C . Withdrawals , incompletes and audits do not count as a successful completion grade .
If a student ’ s academic progress appeal is approved and an academic plan is developed , then the student may receive financial aid on a probationary status ( for either one semester or one year as determined by the appeals committee ) until satisfactory academic progress criteria is met .
Regaining Financial Aid Eligibility If a student does not meet satisfactory academic progress requirements and chooses to enroll at the University without financial aid assistance , academic progress will be checked again at the end of that term of enrollment . At that time , if the progress requirements are met , the student ’ s financial aid eligibility will be reinstated for subsequent semesters . Institutionally-administered grants and scholarships will be reinstated for the student IF funds are still available at the time of awarding .
Normally , students should complete the associate degree in four semesters of full-time enrollment ; the bachelor ’ s degree in eight semesters of full-time enrollment . Mitigating circumstances may necessitate an additional semester ( s ). Students should understand that state and institutional financial aid is limited to a maximum of four semesters for the associate degree and eight semesters for the bachelor ’ s degree .
Eligibility for federal aid is limited to twelve semesters for the bachelor ’ s degree and six semesters for the associate degree .
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Return of Title IV Funds The Office of Student Financial aid recalculates federal financial aid eligibility for students who withdraw prior to completing 60 % of a payment period or semester , drop out , are dismissed . Recalculation is based on the percentage of earned aid using the following federal Return of Title IV Funds formula : Percentage of payment period or term completed = the number of days completed up to the withdrawal date divided by the total days in the payment period or semester . ( Any break of five days or more is not counted as part of the days in the semester .) This percentage is also the percentage of earned aid .
Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula : Aid to be returned = ( 100 % of the aid that could be disbursed minus the percentage of earned aid ) multiplied by the total amount of aid that could have been disbursed during the payment period or semester .
If a student earned less aid than was disbursed , the institution would be required to return a portion of the funds and the student would be required to return a portion of the funds . Keep in mind that when Title IV funds are returned , the student borrower may owe a balance to the institution .
If a student earned more aid than was disbursed to him / her , the institution would owe the student a post withdrawal disbursement , which must be paid within 120 days of the student ’ s withdrawal .
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