Gwynedd Mercy University AY2020-2021 / Undergraduate Academic Catalog
Above requirements should be fulfilled prior to April 1
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 , it 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 and which Gwynedd Mercy University has available .
A letter explaining the action taken on the aid application and giving information about aid offered will be sent to each student whose application is complete .
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 both the fall and spring semesters .
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 PHEAA 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 . 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 program . All credits attempted and all transfer credits that are applicable to your program are counted .
D . Developmental Courses : Developmental courses are evaluated in 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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