Academic Standards of Progress
Federal regulations governing federal financial aid programs stipulate that in order for a student to continue to receive financial aid funding, the student must maintain satisfactory academic progress, as defined by the institution. For further information, contact the Office of Financial Aid.
Each semester you receive financial aid, you will be required to complete 66% of the units for which you receive federal, state, and institutional financial aid funds. In addition, you must earn a grade point average of at least 2.00 each semester financial aid is received.
Any student, who, at the end of the academic year, fails to maintain satisfactory academic progress, may be placed on financial aid probation for one academic year. At the end of the academic year, if the student has failed to maintain satisfactory academic progress, s/he is ineligible to receive financial aid, including student loans.
Monitoring Academic Enrollment/Satisfactory Academic Progress
Verification of your enrollment will be made prior to all disbursements. Therefore, you must be enrolled for the semester for which you plan to receive your financial aid award. Also, your academic records will be reviewed at the end of each academic year to determine if you are maintaining, and progressing toward your educational goal. Be sure to complete the units for which you receive financial aid funds, and maintain a cumulative grade point average of at least 2.00 for each semester financial aid is received. If you become academically disqualified, you are automatically disqualified from receiving financial aid.
University of La Verne Return of Aid Policy
If you decide to withdraw from school during a period of enrollment you should speak to the Registrar’s Office immediately. Students who withdraw while receiving federal financial aid can use the chart below to understand the return of Title IV funds calculation required by the Department of Education.
|Return of Federal Funds Policies||Requirements and Options for Students||Requirements and Options for the School|
|All students receiving federal financial aid who completely withdraw within the first 60% of a term or semester are subject to the Return of Federal Funds (Title IV) provisions.
The responsibility to repay unearned aid is shared by the University of La Verne and the student.
During the first 60% of the term (or semester) the student “earns” federal aid in direct proportion to the length of time he/she is enrolled in the term.
A percentage is calculated by dividing the number of days completed in the term by the number of calendar days in the term.
|The student shares in the responsibility of repaying federal or Title IV funds that are awarded and are unearned.
The student’s share is the difference between the total unearned amount and La Verne’s share of unearned aid. The student must repay his/her share of the unearned funds within 45 days after being billed by La Verne or the student may set up a repayment plan with the U.S. Department of Education.
In accordance with the federal regulations, the return of Title IV funds is made in the following order:
|The University shares in the responsibility of repayment
of Title IV funds for the unearned portion of tuition and fees. The institutional share is the lesser of the total amount of earned aid or institutional charges multiplied by the percentage of aid that was unearned. The University must make post-withdrawal disbursements to eligible students who earned more financial aid than was disbursed prior to withdrawal.
The University of La Verne must return its share of
The University has the option to bill the student for