Satisfactory Academic Progress (SAP) is the measure of a student’s successful completion of coursework toward a certificate or degree. Federal regulations require schools to monitor cumulative grade point average and the percentage of coursework completed at least once a year. Students who fail to achieve minimum standards may lose their eligibility for federal, state and institutional financial aid programs.
Academic progress for federal and state financial aid programs is based on three measures: Cumulative Grade Point Average, Pace of Progression based on credit hours completed compared to hours attempted, and a Maximum Timeframe for degree completion. While the Satisfactory Academic Progress Policy is a minimum requirement to maintain financial aid eligibility, students are encouraged to work closely with academic advisors and college personnel to achieve their educational goals. Good financial planning includes selecting meaningful coursework, completing all registered classes with satisfactory grades, and seeking your degree in a timely manner.
When applying for federal student aid, the information provided on the Free Application for Federal Student Aid (FAFSA) is used in a formula, established by the U.S. Congress, that calculates an Expected Family Contribution (EFC). The EFC is used in an equation to determine financial need.
Cost of Attendance
Minus Expected Family Contribution
Minus Other Financial Assistance
Equals Financial Need
An estimate of expenses for education such as tuition, fees, room board, books, supplies and other related expenses. Click here to view the chart for the 2018-2019 Tuition Schedule chart. Please note that the figures listed on this website are estimates for the 2018-2019 aid year and subject to change.
Effective July 1, 2011, there is a rule change regarding federal financial aid and payment of repeated coursework. If you have taken and passed a course (with a grade of D or higher), federal financial aid will now only pay for you to repeat this course one time. Should you decide to repeat a course for a second time (or more), federal financial aid will not cover the cost of that course.
If you are currently enrolled in a repeated course for the second time, and you passed the course the first time you enrolled in it, your financial aid may be revised. You should consider dropping the course and adding another course you have not taken before.
Verification is a federally mandated review process. The NWLTC Financial Aid Office is required to obtain and compare information submitted on tax documents, the verification form, and the FAFSA.
Students selected for verification must complete the NWLTC verification form and submit all required documents. Verification can be a lengthy process; therefore, we strongly recommend that students and their families submit the form and all verification documents as soon as they are requested. Students should check their LoLA account OFTEN for missing requirements.
Any differences between information entered on the verification form or other requested documents and the FAFSA will result in a new determination of financial need. This new determination of financial need may alter the student’s financial aid eligibility.
Your financial aid award will be adjusted for the following reasons:
Failure to Begin Attendance
Federal regulations require that students earn their financial aid funds by attending and actively participating in courses. Attendance information is collected from faculty to verify financial aid eligibility. If a student fails to begin attendance in a course, the institution is required to reduce the student’s financial aid enrollment level and eligibility.
Last Date of Attendance Determination
Students who have been paid federal financial aid funds are required to earn these funds by participating in classes. Students who quit participating in all courses prior to the 60% point in the semester, but have already received their federal financial aid disbursement, may have been overpaid. The repayment amount for an overpayment is based upon the number of days in the semester the student has completed and the student’s last date of an academically-related activity. A federally mandated formula is used to calculate the amount of the overpayment.
NWLTC uses the “Return of Title IV Funds Policy” in accordance with the 2008 Reauthorization of the Higher Education Act of 1965, as amended.
|Days Student Attended Prior to Withdrawing||37|
|Divided by Total Days in the Semester||100|
|Equals Percentage of Earned Aid||37%|
|100% Aid Percentage||100%|
|Minus Percentage of Earned Aid||37%|
|Equals Percentage of Unearned Aid||63%|
|Percentage of Unearned Aid||63%|
|Multiplied by Total Aid Received(*example)||*$2,345.00|
|Equals Unearned Aid Amount||$1,477.35|
|Unearned Aid Amount||$1477.35|
|Minus 25% Fee Refund (*example)||*$586.30|
|Equals Difference on Account||$891.05|
Note: “Disbursement” does not mean “Refund.” “Disbursement” means the financial aid awards have been applied to your NWLTC student account. “Refund” means the credit balance owed to you will be sent to BankMobile (NWLTC’s debit card company).