The FAFSA must be completed each academic year in order to stay eligible for Federal Student Aid (FSA). The eligible students must complete FAFSA between October 1, 2019 and June 30, 2021 for the 2020-2021 academic year and between October 1, 2020 and June 30, 2022 for 2021-2022 academic year. In some cases, a new MPN must be completed if there is a pending expiration date. The FSA website: www.studentaid.ed.gov gives information on (1) Types of Aid, (2) Who gets Aid, (3) Estimate your Aid, (4) Repay your Loan. To meet the requirements of Federal Title IV programs and state grants, students must comply with a set of: Qualitative, Quantitative, and Maximum Time Frame academic measurement standards. These are defined by the Financial Aid Satisfactory Academic Progress (SAP) policy available in the Financial Aid (FA) office (different from the institutional academic SAP policy).
For FA recipients, the policy includes and regulates the follows:
Qualitative Measurement: Students must maintain a minimum cumulative Grade Point Average (GPA) of 2.0 (C) as an undergraduate student and 3.0 (B) as a graduate student.
Quantitative Measurement: The number of units required for completion varies by program. A standard academic year at Lincoln University is defined as two semesters and one session. To be considered making quantitative satisfactory academic progress, all financial aid applicants and recipients must adhere to Unit Completion Rate/Pace Requirement. This means they must receive credits for at least 67% of all units attempted during a term. No credits are given for the following symbols: I, W, NC, Y, and F.
Maximum Timeframe: Financial aid is not provided to students who exceed 150% of the total number of units required for their program, including transfer units.