Federal regulations require that students receiving financial assistance must maintain satisfactory academic progress toward completion of a degree. A student must maintain satisfactory academic progress as defined by the standards of progress policy. Satisfactory progress is not to be confused with “good standing”. A student can meet the Jefferson State Community College requirements of “good standing” and be allowed to enroll but not meet the minimum standards to receive financial aid while enrolled. All students will be monitored for compliance with Federal Requirements for Satisfactory Academic Progress at the end of each term, whether or not the student received financial aid during those periods. At that time, a student will be in good standing or denied financial aid assistance for the following term. Students will be notified by the Office of Financial Aid if they are denied financial aid.
Jefferson State Community College will measure a student’s performance for satisfactory academic progress in three areas: completion rate, cumulative grade point average, and maximum time frame. The student must meet all three requirements, completion rate, cumulative grade point average, and maximum time frame, to remain eligible for financial aid. The Standards of Satisfactory Academic Progress apply for all Title IV financial assistance programs including Federal Pell Grant, Federal Work-Study (FWS), Federal Supplemental Education Opportunity Grant (FSEOG), Federal Direct Loan Program, as well as assistance from the state.
In addition, financial aid recipients must report to the Financial Aid Office when they withdraw from a course or withdraw from the college. Complete withdrawal from school before 60% of the term is completed may result in the student having to repay a percentage of the aid they have received. The formulas used to calculate the refunds and repayments may be obtained from the Financial Aid Office.