Keeping Your Financial Aid
Total Withdrawal from School
If you register and then totally withdraw from all classes,
your eligibility for aid will be recalculated based on the number
of days you attended class. If you totally withdraw from all
classes prior to the first class day, you must repay
any and all financial aid received. If you withdraw on or after
the first class day, you may have to repay a portion of any
cash financial aid received. See Return of Title IV Funds
below. If you totally withdraw, you should consult the definition
of Satisfactory Academic Progress to determine if your withdrawal
will affect your eligibility for future aid.
Return of Title IV Funds
The Higher Education Amendments of 1998 changed the formula
for calculating the amount of aid a student and school can retain
when the student totally withdraws from all classes. Students
who withdraw from all classes prior to completing 60% of the
semester will have their eligibility for aid recalculated based
on the percent of the semester completed. For example, a student
who withdraws completing only 30% of the term will have "earned"
only 30% of any Title IV aid received. The remaining 70% must
be returned by the school and/or the student. The Financial
Aid Office encourages you to read
a complete copy of this policy carefully. If you are
thinking about withdrawing from all classes PRIOR to completing
60% of the semester, you should contact the Financial Aid Office
to see how your withdrawal will affect your financial aid.
Satisfactory Academic Progress
To be eligible for financial aid at Husson College, a student
must maintain satisfactory academic progress. Satisfactory academic
progress is calculated differently by the Financial Aid Office
than it is by the Dean of the College. All students are evaluated
for academic progress on an annual basis in June for financial
aid purposes. The federal government requires that students
be evaluated both quantitatively and qualitatively. The college
utilizes the number of credits earned versus those attempted
as the quantitative evaluation and the cumulative GPA as the
qualitative. If after 4 semesters at the college, a student
falls below 1.85 cumulative GPA or they have not earned 67%
of the credits they have attempted, they will be placed on Financial
Aid Suspension and will lose their aid. The student has the
right to appeal this suspension in writing within 10 days of
notification. The appeal should state what mitigating circumstances
if any were present that caused the student's GPA to fall below
a 1.85 or kept them from earning the credits they have attempted.
Mitigating circumstances that will be considered include illness,
injury, and death in the family or other special circumstances
that the student had. This appeal should be directed to SAP
Appeals Committee, Financial Aid Office, Husson College, One
College Circle, Bangor, ME 04401. If a student's appeal is approved,
the aid will be reinstated for one semester. At the end of that
semester, their GPA will be evaluated and if not above a 1.85,
the student will be placed on Financial Aid Suspension again.
Students who have completed four semesters and whose GPA is above
a 1.85 but below a 2.0 will be placed on Financial Aid Probation.
A student remains eligible for financial aid while on probation.
After two semesters on probation, if the student's GPA is still
below a 2.0, they will be placed on Financial Aid Suspension.
Students who have completed less than four semesters and whose GPA is below a 2.0 will be placed on Financial Aid Warning. After two semesters on Financial Aid Warning, if their GPA is still below a 2.0, they will be placed on Financial Aid Probation.
