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Financial Aid Facts For ISU Faculty
Listed below are a few financial aid facts for ISU faculty.
Satisfactory Academic Progress (SAP)
Returning students may be flagged for Satisfactory Academic Progress (SAP) each year, essentially suspending financial aid eligibility based on failure to meet academic standards. For example, students may be suspended for the following:
- Less than 1.70 GPA for freshmen; less than 2.0 for sophomores, juniors, and seniors; and less than 3.0 for graduate students
- Less than 67% completion rate (W's, drops that occur after classes start, or F's count against course completion)
- Greater than 150% attempted hours. For most bachelor's degree students, this occurs around 180 attempted credit hours.
- Visit our SAP Policy page for detailed metrics.
Students may appeal but must show progress before aid is reinstated. Meeting with an advisor is strongly encouraged to strengthen an appeal.
- Most financial aid programs require full-time enrollment (12 credits undergraduate; 9 credits graduate). Most enrollment reporting is based on registration as of the 7th day of the semester although some programs measure enrollment as of the 28th day (4th week) of the term.
- Loans only require half-time enrollment, but late withdrawals have SAP implications for future terms.
- Repeating a course more than once has implications for financial aid eligibility. For details, visit Enrollment and Its Effects on Financial Aid.
- Most types of financial aid disburse approximately 10 days before the start of classes. ISU offers two types of courses - a 16 week term, and two 8-week mini terms. If a student doesn't begin classes until the 2nd 8 weeks, financial aid will be delayed until the beginning of the second term. In addition, depending on weeks of instruction, the amount of total aid may be prorated. Students must earn aid based on attending all classes.
- Students have to actually attend their classes to be eligible to keep their aid. So, the three-week attendance report identifies "stop-outs" and causes aid to be canceled or reduced for students who are not attending.
- The "date of last attendance" that you provide at the end of the term determines the amount of aid a student keeps—and it is reported to the U.S. Department of Education. Colleges are responsible for substantiating their records in case of an audit.
- Be careful with distance classes. Simply logging into a class does not mean a student is actively attending. He or she has to "interact" according to the Federal definition.
Each college has its own financial aid liaison:
- Cheat Sheet for Academic Advisors: Click here
- Bayh College of Education: Nancy Burkett / John Sneddon
- College of Arts and Sciences: Barb Auman
- College of Graduate and Professional Studies: Zach Reel
- College of Nursing, Health, and Human Services: Nancy Burkett
- College of Technology: Barb Auman
- Scott College of Business: Zach Reel
- Student Academic Service Center: Lisa Walker
- Student Support Programs: Lisa Walker
- University College: Nancy Burkett
- Anything else: Donna Simmonds, Director