Except as otherwise noted in the individual program descriptions, all awards require that you be continuously enrolled for at least 12 credits per term. You must notify the Office of Financial Aid if you fail to register for the required number of credits for any term in which you are receiving aid. If you are considering withdrawing from a course, you should first contact the Office of Financial Aid to determine what effect such action may have on your financial aid.
Federal regulations require that a student receiving federal financial aid make Satisfactory Academic Progress (SAP) in accordance with standards set by the University. Students are normally expected to complete their undergraduate degree within eight terms. Loyola University Maryland is not obligated to continue institutionally funded forms of financial aid to a student who requires more than eight terms to complete degree requirements. However, federal regulations allow federal aid recipients to complete their degree program in no more than 150 percent of the published length of the program in credit hours. Students who complete at least 67 percent of attempted credits are considered to be making satisfactory progress toward completion of degree requirements if they achieve and maintain a 2.0 minimum grade point average by the end of their second year.
Students who fail to meet these quantitative and/or qualitative minimum standards will be denied financial aid. Students may regain eligibility by enrolling in the University at their own expense and resolving the deficiencies identified in the SAP review process. Students also have the option of submitting a written appeal explaining the special circumstances that contributed to their inability to make academic progress. A written academic plan may be required as part of the appeal review process.
Financial aid based on federal and institutional eligibility formulas is granted for one academic year only. The CSS Profile Application and the Free Application for Federal Student Aid (FAFSA) must be submitted each year you are applying for financial aid. Renewal awards are based on continued demonstrated financial need and satisfactory academic progress toward a degree.
Students who are suspended from the University as the result of a violation of the Student Code of Conduct or the Honor Code will forfeit eligibility for institutionally funded need-based grant assistance for additional semesters needed to complete an undergraduate degree. Academic scholarship recipients who are suspended from the University risk complete termination of the scholarship award.
Under the Federal Higher Education Opportunity Act (HEOA), students who are convicted for any offense related to any federal or state law involving the possession or sale of illegal drugs will lose eligibility for any type of Title IV, HEA grant, loan or work-study assistance.