Types of Financial Aid
Managing Financial Aid
- Student Consumer Information
- Emergency Loans
- Award Letter Disclosures
- Who is Eligible
- Rights and Responsibilities
- Cost of Attendance
- Terms and Conditions
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Satisfactory Academic Progress (SAP)
Financial Aid Satisfactory Academic Progress Policy
The SPC Financial Aid SAP is separate and stricter than SPC Admissions and Records Academic SAP requirements. The Financial Aid Transcript located in Campus Connect includes the calculations from this policy.
Requirements of SAP
In order to receive financial aid, you must meet all three of the following criteria:
- Earn and maintain a cumulative grade pint average of a 2.0 or above.
- Maintain a pace of at least 67% (cumulative number of credit hours earned divided by the cumulative credit hours attempted as calculated on the Financial Aid Transcript).
- Graduate with no more than 150% of the credit hours required for your declared major. This limit includes all college level course(s) a student attempts, even if the student uses their own resources.
SAP is calculated at the conclusion of each semester.
Financial Aid WARNING
The first time you fail to meet the SAP criteria you will be placed on Financial Aid WARNING. During the WARNING period, you will continue to qualify for financial aid for one semester. In order to be removed from the WARNING status, you must meet all three of the SAP criteria.
Financial Aid SUSPENSION
If you fail to meet the SAP criteria while on Financial Aid WARNING, you will be placed on Financial Aid SUSPENSION. While on SUSPENSION, you will not be eligible for work study, grants, or loans from the Financial Aid Department. You may still enroll in classes for the next semester, but you must pay all expenses. In order to be removed from the SUSPENSION status, you must meet all three of the SAP criteria.
Notification of status SPC will notify students of their financial aid status in the following ways:
- On Campus Connect
- Via emails sent to the student's SPC email account
Financial Aid Appeals
Appeal forms are located on the Financial Aid section of the SPC website or may be picked up at any SPC Financial Aid office. The appeal packet must be completed before submission. Incomplete packets will not be considered. The decision of the appeal committee is final. Only one appeal will be reviewed in any given semester. The deadline to turn in an appeal is two months after the first class day of the semester for which you are appealing (15 days after the first class day for summer semesters).
For the Financial Aid Appeal form CLICK HERE
Repetitions, Remedial Courses, Withdrawals, and Incompletes
- Only the latest grade fro a repeated course is calculated in the cumulative GPA.
- All repeated coursework will be counted in the pace and against the 150% credit hour limit.
- If you are otherwise eligible, you may receive financial aid for a maximum of 30 attempted credit hours in remedial course work. Once the 30-credit-hour maximum is reached, additional remedial credit hours will not be used to calculate the award amount.
- Remedial hours are not included in the calculation of the 150% credit hour limit, the completion rate, or in the cumulative GPA calculation.
- Grades of W, X, F, and I will be counted as hours attempted but will not be counted as hours successfully earned.
Course credit from another institution that is accepted and officially transcribed as transfer credit by SPC will count toward the 150% maximum calculated hours as well as the pace. Grades from other schools are not considered in SPC's financial aid SAP policy.
December 11, 2013