Tuesday, May 31, 2011

Is there a limit to how many semesters federal financial aid will fund for?

Just curious for people on the 6 year plan and so forth or for people who change majors and it extends their graduation by a year. Do they stop funding after a student gets to a certain amount of credits?Is there a limit to how many semesters federal financial aid will fund for?
Yes, you have to meet your college's satisfactory academic progress requirements. Usually people get in trouble with this because they have too low of a GPA or complete too few of their classes. But it also sets a limit on the number of total credit hours you can get and still receive federal aid.



There may be separate limits for state grants, I know there is in Illinois.

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