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DETERMINING AID ELIGIBILITY

FIDM uses Federal Methodology to assess financial need (i.e., cost of attendance minus the federally calculated expected family contribution).

Satisfactory Academic Progress (SAP) Requirements

$58,062 - $999

NEED $57,063

Pell $5,395

TENTATIVE PACKAGE EXAMPLE AID PACKAGE

Federal Direct Subsidized loan $3,500

Federal Direct Unsubsidized loan

+ $6,000

Students receiving federal financial aid must main-tain satisfactory academic progress (SAP) in accor-dance with FIDM’s SAP policy. A student who does not meet SAP standards is subject to loss of financial aid. The standards for financial aid SAP are stricter than those for students who do not receive financial aid.

FINANCIAL AID SAP STANDARDS

SAP is monitored periodically during the program of study. At each monitoring period, the student must meet SAP standards in three areas:

*This is one example of tuition/fees, books/supplies, room/board, transportation/expenses, and per-sonal/miscellaneous expenses. All figures with the exception of tuition/fees and books/supplies costs are obtained from the California Student Aid Com-mission’s Student Expenses and Resources Survey.

GPA: A student in an undergraduate program must maintain a minimum cumulative Grade Point Average of 2.0 on a 4.0 scale. A student in the Master’s pro-gram must maintain a minimum Grade Point Average of 3.0 on a 4.0 scale.

CRITERIA FOR CONTINUED ELIGIBILITY

Students must be enrolled and be making satisfactory progress in order to receive aid funds. Registration will be checked before aid funds are disbursed. Full time enrollment at FIDM is considered to be a mini-mum of 12 units per quarter. Federal Pell and

Cal Grant awards will be prorated for a student who initially registers full time and subsequently drops below full time enrollment. To maintain eligibility for Federal Student Loans, students must maintain at least half-time attendance. Please contact the Student Financial Services Department for specifics.

Unit completion: A student must successfully com-plete a minimum number of units at each monitoring point. See the chart on the next page for examples of unit completion standards for some programs.

Students are responsible for reapplying for finan-cial assistance on a timely basis. The federal financial aid award year begins each July 1st. Aid applications are made available to students beginning in October for the following financial aid award year.

Students returning from a Leave of Absence must contact their Student Advisor prior to their return to determine if they need to reapply for aid.

Pace: A student must successfully complete a minimum of 67% of the units attempted on a cumulative basis. For financial aid SAP purposes, “units attempted” are defined as units for classes for which the student has a grade at the completion of a quarter, with the exception of the classes Writing Skills and Financial Skills Workshop. Units for classes dropped prior to the deadline to drop in a quarter are not considered attempted, but units for a class with a grade of “W” are considered as units attempted. “Successfully completed” units are units for classes with grades of “A”, “B”, “C”, “D” or “P”. Units considered to be not successfully completed are units for classes with grades of “F” or “W”. Units for classes with a grade of “I” can be either successful or not, depending on the eventual resolution of the incomplete.

Students meeting all program requirements will be considered to be eligible aid recipients.

MONITORING PERIOD

Except as noted*, a student’s financial aid SAP will be monitored at the completion of three quarters of attendance (once per academic year). To be in com-pliance with SAP standards, the student must meet all three components of SAP at the point of moni-toring, meaning the student must: 1) Have success-fully completed at least 67% of the units they have attempted, 2) Have a cumulative GPA of at least 2.0, (3.0 for Master’s) and 3) Have successfully completed the minimum number of units during the monitoring period. A student who is not meeting all of these standards is subject to SAP disciplinary action.