| TENTATIVE PACKAGE EXAMPLE | |
|---|---|
| Cost of Attendance* | $53,294 |
| Expected Family Contribution | - $1,000 |
| NEED | $52,294 |
| AID PACKAGE | |
|---|---|
| Pell | $6,445 |
| Federal Direct Subsidized loan | $3,500 |
| Federal Direct Unsubsidized loan | + $6,000 |
| TOTAL AID PACKAGE | $15,945 |
| UNMET NEED) | ($36,349) |
- *This is one example of tuition/fees, books/supplies, room/board, transportation/expenses, and personal/miscellaneous expenses. All figures with the exception of tuition/fees and books/supplies costs are obtained from the California Student Aid Commission's Student Expenses and Resources Survey.
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 minimum 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.
Students are responsible for reapplying for financial 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.
Students meeting all program requirements will be considered to be eligible aid recipients
Satisfactory Academic Progress (SAP) Requirements
Students receiving federal financial aid must maintain satisfactory academic progress (SAP) in accordance 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 two areas:
- GPA
- Pace
- 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 program must maintain a minimum Grade Point Average of 3.0 on a 4.0 scale.
- 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.
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 compliance with SAP standards, the student must meet both components of SAP at the point of monitoring, meaning the student must: 1) Have successfully completed at least 67% of the units they have attempted and 2) Have a cumulative GPA of at least 2.0, (3.0 for Master's). A student who is not meeting both standards is subject to SAP disciplinary action.
- * Exception for students enrolled in the Master's program. A student's financial aid SAP will be monitored at the completion of two quarters of attendance.
- * Exception for students enrolled in a 3 quarter Professional Designation, Advanced AA, or Bachelor Program. The SAP for students in a program of study of three quarters or less will be monitored on a quarterly basis. If a student in one of these programs fails to meet SAP standards, they will be placed on "Financial Aid Warning" status. A student in "Warning" status may receive financial aid for one additional quarter. If the student fails to meet SAP standards in that additional quarter, they are subject to SAP disciplinary actions as described in the next section.
SATISFACTORY ACADEMIC PROGRESS (SAP) DISCIPLINARY ACTIONS
A student who has not met all financial aid standards and who wants to retain financial aid eligibility must appeal their SAP determination. If the student does not appeal, the student will lose their financial aid eligibility in the quarter immediately following the period of monitoring. For example, if the student is determined to have not met SAP standards at the