Financial Aid Payment Periods and Enrollment Policy
Students seeking federal financial aid must be registered for all courses in their payment period prior to disbursement of funds for the payment period. The payment period is the length of time it takes a student to complete both half the number of semester hours and half the number of weeks of instruction in the academic year. If a student does not successfully complete a course or if there is a break in enrollment, the payment period will need to be extended because half the semester hours in the academic year have not been satisfied. The second payment period is complete once the student has successfully completed the second half of the academic year’s weeks and semester hours. Students are not eligible to enter a new academic year until they have successfully completed a full academic year.
Academic Year
Please refer to the SAP policy for specific Academic Year definitions.
Each academic year has two payment periods. Students are expected to enroll and successfully complete half the weeks of instructional time and credit hours within each payment period to maintain their scheduled award. Students are also expected to remain enrolled in consecutive sessions (for students receiving Direct Loans). Any non-passing grade or breaks in enrollment may result in the loss of federal financial aid eligibility, delay in subsequent disbursements, or a return of title IV funds.