Financial Aid Policy

Satisfactory Academic Progress for Financial Aid Recipients

All Students

The academic records of all students admitted to Florida Tech for the first time will be considered sufficient to allow them to apply for financial aid. To remain eligible to receive financial aid, continuing students must meet the following satisfactory academic progress standards instituted by the university in accordance with federal law. Florida Tech applies standards equally between undergraduate and graduate students, in all academic programs.

Students enrolled on a semester-basis are assessed after each semester and may continue to receive financial aid for one additional semester after they are placed in a warning status.

Students enrolled in eight-week terms are assessed annually and may be declared ineligible for financial aid immediately (no warning status). Assessment is based only on terms during which the student is registered. Students who withdraw from the university without official notice are assessed at the end of the withdrawal term.

Students declared ineligible may appeal the decision under certain circumstances. If the appeal is approved, the student may continue to receive financial aid during probationary standing.

Minimum Academic Progress Measures

Grade point average (GPA): Undergraduate students are expected to achieve and maintain a cumulative GPA of 2.0 or higher. Graduate students are expected to achieve and maintain a cumulative GPA of 3.0 or higher. This GPA is calculated in accordance with the guidelines contained in this catalog.

Hours completed: All students are expected to satisfactorily complete 75 percent of their attempted coursework. Courses with grades of F, I, AU or W are attempted courses, but are not satisfactorily completed for the semester or term.

Maximum time limits: All students are expected to complete their degree program within 150 percent of the required credit hours. Undergraduate students are generally expected to complete their degree within 180 credit hours attempted including transfer credits earned at other institutions. Students enrolled in master’s degree programs are generally expected to complete their degree within 80 credit hours attempted; doctoral students, 120 credit hours attempted. An exception is made for doctoral students enrolled in the clinical psychology program, where 160 credit hours are allowed.

Appeals

Appeals to financial aid decisions may be made under certain circumstances. These circumstances may include sudden, severe, illness; serious automobile or other accident; family tragedy or loss of a loved one; or another circumstance not listed here. It is the student’s responsibility to provide details with dates, forms or other paperwork, or any other information requested by the Office of Financial Aid in order to review the appeal.

Once the appeal is reviewed, the student is informed of the decision through their Florida Tech email account. Any approved appeal will necessitate the student adhering to a prescribed program plan during the probationary period. A student who declines to accept the prescribed academic plan and is in good academic standing may continue without financial aid.

Students are assessed at the end of each term while in probationary standing and are removed from probationary standing when the minimum academic progress standards for financial aid recipients listed above are met.