What is financial aid warning/suspension/probation?
Financial Aid Warning / Probation / Suspension
At the end of each term, after grades have been posted, the Financial Aid Team calculates your Satisfactory Academic Progress (SAP). You can find your status in myLane in the "myFinances" section, and you will be mailed a letter (so be sure to keep your address updated in myLane!). If you achieve a cumulative 2.0 GPA and a cumulative 67% completion of all attempted credits at Lane, you will be in "Good" standing. You must achieve both standards!
What is Warning? Warning status means that either your cumulative completion of attempted credits wasn't at least 67% or your cumulative GPA wasn't at least 2.0.
It is possible to have a high GPA but have low completion of credits
It is also possible to have high completion of credits, but a low GPA
Either of these would put you on a "Warning" the first time it happens
What is Financial Aid Suspension? If you were already on a "Warning" or "Probation" and your cumulative GPA or completion remain below the standard the next term, your financial aid is "suspended"--meaning you cannot be paid any aid, including loans. Since financial aid SAP is cumulative, it is possible to get suspended even if you have a good term after a "warning", if the overall totals haven't gone up enough.
What is Probation? Probation is assigned if you have appealed to reinstate your financial aid and you were approved. Since your standing is based on cumulative/overall GPA and completion, it is possible that even if your probation term is good, your cumulatives may still not meet SAP standards. You are required to complete ALL attempted credits at a 2.0 GPA while on Probation. This is checked by the Financial Aid team at the end of each term. Here is a SAP calculator that allows you to predict how many terms you will remain on Probation.
How do I remove my Warning / Probation / Financial Aid Suspension status?
Warning / Probation: You must earn at least a 2.00 GPA and complete all of your credits the following term, AND your cumulative scores must also meet these criteria.
Financial Aid Suspension: File a "Satisfactory Academic Progress Appeal" form to the Financial Aid office. Financial aid suspension will not go away until it has been resolved with this form, granted your appeal is accepted.
I filed an appeal, how do I check the status?
To check your financial aid SAP status at any time log into myLane and select the "myFinances" tab then select "Financial Aid Status" in the "Financial Aid Requirements" window.
What does "Appeal Pending" status mean? This means you have filed an appeal, and it has been reviewed, but the Financial Aid Team still needs more information or documentation of your reason. A letter is mailed to you to let you know what is needed. You may also find a message on the "myFinances" tab under "Overall Financial Aid Status and Active Messages". This status won't change unless you submit what is requested.