Course Load Requirements: All aid awarded is subject to verification of enrollment status. Changes in registration status may result in an adjustment or cancellation of financial aid awards. All undergraduate students must be enrolled full time in order to receive Assumption scholarships or grants. To qualify for certain federal assistance, students must be registered for six credits or more. Recipients of state scholarships must be full time students, registered for twelve credits or more.
How Aid is Credited: All aid is credited first towards billed charges, regardless of its source of origination (except work-study). Aid is credited on half for each semester.
Validation/Verification: All aid is subject to review, adjustment, or cancellation after receipt of supporting documentation and tax returns.
Each aid recipient is responsible for informing the Office of Financial Aid in writing of:
- Changes in anticipated credit load
- Changes in housing status
- Changes in family financial circumstance as reported on the FAFSA
- Receipt of outside aid/scholarships
Address Changes: Each aid recipient is responsible for informing the Registrar's Office in writing of any changes of address.
Eligibility Criteria: Assumptions are made that recipients will meet all tests of eligibility established by the federal government and Assumption College. If at any time the student ceases to be eligible, awards will be canceled. Our assumption is that each student meets all of the following criteria: is accepted to and enrolled /will enroll in a program of study at Assumption College, is a citizen or eligible non-citizen, maintains a full time registration status (with the exception of several federal and state programs), is maintaining Satisfactory Academic Progress as defined by the college, is free from default on any previous student loan or refund obligation, is eligible in terms of computed need, and is in compliance with draft registration requirements.
Return of Title IV Funds (Federal and some state financial aid): Title IV fund rules assume that a student earns his or her aid based on the period of time he or she remained enrolled for the term. Unearned aid, other than work-study, must be returned to the U.S. Department of Education up until the 60% point in the term. At the 60% point in the term, the student is considered to have earned all of his or her aid.
Return of Institutional Financial Aid: Students are allowed to retain institutional (Assumption grants and scholarships, including academic scholarships) financial aid at the same rate that the credit to tuition (refund) policy is calculated. (This policy is subject to change at the discretion of
the College).
Renewing Your Financial Aid
It is expected that your financial aid will remain approximately the same as long as: your family’s financial situation does not change, the number of siblings in college does not decrease, and/or the number of family members in your household does not decrease. Financial aid is granted for one academic year only. Aid for subsequent years is offered only if all renewal application materials are filed by respective deadlines.
Students are limited to eight semesters of institutional (Assumption) financial aid, unless otherwise approved by the Director. Appeals should be addressed to the Director of Financial Aid.
Merit Scholarship Renewal Requirements
Aquinas Scholarship - Students must maintain the basic progress towards his/her degree maintaining a cumulative 3.0 GPA.
Assumption College Scholarship - Students must maintain the basic progress towards his/her degree.
D’Alzon Scholarship - Students must maintain the basic progress towards his/her degree as maintaining a cumulative 3.0 GPA.
Desautels Scholarship - Students must maintain the basic progress towards his/her degree maintaining a cumulative 2.7 GPA.
DuFault Scholarship - Students must maintain the basic progress towards his/her degree maintaining a cumulative 2.7 GPA.
Lyceum Scholarship - Students must maintain the basic progress towards his/her degree maintaining a cumulative 2.7 GPA.
Milleret Scholarship - Students must maintain the basic progress towards his/her degree maintaining a cumulative 2.7 GPA.
Pesse Scholarship - Students must maintain the basic progress towards his/her degree maintaining a cumulative 2.7 GPA.
Presidential Scholarship - Students must maintain the basic progress towards his/her degree maintaining a cumulative 3.3 GPA.
Satisfactory Academic Progress: Students receiving financial aid of any type (including parent loans) are expected to remain in good academic standing and are required to make “satisfactory academic progress” toward their degree. Satisfactory academic progress is defined by regulations of the U.S. Department of Education as “proceeding in a positive manner toward fulfilling degree requirements.” This is differentiated from “Academic Standing”, which refers to students whom the institution allows to continue to enroll. Full-time bachelor’s degree candidates must be making satisfactory progress according to the schedule below. Evaluation of satisfactory academic progress is made at the end of each spring term. Students are typically allowed one semester of “financial aid probation” while here at Assumption College. If the student fails to regain good standing at the end of that semester, aid will be reduced or discontinued. In special circumstances a second semester of probation may be allowed. An appeal must be submitted to the Director of Financial Aid.
Progress Toward the Degree:
Number of Full Time Semesters
|
Minimum Credits Earned
|
2
|
24
|
4
|
54
|
6
|
84
|
8
|
114
|
Grade Point Average:
Credits Earned
|
Minimum GPA
|
1-15
|
1.5
|
16-30
|
1.6 |
31-45
|
1.7
|
46-60
|
1.8
|
61-75
|
2.0
|
76-120
|
2.0
|