It is important for students to be aware of their rights and responsibilities related to financial aid at SRU. Students should also be familiar with the Satisfactory Academic Progress requirements for receiving financial aid. This information is provided below. Students are encouraged to contact the financial aid staff with any questions about the information on this page. The Higher Education Act of 1965, as amended by Congress, mandates institutions of higher education to establish minimum standards of "satisfactory progress" for students receiving federal financial aid. These standards apply to all Federal Title IV aid programs including the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal TEACH Grant, Federal Perkins Loan, Federal Stafford Loans, Federal PLUS Loans and Federal Work-Study.
This SAP policy outlines the minimum requirements for students to meet academic progress for federal financial aid purposes, regardless of whether the student had previously received Title IV financial aid.
State Grant Academic Progress: Academic progress requirements for state grant programs can vary from the federal academic progress policy. Academic progress requirements for the Pennsylvania State Grant are communicated directly to recipients with their state grant notification by PHEAA (Pennsylvania Higher Education Assistance Agency). For example, a full time state grant recipient must still successfully complete 24 new credits each year (no change to this policy).
Rights and Responsibilities
The student has the right to:
- Be considered for financial aid assistance;
- Be notified of the financial aid decision;
- If not awarded financial assistance, to be informed as to the reason for denial;
- Appeal financial aid decisions to the Associate Provost for Enrollment Services;
- Be informed of the financial aid programs available and the required application materials.
The student is responsible for:
- Submitting the appropriate application forms within published deadline dates;
- Using all refunds of financial aid funds for expenses related to their education;
- Following the requirements and repayment schedules of educational loan programs;
- Informing the Financial Aid Office of all grants, scholarships, or other funds received for their educational costs from outside organizations.