Federal regulations require the Financial Aid Office to establish and apply reasonable standards of satisfactory progress for the purpose of the receipt of financial assistance under the programs authorized by Title IV of the Higher Education Act. The law requires institutions to develop policies regarding satisfactory academic progress (SAP). Specific requirements for academic progress for financial aid recipients are applied differently than college Academic Standards, Warning, Probation, and Suspension.
Students are considered to be making financial aid satisfactory academic progress if they:
- are admitted and enrolled as a degree-seeking student
- meet the University standards for continued enrollment
- maintain a cumulative USC GPA of 2.0
- earn (pass) 67% of all hours attempted at USC including hours accepted for transfer by USC
- complete requirements for a degree within a reasonable length of time. The maximum time limit for a student to receive financial aid is 150% of the published program length.
Students are evaluated for FASAP on the basis of three criteria:
- grade point average (GPA)
- credit hour completion rate (CHCR)
- maximum time frame limitation (MAXHRS)