Financial Aid Regulations and Restrictions
Rights and Responsibilities of Financial Aid Recipients
Students seeking financial assistance are responsible for filing timely, valid applications for the programs under which they may request aid. Enrollment in non-approved programs may jeopardize eligibility for certain student financial aid awards. Additional information regarding applications and student financial aid rights and responsibilities may be obtained from the Office of Student Financial Services.
Standards of Scholarship
Satisfactory Academic Progress
According to financial aid regulations, students must make satisfactory progress toward a degree in order to remain eligible to receive financial aid. Satisfactory academic progress includes both a qualitative (grade point average) and quantitative (number of semester hours completed) measure of the student’s progress. For financial aid purposes, a student must show that a degree program will be completed in six years or fewer, given full-time attendance. This means that a student must enroll for at least 12 semester hours per semester and successfully complete a minimum number of those hours (see charts).
Student Financial Services will assess the student’s progress at the end of every semester for the New York State Tuition Assistance Program (TAP) and once a year (after spring semester) for all federal aid programs. However, while these are guidelines for "satisfactory academic progress" for financial aid purposes, meeting only the guideline will not ensure a student’s graduation from Roberts Wesleyan in four, or even six, years.
Before being certified for this payment | 1st | 2nd | 3rd | 4th | 5th | 6th | 7th | 8th | 9th | 10th |
A student must have accrued at least this many credits | 0 | 6 | 15 | 27 | 39 | 51 | 66 | 81 | 96 | 111 |
With at least this GPA | .0 | 1.5 | 1.8 | 1.8 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 |
For New York State Tuition Assistance Program recipients, requirements specify that program pursuit must be determined independently for satisfactory academic progress. Satisfactory program pursuit is defined as receiving a passing or failing grade in a certain percentage of full-time course work in each semester for which an award is received. The percentage increases from:
50 percent (6 semester hours) of the minimum full-time course work (12 semester hours) in each semester of study in the first year for which an award is received.
75 percent (9 semester hours) of the minimum full-time course work in each semester of the second year for which an award is received.
100 percent (12 semester hours) of the minimum full-time course work for each semester thereafter (see chart).
Note: Students who repeat courses for which they have already received credit will not satisfy this requirement. They must carry additional semester hours for certification for TAP and other New York State programs.
Federal Financial Aid
Federal regulations (General Provision CFR 668.34) require that students at Roberts Wesleyan University maintain Satisfactory Academic Progress to retain eligibility for federal and institutional aid consideration. Roberts Wesleyan University reviews the academic progress of all students who apply for and/or receive financial assistance. Satisfactory academic progress comprises three components. A student must:
- Complete the degree within a specified period (Maximum Time Frame)
- Earn a minimum number of credit hours each term of attempted enrollment (Pace—Quantitative Requirement)
- Achieve a grade point average that is consistent with graduation requirements (GPA - Qualitative Requirement)
These standards apply to all financial aid applicants, whether a previous aid recipient or not.
For the purpose of determining satisfactory academic progress, the time frame for completion of an undergraduate degree cannot exceed 150 percent of the published program length for a full-time student. For example, for a 124 credit hour (four year) program the maximum number of credits that may be attempted is 186. This calculation does not consider the length of time the student spends in the program; the same maximum number of attempted hours is used for all students, regardless of the student's enrollment status (part time or full time). All credit hours attempted, whether or not they are completed or passed, are counted toward the maximum number of credit hours.
Students who fail to meet satisfactory academic progress will lose their eligibility for Federal and/or NYS aid. Students may apply for a one time waiver by submitting a request to the Office of Student Financial Services with an explanation of why the student did not meet the standards. Waivers will be considered based on health issues, extraordinary personal difficulty or other special circumstances.
For more information and a comprehensive policy review; please view it on the Student Financial Services website.
Taxability of Financial Aid
Financial aid may be taxable depending on current Internal Revenue Service Laws. Different rules apply for United States residents and non-residents. The student is responsible for payment of any taxes that may be due.
Tax Credits
The IRS offers federal income tax credits (dollar-for dollar reductions in tax liability) for higher education expenses. For more information students can go to www.irs.gov or consult their tax advisor to determine if they qualify for one of these tax credits.
Return to Title IV (R2T4)
The Roberts Wesleyan University R2T4 (Return of Title IV Funds) policy ensures compliance with federal regulations for recalculating and returning financial aid if you withdraw or stop attending all classes before completing over 60% of the semester.
This process involves recalculating the amount of Title IV federal aid (like Pell Grants and Direct Loans) you've "earned" based on the percentage of the term you completed, which can affect your financial aid, tuition, and institutional charges, potentially leaving you with an account balance due. Students should always contact the Office of Student Financial Services and their advisor/program director before making any withdrawal or leave decisions to fully understand the financial impacts.
R2T4 is a mandatory federal regulation that applies to all students receiving Title IV federal financial aid (e.g., Pell Grants, Direct Loans, SEOG, and PLUS Loans) when they officially or unofficially withdraw. 60% Rule: If you withdraw or stop attending all classes before completing more than 60% of the payment period (semester/term), the university must calculate how much federal aid you've "earned." Once the 60% point of the semester is reached, the student is considered to have earned 100% of their Title IV aid, and no R2T4 calculation is required.