Maintain Your Financial Aid By Being a Dedicated Student
You wake up one morning feeling no desire to get out of bed. Even though you’re not sick and you know that you have class in an hour you still just want to lie there and think it won’t hurt to miss today. While this might be true in a few unusual cases the reality is that missing class can hurt you economically in the long run if you aren’t careful. The fact is that in terms of receiving Financial Aid for education, there are two conditions that must be met and maintained by students if they want to continue receiving such assistance.
One criterion for receiving Financial Aid is a student’s completion rate. Most do not realize how financially devastating it can be to them if they make a habit out of skipping classes. Yes, if you do not complete a certain amount of your class time you will be cut off from and not qualify again for a very long time for federal financial funding.
The government will require you to maintain a 65% completion rate to continue loaning funds to you. Many uninformed students just “blow off” their classes and get a shock later when college officials inform them that they have lost their Federal Aid and now must apply for a private loan in order to continue their studies. This unfortunate situation can last for one or in many cases several semesters. Remember, the completion rate average has to be recalculated and must reach 65% and stay there for you to qualify for government assistance.
Another aspect of the completion rate is the fact that the school must, because of government regulations, drop a student if a certain amount of classes are not attended. Some students do not understand that a chain reaction can be started with the end result being the loss government funding. While such an unfortunate situation is not impossible to recover from, if you find yourself in such a condition it can be difficult and at best very distracting when what you should be concentrating on most of all is your studies and keeping up good grades.
This brings us to another very important factor in receiving and maintaining federal financial aid, that is, keeping a good grade point average. Many students are concerned about their GPA, however, they are not always aware of the negative impact it can have on their financial assistance if their grades drop. Failing to maintain their grades at acceptable levels has often caused many students to go into shock and shed tears when they realize that they must either get a private loan or leave school before graduation.
So the next time you feel tempted too miss class for any reason, please remember that you could be in danger of negatively impacting you education in general and especially putting yourself at risk of losing some of the free money that could be potentially available to help you reach your educational goals.
If you have an unavoidable situation that makes it necessary to miss some classes, immediately get in touch with the proper department at your school so they can attempt to keep you in good standing with your funding sources. Remember it is to both yours and your college’s mutual benefit to keep you in school.
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