Student Financial Services

Financial Aid Satisfactory Progress Policy (FASAP) – General Information

Last Updated: Nov 14, 2014 10:38AM CST
The Higher Education Act of 1965, as amended by the Program Integrity Regulations passed on October 29, 2010, mandates institutions of higher education to establish a standard of satisfactory academic progress for students who receive federal financial aid.
 
Therefore, to be eligible to receive Title IV financial aid funds, including Pell Grants, Perkins Loans, Federal Supplemental Education Opportunity Grants, Federal Work-Study, and Federal Direct Loan Programs (Stafford, PLUS, and Grad PLUS), students must meet SAIC's financial aid satisfactory academic progress standards (FASAP).
 
 
SAIC will also use FASAP to determine a student's eligibility to receive SAIC need-based financial aid. Below you will find SAIC's Financial Aid Satisfactory Academic Progress plans for undergraduate students and graduate and certificate students. It is important to note that FASAP is calculated separately from academic good standing. Students are responsible for being familiar with both of these policies. Students who do are not in good standing and are placed on suspension are ineligible to receive financial aid but may, however, appeal their status as in written in the FASAP Policy.  Questions can be directed to Academic Advising or Student Financial Services as appropriate.

For more information about SAIC’s policies please visit: http://www.saic.edu/financialaid/helpfulresourcesandtools/policies/

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    Sullivan Center
    36 S. Wabash Ave., suite 1200
    Chicago IL 60603
    Phone: 312.629.6600
    Fax: 312.629.6601

    Office Hours:
    Monday–Friday (except for holidays)
    8:30 a.m.–4:30 p.m.

sfshelp@artic.edu
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