If you are at a community college or private career college, you must pass each year. Each year you must send in a photocopy of whatever document shows that you have completed your school year. If the student does not maintain a satisfactory scholastic standard, the consequences and results illustrated in the following table will apply.
Student remains eligible to be considered for loans in the next period of study.
Student must succeed in all following periods of study to maintain continuous eligibility for loans. Student loses eligibility for loans for 12 months. Student must maintain student loans in good standing during a 12-month period. Student loses eligibility for loans for a minimum of 36 months. Must maintain loans in good standing during 36-month period.