These loans are for students from needy families as indicated on the Free Application for Federal Student Aid. The maximum annual amounts of these loans are based upon the classification of the student. These loans are usually made to independent students or to students whose family income is too great for the student to qualify for a subsidized loan. The Free Application for Federal Student Aid must be processed by May 15 for the student to be eligible during the following academic year. In order to maintain eligibility for Title IV financial aid programs a student must make satisfactory academic progress.
Satisfactory progress is measured at the end of each year as specified in the chart.
It is also required that a student pass at least 75 percent of all courses attempted during the academic year. A student in this category may receive financial aid for the next academic year, but must meet the minimum grade requirement and attain the number of credit hours for that year as defined in the listed credit completion chart. The Financial Aid Committee will review the decision and determine whether the suspension from aid was justified. The Committee will notify the student, in writing, of the decision. Several memorial and honorary scholarships are given by relatives and friends.