associate degree program - Instituto de Banca y Comercio

When a student does not meet any of the indicated standards within a specific term, the student will beplaced on:Notice of Possible Loss of Financial Aid (only for 36,gpa 38.5 or 54 credit programs)Students who receive federal financial aid are placed on notice of suspension from financial aid whenthey fail to meet the qualitative (GPA) or quantitative (percentage of completed courses) requirements ofthe satisfactory academic progress policy. (IBSAP Warning Status)Financial Aid Warning – Status that identifies non-compliance with the SAP, but does not changethe student’s eligibility.Students will be allowed to continue receiving financial aid during the warning period; however, theymust overcome their academic deficiencies at the end of this period in order to return to a satisfactoryacademic progress.If they again fail to meet the quantitative and/or qualitative requirements at the end of the warning period,they will need to qualify for another final and probationary term (see what follows) before finalizing thesubsequent term or they will have their financial aid suspended. (See Financial Aid Suspensions).Probationary PeriodFor 36, 38.5 or 54 credit programs, students who, at the end of the warning period, do not meet theminimum requirements of the satisfactory academic progress policy; or who, in associate programs do notmeet, the established minimum requirements for the first time, will be placed on probation for anadditional academic term if they request a reconsideration of the suspension of financial aid and, as aresult, are reinstated as eligible to receive financial aid. (IBSAP Probation)Financial Aid Probation – Status that identifies non-compliance with the SAP and has gone throughthe appeals process.These students will be allowed to continue receiving financial aid during the probationary period.Students who are suspended for surpassing the maximum time to complete their program will not beeligible for a probationary period.Suspension of the Financial AidStudents who do not meet the minimum requirements established by the satisfactory academic progresspolicy during the probationary period will have their financial aid suspended. Students with suspendedfinancial aid will not receive any type of federal aid to pay their tuition costs (grants, student loans, workand study, etc.) (IBSAP Suspension)Eligibility to receive aid may be reestablished if the student, as a private student, repeats the deficient orfailed courses and meets all the standards of satisfactory academic progress. Students who have beensuspended from receiving financial aid and are later reinstated will not be eligible to receive financial aidretroactively.Procedure for Requesting ReconsiderationStudents who cease to be eligible to receive financial aid for failing to meet the minimum standards of[54]