Satisfactory Academic Progress
Although state and federal policy has established many objectives for student financial aid programs, one clear purpose is to fund only students who meet certain academic standards. Institutions are, therefore, required by law to formulate standards to gauge the progress of students receiving federal and state financial aid by applying both qualitative and quantitative measurements to academic work as well as a maximum time limit for the completion of a degree.
The complete details of Satisfactory Academic Progress is available here. Most private and institutional scholarships have specific academic and enrollment standards required for renewal or continuance of the award, if renewal is allowed. Financial aid renewal policies are provided on the Office of Financial Aid section of the University website.