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35

OPTION 2

:

Many high schools and colleges will file (with a signed release) a student’s verified GPA with the

Commission in roster form. This option should be verified with each institution.

FINANCIAL AID AWARDS

Once all applications and supporting documents are received (which includes the results of the FAFSA), a financial aid

award will be offered to the student.

New Students

January applicants can expect to receive a notice instructing them where to retrieve their award by mid-March. Be aware,

the “wait period” between application and award lengthens the longer one waits to complete financial aid paperwork.

The statement of principles of good practice, established by the National Association for College Admission Counseling,

permits first year candidates for fall admission to choose, without penalty, among offers of admission and financial aid

until May 1. After May 1 students have 15 business days to respond to their financial aid offer or their financial aid is

subject to cancellation.

Continuing Students

Continuing students will be notified of their financial aid offer through an e-mail instructing them how to retrieve their

financial aid award. January applicants can expect to receive a letter by mid-March although the “wait period” between

application and award lengthens the longer one waits to complete financial aid paperwork. Students have 15 business

days to respond to the financial aid offer (either in part or in whole). Aid is subject to cancellation after 15 days if no

response is received.

Verification

Verification is the process of confirming the accuracy of information reported on the FAFSA. All students selected for

verification by the Federal Government are required for verification at The Master’s University. A student required for

verification will need to submit a Federal Verification Worksheet and complete IRS Data Retrieval or IRS transcript.

This process is required of The Master’s University by the Federal Government in order to help maintain the integrity

of the Federal Student Aid program.

Online Awards

Award letters contain confidential information and are located on TMU’s secure site. In order to keep the site secure,

students are not to share their password with anyone, including their parents.

SATISFACTORY ACADEMIC PROGRESS

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ach student must maintain a cumulative grade point average (GPA) of 2.00 or higher for each semester of attendance.

Cumulative GPA is based on institutional credit hours only.

A student must also complete 80 percent of the institutional units he/she has attempted. For example, a student who

attempts 30 credit hours for the first year must complete 24 of those credit hours. A student who has attempted 60

credit hours by the end of the second year must have completed 48 of these credit hours. A student must also

demonstrate progress toward graduation. The time-frame in which a student finishes his degree cannot exceed 150

percent of the published length of the program. For example, for an academic program with a program length of 122

units, the time-frame of completion cannot exceed 183 units. Part-time students must also complete 80 percent of their

attempted units. “F” grades, incompletes, withdrawals, and “no credit” marks affect your GPA as outlined in this

catalog.

Evaluation of Student’s Progress

GPA and unit evaluation is done at the beginning of each semester. If either of the criteria are not met at their times of

evaluation, the student will be notified of his/her failure to meet the qualifications and the student will be placed on

Financial Aid Warning.