There are many variables that are taken into consideration when a student's financial aid eligibility is determined. They include, but are not limited to the following:
Citizenship Status & Financial Aid Financial aid eligibility is contingent upon a student's United States citizenship status. Students who file the FAFSA will be asked to confirm their citizenship status (U.S. citizen, eligible non-citizen or neither). Students who are neither a U.S. Citizen or eligible non-citizen are not eligible for federal aid. (If selected, see Citizenship Status under Forms)
Default on a Federal Loan
Defaulting on a federal loan has serious consequences and an effect upon a student's continued financial aid eligibility. The Student Aid Report (SAR), the output document that results from the FAFSA, would indicate if a student is in default on a federal loan and which agency should be contacted to discuss the default status. Until such time as the default status is cleared, a student is ineligible for federal aid.
In adherence with HEA Section 485(k), a student who is convicted of a federal or state drug offense may have their eligibility for federal student aid suspended if convicted for an offense that occurred during a period when the student was receiving Title IV assistance. Suspension of Title IV aid begins on the date of conviction and lasts until the end of the specified period. Suspension may range from one year to indefinitely depending upon the type and number of convictions
Selective Service Registration
Satisfactory Academic Progress
Federal regulations require that all student financial aid recipients adhere to the Gatton College of Pharmacy Satisfactory Academic Progress Policy as they work toward earning a degree. The Gatton College of Pharmacy's Policy of Satisfactory Academic Progress requires students to meet both a qualitative and a quantitative standard.
The U.S. Department of Education may select a financial aid application for verification. Per federal regulations, this would require the Office of Financial Aid to obtain additional documentation which will be used to verify the accuracy of information that the student provided on the (FAFSA). (If selected, see Independent Verification under Forms)
Federal Loan Limits
Student loans are subject to lifetime aggregate limits. Defined by the U.S. Department of Education, the Doctor of Pharmacy aggregate limits are:
- Subsidized Loans: $65,000
- Unsubsidized Loans: $224,000 (including $65,000 subsidized)