Satisfactory Academic Progress for Financial Aid
Financial aid policies and regulations dictate that a student demonstrate Satisfactory Academic Progress in order to continue to receive financial aid. A PTS Award Letter means that a student is financially eligible; the Financial Aid Office is required to determine if the student is also academically eligible when the grades are posted. If a student is NOT academically eligible, no financial aid will be awarded.
The standards and procedures described in this section apply to the following types of aid:
- PTS Merit Scholarships
- PTS Tuition Grants
- PTS Housing Grants
- PTS Work Support Funds
- Federal Direct Loans
- Federal Graduate Plus Loans
- Some private student loans
Financial aid eligibility is assessed after the completion of Term III. This review concentrates on the grades and credits earned at the end of the academic year which includes Term I, Term II, and Term III. The evaluation determines a student’s eligibility for the following academic year.
If a student applies for federal loans during the school year, he/she must be in good academic standing at that time and the evaluation will include terms in the same academic year. For example, Term I grades and credits will be included in the evaluation for a student who applies for a Federal Direct Loan for Term II only. The number of credits will be adjusted accordingly.
Students who apply for financial aid will receive a letter from the Financial Aid Office at the end of the academic year which advises them if they have not achieved Satisfactory Academic Progress.
Please note that there are differences in the academic standards for institutional aid versus federal student aid.
|Minimum PTS GPA||Number of Completed Credits|
|PTS Merit Scholarships||3.5||36 credits must be completed|
|PTS Institutional Grants and Work Support Funding||2.5||18 credits must be completed|
|Federal Loan||2.0||Full-time students must complete 27 credits per year|
Half-time students must complete 18 credits per year
Less than half-time students must complete all of the credits that were attempted
Academic Eligibility Requirements
The Seminary and the Federal Government has outlined academic eligibility requirements for merit scholarships, institutional need-based aid, and federal loans. Please click the links below to review these requirements.
Financial Aid Appeal Form for Title IV Funds
If a student has not maintained the academic standards for financial aid, he/she may file an appeal with the Financial Aid Committee for reinstatement of Title IV Federal Student Aid. This appeal will not reinstate PTS funding.
The appeal will only be considered for “mitigating circumstances” per federal regulation; e.g. death of a relative, serious injury or illness in which a student required an extended recovery period, other special circumstances. Under such circumstances, the student should submit a completed Appeal Form and attach the required supporting documentation. Be specific and the site what measures will ensure future academic success.
Forward all appeals to the Director of Financial Aid. Appeals will be evaluated by the Financial Aid Committee or the Dean of Faculty.