A student who does not meet satisfactory academic progress standards is placed on Financial Aid Warning for one semester, during which time the student is eligible to receive financial aid funds. If the student meets the standards at the end of the warning semester, the student is removed from Financial Aid Warning status and maintains financial aid eligibility. If the student does not meet the standards at the end of the warning period, the student is placed on Financial Aid Ineligibility/Financial Aid Suspension.
A student on Financial Aid Ineligibility Status is not eligible for any form of Federal or Seminary financial assistance. The student remains ineligible until satisfactory academic progress standards in Pentecostal Theological Seminary courses are met, or he or she may appeal for financial aid reinstatement. Some outside alternative loans are available for students working to regain academic progress.
Students placed on Financial Aid Ineligibility status can appeal to the Financial Aid Committee for financial aid reinstatement. The appeal must be submitted in writing to the Financial Aid Office and be accompanied by appropriate supporting documentation.
Acceptable reasons for appeal are: (1) serious illness or accident on the part of the student; (2) death, accident or serious illness in the immediate family; (3) financial difficulties forcing incomplete and premature withdrawal; (4) other extenuating circumstances directly affecting academic performance.
If financial aid is reinstated, the student is placed on Financial Aid Probation for one semester. After the Financial Aid probationary term, the student must be making Satisfactory Academic Progress or must be successfully following an academic plan. The student must meet with the Vice President for Academics to request an academic plan. Failure to meet the academic plan or academic progress standards will result again in the student being placed on Financial Aid Ineligibility. The student remains ineligible for financial aid until satisfactory academic progress standards in Pentecostal Theological Seminary courses are met or a successful financial aid appeal is approved. If the appeal is not approved, the student has no additional recourse for Pentecostal Theological Seminary financial aid until he or she regains academic progress.
Students may be eligible to enroll in courses without financial aid assistance (Federal, Seminary or state aid) as long as they are not on Academic Suspension or if they have approval from the Office of the Vice President for Academics.