To be eligible for State or Federal assistance under Title IV of the Higher Education Act, a student must satisfy all the following criteria:
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Be enrolled as a regular student
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Have a Bachelor's Degree
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Be enrolled or accepted for enrollment in a degree at Saybrook University
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Be a U.S. citizen or eligible non-citizen
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Have a valid Social Security Number
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Have demonstrated financial need as determined through completion of the Free Application for Federal Student Aid (FAFSA) prior to being awarded need-based financial aid.
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No need must be shown to receive non-need based financial aid (Unsubsidized Stafford Loans and Federal Grad Plus Loans). However, all applicants must file a FAFSA.
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Be making satisfactory academic progress toward completion of the degree program as defined by Saybrook standards and practices**
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Not be in default on a federal student loan
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Not have borrowed in excess of the aggregate loan limits allowed for the federal loan programs unless the excess amount has been repaid or a satisfactory payment arrangement has been made
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Not be a member of any religious community, society, or order that which directs the student's course of duty or that provides students with subsistence support, except that members of such religious orders may be eligible for unsubsidized loans
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Not owe a refund on a Pell or SEOG grant at any institution attended
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Be registered for the Selective Service, if a male born after January 1, 1960
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Cannot have been convicted for the possession or sale of illegal drugs for an offense that occurred while you were receiving Federal Student Aid
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Certify that you will use Federal Student Loans/Federal Direct Stafford Loans only for educational purpose.
**Satisfactory Academic Progress (SAP) and Eligibility for Financial Aid
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It is important to maintain enrollment level of at least half-time status each semester in order to receive most forms of most financial aid, as well as to maintain loan deferment. Remember that students who are enrolled in less than half-time are not eligible to receive loan funds. Eligibility for financial aid, including any funds from federal, statue, or university aid programs are required to make measurable progress towards your degree in order to retain eligibility for federal/university aid programs.
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Please be aware that the processing of financial aid applications will be suspended and disbursements will be withheld unless a positive determination is made that the recipient is making Satisfactory Academic Progress. For information regarding SAP and the appeal process you will find information listed in the school catalog.
