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General Financial Aid Questions

  • What are the General University and State Scholarships?

  • How many hours are needed to receive the scholarships?

  • What are the hours needed to renew the scholarships?

  • What is the GPA needed to renew?

  • Can the student use AP/IB/Hours earned in HS?

  • I have a student with financial deficit problems. What does this mean?

    What are the General University and State Scholarships?

    General University Scholarships

    Palmetto Fellows

    LIFE Scholarships

    Teaching Fellows

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    How many hours are needed to receive the scholarships?

    12 per semester

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    What are the hours needed to renew the scholarships?

    General University Scholarships Not checked

    Palmetto Fellows 30 per year

    LIFE Scholarships Average of 30 per year

    Teaching Fellows 30 per year

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    What is the GPA needed to renew?

    General University Scholarships -- 3.0 USC GPA only

    Palmetto Fellows -- 3.0 USC GPA only

    LIFE Scholarships -- 3.0 LIFE GPA

    Teaching Fellows -- 2.75 USC GPA only

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    Can the student use AP/IB/Hours earned in HS?

    General University Scholarships -- Not Applicable

    Palmetto Fellows -- Do Not Count in Hours Needed to Renew

    LIFE Scholarships -- Count in Hours Needed to Renew

    Teaching Fellows -- Counts in Hours Needed to Renew in the First Year Only

    This information current as of June 8, 2006

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    I have a student with financial deficit problems. What does this mean?

    Satisfactory Academic Progress

    This is a common statement that we have heard students say and then cannot explain where it came from or why. Here is a brief explanation of this statement.

    For a student to retain any type of Federal Financial Aid there are criteria that must be met. Those criteria are as follows:

  • After you have received 60 hours whether USC or other including AP and a minimum of a 2.0 USC GPA

  • Maintain full time status which is 12 hours every semester for a total of 24 hours after two semesters, unless you have received special permission to take less than those hours due to a disability.
  • Finish your degree in no more than 12 full time semesters

    Deficit Hours –

    This is a term that we use in academics and also it is used in the financial circles. This means that a student has dropped below the full time standard of 12 hours and the government paid the money for full time. For example – a student registers for 12 hours and drops his hardest class so now he has 9 hours – he is in deficit of 3. This can be fixed by taking 15 hours in the next semester because 9 and 15 equal 24. Students can also bank hours such as taking 15 and 15 gives 30. This student has banked 6 hours that can come in handy later.

    If a student comes to you and asks about dropping a class and receiving a “W”, academically it is a sound decision not to hurt the GPA but you want to send the student over to Financial Aid. The student could loose all the federal funds that s/he is receiving which may be prevented.

    Other ways students receive deficit hours:

    I (incompletes): When the incomplete is completed, it can be fixed but the student may receive notification that his/her is in jeopardy.

    NR (no record): When the “no report” is changed, it can be fixed but the student may receive notification that his/her is in jeopardy.

    F: This one cannot be fixed other than taking an additional class the next semester.

    After it has been ruled that a student has not met Satisfactory Academic Progress, the student can appeal the decision to deny aid. In doing so, s/he may request a letter from his/her advisor. If you write one please remember that the Financial Aid does put a lot of weight on what we say about a student’s record. It is best not to use a form letter since no two students are a like so should their letters be unique.

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