Award Renewal Requirements
Federal and State Grants
Renewal requirements for each type of funding are listed below.
Federal and State Grants
Federal grants (including the Federal Pell Grant and Federal Supplemental Educational Opportunity Grand [SEOG]) require that the student (1) file the FAFSA each year and (2) maintain Satisfactory Academic Progress (SAP) as outlined in the Kaplan University Catalog. SEOG can only be awarded to Federal Pell Grant recipients. Federal grants are available for an equivalent of 6 academic years. For more information on Federal Pell Grants visit the Federal Student Aid website.
State grants will be evaluated each financial aid award year based on the applicable state policies. Renewal requirements include but are not limited to (1) a conflict-free FAFSA on file, (2) valid state of residency, (3) maintaining SAP, and (4) fund availability. Contact your state for additional details.
Federal Student Loans
Federal Student Loans (including Federal Direct Subsidized and Unsubsidized Loans and Federal Parent PLUS Loans and Graduate [PLUS] Loans) require that the student (1) file the FAFSA each federal award year and (2) maintain SAP. Federal Direct Subsidized Loans are available up until the student reaches 150% of the published length of their program, provided the student does not exceed the aggregate loan amount maximums established by the federal government. For more information on the 150% Direct Subsidized Loan Rule, visit the Federal Direct Loans Website.
Federal Work Study
Federal Work Study requires that the student (1) file the FAFSA each year and (2) maintain SAP. Federal Work Study is available as long as the student shows need based on the FAFSA results and there is availability in the program. For more information on Federal Work Study, students can visit the Federal Student Aid website. Federal Work Study is only available at Kaplan University campuses.
Award Renewal Amounts
Funds that are based on FAFSA information can be affected by changes in a family’s financial situation, number of family members in college, or household size. Also, if students fail to meet the published priority deadline for filing the FAFSA, they could lose eligibility for some or all of their FAFSA-based awards. Federal and state funds can be affected by changes in the regulations governing those awards.
Loans are subject to borrowing limits. Annual limits specify how much can be borrowed in a single school year. Aggregate (cumulative) limits specify how much can be borrowed through the loan program. Cost of attendance limits specify that the loan amount must not be greater than the school’s official cost of attendance minus other financial aid received.
Scholarships (which are not based on the FAFSA) can be affected by a student’s failure to meet SAP, not graduating within the maximum timeframe allowed by the scholarship stipulations, or not maintaining the Continued Eligibility requirements for the scholarship.
Contact the Kaplan University Financial Aid Department if you have additional questions.