Awarding Policies

Changes in Enrollment

Your Offer of Financial Assistance is based upon an assumed enrollment pattern, which is indicated on your award. If there are any changes in expected course load, please notify Student Financial Assistance. Changes in enrollment during the course of the academic year must also be communicated to our office, as this may impact your financial aid eligibility.

Eligibility

To maintain eligibility for Federal Student Aid, you must meet the following criteria:

  • Be enrolled in at least 6 credits each term, to be considered half-time*. If you drop below 6 credits, your Financial Aid will be canceled for that term.
  • Be a U.S. Citizen or eligible non-citizen
  • Be matriculated in a degree-granting program
  • Have received your high school diploma or G.E.D.
  • Be registered with the Selective Service, if required
  • Not be convicted of a drug related crime in the last year
  • Not be in default from previous student loans, and
  • Maintain Satisfactory Academic Progress

Academic Progress

To receive or continue to receive financial aid funded by the state, the federal government, or the College (including loans, grants, jobs, scholarships), you must make satisfactory academic progress, which requires that you achieve and maintain a cumulative grade point average of at least 2.0 after two academic years of college attendance, and complete a minimum number of the total credits attempted.

Federal Verification Process

Approximately one-third of all financial aid applicants are selected by either the U.S. Department of Education or Stonehill’s Office of Student Financial Services to verify the accuracy of information provided on the FAFSA. You will be notified by email if you have been selected. If you are a new student, your offer of assistance is tentative pending the completion of the verification process. If you are a returning student, you will not receive a financial aid award letter until the verification process is complete.

Should the verified financial information differ significantly from the original information provided on the FAFSA, your aid may have to be adjusted. Please be sure to respond to requests for follow-up documentation in a timely manner to avoid delays in applying your financial aid as a credit to your student account.