Policies Governing Continuance of AssistanceFinancial assistance for all degree candidates is limited to 10 semesters of full-time course work. Federally funded programs define a full-time course load as 12 credit hours per semester. Assignments of financial assistance are normally reviewed at the end of each year by the Financial Aid Office. However, the financial assistance packages of those students who fail to achieve satisfactory academic progress are reviewed at the end of each semester by the faculty Committee on Academic Progress. Satisfactory academic progress must be maintained by the student according to the policy established by the Luther College faculty. Students failing to do so can have their financial assistance canceled. See the Consumer Information section of the financial aid website to review the entire Satisfactory Academic Progress Policy for Financial Aid. Scholarships, grants, and loans assigned for a specific year are payable in two equal installments, one for each semester. Employment may be terminated at any time the student fails to satisfactorily perform the work assigned. |