STUDENT FINANCIAL AID
Aida Claro, M.S., Director
Web Page: http://www.barry.edu/finaid
Financial assistance is offered to eligible students to help defray the cost of their educational expenses. Award amounts vary and are determined by certain factors, such as financial need, academic achievement, and the amount of funds available for distribution.
The financial aid package is typically a combination of federal, state and institutional grants and scholarships, as well as loans and employment. In order to maximize financial aid eligibility, students are urged to complete the Free Application for Federal Student Aid (FAFSA) as early as possible. Florida residents may qualify for the Florida Resident Access Grant. This grant is given to undergraduate students based on legal residency in the State of Florida, among other criteria. It is not a need-based grant. More information on student financial aid programs can be obtained through the Office of Financial Aid.
Students should be aware of the following financial aid requirements:
Standards Of Academic Progress (SAP)
Academic progress is reviewed by the Financial Aid Office at the end of each semester. The first instance in which a student does not meet the federal standards of academic progress, a warning is sent and the student is given one semester to meet minimum SAP requirements. If after the next semester attended minimum SAP requirements are not met, financial aid is cancelled for future semesters. There is an appeal process.
Minimum federal definition of academic progress
Undergraduate: Cumulative GPA must be at least 2.0
Graduate and Doctoral: Cumulative GPA must be at least 3.0
Students must successfully complete at least 67% of credits attempted each semester
Undergraduate: Cannot exceed 150% of the published academic program length.
Example: A Bachelor’s degree typically consists of 120 credits. 120 X 150% = 180 credits. Once a student reaches 180 completed credits, they are no longer eligible for federal aid for that degree.
Graduate: Must complete program within seven years.
Federal financial aid is available only for credits that count toward meeting degree requirements. Courses that are not required for completion of the degree program are not counted as enrolled credits for financial aid purposes, and federal aid will be prorated accordingly.
Drug Convictions And Ineligibility For Federal Financial Aid
Students convicted of possessing or selling illegal drugs (not including alcohol and tobacco) during a period of higher education enrollment for which they received federal student aid (grants, loans, and/or work-study) will lose eligibility for federal student aid. (Excluding convictions that have been removed from their record and convictions that occurred before the student turned 18, unless they were tried as an adult.)
The chart below illustrates the period of ineligibility for federal student aid funds, depending on whether the conviction was for sale or possession, and whether the student had previous offenses. (A conviction for sale of drugs includes convictions for conspiring to sell drugs.)
|Possession of Illegal drugs.||Sale of illegal drugs|
|1st Offense||1 year from date of conviction||2 years from date of conviction|
|2nd Offense||2 years from date of conviction||Indefinite Period|
|3+ Offense||Indefinite Period||Indefinite Period|
If a student was convicted of both possessing and selling illegal drugs, and the periods of ineligibility are different, the student will be ineligible for the longer period.
A student regains eligibility the day after the period of ineligibility ends, or when he successfully completes a qualified drug rehabilitation program. Further drug convictions will make him ineligible again.
Students denied eligibility for an indefinite period can regain it only after successfully completing a rehabilitation program as described below or if a conviction is reversed, set aside, or removed from the student’s record so that fewer than two convictions for sale or three convictions for possession remain on the record. In such cases, the nature and dates of the remaining convictions will determine when the student regains eligibility.
Standards For A Qualified Drug Rehabilitation Program
A qualified drug rehabilitation program must include at least two unannounced drug tests and must satisfy at least one of the following requirements:
- Be qualified to receive funds directly or indirectly from a federal, state, or local government program.
- Be qualified to receive payment directly or indirectly from a federally or state-licensed insurance company.
- Be administered or recognized by a federal, state, or local government agency or court.
- Be administered or recognized by a federally or state-licensed hospital, health clinic, or medical doctor.