What Happens To My Loans If Im Not Registered For 12 Hours

Congratulations, y'all've been awarded financial assist! Just now, you demand to make sure you keep it!

Mostly, students need to be enrolled in a minimum of half dozen-credit hours to be eligible for financial aid. Merely, to be eligible for the full financial assistance amount, students usually need to be enrolled in 12-credit hours, or be considered full-fourth dimension students.

Keep reading for everything you need to know about keeping your federal financial aid and how many credit hours you lot need to exist enrolled in to do then.

Credit Hour Requirements for Fiscal Assist

To qualify for the full amount of financial assistance, including grants and federal student loans, students will need to be enrolled in and successfully complete 12-credit hours per semester

Full-time enrollment can be hard for many students, particularly those who have commitments outside schoolhouse, such as a job or family.

Luckily, students enrolled part-time are still eligible to receive fiscal aid. The simply downside is the financial aid amount is lessened depending on the number of classes a educatee is taking. For example, the maximum Pell Grant for the 2022-23 college semester for full-time students who demonstrate financial need is $6,895.

For students who demonstrate less demand, or are not enrolled full-time, this number tin can vary and be profoundly reduced.

What other factors tin can affect financial assistance status?

Financial aid covers a maximum of 180 credit hours for a single program. What all of this means is that one time you exceed 180 hours, your federal aid volition probable no longer be available to you lot.

Yous will usually receive a notification once you have earned 150 credits warning you lot that yous are approaching the fiscal assist threshold.

Another cistron to consider when trying to maintain eligibility for fiscal help, y'all must make Satisfactory Bookish Progress (SAP). This means that you should exist earning good grades, passing all classes, and progressing towards graduation.

Have more questions about getting fiscal aid and how to keep it? The Frank Squad is here to help! Yous can reach us via e-mail at support@withfrank.org or text the states at (347) 690-7886.

Expert luck!