Financial Aid

Federal School code: 007582

What's New

HOURS

Nov 30 - Dec 20, 2014
DayTime
Sun: Closed
Mon: 8:00 a.m. - 7:00 p.m.
Tue: 8:00 a.m. - 7:00 p.m.
Wed: 8:00 a.m. - 5:00 p.m.
Thu: 8:00 a.m. - 5:00 p.m.
Fri: 8:00 a.m. - 3:00 p.m.
Sat: Closed
Upcoming Hours

CONTACT

Greeley Campus
College Center, 1st Floor
5401 W 20th Street
Greeley, CO 80634

financial.aid@aims.edu
Phone: (970) 339-6548
Fax: (970) 506-6962

Maintaining Eligibility

Free Application for Federal Student Aid (FAFSA)

The Free Application for Federal Student Aid (FAFSA) must be completed each year to maintain eligibility.  Each January the new application will become available, and it’s up to the student to complete it for the upcoming fall semester.

Financial Aid Satisfactory Academic Progress

To remain eligible for financial aid, the student must progress towards the completion of their academic program.  Financial Aid Satisfactory Academic Progress (SAP) is checked at the time your FAFSA results are received and at the end of each academic term.  All coursework, including repeated coursework, withdrawn classes, and remedial coursework, is included in the SAP calculation. SAP standards that are reviewed and have to be met each term:

  1. a minimum all cumulative grade point average of 2.0 or above; AND
  2. a 67% or above undergraduate completion rate of your passed and attempted hours. Your completion rate is calculated by dividing the number of basic education and undergraduate cumulative passed hours by the number of undergraduate cumulative hours attempted; AND   
  3. attempted credits for your first financial aid eligible program show that you can complete that program within the maximum timeframe (150%) of that programs length or your attempted credits for an additional financial aid eligible program show that you can complete that program within the maximum timeframe (100%) of that programs length; AND
  4. passed at least 1 attempted course within your most recent term of enrollment with a grade of ‘D’ or better

Outlined below is a description of each possible SAP status and action for resolution.
                               

  • Good - You have met all academic progress criteria required to be eligible for financial aid.
  • Warning - Your cumulative undergraduate GPA has fallen below 2.0 and/or your overall successful course completion rate has fallen below 67%. Because your previous term GPA and course completion rate were at or above the minimum levels, you have one remaining term in which to receive aid without any additional action on your part. However, your GPA and completion rate must be back to the minimum standards at the end of the next term in which you receive financial aid for you to maintain continued eligibility.
  • Ineligible - You have had either a GPA below 2.0 or a course completion rate below 67% or both for two or more subsequent terms in which you have received financial aid. You are not eligible for further financial aid at this time. If you feel there were extenuating circumstances that have contributed to your situation you may file an appeal requesting a reconsideration of your eligibility. If you wish to file an appeal you may contact the Financial Aid office.
  • Fail/Withdrawal - You received financial aid but did not successfully complete any of your courses for the last term you were enrolled. You are not eligible for further financial aid at this time. If you feel there were extenuating circumstances that have contributed to your situation you may file an appeal requesting a reconsideration of your eligibility. If you wish to file an appeal you may contact the Financial Aid office.
  • Maximum Timeframe - You have attempted more than 150% of the credits required to complete your currently enrolled program. You are not eligible for further financial aid at this time. If you are pursuing a subsequent program at Aims, or if you feel there are extenuating circumstances that have contributed to your situation you may file an appeal requesting a reconsideration of your eligibility. If you wish to file an appeal you may contact the Financial Aid office.
  • Probation - Your appeal of your academic progress status has been approved. You have been given ONE extra term in which to receive aid and meet the minimum eligibility criteria of a 2.0 or greater overall GPA and 67% or better overall course completion rate.
  • Academic Plan - Your appeal of your academic progress status has been approved. You are subject to the conditions outlined in your academic plan. As long as you maintain the conditions set forth in your plan you are eligible to receive financial aid.
  • Review - Financial Aid staff are currently conducting a review of your academic progress status. A final determination on you status will be posted shortly. Should you have any questions or concerns you may contact the Financial Aid office.

Satisfactory Academic Progress will be evaluated at the end of each semester. A complete description of the financial aid SAP policy is available in the current Aims Community College catalog and in the Financial Aid Office. 

PLEASE NOTE:  the Financial Aid Satisfactory Academic Progress policy differs from the Academic Standards Policy. 

Return of Federal Financial Aid

Financial Aid Penalty for Drug Violations

By law, some students who have drug-related convictions under any federal or state law during a period of enrollment for which the student was receiving Title IV aid (grants, loans, or work-study assistance) may be ineligible for federal student aid. According to the law, if you are convicted of a drug-related offense, you may face these restrictions:

  • For possession of illegal drugs, you are ineligible from the date of conviction (not arrest) for
    • One year for a first offense
    • Two years for a second offense
    • Indefinitely for a third offense
  • For sale of illegal drugs, you are ineligible from the date of conviction (not arrest) for:
    • Two years for a first offense
    • Indefinitely for a second offense

Any student who has lost eligibility for federal Title IV funds including grants, loans, or work-study assistance, as a result of penalties under 484(r) (1), will receive a separate, clear, and conspicuous written notice. This notice will notify the student of the loss of eligibility and advise the student of the ways to regain eligibility under 484 (r) (2) of the HEA.

Regaining Eligibility after a Drug Conviction - A student whose eligibility has been suspended may resume eligibility before the end of the stated ineligibility period if either (a) the student satisfactorily completes a drug rehabilitation program and passes two unannounced drug tests, or (b) the conviction is reversed, set aside, or removed from the student's record.

Effective July 1, 2010, the HEOA adds a new provision at section 484(r) (2) (B) of the HEA that allows a student whose eligibility has been suspended due to a drug conviction to resume eligibility if the student successfully passes two unannounced drug tests conducted by a drug rehabilitation program that complies with criteria established by the Secretary of Education. Students must provide documentation of this completion to the Financial Aid Office.