ADDITIONAL INFORMATION VERIFICATION Each year, segments of financial aid applications are selected for review in a process called verification. This process confirms the data supplied by the applicant and/or parents on the FAFSA. If your application is selected for verification, our office will request the documents that are needed to complete the verification process. Aid will not be posted to your account until you have submitted all requested documents and the accuracy of your information has been checked. These
documents must be received by June 15 each year. If they are not received by this date, your aid may be reduced and/ or cancelled. Any changes to your aid, as a result of the verification process, will be itemized in a revised financial aid offer.
WITHDRAWING FROM RIPON Withdrawing from Ripon College is a decision you should take very seriously. It is important that you visit each office on the withdrawal form when you are considering or have chosen to leave. When you withdraw from Ripon, you can lose some of your financial aid. Financial aid is earned each day you attend classes and, depending on when the withdrawal occurs, you may or may not have earned enough of your aid which would result in a balance being owed to Ripon College. Please contact the Office of Financial Aid for specifics if you decide to withdraw from classes.
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SATISFACTORY ACADEMIC PROGRESS POLICY Federal regulations require that all students receiving federal financial aid funds maintain standards of satisfactory academic progress in the pursuit of their degree. Regulations require that your entire academic history be considered, even if you have never received federal aid. The Satisfactory Academic Progress policy is outlined in the academic catalog and also is available via the MyRipon Portal. Three standards are used to measure academic progress for financial aid purposes: 1. Cumulative Grade-Point Average 2. Credit Completion Rate 3. Maximum Time Frame Your progress will be monitored every semester. If at any time you do not meet the minimum satisfactory progress standards, you will be notified by the Office of Financial Aid. Continued failure to meet progress standards will result in the loss of your financial aid eligibility. You may appeal the loss of financial aid eligibility if extenuating circumstances interfered with your ability to meet satisfactory progress standards. The policy set forth by the Office of Financial Aid is separate and distinct from Ripon College’s academic progress standards, as issued by the Office of the Registrar.
