Four Ways To Lose Your Financial Aid for School

By EduGuide Staff

Your parents won't receive any notices about your college life once you turn 18, so it's up to you to know and understand your school's financial aid requirements.
Financial aid-whether loans, scholarships, or grants-comes with strings attached. Here are the most common ways for students to lose their financial aid.

  1. Not showing adequate progress toward your degree by taking less than a full courseload.
  2. Not maintaining at least a 2.0 GPA overall - not just in your major. For academic scholarships, the standards can be even higher.
  3. Not finishing at least 70 percent of the classes you take.
  4. Other conditions specific to your aid package. Some aid requirements go beyond the common minimums listed above.