Federal Stafford Loan Advancement

The total number of credits successfully completed determines eligibility for Stafford Loans. Grade level advancement is as follows:

0 - 29 credits earned	Freshman, Level 01	$3,500
30 - 59 credits earned	Sophomore, Level 02	$4,500
60 - 89 credits earned	Junior, Level 03	$5,500**
90+ credits earned	Senior, Level 04	$5,500**

**In order to be considered a Junior or Senior, the student must be enrolled in their third or fourth year of a four-year program.

Credits to be included in total number completed are those for which the student receives a grade of A, B, C, D, or P (credit by examination). Credit for which the student receives a grade of W, WP, WF, or I will not be included, although “I” (Incomplete) grades which result in a determination of unsatisfactory progress may be reviewed upon completion of course work. Incomplete grades not completed within six weeks of the ensuing semester are computed as “Fs.” Educational Enrichment courses which are satisfactorily completed will be counted as credit equivalency toward the student’s progress.

Once students have completed sixty (60) credit hours, a “C” (2.0) average must be maintained for continuance of financial aid.