2012-2013 - Marquette University Bulletin
2012-2013 - Marquette University Bulletin
2012-2013 - Marquette University Bulletin
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<strong>Marquette</strong> <strong>University</strong> - Graduate School of Management <strong>Bulletin</strong> 49<br />
Student Financial Aid<br />
Financial Aid Available From the Office of Student Financial Aid<br />
Financial aid consists of scholarships or assistantships, student loans and part-time employment, and can help meet the costs of a graduate<br />
or professional program.<br />
Scholarships and assistantships are awarded by each school or program (dental, law, health sciences or graduate). Questions concerning<br />
scholarships and assistantships should be directed to the admissions or dean’s office of the school or program in which you plan to enroll.<br />
Although care is taken to ensure the accuracy and timeliness of information contained in this bulletin, due to constantly changing federal and<br />
state legislation, as well as unintended error, the contents are subject to change and/or deletion without notice. Current information can be<br />
obtained by visiting marquette.edu/mucentral or by calling <strong>Marquette</strong> Central at (414) 288-4000.<br />
Eligibility Requirements<br />
To receive financial aid from federal and state programs, students must meet the following requirements:<br />
• Be a U.S. citizen or an eligible non-citizen. Students with F1, F2, J1, or J2 visas are not eligible.<br />
• Be registered with Selective Service, if required.<br />
• Complete the Free Application for Federal Student Aid (FAFSA) at fafsa.gov (http://www.fafsa.gov).<br />
• Not be in default on any loan or owe a refund on any grant made under Title IV of the Higher Education Act of 1965, as amended, at any<br />
institution.<br />
• Demonstrate financial need, if applying for need-based aid.<br />
• Be enrolled at least half-time. Audit, repeat and other non-credit classes do not apply.<br />
• Half-time: 4 credits per semester for Graduate; 6 credits per semester for Dental, Law, and Health Sciences.<br />
• Be working toward a degree or certificate.<br />
• Be making satisfactory academic progress (i.e., to be eligible for aid, a student must have academic standing that is consistent with<br />
university requirements for graduation).<br />
Application Procedures<br />
Students may apply for financial aid if they are currently enrolled or are applying for admission to <strong>Marquette</strong> <strong>University</strong>. Be advised that no<br />
offer of financial assistance will be made until the student is formally admitted to the university. All students applying for financial aid must<br />
complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is available online at fafsa.gov (http://www.fafsa.gov) beginning<br />
on January 1 for the upcoming academic year.<br />
During the application process, students may be asked to verify the information reported on the FAFSA. Any aid offer will be contingent upon<br />
completion of the verification process.<br />
Satisfactory Academic Progress Policy<br />
By federal regulation, <strong>Marquette</strong> <strong>University</strong> is required to apply both qualitative and quantitative standards in measuring academic progress<br />
for financial aid purposes. These standards apply to all students who receive institutional, state and federal Title IV and Title VII funds<br />
administered by the university. Federal Title IV programs for graduate students include William D. Ford Federal Direct Stafford and PLUS<br />
Loans, Federal Perkins Loans and Federal Work Study. Title VII programs include the Federal Nursing Loans.<br />
<strong>Marquette</strong> has established the following criteria for graduate students in conjunction with federal regulation published on Oct. 6, 1993,<br />
Federal Register Part 668.16 and the Higher Education Amendments of 1986.<br />
I. Qualitative Standards of Academic Progress<br />
Financial aid recipients are governed by the performance standards of the school or college in which they are enrolled.<br />
II. Quantitative Standards of Academic Progress<br />
Students must complete their academic programs and receive their degrees within a maximum time frame. For graduate students, 6 years<br />
is the maximum amount of time a student may attempt toward degree completion. In addition, graduate students must earn 75% of their<br />
cumulative credits attempted.<br />
Note: Grades of I, U, UW, W and WA, unreported grades, grades of F or audit credits are not counted as earned credits.<br />
III. Failure to Meet the Satisfactory Academic Progress Standards (Quantitative)<br />
1. First Occurrence<br />
Students who do not meet the standard will be put in a warning status. The student will be notified of this status in writing.