The Department of Education requires you to meet academic standards to receive financial aid at Madison College. These academic standards are referred to as Satisfactory Academic Progress (SAP). SAP is evaluated after each semester and is calculated using all credits attempted, regardless of whether financial aid was received.
The Financial Aid Office will automatically recalculate SAP for those who have final grades posted up through the second week of the following semester. Any status changes would be communicated to you. If a final grade is posted after the second week of the new semester, it is your responsibility to contact the Financial Aid Office.
Grade Point Average (GPA)
For financial aid purposes, any missing grades or incomplete ("I") grades are calculated as an "F." In addition, any non-degree classes for which financial aid was received also count towards your financial aid GPA calculation. If either of these situations apply, you must manually calculate your GPA using the information link provided above.
Maximum Time Frame
First, determine the amount of credits you may attempt before you reach Maximum Time Frame:
Next, determine the amount of credits you have attempted that count towards Maximum Time Frame. Note that this calculation does not start over if you change or add a new program of study. Add together all classes that you have:
Questions? Visit askMadisonCollege to view frequently asked Financial Aid questions, submit a Financial Aid Category question, access the Financial Aid Tutorials for step-by-step instructions on related processes, or contact Madison College Financial Aid at (608) 246-6170.