Long Island University

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Financial Aid Checks and Balances

The federal and state governments require that all colleges and universities set up a system of checks and balances to make sure that students maintain their financial aid eligibility throughout each award period. These checks and balances are instituted to alert students to potential problems that may prevent them from registering, receiving financial aid, or clearing their bills with the Bursar's Office. There are legislated regulations that set up the rules for schools, and the system of checks and balances make sure that the rules are followed.

An example of how a rule is followed appears in the blocking system the University has set up to make sure that only eligible students continue to receive financial aid. Long Island University has created block, for example, that prevents a student who is in loan default, from receiving future financial aid. Or, it prevents a student with no vaccination proof, from continuing classes. See our section on Blocks for more details on the meaning of the various blocks in place..

Also included in our checks and balances system is a very comprehensive review of the academic record of our students, including their earning enough credits each year, achieving a cumulative average of at least a 2.0, and making progress to their degree objective, etc. A comprehensive description of this academic review and charts that describe the requirements are found in the section of this website devoted to Good Academic Standing .

In addition to the regulations governing federal financial aid, New York State requires academic standards as well, and these also check that students make progress toward their degree objectives. Details about this standard also appears in the Good Academic Standing section of this website.

 


Blocks