Page 36 - Lakeshore Technical College Student Planner 2024-2025

Satisfactory Academic Progress (SAP)
The U.S. Department of Education requires financial aid recipients to maintain satisfactory academic progress (SAP). SAP measures both qualitative (grade point average process) and quantitative (pace and number of credits earned). All attempted undergraduate credits, including repeated courses, withdrawals, and incomplete courses will be calculated in a student’s SAP, regardless of whether financial aid has been received for these courses.
• Satisfactory Academic Progress will be calculated at the end of each academic semester. Students are expected to receive a cumulative grade point average (GPA) of at least 2.0 and complete at least 66.67% of their cumulative credits attempted to remain in good standing.
• Pace Measure is based on the cumulative number of program credits attempted, not to exceed 150 percent of credits required in the student’s program. Students in excess of 150 percent may appeal and develop a maximum timeframe plan to continue financial aid eligibility.
• Qualitative Measure is based on a student’s cumulative grade point average (GPA). Students must maintain a cumulative GPA of 2.0 to remain in good standing.
• Quantitative Measure is based on the cumulative satisfactory completion of cumulative attempted credits. Students must maintain a cumulative satisfactory percentage of completion of 66.67% or higher to remain in good standing.
• Financial Aid Warning is when a student fails to meet either the qualitative or quantitative measure, or both. The student is still eligible to receive financial aid while on warning.
• Financial Aid Suspension is when a student fails to meet either the qualitative or quantitative measure after the warning period. The student is no longer eligible to receive financial aid.
• Appealing Financial Aid Suspension is when the student appeals to have financial aid reinstated due to extenuating circumstances. Extenuating circumstances must be outside of the student’s control, have documentation, and be explained in the Financial Aid Appeal Form.
• Financial Aid Probation is when the student has an approved appeal. This allows the student to receive another semester of financial aid.
• Financial Aid Academic Plan is when the student has an approved academic plan. This allows the student to continue to receive financial aid as long as the academic plan requirements are followed. Students must meet cumulative satisfactory academic progress by term (versus cumulative) to remain in good standing.
A full description of the SAP policy can be found at gotoltc.edu/financial-aid/eligibility/satisfactory-academic-progress.
PAY TUITION
Lakeshore payment methods include cash, check, money order, credit card (Visa or MasterCard), a completed Financial Aid Award, a third-party authorization, and the Lakeshore payment plan. Refer to MyLTC for detailed payment plan options and dates.
Students anticipating expenses to be paid by an agency such as the Workforce Innovation and Opportunity Act (WIOA), Trade Adjustment Act (TAA), Veterans Benefits, or Department of Vocational Rehabilitation must provide an authorization form detailing the course(s) and fees approved for payment.
Students who have not been awarded financial aid from Lakeshore’s Financial Aid Office and elect to sign a payment plan agreement must follow the payment plan guidelines. Students are required to pay a nonrefundable participation fee at the time of signing up for the payment plan unless the student chooses the auto-withdrawal option for payment.
Any unpaid balance is the responsibility of the student. It is the student’s responsibility to ensure all applicable financial aid, third-party payments, and other outside payments are applied to their account as expected. Balances not paid by the due date are subject to:
• A late payment fee of $100 for failure to pay by the due date; $100 maximum per semester. 26