Requirements to Receive Federal Financial Aid

Statement of Educational Purpose - To receive financial aid, a student must be enrolled as a degree-seeking student. A student must sign a statement indicating that all federal financial aid will be used for expenses related to study at Cornerstone University.

Statement of Refund and Default - To receive federal financial aid a student must not owe a refund on any federal grant or loan. A student must not be in default on any loan unless he or she has made satisfactory arrangements to repay any defaulted loan, and must have not borrowed in excess of the loan limits under federal programs at any institution.

Selective Service Registration - Prior to receiving federal financial aid each year, male students born after December 31, 1959, are required to comply with Selective Service registration regulations.

To Remain Eligible for Financial Aid

A student must have maintained Satisfactory Academic Progress in accordance with the following guidelines: 

  • A undergraduate student must meet the appropriate cumulative grade point requirement for his/her classification.
    1-25 credits completed, 1.5 GPA
    26-57 credits completed, 1.7 GPA
    58-ABOVE credits completed, 2.0 GPA
  • Graduate students must maintain a minimum of a 2.0 cumulative grade point average in order to receive financial aid.
  • A student must be progressing at a rate that would allow for completion of his/her program within a period not greater than 150% of the normal program length. In keeping with this requirement, any student who has completed 180 or more credit hours, including transfer credits and credits earned at Cornerstone, will not be eligible for any further financial aid.
  • A student who receives financial aid is required to complete the following percentage of hours (including transfer credits and credits earned at Cornerstone):
      Undergraduate
  Cumulative Hours Attempted               Minimum Percent
Completed
  1-25 65%
  26-57 70%
  58+ 75%
  Graduate  
  Cumulative Hours Attempted Minimum Percent Completed
  1-24 65%
  25-48 70%
  49+ 75%

 

 

 

 

 

 

 

 

 

SAP is evaluated at the end of each enrollment block, as designated on the cohort calendar. A student will not be evaluated if he/she has not attempted at least 9 credit hours. If a student does not meet the Satisfactory Progress standards, he/she will be placed on probation for the next course block. If he/she does not attain the standard at the end of the next block, he/she will be placed on financial aid suspension, and will not be eligible for additional aid until meeting these standards again.