What is the 67% Rule for Financial Aid?
Financial aid is an important part of many students’ college experience. It can help cover the cost of tuition, books, and other college expenses. To be eligible for financial aid, students must meet certain requirements, including the 67% Rule.
The 67% Rule is a requirement for students to receive federal financial aid. It states that students must successfully complete at least 67% of their attempted credit hours in order to be eligible for financial aid. This means that students must complete at least two-thirds of the courses they enroll in each semester.
To calculate the 67% Rule, divide your successfully completed credit hours by your attempted credit hours. If the resulting percentage is 67% or greater, then you have met the 67% Completion Standard for financial aid.
For example, if you attempted 15 credit hours and successfully completed 10 of them, your completion rate would be 67%. In this case, you would meet the 67% Rule and be eligible for financial aid.
The 67% Rule is an important part of the financial aid process. It ensures that students are making progress towards their degree and that they are using their financial aid responsibly.
If you fail to meet the 67% Rule, you may be placed on financial aid probation or have your financial aid suspended. In this case, you may need to take additional classes or make up the credits you failed in order to regain your eligibility for financial aid.
It is important to keep track of your credit hours and make sure you are meeting the 67% Rule. If you are unsure of your completion rate, contact your school’s financial aid office for assistance. They can help you calculate your completion rate and provide guidance on how to maintain your eligibility for financial aid.
The 67% Rule is an important part of the financial aid process. It helps ensure that students are making progress towards their degree and that they are using their financial aid responsibly. By understanding the 67% Rule and meeting the requirements, you can ensure that you are eligible for financial aid and can continue your college education.