How can a student on academic probation pay for college with no aid?

How can a student on academic probation pay for college with no aid?

My son has brain damage along with seizures and a reading learning

disability. With all the doctors appointments, hospital stays and seizures

he is on academic probation this semester. So that means, well you

know what that means, he will not be allowed to apply for FAFSA this

semester. My question to you all is how can I afford to pay for his

college semester this time without the FAFSA? Is there any financial

help out there for him?

— Linda C.

Students who fail to maintain satisfactory academic progress

(meaning at least a 2.0 GPA at the end of the second year) lose

eligibility for federal student aid including both grants and

loans. They can restore eligibility by improving their grades.

The regulations at 34 CFR 668.34(c), however, allow colleges to find

that the student is still making satisfactory academic progress if the

failure to make satisfactory academic progress is due to the death of

a relative of the student, an injury or illness of the student or

other special circumstances. You should contact the school to ask

about their appeals process. Be polite, as they are not required to

grant an appeal.

You should also ask the college about any accommodations they can make

for your son’s disability. Reasonable accommodations do not include

treating half-time enrollment as though it were full-time

enrollment. But perhaps they can provide your son with a tutor to help

him improve his reading ability.

If the college does not demonstrate any flexibility, your son should

consider transferring to Landmark

College. Landmark College specializes in providing a college

education to students with learning disabilities and ADHD. They will be

more understanding of the difficulties your son is experiencing.

Unfortunately, Landmark College is also one of the more expensive

colleges in the country.

I am 24 and I have previously taken out loans as a dependent

student. I married this year and wonder if my eligibility changes

since I would now be considered an independent student. I have

completed an associate’s degree at a community college and have

approximately three semesters until I earn enough credits for my

bachelor’s degree. What is the maximum amount I can get from either

subsidized or unsubsidized federal loans?

— Twyla G.

You are independent because you are age 24 and because you are

married. Either is sufficient for you to be considered an independent

student. (Note that the FAFSA cannot be updated for changes in an

applicant’s marital status. So if you were under age 24 and got

married after filing the FAFSA you would still be considered

a dependent student.)

Independent students are eligible for higher annual loan limits on the

unsubsidized Stafford loan. An independent student qualifies for an

additional $4,000 a year during the freshman and sophomore years and

an additional $5,000 a year during the junior and senior years. This

means that the unsubsidized Stafford loan limits for an independent

student are $9,500 during the freshman year, $10,500 during the

sophomore year, $12,500 during the junior year and $12,500 during the

senior year. Aggregate loan limits are also higher. You can borrow a

total of $57,500 in unsubsidized Stafford loans as an independent

student instead of the $31,000 aggregate limit for dependent students.

The subsidized Stafford loan limits remain unchanged. Freshmen can

borrow $3,500 in subsidized Stafford loans, sophomores can

borrow $4,500, juniors can borrow $5,500 and seniors can borrow

$5,500. The aggregate loan limit for subsidized Stafford loans is

$23,000. Any amounts received as subsidized Stafford loans are

subtracted from the loan limits for unsubsidized Stafford loans.

Since you are an independent student your parents will no

longer be eligible to borrow from the Parent PLUS loan program on your

behalf.

Source: Fastweb

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