FASAP
What does FASAP stand for?
Financial Aid Satisfactory Academic Progress
Why is a Certificate of Borrower's Condition requested?
Student had discharged loans in the past
Which team reviews UEH?
FA Verification
What page is used to find the completed FAFSAs?
The ISIR tab
What is the aggregate limit for Graduate PLUS loans?
Graduate PLUS loans have no current aggregate limit
What are the FASAP requirements for Undergraduate and Graduate students?
Undergraduate students need a 2.0 GPA and 67% completion ratio. Graduate Students need a 3.0 GPA and 50% completion ratio.
If the student's physician completes section B of the CBC, it means what?
The student's condition has not improved enough to have gainful, substantial activity
How many attempts does a student get to complete the UEH Secondary Review?
3 attempts
What page is used to find current QC Holds?
Student Summary page
Name the first step a student needs to take to be eligible for Graduate PLUS loans
Submit the current academic year's FAFSA
How many days do students get to appeal?
12 days
Name the two types of doctors who can complete a CBC for a student
M.D - Doctor of Medicine. D.O - Doctor of Osteopathic
Why do we require UEH?
If the student has not earned credit at a previous instituition that federal aid was used, the UEH Secondary Review gives them a chance to explain why.
What is the General Disbursement Block Document
A document added to the "Received Documents" section that can block disbursements if the correct conditions are not met.
How long is the credit decision active for?
The credit decision is active for 6 months
When does FASAP get calculated?
2nd Wednesday after courses end
How often do students need to complete a new CBC and a new LAC?
CBCs are one-time completion, unless they have new discharged loans. LACs are needed for each new loan that is packaged
Name the document that a student can request if they do not wish to complete the UEH review
The UEH Opt-out document
Under "Received Documents" will be the FASAP status indicating whether they are meeting or not meeting FASAP.
A student used Graduate PLUS loans at their previous school and the application is still valid. What step do they need to take to use Graduate PLUS loans at Capella?
Complete a new Graduate PLUS application as they are school-specific.
What population of students is subject to FASAP reviews?
Any student with an active ISIR on file
Explain the monitoring period for discharged loans and what happens if a student takes out a new loan during this time
Students who have had discharged loans are subject to a 3-year monitoring period to ensure they meet the requirements. If a student takes out a new loan during this time, they may be responsible for ALL previously discharged loans
Name the steps a student must take after their UEH Secondary Review is denied to regain federal aid eligibility.
Once the UEH Secondary Review is denied, students can attend a term with Capella, and pay for their courses out-of-pocket or with an alternative loan. If they earned credit and pay for the term, students can request the UEH Appeal form to complete and regain eligibility
Where can you see if a loan has originated?
Under the "Common Record Information" tab
What is the current loan origination fee for Graduate PLUS loans?