Satisfactory Academic Progress

Effective July 1, 2011, federal regulations require that students applying for federal loan assistance must meet certain criteria whether or not they previously received aid. For graduate students (except doctorate and medical students), this policy applies to Federal Direct Subsidized and Unsubsidized Stafford Loans, as well as some other loan types.

In order for you to continue to receive loan money, you must comply with these regulations set by the University in conjunction with federal regulations.

1. Maximum Timeframe (MTF)
The MTF is the required length of time it will take you to complete a degree program based on the appropriate enrollment status. Federal regulations allow a student to be eligible to receive aid up to 150% of the time it would normally take to complete a degree.

The MTF for the NJIT Master in Civil Engineering online program is 6 terms, and 2 terms for all Federal Title IV eligible Graduate Certificate programs.

2. Minimum Completion Percentage (MCP)
The MCP is the percentage of coursework that a student must earn (pass) during enrollment.
The NJIT MCP is 67%.

3. Minimum Cumulative Grade Point Average (GPA)
Students are required to maintain a minimum GPA throughout the course of the program.
The NJIT minimum cumulative GPA is 3.0 for Graduate Students.

Important Loan Information
As with any loan, make sure you fully understand the interest rates, repayment terms, and tax implications. Find out if interest charges are variable or fixed, if the loan has forgiveness or deferment provisions, if you can consolidate the loan with other loans, and if the loan carries prepayment penalties.

Borrow only what you need. Remember that loans must be repaid even if you do not finish school. Your education is a substantial investment. It’s one of the most important decisions you can make for your future. Take time to learn all of your financial aid options before you make any decision.

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