Financial Aid Policies
Marian University’s Financial Aid Policies are Designed to Support and Safeguard Each Student’s Path to Success
Through our Satisfactory Academic Progress policy, we help students stay on track academically and maintain their federal aid. Our Tuition Refund and Return of Federal Funds policies provide clear guidance and support, ensuring students understand how aid may be affected by course changes or withdrawals. Finally, our commitment to financial aid integrity through vigilant fraud prevention safeguards the aid process, fostering a trustworthy environment for all students to pursue their educational dreams.
Satisfactory Academic Progress
As required by the Higher Education Act, maintaining Satisfactory Academic Progress (SAP) is essential for students receiving federal financial aid. Marian University evaluates each student’s academic progress after each term, ensuring GPA, credit completion, and pace requirements are met. Students not meeting SAP are placed on a Financial Aid Warning and may appeal if facing special circumstances, like illness or family loss. By following Marian’s SAP policy, students can stay eligible for financial aid, keeping them on track toward their academic and financial goals.
Tuition Refund
Navigating a course change or withdrawal can have financial impacts, which is why Marian University provides a clear tuition refund policy to support you. Refunds are determined by the official date we receive your completed Course Drop or University Withdrawal forms, and financial aid adjustments may also apply. For added peace of mind, consider tuition insurance through our partner, GradGuard, protecting your investment if a withdrawal becomes necessary due to illness or other covered reasons. If you have questions, we’re here to help you understand the details and support your financial journey.
Return of Federal Funds
When students withdraw from Marian University, the Return of Federal Funds policy determines how much of their financial aid they’ve “earned” based on attendance and, if necessary, how much must be returned to the federal government. If students complete more than 60% of a payment period, they retain all federal aid for that term. For those withdrawing earlier, aid is returned proportionally, and Marian University works swiftly to calculate any owed funds and assist with post-withdrawal disbursements when applicable. This process helps protect students’ financial futures while ensuring compliance with federal regulations.
Financial Aid Fraud
Marian University is committed to upholding the integrity of its financial aid process to protect students and the university from the serious consequences of fraud. The Financial Aid Office is vigilant, working to identify and address discrepancies or misrepresentations in applications, while ensuring compliance with federal requirements. If there are indications of fraud, Marian must refer cases to the U.S. Department of Education’s Office of Inspector General. This policy ensures a fair, trustworthy process so students can pursue their education with peace of mind.
