Could you lose your financial aid?
If you drop, withdraw or cease attendance in all of your courses, you may be required to repay a portion of the financial aid you have already received. This may create a balance owed to WSU. You may also have a registration hold until the balance is paid.
For more information about the cancellation of unearned aid, visit the website.
Do you have a scholarship?
Annually at the end of May, the Office of Student Financial Aid will review your academic progress to determine if you are meeting the scholarship provisions. If you do not meet the scholarship requirements, your award will not be applied to your student account and may be canceled.
If you are an undergraduate student, merit award renewal criteria include enrollment in a minimum of 12 undergraduate WSU credits each fall and winter semester. You must earn a minimum of 24 credits each academic year.
John has a Gold scholarship and enrolled in 12 credits in fall. He withdraws from 3 credit hours and has a final grade point average of 3.0. For winter, John enrolls in 14 credit hours and withdraws from 4 credit hours. His final winter grade point average was a 3.0.
John has only completed 19 of the 26 credit hours for which he enrolled for the fall and winter and his cumulative grade point average (GPA) is a 3.0. John goes to http://wayne.edu/scholarships/current/retain/ to see if he can keep his Gold scholarship for next year.
Do you have a Wayne State grant?
WSU Cumulative GPA Required to renew his Gold scholarship is a 3.3. The website also states, "You must earn a minimum of 24 credits each academic year." John has only earned 19 credits fall and winter and his cumulative GPA is a 3.0. John will lose his Gold scholarship.
WSU Promise Grant Award Renewal
This award will be renewed if you meet the following requirements:
- Enroll in and earn at least 24 credits each academic year
- Meet Satisfactory Academic Progress standards
- File the annual FAFSA and demonstrate high financial need with a low Estimated Family Contribution (EFC) figure. Your award amount is dependent on your demonstrated financial need, based on your FAFSA.
Jane is a Freshman and has a WSU Promise Grant. Will she be eligible for a renewal of her grant next year?
Jane went to the WSU Promise Grant Award Renewal website
during her winter smart check and realized that she needed to earn 24 credits each academic year. After the winter semester she had only earned 13 credit hours. Jane decided to enroll for 6 credit hours in the spring/summer semester to make sure that earned 24 credit hours for the academic year.
Jane has earned 24 of the 31 credits she attempted at WSU. Her pace for Satisfactory academic progress is 77% and her cumulative GPA is a 3.0. She is meeting Satisfactory Academic Progress
. She has met the first two criteria to renew her WSU Promise Grant. Now she just has to file her FAFSA
and still demonstrate high financial need.