![]() Example: A student has attempted a total of 24 credit hours at NU (transfer credits included). The credit hour completion rate is calculated by dividing total earned credit hours by the total number of credit hours attempted. All students must earn a minimum of 67% of the credit hours that they have attempted, including transfer credit hours and semesters the student did not receive aid.Minimum Credit Hour Completion Rate (PACE).These standards include a minimum cumulative Grade Point Average (GPA), a minimum credit hour completion rate (PACE), and the completion of a degree or program of study within a maximum time-frame. All students who wish to qualify for financial aid while attending Naropa University (NU) must meet certain standards of Satisfactory Academic Progress (SAP), even if they have not used financial aid previously.Conditions for Maintaining Satisfactory Academic Progress.It is essential that students familiarize themselves with the following policy, as it affects not only current financial aid eligibility, but future aid as well. If students have ever received financial aid while attending Naropa, and drop below half-time status, withdraw, take a leave of absence or graduate, they must contact the Financial Aid Office immediately, and complete an exit interview before leaving the university. Students who are registered for extended thesis or manuscript are not eligible for financial aid. Exception: PELL-eligible undergraduates may be eligible for partial PELL grants even if enrolled less than half-time. If students are enrolled less than half-time (6 credits) for any semester, including summer, they are not eligible for financial aid for that semester. Please be aware that the definition for half-time and full-time status is the same for summer as for fall and spring. Students must notify the Financial Aid Office immediately of any change in enrollment status, so that financial aid may be adjusted. Financial aid eligibility may be different for full-time (at least 12 credits for undergraduates, 9 credits for graduates), half-time (at least 6 credits), and for undergraduates three-quarter-time (9 credits). Financial aid is awarded based on the intended enrollment status indicated by the student on the FAFSA or other correspondence. ![]()
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