• Navigate to the “Financial Aid” section.
• Review your current award package, loan details, and any outstanding requirements.
• Take the necessary action: Accept or reject your award.

MyHive will also tell you if any documents are still needed to complete your file. If you have already used MyHive to accept, reject, or take any other action regarding your financial aid package and would like to make a change, email [email protected] or call 434.544.8210.

How to Maintain Your Financial Aid

To keep your level of financial aid, you must maintain Satisfactory Academic Progress (SAP). How do you do that?

• Maintain a required GPA based on your credit hours (e.g., 2.0 or higher after 90 credit hours; 3.0 for graduate students).
• Complete at least 67% of all courses attempted, including withdrawals and repeats.
• Students receiving financial aid must complete their program within 150% of the required credit hours (e.g., 124-credit program = 186 allowed hours).
   

What If I Don’t Keep My Grades Up?

If you fall below SAP standards, it’s not the end of the world, but you’ll need to evaluate and act carefully. The steps are:

• Financial Aid Warning — If your GPA drops below the requirement, your advisor will contact you. You will be placed on academic warning, with a chance to restore your GPA before the semester ends.
• Appeal Process — If extenuating circumstances affected your academic performance, you can submit an appeal. Contact the Solutions Center to explain your situation. The Financial Aid office will review your appeal along with input from your professors and advisors.
  • If your appeal is approved, you will retain your aid but be placed on probationary status.
  • If your appeal is denied, improve your grades to regain aid eligibility in future semesters.

Key Deadlines: The deadline for fall appeals is Sept. 1, and the deadline for spring appeals is Jan. 18.

How Withdrawing Affects Your Financial Aid

If you withdraw from classes or leave the University before completing 60% of the semester, it may affect your financial aid:

• Your funds may be returned to the Department of Education.
• Your aid eligibility will be prorated based on how much of the semester you completed.
• If you complete only 30% of the semester, you’ll only be eligible for 30% of your aid.

Withdrawing can also affect your eligibility for:

• Federal Direct Subsidized or Unsubsidized Loans
• Federal Pell Grants
• Federal SEOG
• Federal Parent Plus Loans

As you can see, staying on top of your financial aid responsibilities and grades is critical. Neglecting them could cause bigger problems down the line. Stay in regular communication with your professors and advisors to know your academic standing. You’ll never fall behind if you do a little bit of work every day to keep on top of things. You’ve got this!

Pro Tip: Check MyHive regularly to stay informed about your acceptance status and keep up with payments.