Can your financial aid be taken away

We believe students from all economic backgrounds should have the opportunity to attend the University of Washington. Finances should not be a barrier to getting a world-class education. Award process. You can see details of your award, accept your aid, view messages or actions you need to take and check on the status of your documents submitted to our office.

For example, if you lost your aid due to bad grades, you can talk to the financial aid office about the best way to improve your academics so that your aid can be reinstated. Ask about the requirements for the aid you were receiving, and find out if there is any way to reestablish your aid eligibility. If your aid was removed due to circumstances beyond your control, then your most effective solution for restoring your funding may be filing a financial aid appeal.

Submitting an appeal will not work in every instance of lost aid. If you can prove extenuating circumstances, it may be possible for you to regain your financial aid. If your aid was removed due to unsatisfactory academic performance that was caused by a special circumstance in your life such as a major health-related issue such as an injury or a learning disability, you can file an SAP appeal. An SAP appeal helps explain to the school the extenuating circumstances that resulted in lower grades.

If you have the option, consider cutting costs in other areas, so that you can cover the cost of the lost aid and still go to school. For example, consider living off-campus or living with family if they are nearby to save on room and board.

Another option is to take fewer classes to reduce your obligation. If you do choose to take fewer classes, keep in mind that this may also affect your aid, as well, since certain types of aid require you to be a full-time student. Private Scholarships Private scholarships are another option to explore to help pay for school if you lost financial aid.

However, if you need to get aid quickly, scholarships may not be an effective option. After exhausting your other options for getting back your financial aid or finding alternatives, you may need to turn to private sources. They'll most likely offer the lowest interest rates, they come with flexible repayment plans and, in some circumstances, they can be forgiven.

These are the current federal loan options for undergrads:. Direct subsidized and unsubsidized loans: 4. Parent PLUS loans: 7. Private loans should be a last resort, but they can be a useful tool for some — particularly borrowers who have good credit or who have a co-signer with a great credit score.

Look for a private loan that offers incentives, such as cash back for good grades, and make interest-only payments while in school, if possible. That way, your accrued interest won't be added to your principal balance after you graduate. But be cautious: Private loans don't come with the same borrower protections as federal loans. Weigh your budget and potential postgrad earnings against your potential loan payments to see if transferring is a good option.

If you decide to change schools, make sure that enough of your credits will transfer to make the switch worth it. Taking more than four years to graduate is another added expense. Possible reasons for your financial aid suspension. Talk to your financial aid office. Apply for private scholarships.