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Student Aid Reset: Easier Path to Regain Federal Financial Eligibility.

This bill reforms Satisfactory Academic Progress (SAP) rules, making it easier for students who previously lost federal financial aid (like Pell Grants) due to poor grades to regain eligibility. It introduces a mandatory warning period before aid is cut off and allows students to reset their academic history after a two-year break from college. The goal is to support low-income and minority students in persisting and completing their degrees.
Key points
Students who leave college for two years can reset their academic history (up to twice) to regain eligibility for federal financial aid without penalty for past failures.
Colleges must check academic progress every payment period and issue a mandatory financial aid warning before aid is revoked.
Institutions must clearly communicate the rules for maintaining financial aid eligibility (SAP standards) before students start classes.
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Additional Information
Satisfactory Academic Progress Reset and Reform Act
Print number: S 5162
Sponsor: Sen. Booker, Cory A. [D-NJ]
Process start date: 2024-09-24