Students who receive financial aid must maintain Satisfactory Academic Progress which is defined by Federal Regulations in conjunction with Institutional Policies. For purposes of Title IV consideration, a student at NMMI is considered to be making satisfactory progress when (1) the number of credits earned, divided by the number FTE semester in attendance at any accredited institution of post-secondary education is equal to 12 or more; and (2) the maximum number of semesters permitted for completion of the course work for an Associate Degree is 6 semester of full-time enrollment. The computation for this phase of satisfactory progress will be accomplished at the end of the academic year; and (3) maintain a NMMI cumulative grade point average (GPA) as follows: 2 or more semesters with a cumulative GPA of 2.00. Computation of the cumulative GPA will be accomplished at the end of each semester, but before the beginning of the succeeding semester. Students are given the opportunity to appeal any denial of assistance.
Title IV recipients who withdraw from NMMI will be required to pay all or a portion of the aid back the federal government and or school if they drop out of school prior to completing 60 percent of the semester. This is called the RETURN TO TITLE IV AID.
The regulations make it clear that Title IV funds are awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. When a student withdraws, the student may no longer be eligible for the full amount of Title IV funds originally scheduled to received.