Complete the following steps to apply for aid:
Naropa University Grants are awarded to full-time, degree-seeking international students who demonstrate high financial need.
Naropa Student Employment is a form of employment with the University. NSEP is a university-funded form of financial aid that allows international students to work on-campus and earn a semi-monthly paycheck. Student employment earnings are not applied to a student's tuition bill. NSEP is awarded to international students who demonstrate high financial need. Receiving an NSEP award is not a guarantee of employment. Open work-study positions are posted on Naropa's employment webpage.
Residents of Canada can explore educational loans through this program. Applications are available through the Canadian provincial governments.
The Organization of American States, through the Rowe Foundation, offer interest-free loans to competent students from Latin American and Caribbean countries to help them finance their graduate, postgraduate or final two years of undergraduate studies at accredited universities within the United States. For more information visit: www.oas.org/rowe.
Financial aid is awarded based on the intended enrollment status indicated by the student on the FAFSA or other correspondence. 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). Students must notify the Financial Aid Office immediately of any change in enrollment status, so that financial aid may be adjusted. Please be aware that the definition for half-time and full-time status is the same for summer as for fall and spring. 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. Exception: PELL-eligible undergraduates may be eligible for partial PELL grants even if enrolled less than half-time. Students who are registered for extended thesis or manuscript are not eligible for financial aid.
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.
All students have the right to appeal a financial aid ruling, or appeal for more aid than was awarded in the financial aid eligibility letter. We want to work with all students who are struggling financially to work with budgeting and where possible to identify additional sources of aid. All appeals must be made in writing to the Financial Aid Office.
Supporting documentation may be requested as necessary. The Financial Aid Office will review the appeal and notify students if the appeal has been approved or denied. If any changes are made to their financial aid eligibility, they will receive a revised financial aid eligibility letter. Decisions made regarding an appeal apply to the current academic year only.
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.
Conditions for Maintaining Satisfactory Academic Progress
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. 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.
Minimum Credit Hour Completion Rate (PACE)
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. The credit hour completion rate is calculated by dividing total earned credit hours by the total number of credit hours attempted.
Example: A student has attempted a total of 24 credit hours at NU (transfer credits included). In order to meet the minimum credit hour completion rate requirement and be eligible for financial aid for future semesters, the student must have earned 16 of those credit hours (24 x 67% = 16).
Minimum Cumulative Grade Point Average (GPA)
In order to receive federal financial aid or other need-based aid, a student’s cumulative grade point average (GPA) must meet the minimum requirement as defined below:
Maximum Time-Frame Requirement
Due to Federal regulations, students are allowed a maximum time frame of 150% of the number of credits needed to complete the degree or certificate program. This time frame is effective for all students, even those that have not previously received financial aid. Students who exceed the limit are no longer eligible for further aid. Reinstatement of eligibility requires the student to submit an appeal to determine aid eligibility.
Example: If an undergraduate degree program requires 120 semester credit hours to complete, then a student is eligible for financial aid during the first 180 attempted credit hours as an undergraduate (120 x 150% = 180 maximum attempted credit hours for financial aid eligibility).
Students who need additional time to complete their degree must complete a SAP Appeal. A letter regarding why the student has not completed the degree, an advisor/department chair letter explaining what classes remain, what terms they will be taken in, and the student’s expected graduation date must accompany the appeal.
Students who change their major, or add a dual major, will be evaluated in the same manner as all other students. All periods will count towards the maximum timeframe and cumulative GPA evaluation for SAP. For students who have a previously conferred degree, and are completing a second degree, no transfer credit will be accepted from the completed degree; therefore, the previous degree will be excluded from SAP evaluations.
The Effect of Incompletes, Withdrawal Grades, Repeated and Remedial Coursework
If a student receives an incomplete grade, that grade will count against the student’s PACE, until the grade has been updated. After the grade has been updated, PACE will be re-evaluated to determine if the student is now meeting SAP.
If a student withdraws from a class after the drop/add period, those credit hours for which the student earns a grade of “W” are counted as attempted, but not earned, credit hours. Therefore, withdrawing from classes after the drop/add period, without earning a passing letter grade, will negatively affect the student’s PACE.
A student may receive federal financial aid for a repeated failed course. Students may also receive aid for a repeated course that was previously passed (credit has been received, but taken again for a higher grade) only once. Every repeated course affects Satisfactory Academic Progress calculations; all repeated courses are counted as attempted credits.
Remedial courses are not offered, or accepted as transfer credit, at Naropa University. Remedial courses, therefore, are not applicable to a student’s SAP evaluation.
Failure to Meet Satisfactory Academic Progress
The financial aid SAP eligibility standard will be evaluated at the end of each term for financial aid applicants. If a student enrolls in coursework over the summer, SAP will be evaluated at the end of the summer term.
When a student fails to meet the eligibility standards for either completion rate and/or cumulative GPA, a “Warning” status is enforced. A notification of this status will be sent to the student’s official Naropa student email. This notice will detail the change of eligibility status and the potential impact it may have on future aid eligibility. If a student in “Warning” status fails to meet either completion rate or cumulative minimum standards for another term, the student becomes ineligible for aid.
Financial Aid Suspension
A student in “Warning” status who has failed to meet either the completion rate or cumulative minimum standards at the end of the next evaluation period will be placed on financial aid “Suspension” and will no longer be eligible for any federal, state or institutional aid until SAP eligibility standards are met.
Reinstatement of Aid Eligibility
Students may re-establish their eligibility for financial aid by improving their academic standing in the subsequent evaluation period, without receiving financial aid. If the student on “Suspension” meets Satisfactory Academic Progress standards the following term, the “Suspension” is replaced by a status of financial “Probation” and the student regains financial aid eligibility.
A student may appeal the suspension of financial aid eligibility. Students, who wish to appeal, must submit a narrative detailing the below items, and provide supporting documentation (if needed).
Students should submit the appeal narrative and all required documentation directly to the Office of Financial Aid (firstname.lastname@example.org). Appeals should be made in a timely manner.
A committee will review each appeal on an individual basis to determine what prevented the student from meeting satisfactory academic progress. The review will take into account prior appeals submitted; the thoroughness of documentation; student’s current cumulative GPA; student’s current completion rate; length of time until the student’s program is complete; resolution of all extenuating circumstances and an explanation of all semesters in which the student failed to meet standards.
Students are responsible for the completeness of their appeal. Appeal requests may be denied because the application is incomplete, there is not enough or adequate documentation to support the reason for the appeal, or the student fails to explain how the problem has been addressed.
A written notification of the decision will be sent to the student’s official Naropa email account, by the Office of Financial Aid. Successful appeals will allow a student to be placed on Financial Aid “Probation” status. The student must, if applicable, meet the probation status conditions outlined in the appeal decision. A Letter of Notification of Reinstatement of Financial Aid sent to the student will give the conditions and/or an academic plan the student must achieve per semester.
Financial Aid Probation Determinations
Students placed on financial aid probation will receive one of two probation determinations:
Financial Aid Probation
An approved appeal places the student on Financial Aid Probation. The probation period is one term only and the student MUST meet SAP standards at the conclusion of the probation term. Student’s progress will be reviewed at the conclusion of the assigned semester. Failure to meet requirements will result in immediate suspension of aid eligibility and future appeals may be denied.
Financial Aid Probation with Academic Plan
This probation is an approved appeal that requires students to not only meet SAP standards, but to also adhere to an approved academic plan with assistance from an academic advisor. Typically this plan will include reporting regularly to their academic advisor to discuss any problems that may be a hindrance to academic progress, seeking assistance in defining and implementing a plan to meet future educational goals, a limitation of 12 credit hour course load during the probation period, and signing a statement of understanding and agreement to comply to all stipulations.
For financial aid purposes, a student who has been reinstated to eligibility under an academic plan and is making progress under that plan is considered to be an eligible student. Students who withdraw without extenuating circumstances while on an academic plan will not be allowed to appeal until they have met all SAP requirements.
Denial of the appeal will mean the student is not eligible for financial aid benefits; however, a student may enroll in subsequent semesters at his/her own cost. Financial Aid eligibility may be reinstated once all satisfactory academic progress minimum standards are met.
If an appeal was denied students will only be able to appeal again after the successful
completion of at least one semester. Successful completion requires a passing grade
in the course(s) as required for the degree program or transfer credit. Successful
completion will not result in automatic reinstatement of eligibility as the entire
academic history will be taken into account when evaluating SAP. Sometimes two, three
or more semesters of successful completion are required to meet SAP or appeal standards.
In some cases, students may never regain eligibility at Naropa University.
Naropa University will not award aid to any student who is in default, who owes a refund, or who commits fraud.
Refunds of tuition and fee charges will be calculated based on the policy outlined
below. If a student withdraws from all classes, institutional aid (Naropa grants and
scholarships) and Colorado funded financial aid will be reduced in proportion to the
reduction of tuition according to the schedule below. For example, if tuition is reduced
by 50%, institutional and state aid will also be reduced by 50%. For the treatment
of federal financial aid, please refer to the "Return of Title IV Funds" policy below.
Federal, state, and institutional financial aid funds are awarded to a student based on the assumption that the student will attend school for the entire semester for which the aid is awarded.
According to federal law, the financial aid office must recalculate Title IV financial aid eligibility (R2T4 calculation) for a student who withdraws from all classes, drops out, is dismissed, or takes a leave of absence prior to completing more than 60% of a semester. The financial aid office will calculate the amounts of “earned” (can keep) and “unearned” (must return) aid. Funds are then returned, to the appropriate aid programs, within 45 days from the Date of Determination (the date the institution determined that the student withdrew).
All cash disbursed to the student, and any aid on your Bursar account, are considered an overpayment of financial aid, and must be returned.
The student's withdrawal date is the date the student began the withdrawal process by submitting the Withdrawal Request form or the Leave of Absence Request form to the Registrar's Office (first step of process). Forms are located in the “Student Forms” section of the MyNaropa student portal, or by clicking here.
If the student leaves without notifying the university, the withdrawal date will be defined as the midpoint of the semester or the last date the student can be documented, by Naropa University, to have participated in an academically related activity.
Title IV or federal aid is earned in a prorated manner on a per diem basis, up to and including, the 60% point in the semester. Title IV aid and all other aid is viewed as 100% earned after the 60% point.
If a student has “earned” funds, according to the Return of Title IV Funds calculation, that have not yet disbursed, the student may be due a Post Withdrawal Disbursement (PWD). All students who are eligible for a PWD will be notified in writing to their official Naropa student email address.
Naropa University may automatically use all, or a portion, of a student’s Post Withdrawal Disbursement of federal grant funds (Pell and SEOG) to cover remaining educationally related expenses. If there is a remainder of “earned” funds (credit balance), after the educational related expenses have been covered, the school will make a direct disbursement of these funds to the student within 14 days of the date the credit balance occurred.
If the Post Withdrawal Disbursement includes federal loans funds, Naropa University must receive permission from the student before it can disburse them. The student has 14 days from the date of the official PWD notification to accept/decline some, or all, of the loan funds. If a response is not received within this timeframe, the PWD loan disbursement will not be made.
If financial aid is received (other than College Work-Study) and the student terminates enrollment on or before 60% of the semester has elapsed, federal financial aid (Federal Direct loans, Perkins loans and Federal Pell and SEOG grants) must be returned according to the following schedule.
The school is responsible for returning any portion of the student's unearned aid that was applied toward the student's tuition and fees. This may create a bill for the student for any tuition and fees still owed after returning the necessary federal aid. The student is responsible for repaying any unearned federal aid the student received as a cash exchange check.
Kerry withdraws from Naropa on the 15th day of classes of the fall semester which consists of 103 days, total. Hence, Kerry completed 15 days/103 total days = 15% of the semester. Therefore, Kerry earned 15% of the Federal aid awarded. If Kerry received $4,000 in Federal aid, then the amount of earned aid is $4,000 x 15% = $600. Since $600 is earned aid, the remainder ($4,000 - $600) of $3,400 must be returned. Assume that institutional charges (tuition and fees) totaled $3,600 for the semester. The school is responsible for returning the lesser of:
The unearned Title IV disbursements ($3,400), or
The unearned percentage times institutional charges (85% x $3,600=$3,060)
In this case, the school returns $3,060 and the student returns $340 to the Federal Aid Programs. At Naropa, if the student withdraws anytime from the 8th through the 15th day of classes, they are entitled to an 80% reduction in tuition ($3600 x 80%), so tuition would be reduced to $720 ($3600 x 20%). Since Naropa originally applied $3600 of the student's Federal aid to the tuition, and then returned $3060 to the Federal Aid Programs, Naropa now has only $540 applied to Kerry's tuition. This means that Kerry owes Naropa $180 ($720-$540) towards tuition. If Kerry's federal aid consisted entirely of loans, then Kerry may return the $340 owed to the Federal government in accordance with the terms of the promissory note. Kerry will need to contact the bursar's office (email@example.com) to settle the outstanding tuition bill, however.
Once the amount of federal aid to be returned is determined, it will be returned in the following order: