Failing or taking an incomplete grade in courses can impact your financial aid in multiple ways. The 3 main impacts may be owing money back for the current term, losing federal aid eligibility for future terms, and not meeting the renewal criteria for scholarships and institutional aid.

Do incomplete grades affect financial aid?

How do incomplete grades affect Satisfactory Academic Progress? ... You cannot receive federal aid for the following semester/session until all grades are complete and has been determined that you have made satisfactory academic progress. It is important to complete your incomplete coursework as soon as possible.

What happens to financial aid if you get an incomplete?

For Financial Aid purposes, passing grades are considered to be a grade of A-D and Credit. ... Incomplete (I) grades are not included in the GPA calculation and are considered a noncompletion of attempted coursework until the grade is replaced with a permanent grade and academic progress can be re-evaluated.