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If I am on Financial Aid suspension am I also suspended from receiving loans?

Only specific loans. Loans from certain banks (private loans) do not depend upon students making Financial Aid satisfactory academic progress (SAP). However, DL subsidized and unsubsidized loans are affected by a suspension status. If you’re placed on suspension, you are no longer eligible to receive financial aid, including loans. But that doesn’t have to be the end of the story, there are still options to appeal for you to regain eligibility.

Financial Aid