The Maximum Timeframe for financial aid eligibility is defined as what percentage of a program's published length?

The Maximum Timeframe for financial aid eligibility is defined as 150% of a program's published length. This means that students can receive federal financial aid for a duration of time equivalent to one and a half times the standard length of their academic program. For example, if a program is designed to be completed in four years, a student would be eligible for financial aid for up to six years. This regulation is intended to encourage students to complete their programs while ensuring they do not exceed an excessive amount of time, which could lead to prolonged financial aid dependency and increased student debt. It sets a clear guideline for both students and institutions regarding the limits of funded study periods.