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You may receive PELL and other forms of federal aid for repeating a course that you previously failed, even if you have to repeat that course more than once.
If you are repeating a course that you previously passed, you may receive federal student aid funding for a one-time repeat of that course, whether or not you are repeating the course under the college's Forgiveness Policy.
Always remember that repeating a course may limit your ability to meet the Satisfactory Academic Performance Standard for receipt of federal student aid.