You may remove one or two semesters of credit hours from your undergraduate degree consideration by applying to Registration and Records, 107 Canfield Administration Building, after completing either fifteen simultaneous or sequential semester hours with at least a 3.0 grade point average or thirty hours with at least a 2.5 GPA at UNK, UNL, UNMC, or UNO following the semester or semesters you wish to remove but before receiving a baccalaureate degree from UNL. In order to exercise this option, you must:
1. Discuss the desire to bankrupt a semester with your academic adviser.
2. If you qualify, complete an “Academic Bankruptcy Form” at Registration and Records, 107 Canfield Administration Building, and ask your adviser to sign the form.
3. Registration and Records may request an interview before authorizing the bankrupting of a semester.
4. Registration and Records will issue a written response to inform the student of the application results.
In order to declare a semester bankrupt, certain conditions must be understood:
1. All courses taken during the semester are bankrupt. This includes credit hours and grades.
2. The bankrupt semester is removed from consideration for GPA purposes and the bankrupt credit is not used for degree requirements. The semester listing of courses and grades remain evident on your academic record, but are marked “Approved for Academic Bankruptcy”. The academic record is used to issue official transcripts.
3. Since “P” and “N” grades do not have numerical equivalents, they may not be used to meet bankruptcy requirements.
4. The request for bankruptcy must be submitted prior to receiving a baccalaureate degree from UNL.
5. Academic bankruptcy does not forgive semesters in the satisfactory academic progress calculations for financial aid recipients.
6. Academic bankruptcy applies to baccalaureate degree programs only.
7. College Independent Study courses via Extended Education and Outreach are not included in computing qualifying GPA; therefore, may not be used to meet bankruptcy requirements.
REMEMBER: You need to pick up a Bankruptcy Form in 107 Canfield Administration Building.
