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What is the difference between an I (incomplete) grade and an IP (in-progress) grade?

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What is the difference between an I (incomplete) grade and an IP (in-progress) grade?

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An incomplete grade must be completed within one academic year and requires the submission of an Incomplete-Grade Contract. An in-progress grade does not require an Incomplete-Grade Contract, and there is no time limit for you to submit a change-of-grade card.

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