Yes, Satisfactory Academic Progress applies to Distance Learning students. You should review the Standards of Satisfactory Academic Progress for Financial Aid.
The standards for every student are checked at the end of each term. Failure to meet the established standards may result in cancellation of your aid, even if you have been awarded for that term.
https://www.tcc.fl.edu/admissions/financial-aid/students/financial-aid-for-online-students/