Dropping Classes
A student’s final eligibility for aid will be based on the number of hours for which he/she is enrolled on the Official Day of Record, as listed in the class schedule. If a student registers for, and then drops a class (or classes) prior to the Official Day of Record, the student’s eligibility for aid will be recalculated based on the hour remaining as of the Official Day of Record. Since financial aid is released prior to the Official Day of Record, students who receive a financial aid payment based on more hours than those remaining as of the Official Day of Record may be responsible for repaying a portion of any financial aid received. Dropping classes may affect a student’s eligibility for future aid. Students should consult the Satisfactory Academic Progress Policy, or the Office of Financial Aid to determine if dropping classes will affect their eligibility for future aid.
Total Withdrawal from School
If a student registers and then completely withdraws from all classes, their eligibility for aid will be recalculated based on the number of day he/she attended class. If a student totally withdraws from all classes prior to the first class day, all financial aid will be canceled and no funds will be disbursed. If a student withdraws on or after the first class day, the student may have to repay a portion of any cash financial aid received. See Return of Title IV Funds below. Withdrawal from classes may affect a students eligibility for future aid. Students should consult the Satisfactory Academic Progress Policy, or the Office of Financial Aid to determine if dropping classes will affect their eligibility for future aid.
Return of Title IV Funds
The Higher Education Reconciliation Act of 2005 changed the formula for calculating the amount of aid a student and school can retain when the student totally withdraws from all classes. Students who withdraw from all classes prior to completing 60% of the semester will have their eligibility for aid recalculated based on the percentage of the semester completed. The Office of Financial Aid encourages students to read a complete copy of this policy carefully. Student’s considering withdrawal from all classes PRIOR to completing 60% of the semester, should contact the Office of Financial Aid to see how that withdrawal may affect their financial aid.