Financial Aid Rules
For Students who receive Aid & Drop all their Classes
If you get a GRANT and then WITHDRAW from all your classes, you may OWE money back to the federal program.
A student’s withdrawal date for the purpose of calculating repayment will be:
The Financial Aid Office will identify on a weekly basis through the 60% point in the semester all students who completely withdraw. According to the day you withdraw, the Financial Aid Office will calculate the part of the grant “earned” and the part of the grant that was “unearned”. The Financial Aid Office will then calculate the amount of aid owed back according to the Federal Regulations.
NOTE: If students withdraw after they have earned 60% of their grant, they do not owe any repayment.
Students will be billed for the amount of Federal Aid they are required to repay. If a student fails to repay the debt due, the student will be reported to the Department of Education. Students owing a grant repayment are not eligible for any federal financial aid until the debt is repaid. This includes all schools.
If you receive LOAN money and withdraw, you will pay back the money according to the normal rules of the loan program.
If you receive College WORK Study funds and withdraw, you do not owe anything back. You always get to keep salary you have earned.
Students thinking of withdrawing or just leaving should first visit the Financial Aid Office to discuss their academic or personal reasons for leaving.
Students may want to consider staying and taking fewer courses, or utilizing support services (like tutoring, or personal support). Students should also talk to an academic counselor and see what advice and help they can provide