Federal aid recipients who withdraw or are dropped from all classes are subject to Return of Title IV funds regulations. Students who withdraw or are dropped from all classes prior to completing more than 60% of the semester are subject to these rules. Based on the date of the withdrawal or drop, the Financial Aid Office will determine the amount, if any, of “unearned” federal financial aid received by the student. According to the date of withdraw, the Financial Aid Office will calculate what is owed by the student. If the withdrawal was after completing more than 60% of the semester, the student will not owe any repayment.
Planning to withdraw from classes or drop out of school? Please think again. Consider discussing the decision with a counselor. However, if a student must leave, they need to begin with the Admissions and Records Office. Then, you must notify the Financial Aid Office to avoid any possible penalties or delays that could affect future aid.