If
you are considering withdrawing from the
university, please contact our office.
This is especially important if you are
receiving financial aid funding.
Federal Student Aid (FSA) funds are
awarded to students under the assumption
that the student will attend school for
the entire period of enrollment. When a
student withdraws or drops from all
classes, the student may no longer be
eligible for the full amount of FSA
funds that was originally awarded. Title
IV Regulations state that
a "return calculation" (using a Federal
formula) must be made to determine the
amount of aid the student has earned,
according to days enrolled. This
calculation is performed when students
drop or withdraw prior to completion of
60% of the semester, or the ninth week.
The institution will be required to
return to the Federal Aid Program the
amount of aid that was in excess of the
aid "earned" for the time period the
student was enrolled. As a result of
this process, you may owe the College a
balance.
Students should consult a Financial Aid
Counselor before dropping or withdrawing
from classes to receive an estimated
calculation of the tuition and aid
adjustments.
