Financial Aid Repayment Policy

Financial Aid Repayment Policy

Federal financial aid regulation states that if you withdraw from all of your classes or cease enrollment prior to the 60 percent point of instruction in any term, you will be required to repay all unearned financial aid funds received.  A calculation will be performed to determine the repayment amount. Students who withdraw from all classes on or before the dates listed below, will have their aid eligibility recalculated.

60% Percent Points

Summer 2013 August 8, 2013
Fall 2013 November 12, 2013
Winter 2014 February 19, 2014
Spring 2014 May 15, 2014
Summer 2012 August 9, 2012
Fall 2012 November 6, 2012
Winter 2013 February 20, 2013
Spring 2013 May 16, 2013

In addition, you might also be required to repay financial aid funds if there are changes in your eligibility status such as:

  • reduction in units enrolled
  • receipt of additional scholarships, stipends or other awards
  • reduction in Cost of Attendance budget

The disbursement of federal and state grants and the Federal Perkins Loan funds are based on enrollment. These funds are subject to adjustment/reduction if:

  • a student is enrolled less than full-time (12 units) at the time of disbursement
  • a student “drops” to less than 12 units after initial disbursement has been issued

Repayment of funds may be remitted to the University Cashier's Office.