Financial Aid Repayment

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 of instruction in any quarter, 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 for 2010-2011

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

Students are required to repay any funds they are ineligible to receive based on changes in enrollment, receipt of additional scholarships or stipends, or a reduction in the Cost of Attendance. Repayment of funds may be remitted to the University Cashier's Office.