What happens if I withdraw from the University? If you received financial aid and withdraw from all of your classes within the first 60% of the term, we must recalculate your financial aid eligibility according to a federally prescribed formula. Since funds are awarded based on your attending the entire term, we must recalculate your award based on the actual number of days you attended. The calculation will determine if you received funds for which you are NOT eligible or if you are eligible for a post withdrawal disbursement. The Center for Student Financial Aid encourages students
to consult with a Financial Aid Advisor before they
actually withdraw. The advisor will explain the Return
to Title IV Policy and how it will affect the student. |
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What is the withdrawal process? The University’s official withdrawal procedures
can be found in the Schedule of Classes. Upon completion
of the withdrawal process on GET, or submission of the
Drop Request Form to the Registrars Office, all students
should apply for a registration refund with the Disbursement
Office. If you are receiving financial aid and qualify
for the refund, the monies will be returned to the appropriate
financial aid program. |
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What happens next? The Center for Student Financial Aid calculates the amount of federal funds earned based on the number of days the student attended. (Students who drop after 60% point of the term are considered to have earned 100% of the funds that have been disbursed for the quarter). Any unearned portion of financial aid that was disbursed to the student must be repaid to the university. The unearned amount may include institutional charges (tuition & fees, housing, etc.) and monies disbursed to the student. We must recalculate your eligibility according to federal regulations for the aid you have received if you withdraw from all your classes within the first 60% of the term (on or before the following dates):
The Return of Title IV Policy will affect you if you are receiving the following Federal financial aid programs:
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What is the recalculation process? The first step is to determine the date you began the withdrawal process. Based on available information, we use the earliest date, which is established as described above. Based on the date you began the withdrawal process
we then determine the percentage of the semester you
attended. This percentage is then applied to the aid
disbursed or that could have been disbursed to determine
the amount you earned. If the amount disbursed to you
is less than the amount you earned, we will notify you
of your eligibility and give you the opportunity to
receive that aid. If the amount disbursed to you is
greater than the amount you earned, then unearned funds
have to be returned.
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What is the repayment process? Students who owe a repayment are encouraged to immediately
pay the amount in full to the Cashier’s Office.
The Cashier’s Office will credit the funds to
the appropriate account. However, if the student is
unable to repay the amount in full, they may sign a
repayment contract with the Student Loan and Collections
Office, ADM 140A. The contract will allow the student
to repay in monthly installments. |
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Unofficial withdrawal If the student does not complete the official withdrawal
process, the Center for Student Financial Aid will use
the best available information to determine the date
of withdrawal to process the Return to Title IV calculation. |
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Post-withdrawal payment A post-withdrawal calculation is performed to determine
the portion of earned aid that the student was entitled
to prior to withdrawing. Any outstanding institutional
charges will be deducted from the post-withdrawal disbursement.
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