Financial Aid

 

Consequences of Withdrawal

Withdrawal from a class may cause a student to lose eligibility for Financial Aid. By dropping a single class, a student may also be placed on financial aid "Probation" or "Suspension."

FEDERAL AID RECIPIENTS must make satisfactory academic progress in order to retain federal financial aid. A full-time student (12 hours) must pass 21 hours in an academic year with the GPA required for graduation. Students on probation may need to pass more than 12 hours in a semester in order to meet the 21-hour requirement and stay off of financial aid suspension. In addition, the new "Return of Title IV Funds," policy established by Congress and implemented by the Department of Education require students to repay a portion of their Federal Funds until 60% of the semester is completed. Early withdrawal from all classes will result in a computation of the amount of money you owe the Federal Government from the Financial Aid funds you received. If you do not repay these funds in less than forty-five (45) days you will be suspended from all Federal Aid at all colleges and/or Universities until all of the funds (plus interest) are repaid.

DEFERMENTS – Students with previous federal loans may lose their eligibility for deferments and may be required to repay their loans immediately.

CHANGE OF GRADE LEVEL – If you have a federal loan and have borrowed the maximum amount for your grade level, you must pass enough hours to change grade levels (30, 60, 90 hours).

ACADEMIC SCHOLARSHIPS require students to complete a minimum of 12 hours each semester and usually a 2.5 GPA for the first semester and 3.0 each semester thereafter, excluding honors which is higher.

PERFORMING AWARDS such as football, theater, and band require student to be enrolled in 12 hours in order to participate in the sport or activity.

STUDENT HELP EMPLOYEES must be enrolled in 6 hours to continue working for the college during the academic year and 3 hours during the summer.

FEDERAL WORK-STUDY EMPLOYEES must be enrolled in 6 hours to continue working for the college during the academic year and 3 hours during the summer.

REVISION OF FINANCIAL AID AWARDS may occur if processing of financial aid is not complete at the time of withdrawal. For example, your Pell award may be reduced if you drop from full-time to ¾ time status.

REPAYMENT may be necessary if you receive funds that are in excess of your non-institutional costs as computed by the Business Office.

REFUNDS may occur because of your withdrawal. It should be noted that Federal regulations require funds to be returned to the financial aid account from which they came, before any refunds go to the student.

DELAYED DISBURSEMENT OF FINANCIAL AID PROCEEDS may occur due to the electronic editing of the processing of checks. The withdrawal may cause your check request to go to an error report instead of writing a check. This will take time to resolve.

"F"GRADE RECORDED for any class dropped after the mid-term of the semester.

12 SEMESTERS OF STUDENT ELIGIBILITY may occur and you will not be permitted to receive any FEDERAL funds after the 12th semester.

For further information concerning the consequences of withdrawal please contact the Financial Aid Office. Your eligibility for financial aid funds may be lost by your withdrawal. Be sure you understand the consequences of withdrawing or failing a class.

If you are totally withdrawing from all classes, you will automatically be placed on financial aid "SUSPENSION" if you have Federal financial aid. You may appeal the suspension by completing all of the necessary paperwork. Appeals applications may be obtained in the Financial Aid Office room 114 Hearnes Hall. If you are appealing on the grounds of medical or extenuating circumstances, you will need thorough documentation.

Click here for the Withdrawal Form.

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