How Withdrawing Affects Aid
A financial aid recipient who withdraws from the university may be required to have all, some, or none of that semester's financial aid returned to the various aid programs. The type of aid and the date of the withdrawal determine the amount of aid that must be returned. Students who plan to return to the university and apply for aid for subsequent semesters may not be eligible for aid since they will not have met the satisfactory financial aid progress requirements. Progress is measured based on enrollment at the end of Drop/Add.
Students are encouraged to talk to the Financial Aid Office staff about the impact withdrawing will have on current and future aid eligibility.
Withdrawal from Institution
A student must provide official notification of his or her intent to withdraw from the university in accordance with the university's withdrawal policy. When a student withdraws, the student may no longer be eligible for the full amount of funds the student was originally scheduled to receive. Aid recipients who withdraw from the university must have all of their aid reevaluated.
Withdrawal After Drop/Add
If the student withdraws after the 100 percent refund period, but prior to or equal to 60 percent of the number of days in the semester (not including breaks of five days or more), the percentage of Title IV (Federal) aid returned is the lesser of either the student's unearned aid or unearned charges for the semester. Federal regulations dictate the distribution order funds must be returned. See distribution order below:
- Unsubsidized Stafford Loan
- Subsidized Stafford Loan
- Perkins Loan
- PLUS Loan
- Pell Grant
- SEOG (Supplemental Education Opportunity Grant)
- Other Title IV programs