Withdrawing from classes may have serious consequences on your financial aid. Before considering withdrawing from the College, students should consider the following implications:
- What is the impact on financial aid for the current semester?
- What is the impact for future semesters?
- What are College policies for refunding tuition, or other charges?
Impact on Current Financial Aid
If a financial aid recipient withdraws during a semester, the Financial Aid Office must calculate the amount of financial aid the student did not earn. This is determined based on the number of days the student has attended for the semester. Unearned funds must be returned to the Department of Education, and in many cases, this will cause the student to owe a balance to the College. Federal regulations determine the order for which funds are returned to government aid programs. Loans are returned before grants. If a student withdraws before receiving a financial aid disbursement, under certain circumstances, the student may be eligible for a post-withdrawal disbursement. Once a student has completed more than 60% of the semester, the student has earned all financial aid for that semester.
Impact on Future Semesters
According to Satisfactory Academic Progress regulations, the college must keep track of the number of credits a student attempts versus the number of credits completed. Student who do not maintain at least a 67% completion rate are ineligible for aid for future semesters. All classes with a "W" grade are considered attempted credits.
If a student stops attending classes without completing the official withdrawal process, the student is considered an unofficial withdrawal. At the end of each semester, the Financial Aid Office receives notifications of students who received non-attendance grades in each of their classes. These students will be considered to have attended only 50% of the semester, and financial aid will be adjusted accordingly.