I
am thinking about withdrawing. How will that affect my
financial aid?
In order for a student to be making progress toward graduation, they must complete
67% of the courses attempted. In addition to students meeting the completion
rate requirement, any student whose cumulative grade point average falls below
2.0 will be placed on financial aid probation or may become ineligible to receive
financial aid. The Financial Aid Office monitors students' academic progress
and students will be evaluated at the end of each semester, UNLESS the student
experiences academic problems such as Academic Probation, Academic Exclusion,
withdrawal from all courses, and so on. All financial aid will be cancelled once
it is determined that the student is not meeting the standards of satisfactory academic progress
(SAP).
Attempted
Credit hours
*Cumulative GPA =CGPA
| Between
End |
Minimum
*CGPA |
| 6 to 29 |
1.50 |
| 30 to
90 |
2.00 |
How is my financial aid affected when I withdraw or stop attending classes?
The Title IV Financial Aid you receive from the federal government is for your use while you are a student. Federal law states that if you stop being a student for any reason before completing 60% of the semester, the government requires the “unearned” portion of that money repaid immediately
The amount that you have to pay back is based on the timing of your withdrawal. The longer that you are enrolled as a student, the more money you are entitled to keep. Depending upon when the withdrawal takes place, the amount of money you have to repay could be significant.
If you unofficially withdraw (stop attending classes without completing a withdrawal form), you will also be subject to have to repay funds. The amount of aid to be returned will be based on your last documented day of attendance at one of your scheduled classes.
How
do withdrawals affect Students' Academic Progress?
A withdrawal is considered as an attempt. All attempts are
counted when determining a student's academic progress.
PLEASE BE ADVISED: Students who
have term hours DROPPED, is still responsible for any debit balance
resulting from dropped hours and financial aid refund received. It
is the student's responsibility to be familiar with SAP and monitor
his or her own progress each semester to protect financial aid eligibility.
****(A DROP is not the same as a WITHDRAWAL. A Drop removes courses
from the student's records.)****
.
