Frequently Asked Questions
WHY STAY ENROLLED?
New Federal Regulations Regarding Dropping All Classes May Cost You!
New regulations may require students to repay federal financial aid funds if they drop or withdraw from all classes or are dropped from all classes by the instructor due to excessive absence. Based on the date of the complete withdrawal or drop, the Financial Aid Office is required to determine the amount, if any, of 'unearned' federal financial aid received by the student. The calculation will begin by calculating the percentage of the enrollment period completed by the student as follows:
Number of days completed
Total number of days in the semester
The result will equal the percentage of the enrollment period completed. If more than 60% of the semester has been completed, students are considered to have 'earned" all federal aid funds received and no repayment is required (Loan funds will be subject to regular repayment schedules). However, students who have completed 60% or less of the semester based on the withdrawal date may be subject to repayment of funds. Students should plan their enrollment carefully to avoid repayment of federal student aid funds.