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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.
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