Ceasing enrollment and Return of Federal Financial Aid Policy

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If a student withdraws from ALL classes after the end of the add/drop period but before the last day to drop without academic penalty or ceases enrollment and is receiving any type of federal aid, such as, PELL or SEOG,  or state aid such as COMA, VGAP or PTAP, a portion of their eligibility would need to be returned.  The later students wait to withdraw, the less students might owe.  They should stick with it as long as possible.

Federal law requires us to return part of the student’s financial aid if they withdraw from ALL classes after the end of the add/drop period but before the last day to drop without a academic penalty or the students ceases enrollment .  Students will have to repay part of their financial aid that is deemed “unearned” by the U.S. Department of Education.  The specified percentage of funds that students are financially liable to return is based on their last date of attendance for that particular semester.  If a student does not repay the portion of financial aid funds for which they are responsible then that student will be reported to the federal government, thus becoming ineligible for future financial assistance at any college or university in the United States.

Any student with financial aid should discuss their case with a financial aid representative BEFORE they withdraw.  It is important to remember that every case is different because each student’s situation is based on several factors (i.e. the type and amount of federal aid received, the last date of attendance, tuition, fees, and/or book charges).