How Does Withdrawing Affect my Financial Aid?
In general, withdrawals have a negative impact on your eligibility to receive and to continue receiving financial aid. If you think you need to withdraw from a class, you should first speak with your instructor and academic advisor. Decisions related to your academic program should not be based solely on financial considerations and an advisor can perhaps lead you to a better solution that doesn’t require you to withdraw.
If you withdraw from all courses in a semester, you may have to repay a portion of your Pell or state grants.
- Students must complete 60% of a semester to earn the full Pell grant. Students must complete 35% of a semester to earn the full amount of state aid.
- If you completely withdraw, we will calculate the percentage of financial aid you earned and the amount of financial aid you must repay.
- You will be sent a letter informing you of how much financial aid you owe back. You will have 45 days to pay the debt.
- A hold will be placed on your academic record which means you will not be allowed to register for future semesters until your debt is paid in full.
- If you do not repay your Pell to the school, it will be reported to the Department of Education and you will not be eligible to receive any further Federal Student Aid until the debt is paid in full.
Satisfactory Academic Progress
Students are required to maintain Satisfactory Academic Progress (SAP) in order to be eligible for financial aid. This is measured in the following ways:
- Students must complete 67% of the courses they enroll in. When you withdraw or fail a class, you are not completing it. Therefore, it calculates your cumulative completion rate negatively.
- Students must maintain a 2.0 cumulative GPA.
- Financial Aid will only cover 30 attempted credit hours of pre-curriculum courses. If you withdraw from pre-curriculum classes, you are still using up those 30 hours.
If a student is not meeting Satisfactory Academic Progress standards, he/she will be placed on financial aid warning status for his/her next semester of enrollment. If a student does not meet SAP after the warning semester, his/her financial aid will be suspended.
Please see the Satisfactory Academic Progress Policy for a more detailed description: