Withdrawing from the University is an academic issue; however, it is your responsibility to understand the financial implications of this decision.
Withdrawing from the University may jeopardize future student aid eligibility, including grant, scholarship & student loan programs. Students who withdraw and have received federal Title IV financial aid will be required to repay to the federal program the amount of unearned financial aid funds disbursed to them as of their withdrawal date.
Title IV programs include:
Federal Pell Grants, Academic Competitiveness Grants, National SMART Grants, Federal Supplemental Educational Opportunity Grants (FSEOG), TEACH Grants, Federal Perkins Loans, Subsidized Loans, Unsubsidized Loans, Parent PLUS Loans, and Graduate PLUS Loans.
The unearned amount of federal Title IV funds are calculated based on the percentage of the semester completed before the date of withdrawal.
Both the University and students are required to return unearned Title IV financial aid to the federal government. The University is required to return the unearned portion of the Title IV funds it received from withdrawing students which were used to pay institutional charges such as tuition, fees, housing and other educationally-related expenses assessed by the institution.
If funds are returned to the federal government by the University, those amounts will be credited against the student's total liability of unearned funds. Students will owe the university the amount returned to the federal government for institutional charges and must repay the unearned Title IV funds to any Title IV loan program in accordance with the terms of the loan.
Charges owed to the University can be paid in full or through a payment plan with Student Business Services. However, entering into a payment plan does not mean the student is eligible to register for additional classes or receive a transcript, etc.
For more information please visit Dean of Students - Withdrawal Services.