Policies Affecting Financial Aid Eligibility
If you withdraw from, or fail to participate in your courses before you complete at least 60 percent of the term, your financial aid eligibility must be recalculated. Your recalculated aid will be based on the percentage of time you completed in the term. For example, if you complete only 20 percent of the term, 80 percent of your federal aid must be returned to the federal government.
The Return of Title IV Aid recalculation will be applied to all federal
aid recipients who withdraw from, or stop participating in all of their courses
prior to Oct. 29, 2012 in the Fall term, and March 25, 2013 in
the Spring term (these dates are for Part of Term 1 courses only).
It should be noted, that if you stop participating in classes after the end of the college's refund period, you are liable for all of your tuition and fees, even if your financial aid is decreased. If your financial aid previously covered your bill, but no longer covers it after the Return of Title IV Aid recalculation, you will be expected to pay your outstanding tuition and fees. Further, if you receive a disbursement of your financial aid, and the Return of Title IV Aid recalculation shows that you were not entitled to the funds, you will be billed for the funds, and the overpayment information will be forwarded to the U.S. Department of Education. It will be your responsibility to repay the funds before you are eligible to receive any further federal student aid, even if you attend another college. This overpayment will appear on your Student Aid Report (SAR) until your overpayment is repaid.
See a complete listing of Policies Affecting Financial Aid Eligibility in the college catalog.