How Dropping or Withdrawing Affects Your Financial Aid
Tips to Manage Your Financial Aid
- Plan Ahead: Minimize your financial risk by selecting classes carefully, balancing your most difficult classes against your other courses and family and work demands.
- Understand the Rules for Your Award: Review financial aid policies to understand what is expected of you to maintain your eligibility and keep your financial aid.
- Know the Consequences: Be sure that you understand what will happen if you drop, withdraw, or fail to complete your classes. A financial aid counselor can help determine your financial liability.
- Consider Your Options Before You Drop or Withdraw: Talk to the faculty member teaching your class to see if there is anything you can do to complete the class. Make sure you have explored all options for assistance.
Types of Aid and Enrollment
Federal student financial aid is awarded under the assumption you will be enrolled full-time for the semester. Any time you change your enrollment, SU’s Financial Aid Office must review your record and recalculate your aid. Federal (Title IV) aid includes the following programs:
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant (SEOG)
- Subsidized Direct Stafford Loans
- Unsubsidized Direct Stafford Loans
- Federal Perkins Loans
- Federal Direct PLUS Loans
Enrollment changes can also affect your Satisfactory Academic Progress, which ultimately affects your aid eligibility. Learn more about Satisfactory Academic Progress.
How Enrollment Changes Affect Your Aid
- If you drop or withdraw from classes (officially or unofficially-drop out), you may jeopardize future eligibility for student aid (including loans). Learn more about drop and withdrawal.
- If your enrollment drops below half-time, your financial aid awards may be adjusted, and the grace period before repayment of loans will begin.
- If you withdraw (officially or unofficially-drop out) and didn’t complete 60 percent of the semester, you may have to repay financial aid according to the Return of Title IV Funds policy.
* * *