Financial
Aid
Dropping and withdrawing from classes
Initial
financial aid awards are determined on the assumption
of full-time (12 credit hours) attendance unless SFA is
notified by the student of planned enrollment below full-time.
If the student's enrollment status is different than his
or her assumed or planned enrollment status, the student's
financial aid for the enrollment period will be adjusted
in accordance with federal, state or University requirements.
If
a student is unable to begin a class or must withdraw,
it is the student's responsibility to notify the University
promptly and complete all official withdrawal procedures
(see Withdrawal
from the University and Grading
policies). When the University becomes aware that
a student has unofficially or officially dropped a class
or withdrawn from all classes, the University is obligated
to determine if any financial aid adjustments are required.
Federal
law specifies how BGSU must determine the amount of federal
program assistance that students earn if they withdraw.
When a student withdraws during a semester or stops participating,
the law requires SFA to use the Title IV Return of Funds
calculation to determine the amount of financial aid the
student has earned up to the withdrawal date. The amount
of aid that is earned is determined on a pro-rata basis.
The amount of financial aid that is unearned is returned
to its respective program. This could result in the student
having to return all or a portion of the financial aid
funds provided to him or her.
Additional
information regarding the Title IV Return of Funds policy,
the calculation used to determine the amount of earned
and unearned federal aid, and examples of financial aid
award adjustments the University must make when a student
withdraws is available from SFA and on SFA's web site.
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