Withdrawing from Classes
Federal law requires that you pay back money if you withdraw from school.
- If you get a grant and then withdraw from ALL your classes before completing 60% of the term you enrolled in, you will OWE money back to the federal program.
- According to the day you withdraw, the Financial Aid Office will calculate how much of the grant you have “earned.” NOTE: If you withdraw after completing 60% of the term, you do not owe any repayment.
- If you receive LOAN money and withdraw, you will pay back the money according to the normal rules of the loan program.
If you are thinking of withdrawing or just leaving, please think again.
- See a counselor and discuss your academic or personal reasons for leaving. Perhaps you can stay but take fewer courses.
- Inquire about services (like tutoring or personal support) that will help you stay in school.
- Talk to your professors. See what advice and help they can offer.
Don’t leave unless you must. But if you make the decision to leave, take care of business before you go.
- Begin the withdrawal process at the Admissions and Records Office.
- Notify the IVC Financial Aid Office as soon as you withdraw.
- You will be notified in writing regarding how much you owe and your repayment options.
- Please contact the Financial Aid Office. It is important to take care of the details before you go. If you do not repay any money you owe, the Financial Aid Office will have to put a national HOLD on your student aid eligibility.
Return to Title IV
Federal aid recipients who withdraw or are dropped from all classes by the instructor are subject to new regulations regarding the return of Title IV funds. If you withdraw or are dropped from all your classes prior to completing more than 60% of the enrollment period, you are subject to these rules. Based on the date of the complete withdrawal or drop, the Financial Aid Office will determine the amount, if any, of "unearned" federal financial aid you have received. The calculation will begin by determining the percentage of the enrollment period completed by you as follows:
Number of days completed
Total number of days in the semester
The result will equal the percentage of the enrollment period completed. The amount of federal financial aid that was paid or could have been paid to you will be based on this percentage. If you received more financial aid than the amount earned, you will be billed for the overpayment. If you receive financial aid, be sure to: (1) avoid total withdrawal from all classes; (2) successfully complete at least one class during the semester; and (3) repay any "unearned" funds as soon as possible to regain eligibility for financial aid.
If you receive financial aid and need to withdraw from all your classes, contact the Admissions and Records Office and the Financial Aid Office as soon as possible. You are strongly encouraged to discuss alternatives to withdrawing from a class or classes with your instructor(s) or a counselor before making a final decision.
Title IV funds are awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded.