Financial aid is based on attendance for the entire semester. If you drop ALL of your classes before 60% of the semester, the law specifies how a school must determine the amount of federal aid (including loans) that you “earned”. If you drop ALL your classes before November 2, 2014 for the Fall term, or April 6, 2015 for the Spring term, your aid will be “pro-rated” based on the last date of academic activity.
You must meet Satisfactory Academic Progress standards. Students on Dismissal or Time Frame Dismissal are not eligible for loans. Students on Warning will have additional requirements to complete before their second loan payment can be disbursed.
Posted in: Loan FAQs