Students should ALWAYS contact the Financial Aid Office BEFORE changing their schedule (adding or dropping classes) to determine how changes will impact their costs and financial aid.
Financial aid is based on attendance for the entire semester. If you drop ALL of your classes before 60% of the semester is complete, federal regulations require schools to recalculate your financial aid eligibility (including student loans) to determine how much was “earned”. Based on the last date of academic activity or participation, your financial aid will be adjusted accordingly, which may mean repaying some or all of your financial aid.
In addition, students are expected to complete 67% of their attempted coursework (see Satisfactory Academic Progress). Withdrawing from coursework may negatively impact your eligibility to continue receiving financial aid in the future.