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The Enrollment, Attendance and Withdrawal Policy – Enrollment and value of attendance proration

The Enrollment, Attendance and Withdrawal Policy – Enrollment and value of attendance proration

School funding withdrawal policy the site

Federal laws need SFA to execute a calculation for the return of federal educational funding whenever a financial aid receiver withdraws, is expelled or perhaps ceases to be always a pupil at SFA. The aid that is financial has thirty days through the student’s withdrawal date to do the calculation and 45 times to come back the right funds whenever relevant. The return quantity as a result of the federal school funding program(s) is determined on a per diem basis with a formula established by Federal laws. Put another way, we shall determine the portion of help you have actually made by dividing the amount of times you had been enrolled before withdrawal by the amount of times into the semester. The staying percentage of your help should be came back. Comes back have to be determined on any student who withdraws before 60% for the semester is finished. A typical example of the federal reimbursement formula can be obtained upon demand into the school funding workplace.

The returns is likely to be put on the aid that is financial in the following order: Federal Unsubsidized Stafford loans, Federal Subsidized Stafford loans, Perkins loans, PLUS loans, Pell grants, FSEOG funds as well as other name IV programs. Funds gone back towards the loan that is federal will certainly reduce the student’s loan stability along with their loan provider. The student will result in reimbursing SFA for just about any funds came back by the college with respect to the pupil. The pupil will soon be notified with this quantity by mail, and balances needs to be compensated into the Business workplace. Utilizing Department of Education guidance, the school funding workplace will likely not make modifications to a withdrawal calculation following the 30-day schedule.

That you plan to attend the Summer II term if you withdraw from the Summer I term (drop all courses Summer I), you must notify the Financial Aid Office in writing. Read More…