What happens if I withdraw from some or all of my classes?
If your invoice is paid using financial aid, and it is necessary to officially withdraw from all classes, please see the "Refund/Repayment Policy" below.
If you withdraw from some but not all of your courses, your aid could be affected as follows:
The first and most important thing to consider before dropping classes is how it will affect you academically. You should meet with your advisor to consider all implications of dropping a course.
Financial Implications (Student Accounts)
If you are receiving financial aid, you will be reviewed for Standards of Satisfactory Academic Progress (SAP). If you drop below half time, you can no longer work as a Federal Work-Study student. In addition, you may be subject to the Refund/Repayment Policy.
Scholarships have credit hour requirements. If you drop below the required hours, the refund is repaid to the scholarship.
Federal Pell Grant
The Pell Grant will be adjusted for any change in enrollment that occurs on or prior to the 15th day of the semester. Pell will also be adjusted for any class withdrawn from that has not yet begun. Withdrawing from a class in the fall may keep you from academically progressing, which could make you ineligible for a Pell Grant in the spring.
Ohio College Opportunity Grant (OCOG)
OCOG will be adjusted for any change in enrollment that occurs on or prior to the 15th day of the semester. If credit hours are reduced after the 15th, day and the university is in a refund period, the grant will be pro-rated.
Additional Loan Concerns
Dropping classes may have an impact on your student loans! Student loans, including Nursing Student Loan, Federal Direct Subsidized Loan and Federal Direct Unsubsidized Loan, will stay in deferment status as long you continue to attend school at least half time. If you drop below half-time for longer than six months (Federal Direct) or nine months (Nursing), the repayment period will start. In addition, student loans currently being disbursed may be cancelled and returned to the lender if you drop below half time. For example, if your loan is for two semesters, the second semester portion may be cancelled, reduced or returned. (Half-time enrollment is six credits for undergraduate students and five credits for graduate/professional students.)
This refund policy is used to determine the amount of federal student aid that must be returned (refunded) to the appropriate aid programs and should not be confused with the published University refund policy.
When a student withdraws from all classes prior to completing 60 percent of the period/semester for which federal aid was provided, the following refund policy will apply.
A student earns their federal aid on a pro-rated basis, and is not considered to have earned 100% until they attend past the 60% point of the period/semester.
The refund/repayment policy is a pro-ration of earned versus unearned financial aid. The earned financial aid percentage is determined by dividing the days attended in the period by the total days in the period (i.e., student withdraws on the 5th day of the semester which has 110 days in its period, 5/110 = 5 percent earned). Subtracting earned aid from aid what was awarded and disbursed gives you the amount of unearned aid that must be returned. The responsibility to repay unearned aid is shared by the institution and the student in proportion to the aid each is assumed to possess. The student may be billed from The University of Akron for any account balance created when the college is required to return funds. The balance due would be the result of tuition charges that are no longer being covered by the unearned aid or unearned aid that the student received in an excess aid check. The calculation must be performed within 30 days from the student's withdraw. A school must always return any unearned Title IV funds it is responsible for returning within 45 days of the date the school determined the student withdrew.
Under the refund/repayment policy, the programs are reimbursed in the following order:
- Federal Direct Unsubsidized Loan
- Federal Direct Subsidized Loan
- PLUS Loan
- Grad PLUS Loan
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant
- TEACH Grant
State aid will be refunded based on the published University refund policy.
Withdrawal dates are determined in one of the following ways, depending on the situation:
- The date the withdrawal form is processed by the Office of the Registrar.
- The date the student is officially dismissed from the College.
- The last date of documented academic attendance.
- For a student in a non-term or nonstandard term program, the student is not scheduled to begin another course within a payment period or period of enrollment for more than 45 calendar days after the end of the module/mini-course the student ceased attending.
- In case of unofficial withdrawals or persons receiving all "non-passing" grades, it is the mid-point of the period of enrollment or last date of documented academic attendance.
A post-withdrawal disbursement
Post-withdrawals are not very common and usually happen when the loan has been guaranteed, but did not arrive at the school prior to withdraw or for awarded grants that could have been disbursed. The Office of Student Financial Aid and Student Employment sends a letter or email to the student to notify them of their qualification for a post-withdrawal disbursement. The student qualifies if their earned aid if more than the amount disbursed to them. The student has 14 days from the date of the letter to accept or decline the post-withdrawal disbursement. In the event the Office of Student Financial Aid and Student Employment does not receive a response from the student within the time limitation set, the post-withdrawal is forfeited. A school must offer any post-withdrawal disbursement of loan funds within 30 days of the date the school determined the student withdrew and return any unearned funds and make a post-withdrawal disbursement of grant funds within 45 days of that date. The Office of Student Financial Aid and Student Employment recognizes if a student withdraws and is entitled to a post-withdrawal disbursement it will be applied to charges still owed to the University, and any excess will be refunded to the student.
Once the student has attended past 60 percent of the period/semester, all financial assistance is considered earned, although successful completion of coursework is required to maintain satisfactory academic progress.