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WHAT IF I DROP
CLASSES AFTER RECEIVING MY FINANCIAL AID?
If you withdraw
completely from classes during the College tuition and fee refund period
and a BOGF Waiver paid your fees, you will not receive a refund of the
fees paid by the BOGFW. If you do not receive a BOGF Waiver and your
financial aid was used to pay your tuition and fees, your refund will
be based on either the federal refund/repayment policy.
If your partially
drop classes during a term but do not completely withdraw, your financial
aid disbursement may be adjusted according the your level of enrollment.
A partial withdrawal could have an effect on your Satisfactory Academic
Progress, but will not usually require a repayment of funds.
Repayment
requirements:
In accordance with Public Law 105-244, students who receive federal
financial assistance and completely withdraw from all classes before
completing more than 60% of the semester will be required to return
any unearned federal funds. The amount of the repayment will be calculated
on a pro-rata basis of the number of calendar days in the term. FWS
earnings are excluded from the calculation. Pell Grant and FSEOG will
be included in the calculation.
A students
withdrawal date for the purpose of calculating repayment to a Title
IV fund will be:
- The date the
student provides notification in writing to the Admissions Office
that s/he intends to withdraw, or
- The midpoint
of the semester for students who do not officially withdraw, or
- The date posted
by the instructor indicating the students last date of attendance
in class.
The Financial Aid
Office will identify on a weekly basis through the 60% point in a term
all students who completely withdraw by one of the methods shown above.
Skyline College will return any funds due from the institution to the
program and will simultaneously notify the student of any funds s/he
must repay. If the student has not received unearned funds, s/he will
be notified of the availability of those funds. Determination of a repayment
will occur within a thirty-day period of the withdrawal. If a student
does not officially withdraw, the final grade reports will be used to
determine the withdrawal date.
How Is the Amount
of Title IV aid to be returned calculated?
® The percentage of Title IV aid earned (student may keep money)
is determined as follows:
Number of days student completed (divided by)=(equals) the percentage
of Title IV earned Number of calendar days in the term
Multiply the amount of Title IV funds paid (disbursed) by the percent
shown above. This is the amount of Title IV aid the student is entitled
to keep or earned.
If the earned amount
is greater than the amount the student has received, the student is
owed an additional disbursement. The student will be notified of the
amount that can be paid
If the earned amount
is less than the amount the student has received, a repayment of Title
IV funds is due.
The percentage of Title IV aid unearned (student must repay money) is
determined as follows:
Subtract the amount
of aid earned from the total financial aid paid = the amount of aid
to be returned or the students unearned financial aid.
Subtract the colleges
repayment from the amount shown above (the colleges unearned part
of the fees).
If the student received
a grant, 50% of the balance due will be subtracted from the debt. The
remaining amount due must be applied to repayment of the federal funds
from which financial aid was received.
The repayment will
be applied to Title IV funds in the following order:
Unsubsidized Stafford Loans
Subsidized Stafford Loans
Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Repayment will be
required within 30 days or by the last day of the term of the complete
withdrawal. Grant repayments will be reported to the Federal Government
immediately. If a student fails to repay the debt due, the student will
be reported to the Federal Debt Collection Center in Greenville, Texas.
Any student owing
a grant repayment will not be eligible for any federal financial aid
until the debt is repaid.
If you have questions about the repayment requirements, please contact
the Financial Aid Office at 650-738-4236 for more information about
the calculations or the consequences of complete withdrawal.
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