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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 student’s 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 student’s 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 student’s unearned financial aid.

Subtract the college’s repayment from the amount shown above (the college’s 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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