Recalculation of Eligibility for Aid in the
Case of Student Withdrawels

Recalculation of Eligibility for Aid in the Case of Student Withdrawals

If a student drops before 60 percent of the semester has been completed, a portion of the Federal aid received may need to be returned to the government, Thus, it may be the case that it was expected that financial aid would cover the full costs of education, but that because of the student’s drop status, a portion of the funds must be returned. Moreover, because of the recalculation of the student’s eligibility for aid, the student may owe the school additional tuition, fees, and books and supplies amounts. The student may also owe funds back directly to the government, if he/she received funds for living costs.

For example, if the student dropped after four weeks, the school would have earned 70% of his/her semester’s tuition, but the government would only consider you as eligible for 26% of the aid you would have received had you completed the semester. This would mean that you would be responsible for paying the Academy the difference.