Withdrawing and Financial Aid Eligibility (2024)

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Circ*mstances may necessitate withdrawing completelyfrom Brooklyn College for a semester in which you are already registered. Withdrawing from all courses impacts your financial aid differently depending on when the withdrawal is initiated and the type of financial aid you received. However, in all cases, your financial aid must be recalculated.

Official Withdrawal

Depending upon the date of withdrawal, one of the following situations will apply:

  • If the semester has not yet begun and you drop or cancel your registration, no financial aid will transmit to your account. However, failure to cancel your registration and failure to attend classes will result in the cancellation of your financial aid and you will be responsible for tuition charges.
  • If you drop all classes prior to the first day to officially withdraw (college calendar), you will be billed for tuition charges for that semester (see tuition liability schedule).
  • If you officially process a withdrawal form before the 60-percent pointof the semester has lapsed, the Office of Financial Aidwill recalculate your Title IV aid based on the Federal Return of Title IV Formula. You will be responsible for any balance due to the college.
  • If you officially process a withdrawal formafter the 60-percent point of the semester, you will not be required to return any Title IV aid you received for the semester up to the point of withdrawal.

Stafford Loans will be subject to a return to Title IV calculation for the current semester. However, if funds have not yet disbursed for thecurrent andfuture semesters within the same academic year, your loan willbe cancelled by the college. Also,if your enrollment status drops to less than half-time (six credits), your loan will becancelled.

Courses attempted prior to withdrawing from Brooklyn College will count in the calculation of Satisfactory Academic Progress (SAP). SAPis calculated annually and is checked when you reapply for financial aid. You could be denied future aid if you do not meet our Standards of Academic Progress.

If you have an outstanding balance on a Stafford Loan, the date you drop to less than half-time is the date used for the start of your grace period; you will go into repayment as soon as six months after. Please let your lender(s) know when you drop to less than half-time.

If you withdraw or drop to less than half-time, you must complete an Exit Counseling for your Stafford Loan, which will go into repayment six months after you are less than half-time.

Unofficial Withdrawal

If you stop attending classes and do not initiate an official withdrawal, it is unlikely that you will receive passing grades for the semester and will incur significant financial aid penalties, including full or partial cancellation of the financial aid you received for the semester. Therefore, it is critical that you initiate an official withdrawal prior to the end of the semester and that you keep your personal information current with Brooklyn College.

Stafford Loans will be subject to a return to Title IV calculation for the current semester. However, if funds have not yet disbursed for the current and future semesters within the same academic year, your loan will be cancelled by the college. Also, if your enrollment status drops to less than half-time (six credits), your loan will becancelled.

Courses attempted prior to withdrawal from Brooklyn College will count in the calculation of Satisfactory Academic Progress (SAP). SAP is calculated annually and is checked when you reapply for financial aid. You could be denied future aid if you do not meet our Standards of Academic Progress.

If you have an outstanding balance on a Stafford Loan, the date you drop to less than half-time is the date used for the start of your grace period; you will go into repayment as soon as six months after. Please let your lender(s) know when you drop to less than half-time.

If you withdraw or drop to less than half-time, you must complete an Exit Counseling for your Stafford student loan, which will go into repayment six months after you are less than half time.

Withdraw/Drop

A WD grade is assigned for official drops. Financial aid will not be affected, unless all classes are dropped. Return of Title IV (R2T4) calculation will be done.

If a return of Title IV aid is required, Brooklyn College will return the unearned portion of Title IV financial aid funds to the federal programs on behalf of the student. Any return of financial aid funds made by the college on behalf of the student will be charged to the student's account. Payment for these charges is due on demand. Pay Brooklyn College directly for these charges, not the U.S. Department of Education.

Withdrawal Never Attended

A WN grade is given to students who never began attendance in a course. Students will be considered not tohave earned any Title IV aid. Students will be liable for the tuition.

Return of Title IV Formula

Title IV financial aid is recalculated based on the number of days attended, using total federal aid and total institutional charges. The percentage of unearned aid to be returned is equal to the number of days remaining in the semester divided by the number of calendar days in the semester. If you initiate an official complete withdrawal after the 60 percentpoint in the semester, you will have earned 100 percentof the aid you received for that semester. The date of withdrawal is counted as a completed day. Scheduled breaks of more thanfive consecutive days within a semester are excluded.

If a return of Title IV aid is required, Brooklyn College will return the unearned portion of Title IV financial aid funds to the federal programs on behalf of the student. Any return of financial aid funds made by the college on behalf of the student will be charged to the student's account. Payment for these charges is due on demand. Pay Brooklyn College directly for these charges, not the U.S. Department of Education.

If you are one of the few students who are eligible for a post-withdrawal disbursem*nt, you will be sent a letter of notification of your eligibility, which must be returned within 14 days from the date of the notice, or the offer will be rescinded.

Title IV FundsFunds governed under Title IV of the Higher Education Act include:

  • Federal Pell Grants
  • Federal PLUS Loans
  • Federal Supplemental Educational Opportunity Grants
  • Federal Stafford Loans
  • Federal Work-Study

For purposes of complete withdrawal and the Return of Title IV Formula, Federal Work-Study is not considered. However, in all total withdrawal cases, you cannot continue to work under the Federal Work-Study Program after your date of withdrawal. Also, any student whose enrollment falls below six credits because they drop/withdraw (officially or unofficially) or stop attending classes must stop working immediately. Students are responsible to notify their site supervisor regarding changes in class schedule/enrollment and the FWS staff at the Office of Financial Aid. If you havefurther questions contact, contactthe FWS staff at 718.951.5178 or .5816, or via e-mail.

Fall and Spring Semesters

Financial aid recipients who totally withdraw before60 percent of the term has been completedmay incur repayment liability. This is in accordance with federal regulations 34CFR 668.22 e2/ Treatment of Title IV funds when a student withdraws.

The Office of Financial Aid will complete one official calculation when the official withdrawal form or information is received; mock calculations are not made.

If you have further questions about withdrawing and the result of your financial aid status before or after, contact the financial aid office at via e-mail.

Note that partial withdrawal of classes will not result in areturn of Title IV aid to the federal government; only completely withdrawing fromthe semesterapplies to the aforementioned regulatory guidelines.

  • FATV: Financial Aid TV

Point of Contact to Initiate Withdrawal

  • Online: Log on toCUNYfirst (Student Services Center)
Withdrawing and Financial Aid Eligibility (2024)

FAQs

Withdrawing and Financial Aid Eligibility? ›

If you drop or withdraw from classes, you may jeopardize future eligibility for student aid (including loans). If your enrollment drops below half-time, your financial aid awards may be adjusted, and the grace period repayment of loans will begin.

Will withdrawing affect my financial aid? ›

Withdrawing from a class could affect your financial aid if it means you are no longer making “satisfactory academic progress.” Each college defines satisfactory academic progress differently, but wherever you go to school, you must maintain it to keep receiving financial aid.

What disqualifies you from getting financial aid? ›

Not maintaining satisfactory progress at your college or degree program. Not filling out the FAFSA each year you are enrolled in school. Defaulting on a student loan.

What happens if you withdraw a class and go below 12 credits? ›

What happens if you: Drop below full time status (less than 12 credits per term): Pell Grant: If you drop below full time status before the end of the add/drop period, the amount will be pro-rated. You will receive 3/4 of the award amount for 9-11 credits, or 1/2 of the award for 6-8 credits.

What happens to student loans if you withdraw? ›

Do I Have To Pay Back My Student Loans If I Drop Out of School? Regulations dictate that if you leave college or drop below half-time enrollment, you have to start paying back your federal student loans. You may have a grace period (generally, six months) before your first payment is due.

Is it bad to have a withdrawal on your college transcript? ›

An occasional W on your transcript is a fairly common occurrence, and nothing that will jeopardize your future career or your plans for graduate school, professional school, etc.

Does administrative withdrawal affect financial aid? ›

It doesn't hurt your GPA but could affect other things like financial aid. “It has the potential to drop a student below full time and could count against satisfactory academic progress, which financial aid looks at to see if a student is eligible,” Masterson said.

How do you lose financial aid eligibility? ›

Several situations can cause you to lose financial aid, including:
  1. Your income or your parents' income increased. ...
  2. You didn't maintain satisfactory academic progress. ...
  3. You're not enrolled half time. ...
  4. You've advanced in your program. ...
  5. You're incarcerated. ...
  6. You don't meet other basic eligibility requirements. ...
  7. Scholarships and grants.
Apr 13, 2023

What would make me ineligible for financial aid? ›

Basic Eligibility Criteria

If a required contributor doesn't provide consent and approval to have their federal tax information transferred into your FAFSA form, you won't be eligible for federal student aid—even if they manually enter tax information into the FAFSA form.

What income is too high for FAFSA? ›

What income is too high for FAFSA? There is no income that is too high to file a FAFSA. No matter how much you make, you can always submit a FAFSA. Eligibility for need-based financial aid increases as the cost of attendance increases, so even a wealthy student might qualify for financial aid at a higher-cost college.

What happens to Pell Grant if you withdraw? ›

You withdraw early from school.

If you drop out of school before the end of the program for which you were awarded the grant, you will have to pay back at least part of your Pell Grant. The government views this as unearned money since you didn't complete the program.

Is it better to fail or drop a class with financial aid? ›

To maintain eligibility for federal financial aid, you need to be making satisfactory academic progress. If you drop a class by the add/drop deadline, the decision won't affect that factor. However, if you wait until after the deadline, it's considered a withdrawal, and that can have an impact.

Is it better to withdraw from a class or get a bad grade? ›

If you are confident you will have a bad grade mark in the class, then it is important to consider withdrawing, but this is only true if you are before the Withdrawal deadline. Generally, it's best to speak with your professor or an academic advisor before deciding to withdraw from a class.

Does withdrawing hurt financial aid? ›

How Enrollment Changes Affect Your Aid. If you drop or withdraw from classes, you may jeopardize future eligibility for student aid (including loans). If your enrollment drops below half-time, your financial aid awards may be adjusted, and the grace period repayment of loans will begin.

Do I have to return FAFSA money if I drop out? ›

Federal financial aid regulation states that if you withdraw from all of your classes or cease enrollment prior to the 60 percent point of instruction in any term, you will be required to repay all unearned financial aid funds received. A calculation will be performed to determine the repayment amount.

What happens to my financial aid if I take a semester off? ›

All financial aid funds must be returned to their respective programs.

What happens when you withdraw from a college class? ›

WITHDRAWING A COURSE means: • That you are removing a course from your class list after the Add/Drop period has ended. an official notification to the college that you will no longer be attending the course. The course will remain on the transcript and a “W” will appear in place of a grade.

Does taking a break from college affect financial aid? ›

Taking a gap year before college does not affect your ability to apply for financial aid in the future. Merit-based scholarships generally do not change if you defer your enrollment a year. Need-based grants and scholarships tend to only be affected if your family's financial situation changes during your gap year.

Will failing a class affect financial aid? ›

If you fail a class, you may be responsible for paying back any aid you've received, or you might have further federal aid suspended until you meet Satisfactory Academic Progress (SAP).

How bad do your grades have to be to lose financial aid? ›

Students must: Maintain a minimum cumulative GPA between 1.6 and 2.0. Complete at least 67% of all attempted credit hours. Finish a degree in no more than 150% of the program's average number of required credit hours.

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