Consequences of Withdrawing
Students who receive financial assistance and do not register for the number of hours their aid is based upon or drop below that number before the end of the semester may have their assistance offer revised. This revision may include the revocation of any and all grant funds and the return of student loan funds to the lender. Additionally, such students may lose future eligibility for financial assistance depending upon the number of classes they drop.
According to institutional policy as well as state and federal regulations, if a student who receives financial assistance completely withdraws from the university:
1. Student Financial Services will calculate the amount of that student’s assistance which must be returned to the original funding sources by comparing the amount of the assistance “earned” through attending classes with the amount “unearned” because the student withdrew from school before the end of the term. Depending upon the withdrawal date, a student may lose all (or a significant portion) of his /her financial assistance.
2. If a student withdraws outside of a tuition refund period, that student may also end up owing the institution a significant amount of money, especially if the financial assistance, which was paid toward the tuition costs, is returned back to the original funding sources. If or when such a balance occurs, payment in full for the debt will be due to the university immediately. Additionally, St. Edward’s University will withhold that student’s academic transcript until the debt has been paid. If the university is not paid, the debt will be turned over to a collection agency which will add additional fees to the already existing debt.
3. Finally, if a student completely withdraws during a semester, he/she will lose future eligibility for financial assistance through St. Edward’s University (with the possible exception of withdrawal due to extreme mitigating circumstances).