If a student withdraws after receiving aid for a term, the federal government requires that the school performs a calculation to see if any aid must be repaid. Federal awards include the Federal Pell, SEOG, Academic Competitiveness, and National SMART Grants, and Federal Stafford, PLUS, and Perkins Loans. Our office may return all or a portion of the funds already applied to a student's university charges. The amount to be repaid will depend on the student's withdrawal date and university charges. The later a student withdraws, the lower the amount that would need to be repaid. Since a student is considered to "earn" aid as the semester progresses, the greater the percentage of the semester is completed and the greater the percentage of the aid will be considered to be "earned," thus reducing the amount of aid which must be repaid.
About 45 days after a student withdraws, our office will send the student a letter listing what aid has been returned to the Federal Title IV programs on their behalf. The return of these funds may result in additional institutional charges (originally paid by federal aid) to be due on the next Bursar bill. Students may view these changes through their OneStart account, in Self-Service.
Withdrawing from classes may also impact a student's eligibility to receive financial aid in the future. See Academic Progress for more information.
consumer information
- Money Management
- Right to Know
- Average IUB Student Loan Amounts Accumulated by IUB Students
- CVO Regulation Updates (2005)
- Paying IU Charges with Your Federal Aid
- Dropping or Withdrawing from Classes and Its Effect on Financial Aid
External Links
- Accreditation Statement
- Athletics Compliance Information
- Campus Crime Statistics
- Course Retake Policy (Registrar)
- Department of Education Ombudsman (federal aid complaints/concerns)
- Drug Abuse Prevention Information
- Drug-Free Workplace & Policies
- Graduation Rate Reports
- Federal Tax Benefits for Education- IRS Publication 970 (Hope Credit, Lifetime Learning Credit, Student Loan Interest Deduction)
- HIPAA (Health Insurance Portability and Accountability Act) Information
- Indiana Sex and Violent Offender Directory
- Indiana University Policy for Reserves Called to Active Duty
- IU Annual Notification of Student Rights (FERPA)
- Loan Forgiveness Options
- Mass Email Policy for IUB
- Peace Corps
- Retention Rate Reports
- Student Disability Services
- students.gov
- Use of Email as Official Correspondence
- Voter Registration