Decisions that Affect Your Eligibility
If you take this course a third time after having passed the course, you will not receive financial aid funding for this course. To make sure your other aid received is not impacted, you would have to have at least 12 hours of other courses to remain a full-time student. (i.e. a student wishing to repeat a course they have previously passed must take 15 credit hours to ensure other financial aid is not impacted).
Dropping A Course
A student must be enrolled at least half-time (6 credit hours) to receive financial aid. If a student’s reduces the number of credit hours for which they are registered, he may be required to repay financial aid already receive. Dropping a course could also affect their Satisfactory Academic Progress and suspend future financial aid. Before dropping a course students should consult their Academic Advisor and Financial Aid Advisor.
An “official” withdrawal is obtained through the Registrar office and requires authorization from various departments. An “unofficial” withdrawal occurs when a student never attends any of the classes he registered for during the term. Any student who is officially or unofficially withdrawn from the College within the first 60% of the semester will receive an adjustment to his financial aid. This adjustment is based on a percentage which represents the amount of time completed in the semester and is applied to the total institutional charges assessed to the student as well as Title IV financial aid applied to the student’s account.
The percentage is determined by dividing the total number of calendar days in the semester, not completed by the student, by the total calendar days in the semester. The total calendar days in the semester begins with the first day of classes and ends with the last scheduled day of exams, includes weekends, but excludes scheduled breaks of five or more days and days that the student was on an approved leave of absence. No adjustment will be made to a student’s financial aid if the percentage representing the amount of time remaining in the semester is less than 40%.
The Office of Financial Aid will retract funds from the Student’s Accounts to return funds to the appropriate Title IV program in the following order: Direct Unsubsidized Stafford Loan, Direct Subsidized Stafford Loan, Federal Perkins Loan, and Direct Parent PLUS. If unearned funds remain to be returned after repayment of all outstanding loans, it must be subtracted from Federal Pell Grant, and Federal Supplemental Opportunity Grant.
The College is responsible for making the appropriate returns to the Title IV programs of over payments received by the college. Students must also complete Exit Loan Counseling. This is a federal requirement of all students who are graduating, withdrawing; or has dropped below ½ time status from Morehouse College.
The Morehouse Refund and Withdrawal Policy and the Federal Title IV Refund and Withdrawal are compared in the following table: