Financial Aid
Withdrawals
Impact of Withdrawal on Students Receive Federal Financial Aid
In addition to the school's refund policy, withdrawal from all classes
in an enrollment period, student recipients of federal Title IV aid *Federal
Pell Grants, Federal Perkins Loans, Federal Direct Loans, Federal
Supplemental Educational Opportunity Grants, and Alabama State Grants) are
subject to additional rules and regulations, which may result in
cancellation or reduction of federal Title IV aid upon withdrawal from
classes in an enrollment period.
Although Federal aid is normally disbursed at the beginning of an
enrollment period, this aid is "earned" as the student attends classes
throughout the period. The difference in awarded and "earned" aid at the
point of withdrawal may result in the need to return "unearned" aid.
If a student completely withdraws during the first 60% of a semester,
aid will be returned to each source of aid/scholarship received by the
student, up to the total amount received from each source, in the following
order:
- Federal Direct Loan(s), Unsubsidized
- Federal Direct Loan(s), Subsidized
- Federal Pell Grant
- Federal SEOG
- Other aid or scholarships
Any remaining credit, after these cancellations have occurred, will be
returned to the student (net of any charges remaining on the student
account).
A federal aid recipient who withdraws from an enrollment period is
subject to possible repayment of federal aid disbursed to the student (after
payment of institutional charges) for living expenses and other educational
needs. If the aid disbursed is greater than the "earned" portion of the aid
at the point of withdrawal, it may be necessary for the student to repay all
or a portion of the federal aid received.
Each student who owes a repayment will be notified in writing by the
Jefferson State Financial Aid Office of the requirement to repay Title IV
funds. Failure to repay funds will result in the termination of eligibility
for federal financial aid at any institution. If a student completely
withdraws after 60 % of the semester is complete, the student most likely
will not owe a repayment.
We highly recommend all students contact the Financial Aid Office
before
withdrawing.