What happens when you drop one or more classes?
The overall consequences of dropping courses depend on EACH of the following:
- the aid you have been awarded
- the number of credits you retain
- the point in the semester you drop and the tuition refund period in effect
You could owe additional money to the College (which would be due immediately) or you could have additional funds returned to you from the College in the form of a refund. In some cases, your eligibility for aid could be impacted for future semesters. Refer to the Satisfactory Academic Progress (SAP) policy for more information.
Students must check with the Financial Aid Office before dropping from any and all courses to determine if their aid will be impacted.
What happens when you withdraw from all classes?
Withdrawing from McDaniel College may have both academic and financial aid consequences. You are encouraged to understand the consequences before you decide to withdraw.
If you complete 60 percent or less of the term prior to withdrawing, you may be required to repay a substantial portion of your financial aid.
As with dropping a class, the specific financial consequences for you depend on several factors:
- The amount and type of financial aid you have been awarded for the term
- The amount of initial charges, as well as adjusted charges
- The point in the term you withdraw (including the refund period in effect)
You could owe additional money to the College (which would be due immediately), or you could have additional funds returned to you from the College in the form of a refund. In some cases, you could have aid adjusted for future terms.
McDaniel College is required to review a student’s account and recalculate eligibility in the following situations:
- A student completely withdraws from all classes during the semester, or,
- A student never attends any classes during the semester, or,
- A student does not complete all modules (classes that do not span the entire length of the semester) for which s/he has registered for during the semester.
The Financial Aid Office is responsible for reporting in the calculation the last date of attendance as determined by the institution using the last date of attendance or the last date of academically related activity. If neither of these dates are available, then the date the student initiated the withdrawal process will be used.
Confirmation of future enrollment within the same semester will prevent the recalculation process from being initiated. If a student decides that dropping a single course during the semester is necessary but expects to complete the subsequent module courses during the same semester, s/he will be given the option to confirm that intention by responding to email notice from the Financial Aid Office. Without documented confirmation by the student, our office will assume that the student ceased attendance and will begin the Return of Title IV Funds process.
The federal recalculation is determined on a pro-rated basis taking into consideration the actual number of days that a student is in attendance. Once the recalculation is completed, the student will receive notification from our office of any change to his/her financial aid.
Please note that due to complexity of this federal policy, each Return of Title IV funds calculation is dependent on individual student circumstances.
Here are some examples of when our office is required to perform the Return of Title IV calculation:
- A final award letter was based on 6 credits- a student withdraws from both classes on October 1, 2011. We are required to complete a Return of Title IV Funds
- A final award letter was based on 6 credits, with one class starting in September and the second class beginning in late October. A student completes the first class and drops the second class. The student does not respond to our letter to confirm enrollment in another fall class. We are required to complete a Return of Title IV Funds
- A final award letter is based on 12 credits but the student stops attending the classes in October and receives all failing grades. Our office is required to complete a Return of Title IV Funds
If you are considering withdrawing and have any questions about the financial aid consequences, please contact our office.