Policy on Withdrawals and Return of Funds
If a student withdraws or is dropped from all of his/her classes before completing 60% of the semester, the college is required to prorate the following awards based on the student’s last day of attendance in classes: Federal Pell Grant (PELL), Academic Competitiveness Grant (ACG), and the Federal Supplemental Educational Opportunity Grant (FSEOG). NETC does not participate in the Stafford Loan Program. (Exception: For continuing education courses only, loan applications are handled by the Continuing Education Department.)
The student is required to return to NETC the portion of the financial aid that was not earned. No further aid will be disbursed to the student and their academic records are frozen until the full amount has been repaid. Payments should be made to the Cashier’s Office.
Formula for determining Amount of Title IV Aid Earned by the Student:
Number of days student completed in term
Total number of days in term |
X |
Aid that could have
been disbursed |
=Amt of Aid Earned |
If the student drops after completing 60% of the term, he/she is considered to have earned 100% of the financial aid paid for the semester. (Note: A student’s last day of attendance must fall on or after the 60% point of the semester.)
Any students considering total withdrawal from classes should come by the Office of Student Financial Assistance in room 112 of Ingram Hall to find out how their aid will be affected and whether or not they will be liable for any charges.
The 60% point of the semester will be noted on the school’s calendar each semester.
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