Withdrawal Impact

The "last date of attendance" is used to determine the percentage of the enrollment-payment period the student completed. The student's instructor(s) may be asked to provide the Office of Financial Aid with the student's last date of attendance, which may include the date of the last quiz or exam taken, the date of the last assignment submitted, or the date of the last actual attendance in the course. The percentage of Title IV aid earned by the student is equal to the percentage of the enrollment-payment period the student completed. 

Federal Direct Student Loan borrowers are required to complete Exit Counseling when dropping below half-time enrollment or withdrawing from the university. Visit StudentLoans.gov to complete Exit Counseling. 

Federal Title IV funds are awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. When a student withdraws, the student may no longer be eligible for the full amount of Title IV funds that the student was originally scheduled to receive.  

Students receiving any Federal Title IV aid, who completely withdraw before completing at least 60% of the enrollment period, must have a Return of Title IV processed to determine the amount of aid the student earned. 

This requirement applies to students who receive federal student aid, including the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, and Subsidized or Unsubsidized Federal Stafford Loans, but not Federal Work-Study. 

If the amount disbursed to the student is greater than the amount the student earned, unearned funds must be returned. If the amount disbursed to the student is less than the amount the student earned and for which the student is otherwise eligible, they are eligible to receive a post-withdrawal disbursement of the earned aid that was not received. 

The student may still owe funds to ASU-Beebe to cover unpaid institutional charges. ASU-Beebe may charge the student for any Title IV aid that the institution was required to return. 

Note: Return of Title IV Aid is based on the type of aid disbursed in the following order: 

1. Unsubsidized Stafford Loan 
2. Subsidized Stafford Loan 
3. Plus Loan 
4. Pell Grant 
5. FSEOG