Withdrawal Impact

If you withdraw from some or all of your courses, stop attending classes, or enroll for less than half-time status, your aid will be revised, and you MAY BE REQUIRED TO REPAY ALL OR A PORTION of the aid you received (see Return of Title IV Funds below).

You must notify the Office of Financial Aid immediately if any changes occur.

Federal Aid Implications

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.

Return of Title IV Funds

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. No recalculation will be performed if the institution refunds all charges due to the student failing to begin attendance in their scheduled classes.

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:

Unsubsidized Stafford Loan
Subsidized Stafford Loan
Plus Loan
Pell Grant
FSEOG

Important Info

A student may want to visit the Office of Financial Aid before withdrawing to determine how this may affect their future aid eligibility.

Contact Info

Office of Financial Aid

501.882.8845

finaid@asub.edu