How Does Withdrawal Affect My Financial Aid?
Once you register for a course it becomes part of your permanent record. If for any reason you do not attend, you must officially withdraw from the course on-line at your CUNYfirst Account before the term deadline date recorded in the Academic Calendar. Failure to follow this procedure will result in a grade of "WU" which is equivalent to an "F".
How does withdrawal affect my financial aid?
IF YOU WITHDRAW AFTER THE THIRD WEEK OF CLASSES, THE FOLLOWING Applies:
IF YOU ARE CHANGING YOUR ENROLLMENT STATUS, YOUR FINANCIAL AID WILL BE AFFECTED AS FOLLOWS:
PELL - Your Pell award is based on your Expected Family Contribution (EFC), the cost of attendance at Hunter and the number of credits for which you are enrolled. Awards will be adjusted accordingly.
TAP - If you are originally enrolled for 12 credits and change your enrollment status to less than 12 credits after the end of the refund period, you will be eligible for that portion of your TAP which covers your tuition. However, you will have used up one semester of eligibility.
SEEK - You must maintain at least 12 credits to be eligible for SEEK, SEEK students may only drop below full-time with the permission of the SEEK department.
FED DIRECT LOANS & PERKINS LOANS - If you drop below 6 credits you may not be entitled to the funds even if you have an outstanding balance owed to the college. With 6 credits or more you are still eligible for the monies, however, you may go into repayment if you have used your grace period. If you are awarded a Direct Loan and a Perkins Loan, you must conduct two seperate Exit Interviews--one for each award.
IF YOU WITHDRAW COMPLETELY FROM CLASSES, YOUR AID WILL BE AFFECTED AS FOLLOWS:
PELL, SEOG, ACG, SMART GRANTS, PERKINS & DIRECT LOANS - Federal student aid regulations specify that students "earn" their federal financial aid awards according to the number of days they attend classes each semeser. The amount of aid that a student may keep is in direct proportion to the lenght of time the student attends classes during the semester. The college must determine whether a portion of that student's federal aid must be returned to the U.S. Department of Education or disbursed to the students.
TAP - If you, withdraw you will forfeit your next TAP payment. If you want to enroll next semester, you must pay for your tuition with funds other than TAP. Students may be eligible for a onetime waiver.
SEEK - You will become ineligible for any funds as of the date you withdraw.
Federal Work Study (FWS) - You must stop working the day you withdraw, and will be paid only for the hours worked up to your official withdrawal date.
FED DIRECT LOANS & PERKINS LOANS - If you drop below 6 credits you will go into immediate repayment unless you have not used up your grace period. An exit interview is required. If you were awarded a Federal Direct Loan and Perkins Loan, you must conduct two seperate Exit Interviews--one for each award.