What If I...
Dropping classes will affect your SAP.
- Your PHEAA State Grant may be affected.
- Your next loan disbursement will be cancelled and your loan will become due.
- You will lose your work-study position.
If you completely withdraw (officially or unofficially), you may have to repay some of the financial aid funds you received.
Complete Withdrawal Policy
If you completely withdraw (officially or unofficially) the Financial Aid Office is required to calculate the adjusted award amount you are eligible to receive based on your last date of attendance. You may be responsible to return award money for the portion of the semester you did not attend. The Financial Aid Office runs a weekly report identifying last date of attendance. If a student has withdrawn from ALL courses the calculation on Federal Programs is applied. Undisbursed Federal Loans will be returned to lender. Undisbursed Federal Grants will be adjusted to amount earned. If a student completely withdrawals during BC3 refund policy the initial charges will be assessed.
You will receive a letter from the Financial Aid office notifying you of your obligation. Depending on the calculation, you may owe money back to BC3 and The Department of Education. Any monies owed to The Department of Education are defined as "overpayment" and will restrict you from receiving federal financial aid at any institution. BC3 will return Federal Loan and Grant funds to the Department of Education within 45 day requirement.
Examples of How Completely Withdrawing Impacts Your Financial Aid
Our office has outlined two examples of how completely withdrawing can impact your financial aid. If you are thinking of withdrawing, feel free to contact the Financial Aid office, and we will be happy to go over your options.