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Important Information about your Financial Aid and Withdrawing

What happens to my financial aid eligibility if I withdraw from some, but not all, of my courses
before the drop/add deadline?

Your financial aid eligibility is based on the number of credits you have as of the add/drop deadline (click here for the course deadline/refund schedule). If you have fewer than 12 credits at the end of the add/drop period, your awards, including loan eligibility, will be adjusted. For the spring term, you are awarded based on the number of credits you were enrolled in during the fall. If your enrollment changes during the add/drop period, your awards, including loan eligibility, will be adjusted.

What happens to my financial aid eligibility if I withdraw from some, but not all of my courses after the drop/add deadline?  Can withdrawing from a course now affect my financial aid in later semesters?

In most cases, your financial aid eligibility for the current semester will not change. However, accumulated withdrawals could affect your eligibility for aid as all course withdrawals decrease your completion rate that must be at or above 75% to maintain Satisfactory Academic Progress. In addition, your loan eligibility will be affected if you fall below half-time (6cr.) status.

What happens to my financial aid eligibility if I withdraw from all of my courses after the drop/add deadline?

Withdrawing from all courses after the drop/add deadline is considered withdrawing from the college. If you do this before 60% of the academic semester has passed, your financial aid eligibility must be recalculated per federal and state regulations. This recalculation will determine how much of your financial aid has been earned during the weeks before you officially withdrew from courses. When the recalculation is done, a balance could be owed to the Massasoit Community College Business Office.

What if I don’t officially withdraw from the college but I stop attending all of my semester classes? 
Can this affect my financial aid?

The U.S. Department of Education mandates that students who fail all of their courses during an academic semester must prove that they continued their attendance in those courses past the 60% point of the semester. Massasoit complies with this requirement by requesting faculty to verify students’ continued attendance past the 60% point of the semester. Failure to do so will require the financial aid office to recalculate a student’s financial aid eligibility and will cause a balance to be owed to the college for the semester; this is true even when a refund check had been issued to the student for the semester.
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