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Important Information about your Financial Aid and Withdrawing

What happens to my financial aid if I drop some, but not all, of my courses before the drop/add deadline (census date)?

Your financial aid eligibility for all programs is based on the number of credits you are enrolled in as on the financial aid census date, which is typically the day after the last day that a class can added for the semester.  If you are enrolled on this date, but are not enrolled as a full-time student (12+ credits), your financial aid award will be adjusted to reflect your actual enrollment and eligibility.   You will not be eligible for financial aid for any class that you drop prior to the census date.

What happens to my financial aid if I drop some, but not all of my courses, after the drop/add deadline (census date)?

If you drop a course in which you had been participating after the drop/add deadline (census date), you may still receive aid for the class, and, in most cases, your financial aid for the current semester will not be impacted.  However, if you drop to less than six credits, and you have a student loan that has not yet disbursed, some or all of your loan may be cancelled.

What happens to my financial aid eligibility if I withdraw from all of my courses, stop attending before completing the semester, or do not complete all modules for which I registered?

Federal and state regulations require financial aid funds to be awarded under the assumption that a student will attend the institution for the entire period in which assistance was awarded.  If you withdraw, or are withdrawn, from all of your courses for any reason (including academic dismissal, suspension or expulsion) prior to completing at least 60% of the term, you may no longer be eligible for the full amount of federal and state funds that you were originally awarded. 

 

Massasoit is required to recalculate your financial aid eligibility based on the percentage of the period that you completed and applicable federal and state regulations. A pro-rated schedule is used to determine the amount of federal funds that you have earned at the time of the withdrawal. Thus, a student who withdraws in the second week of classes has earned less of his/her federal financial aid than a student who withdraws in the fifth week. Once more than 60% of the semester is completed, a student is considered to have earned all of his/her financial aid, and his/her financial aid will not be prorated.

 

If you officially withdraw*** from Massasoit, the withdrawal date used to determine your financial aid eligibility will be:

  1. The date the Registrar Office received your withdrawal request, or
  2. The date that you expressed an intent to withdraw to a Massasoit staff member acting in an official capacity, or
  3. The date that you last attended a course, as reported by your professor(s), or
  4. The date that you last participated in an academically related activity.

 

*** Withdrawal instructions are available at www.massasoit.mass.edu/registrar/withdraw.cfm.

 

If you unofficially withdraw from Massasoit by abandoning all of your classes, the withdrawal date used to determine your financial aid eligibility will be:

  1. The date that you last attended a course, as reported by your professor(s),or
  2. The midpoint of the period for which aid was awarded

What if I don’t earn any passing grades for a term in which I received financial aid?

 

If you do not officially withdraw and you fail to earn a passing or incomplete grade in at least one course offered over the entire term, and none of your professors confirm your attendance beyond the 60% point of the term on their final grading rosters, Massasoit must assume, for Title IV purposes, that you have unofficially withdrawn.  Your financial aid eligibility will be recalculated as described above. 

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