Financial Assistance Withdrawal Policy

Official Withdrawal

Withdrawing from all courses is considered withdrawing from the University. If you withdraw before classes begin please refer to the Student Accounts Withdrawal and Refund Policy. If you withdraw before 60% of the semester is complete (approximately 8-9 weeks into the semester), your financial aid award will be recalculated, according to the percentage of the semester you completed. The formula for calculating this percentage is:

      (Days enrolled) – (Official breaks of five days or longer)      
Total number of class days in the semester

Unofficial Withdrawal

If a student stops attending classes without notifying the University, we will be required to recalculate your federal financial aid using the last date of an academically related activity in which the student participated, as documented by the student's instructor(s). If our office is unable to obtain the last date of an academically related activity, we will be required to recalculate your federal financial aid using the midpoint of the semester.

If the Office of Student Financial Assistance is required to return funds to federal loan programs the student could have remaining institutional charges for the term.

Returning Aid

If you have been awarded Title IV (federal) or state aid and you withdraw before completing 60% of the semester, some portion of your financial aid award must be returned. The above formula determines what portion of the aid must be returned and the table below indicates the order in which the aid is returned.

Refunds to Federal Title IV Programs are made in this order:

  1. Federal Unsubsidized Stafford Loan
  2. Federal Subsidized Stafford Loan
  3. Federal Perkins Loan
  4. Federal Graduate PLUS Loan
  5. Federal PLUS Loan
  6. Federal Pell Grant
  7. Federal Supplemental Educational Opportunity Grant
  8. Other federal sources of aid
  9. Other state, private or institutional aid
  10. The student

Refund examples are available in the Office of Student Financial Assistance. It is important to discuss withdrawal and refund as it pertains to the individual student, as well as its implications for federal student loan repayment and future eligibility for financial assistance.

If you wish to discuss your specific concerns further or have special circumstances that need to be addressed, please contact our office at 203-371-7980.

Classes Offered in Modules

Modules are courses that do not span the entire payment period (semester); an example of module courses is two 8-week classes within a 16-week semester.   

A student would not be considered withdrawn and a Return to Title IV calculation would not be processed, if the student:

  • provides written confirmation that they will return for another module in the same semester
  • does not provide written confirmation that they will return for another module in the same semester, and does return, the Return to Title IV calculation will be reversed and the student will regain their prior eligibility
  • drops a future module and is attending a current module course at the time of the drop; however, if the student’s enrollment status has changed it may result in financial aid being adjusted

A student would be considered withdrawn and a Return to Title IV calculation would be processed, if the student:

  • does not complete all the days they were scheduled to complete within a semester or module for which their aid was intended for
  • intends to return for another module in the same semester and does not return, the student is considered to have withdrawn based on the last day of attendance