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 midpoint of the semester.

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 Student Financial Assistance Office. It is important to discuss withdrawal and refund as it pertains to the individual student, and 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, contact our office at 203-371-7980.

Classes Offered in Modules

Students registered in classes offered in modules are course(s) that do not span the entire payment period (semester). An example, of a module course(s) is two 8 week classes within a 16 week semester.   

A student would not be considered withdrawn and no Return to Title IV calculation would be processed:

  • If a student provides written confirmation that they will return for another module in the same semester, they are not considered withdrawn and no Return to Title IV calculation will need to be performed.
  • If a student 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.
  • If a student drops a future module and is attending a current module course at the time of the drop, a Return to Title IV Calculation will not be performed. However, if the student’s enrollment status has changed it may result in financial aid being adjusted.

Below are examples as to when a Return of Title IV calculation would be processed:

  • Students are considered to be withdrawn if they don’t complete all the days they were scheduled to complete within a semester or module for which their aid was intended for. 
  • If a student 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.