I'm thinking of dropping a class. How will that impact my financial aid?
Depending on whether you withdraw during the normal refund period, withdrawing before or after your financial aid has been credited to your account, and whether dropping the class causes you to change enrollment status (full-time, half-time, etc.) your financial aid may need to be reduced or cancelled. You are considered withdrawn once you are no longer enrolled in any courses for the semester.
If you withdraw before the start of classes, you must repay all financial aid you have received. If you withdraw during the semester, you may have to repay some of your aid. If you do not officially withdraw but fail to pay any classes, you will be considered to have unofficially withdrawn and may have to repay aid.
If you are only dropping course(s) but not withdrawing for the semester we may still have to adjust your aid eligibility for the current semester. Any reduction of aid my cause a balance on your student account.
A withdrawal will affect your future aid eligibility. Failure to successfully complete all classes for which you initially registered will also result in a failure to meet UMSL satisfactory academic progress standards. This in turn will cause you to lose eligibility for financial aid for future semesters until your academic performance improves (see SAP).
How do I withdraw for the semester?
After enrolling in classes, students who choose to withdraw for the semester are required to complete the necessary procedures to officially withdraw from the University. This includes but is not limited to the withdrawal request. An email notification will be sent to the student when the request has been completed
What happens when I withdraw?
When a student completely withdraws for a semester the Student Financial Aid Office must complete a Return of Title IV (R2T4) with the Department of Education. When a R2T4 is completed for a student it is determined how much of their financial aid they have earned for the semester in which they have withdrawn. We are required to return a portion of funds when a student withdraws before the 60% point in the semester. Students will be notified what the Financial Aid Office was required to return to the Department of Education within 2-3 weeks of the withdrawal being processed through the Registration Office.