Sometimes, things happen that may prevent a student from completing a semester after classes start. It is our hope at Delgado Community College that you enjoy a full growth experience during the approaching school year. In light of the possibility that an emergency may prevent you from completing your intended studies, you need to be aware of the financial impact a withdrawal from Delgado can cause.
The Title IV financial aid you could receive from the federal government: Pell, ACG, or SEOG Grants, Subsidized Stafford Loan, Unsubsidized Stafford Loan, or a Parent Plus Loan---is for your use while you are a student. If you received federal student aid from any of the above programs, and you withdraw from school, some of that money might have to be given back to the source by you or by Delgado Community College. Even if you don’t finish your course work, you’ll have to repay the loan funds you received, minus any student loan funds your school has returned to your lender. This process is referred to as the Return of Title IV.
Please feel free to use information from the links below:
16-17 College Catalog: (“Spring 17 Semester” Sections):
Spring 2017 Handbook Sections:
Spring 2017 Handbook Sections:
Dropping All Classes - To avoid financial penalties and aid adjustments, make sure you drop all classes prior to the beginning of the semester. If you drop all classes prior to the start of the semester, you will not be considered a student for that semester and, thus, not entitled to receive any form of financial aid. Your aid will be cancelled and returned to the appropriate program(s). If you drop all your classes close to the beginning of the semester, and you have already received financial aid, you will be required to repay the entire amount of aid disbursed to you. Once the semester starts on the first day, you have begun to earn aid and a Return of Title IV Aid calculation must be completed.
Failing ALL Classes - If you fail all of your classes in a semester, you may be subject to a Return of Title IV Aid calculation. If you have "earned" at least one of your "F"s (i.e., attended class for at least one course until the end of the term and received an F for poor performance), then no calculation is required. However, if you received all Fs because you stopped attending or never attended courses prior to the 60% point in the semester, then a Return of Title IV Aid calculation is required. This is considered an unofficial withdrawal and the 50% point of the semester will be used as the withdrawal date. An account balance will be created if the calculation results in the return of financial aid.
Basically, the Return of Title IV Aid works like this: If you withdraw or stop attending classes before the 60% point of a semester, you will have to repay a portion of the aid you received, if it was not earned. Therefore, if you completely withdraw after 30% of the semester has passed, you will owe 70% of the original tuition charges back to the government immediately. This payment can be made to the Bursar’s Office within 45 days of notification from the financial aid office.
Here’s an example for the Spring Semester: Classes started on January 14 for the Spring semester, and you were awarded the following financial aid: $2,907.00 Pell Grant, and $1,750.00 Stafford Loan. The total aid received is $4,657.00. If your tuition and fees were $1,500.00, the remaining $3,115.00 is monies you received directly for other educational expenses. The chart below shows your payback would be due from Pell Grant funds based upon the withdrawal dates.
The following chart is an example for the Spring semester:
Date of Withdrawal
% of Term Completed
Total Payback Due Estimated
March 25, 2016
*Loans are repaid to lender according to the terms of the signed master promissory note.
The decision to withdraw from the college is often difficult; however, it is important you understand all your options before completely withdrawing. Therefore, you are encouraged to consult with your academic and financial aid advisors before making this decision. If the decision is made to withdraw from school please visit www.studentloans.gov and complete EXIT COUNSELING.