When a student withdraws from a course or exits school, the Financial Aid Office will determine if a student’s financial aid will change. In many instances, students whose accounts were “paid in full” at the beginning of the semester may end up owing Central after withdrawing. Please contact the Financial Aid Office for more information.
If any aid is undisbursed at the time of the student’s withdrawal, the aid will be recalculated and prorated as appropriate according to the student’s last date of attendance. Disbursed aid will remain in place after the grace period ends. A return of Title IV funds will be performed if a student withdraws before the 60% point of the semester.
Return of Title IV Funds
A student who withdraws for any reason prior to the end of the semester may no longer be eligible for the full amount of federal aid funds received. A student is allowed to retain the amount of aid that is considered earned at the time of the withdrawal, up to the 60% point of the semester. The unearned portion must be returned to the Department of Education by the school and/or the student.,and in many instances, students whose accounts were “paid in full” at the beginning of the semester may end up owing Central after withdrawing.
Right to Appeal
Students have the right to appeal any decision for removal or reduction of aid within 10 days of notification. Appeals must be made in writing and submitted to the Financial Aid Office.
Students also have the right to appeal existing institutional aid to request an increase. Decisions will be based on exceptional academic success and/or extenuating circumstances that affect the financial need of the student.
All need-based federal aid must be exhausted before an increase in institutional need-based aid would be considered. Requests for an increase to institutional aid must be made in writing and submitted to the Financial Aid Office.
All appeals will be considered by an appeals committee, and all decisions made by that committee will be final.