What Happens When You Withdraw from All Courses?

Are you a financial aid recipient thinking of withdrawing from all of your classes?

If yes, the following information provides a general overview of the withdrawal process as it relates to financial aid. Please read the following closely BEFORE you act so that you understand the consequences of your action. If you have not already done so, it is STRONGLY recommended you contact your academic advisor to discuss how a withdrawal will impact your academic career. In any case, to make it official, it is very important to follow the appropriate withdrawal procedure established by your college and to complete the university withdrawal form with the Office of the Registrar. If, after reading this, you have additional questions, please contact the Office of Financial Aid.

Federal Financial Aid

Once classes begin and financial aid has been applied to your account, you must complete more than 60 percent of the semester or you may be required to repay all or part of the financial aid disbursed to you for the semester. After the Office of the Registrar has processed your withdrawal form, your academic record is updated. The Division of Student Accounting, Billing, Cashiering and Collections is notified and the required recalculation of your semester charges is completed. You will be charged up to the date of your official withdrawal. The Office of Financial Aid will determine the portion of your original financial aid award for which you are eligible ("earned") and the portion of your original financial aid award for which you are not eligible ("unearned"). You and RU are jointly responsible for returning the financial aid funds for which you are not eligible. To calculate the percentage of the term completed, divide the number of days you attended by the number of days in the semester. The count begins with the first day of the semester and ends with the last day of the examination period. Weekends and holiday breaks of less than 5 consecutive days are included in the count. See the appropriate "Refund Schedule for Return of Title IV Funds" chart to determine the percentage of the semester completed. The percentage of the semester completed is the percentage of federal financial aid you are allowed to keep ("earned").

To access the "Refund Schedule for Return of Title IV Funds" chart select a link:

• Law School Camden
• Law School Newark
• All other Schools

1. Unsubsidized Federal Direct Stafford Loan
2. Subsidized Federal Direct Stafford Loan
3. Federal Perkins Loan
4. Federal Direct Graduate PLUS Loan
5. Federal Direct Parent PLUS Loan
6. Federal Pell Grant
7. Academic Competitiveness Grant (ACG)
8. National SMART Grant
9. Federal Supplemental Educational Opportunity Grant (FSEOG)

Institutional Financial Aid

NJ State Financial Aid

Examples of common withdrawal/refund situations are available in the Office of Financial Aid.

Consequences of Withdrawing from All Courses

• All or part of your financial aid may be reduced or canceled;
• You may have a balance due on your account because your financial aid award will require adjustment;
• A hold will be placed on your academic records at RU until you repay the amount owed to the University as a result of your withdrawal. You will not be able to:
  • register for subsequent semesters at RU, and/or
  • obtain a copy of your academic transcript;
• Your credit history may be adversely affected when RU reports your past due account to an external credit agency;
• You may not meet the satisfactory academic progress (SAP) requirements for continued financial aid eligibility, so future aid eligibility may be jeopardized;
• You may have to begin repaying your student loans if you remain out of school longer than six months.
• Repeated withdrawals may cause you to reach loan aggregate limits more quickly and result in your ineligibility to borrow in future years.

Unofficial Withdrawals