what happens if i drop a course and go below 12 credit hours?

by Cleta Orn 8 min read

What happens if you: Drop below full time status (less than 12 credits per term): • Pell Grant: If you drop below full time status before the end of the add/drop period, the amount will be pro-rated. You will receive 3/4 of the award amount for 9-11 credits, or 1/2 of the award for 6-8 credits. After the add/drop

What happens if you: Drop below full time status (less than 12 credits per term): Pell Grant: If you drop below full time status before the end of the add/drop period, the amount will be pro-rated. You will receive 3/4 of the award amount for 9-11 credits, or 1/2 of the award for 6-8 credits.

Full Answer

What happens if my credits drop during the late drop period?

Things happen to good students too, and that'd likely be unnecessarily burdensome to revoke your scholarship for dropping one course one time. Talk to the organization that grants the scholarship, I guarantee you're not the first student to ask this. I suspect your scholarship looks for full Time load attempted.

What happens if I drop a course during the semester?

Your financial aid award(s) may be adjusted if your award(s) requires full-time or half-time enrollment and your credits drop below the minimum required. If you are a Federal Pell Grant recipient, the grant may be adjusted; for example, if you drop from 12 …

Do dropped courses count as credit hours for financial aid?

If you drop below your respective enrollment status during a drop/add period, your financial aid will be adjusted based on the number of credit hours you are enrolled in at end of the drop/add period. Dropping Hours After the Drop/Add Period: If you drop one or more classes after the drop/add window closes but are still enrolled and attending your other courses, your financial …

What happens if you drop below full-time status in college?

It won't affect insurance. The only "bad" thing is that it'll go on my transcript. And I don't care. level 1. · 7 yr. ago 2010 Alumnus. Check your parents' health insurance rules -- they can drop you from insurance if you fall below 12 credits (this was true before …

Do you have to pay back financial aid if you drop a class?

Federal regulations require you to repay a portion of financial aid funds if you withdraw from all classes before satisfying the 60 percent completion rule for the enrollment term. (See the current 60 percent dates for the financial aid award year.)

Will I lose my financial aid if I drop a class?

You will also lose your financial aid if you do not make satisfactory academic progress (SAP). If you drop out of enough courses or from the school altogether in the middle of an academic period, you could be required to return or pay back the scholarship money.May 14, 2020

How does dropping to part time affect financial aid?

Your financial aid award(s) may be adjusted if your award(s) requires full-time or half-time enrollment and your credits drop below the minimum required. If you are a Federal Pell Grant recipient, the grant may be adjusted; for example, if you drop from 12 to 9 credits, your grant may be prorated.

What happens to my student loan if I drop below half-time?

Once you graduate, drop below half-time enrollment, or leave school, your federal student loan goes into repayment. However, if you have a Direct Subsidized, Direct Unsubsidized, or Federal Family Education Loan, you have a six-month grace period before you are required to start making regular payments.

Is it better to drop a class or fail it in college?

Croskey notes that dropping a class is better than withdrawing, but withdrawing is better than failing. “A failing grade will lower the student's GPA, which may prevent a student from participating in a particular major that has a GPA requirement,” Croskey says.

How will dropping a course affect me?

Once you have dropped a class, you no longer have to attend it, and you will no longer receive a grade in that course. Instead, there will usually be a "W" (for "Withdrawn") next to the course's name, instead of a letter grade, on your transcript. This "W" will not affect your GPA.Jan 17, 2022

What happens if you fall below 12 credits?

If you were enrolled in 12 credit hours and received your award, then dropped below 12 credit hours, the grant will be removed from your account. This may create a balance on your bursar account that must be repaid.

Is it better to drop a class or fail financial aid?

A withdraw will show up on your transcript and can affect your financial aid, but won't be as drastic as a later drop that results in a failing grade for the class. Dropping classes with financial aid in the balance, may result in having to pay back part of the loan that you received.Sep 21, 2018

What happens if you drop a class and go below 12 credits UW Madison?

Tuition adjustment refunds depend on whether classes are dropped during a particular times of the term. When a student drops a course by the drop deadline, the tuition is automatically adjusted and a tuition refund will be issued.

What happens to my student loans if I take a semester off?

When you take a semester off, your loan starts to use its grace period. Depending on your lender, if you return to school before your grace period ends, your grace period may reset as if it were never used.Mar 3, 2021

What happens if you do not attend school at least half time *?

If you do not enroll for at least half time study before the end of the grace period, monthly repayment will start. If you owe money for grants (Pell or SEOG), you will be required to repay one- half of the unearned aid. The school may also be required to repay a pro- rated share of your unearned aid.

How many days after missing a student loan payment do your loans go into default?

The Consumer Financial Protection Bureau states that private student loans often default after three missed payments, or 120 days total, but check your loan's promissory note to know the specific timing. Some private loans default after one missed payment.Apr 6, 2022

About Future Student Aid Eligibility

If you drop below half-time enrollment, you may be ineligible for aid, including loans. Depending on the time during the semester that you drop a c...

If You Drop Credits Before Your Financial Aid Is Disbursed

If you drop credits before all of your aid is disbursed: 1. You will be responsible for the balance of your tuition bill after your aid is adjusted...

What Happens and What to Do If You Late-Drop Credits

Students with Federal Direct or Perkins LoansIf you received a Federal Direct Loan or Federal Perkins Loan and drop below half-time, the grace peri...

How long do you have to pay off a Perkins loan?

If you received a Federal Direct Loan or Federal Perkins Loan and drop below half-time, the grace period prior to repayment will begin (nine months for Perkins and University Loans, six months for Federal Direct Loans). If you have already used your loan grace period, then you may begin repayment. For more information, contact the appropriate loan servicer: 1 Federal Perkins or University Loan recipients: contact Student Financial Services. 2 Federal Direct Loan recipients: contact your federal loan servicer. You can obtain the contact information for your federal loan servicer by logging into studentaid.gov. 3 Federal Direct Loan recipients under the Federal Family Education Loan (FFEL) Program: contact the lender (s) of your FFEL loan (s). You can obtain the contact information for your FFEL lendersby logging into studentaid.gov.

How long is the grace period for a Perkins loan?

If you received a Federal Direct Loan or Federal Perkins Loan and drop below half-time, the grace period prior to repayment will begin (nine months for Perkins and University Loans, six months for Federal Direct Loans). If you have already used your loan grace period, then you may begin repayment.

Can financial aid be adjusted?

You will be responsible for the balance of your tuition bill if your aid is adjusted. Your financial aid award (s) may be adjusted if your award (s) requires full-time or half-time enrollment and your credits drop below the minimum required.

What happens if you drop a class?

If you drop below your respective enrollment status during a drop/add period, your financial aid will be adjusted based on the number of credit hours you are enrolled in at end of the drop/add period. If you drop one or more classes after the drop/add window closes but are still enrolled and attending your other courses, ...

How many credit hours does financial aid take?

If you are an undergraduate student, your financial aid is based on an enrollment status of 12 + credit hours per semester during the academic year (6+ credit hours for summer terms). If you are a graduate student, your financial aid is based on an enrollment status of 9+ credit hours per semester during the academic year ...

What happens if you withdraw from a university?

If you withdraw from the University, you must contact the Registrar's Office to begin the official withdrawal process and establish your withdrawal date. If you stop attending all of your classes, you are required to officially withdraw from the University. If you stop attending all of your classes but fail to complete the official withdrawal ...

Do you have to repay 100% of financial aid?

Students who never attended any of their classes and did not complete any coursework are required to repay 100% of the financial aid received for the semester or summer term. Students who stop attending all of their classes are required to officially withdraw from the University.

What does it mean to drop a course?

Dropping a Course. Withdrawing from a Course. "Dropping" a course means you dropped it before the end of the drop/add period. A student "withdraws" from a course after the end of the drop/add period. Credit hours for dropped courses are not included in your hours of enrollment for financial aid. Generally results in a grade of W, WP, or WF.

Does withdrawing from UGA affect financial aid?

Withdrawing from all courses can affect a student's financial aid eligibility as cited under the preceding topic. In addition, when a student withdraws or is withdrawn from all his or her courses prior to completing more than 60 percent of the term, federal financial aid regulations generally require the student to repay a portion of the federal student aid received during the term. The amount of any required aid repayment is calculated by UGA Student Accounts according to the federally prescribed formula.

Withdrawal from a Semester

A student may withdraw from a semester through the last day of classes (excluding final exam periods) in the fall, spring, and summer semesters following clearance by the Office of the University Registrar. A withdrawal from the semester occurs during summer term only if the student withdraws from all parts of the term.

Withdrawal When Called to Active Military Duty

For purposes of this section, active military duty means service, whether voluntary or involuntary, in the Armed Forces, including service by a member of the National Guard or Reserve, on active duty, active duty for training, or full-time National Guard duty under Federal authority, for a period of more than 30 consecutive days under a call or order to active duty of more than 30 consecutive days.

IF YOU DROP CLASSES BEFORE YOUR Bright Futures IS DISBURSED

If you drop below half-time enrollment before the end of the drop/add period, you may be ineligible for your Bright Futures Award.

IF YOU DROP or Withdraw from Classes AFTER YOUR Bright Futures IS DISBURSED

Your Bright Futures will be billed for the classes dropped or withdrawn after the initial drop/add period.

Bright Futures ELIGIBILITY

You must repay the entire amount owed to Bright Futures in order to renew.

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