Answered By: Abigail Caraccio Last Updated: Feb 13, 2018 Views: 167010
Your financial aid account will be affected in two ways if you fail a class.
· You will receive an “F” grade which will affect your overall GPA. Please remember that you must maintain a 3.0 GPA as a graduate student and a 2.0 GPA if you are an undergraduate student to be eligible to receive financial aid.
· Your account will have to be reviewed for what is called, Return of Title IV Funding. If a student fails a class which financial aid paid for, the participation percentage in the term will automatically be reviewed. If the percentage is less than 60%, a portion of the financial aid that you received will have to be sent back to the lender. This could create a balance on your account, for which you would be responsible for payment back to the school.
o We are unable to pre-determine what this amount will be.
o Please allow up to 45 days for your account to be reviewed to process this transaction.
For more information on this topic, please contact The Office of Financial Aid at email@example.com