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Dropping units during the semester will cause the financial aid award to be recalculated at the time of the 2nd refund date.  For example, if you are funded as a full-time student and then drop to half-time by the second refund date, you would only be eligible for your first refund (50%). You would be considered paid completely as a half-time student and would NOT receive a second refund.

 

 

Example of a students Pell eligibility based on zero Student Aid Index (SAI) and enrollment status

 

Enrollment Status 1st Refund  2nd Refund Semester Total 
12 units $1,848.50 $1,848.50 $3,697.50
11 units $1,700.62 $1,700.62 $3,401.24
10 units $1,534.26 $1,534.26 $3,068.52
9 units $1,386.38 $1,386.38 $2,772.75
8 units $1,238.50 $1,238.50 $2,477.00
7 units $1,072.13 $1,072.13 $2,144.26
6 units $924.25 $924.25 $1,848.50
5 units $776.48 $776.47 $1,552.95
4 units $610.09 $610.09 $1,220.18
3 units $462.19 $462.19 $924.38
2 units $314.29 $314.29 $628.58
1 unit $147.90 $147.90 $295.80

 

Example Calculation starting with 1st refund @ full-time

  • If you drop from full-time (12 units or more) down to 9 units: $2,773.00 - $1,848.75 = $924.25 (2nd refund)
  • If you drop from full-time (12 units  or more) down to 6 units: $1,849.00 - 1$,848.75 = $0.00 (2nd refund)
  • If you drop from full-time down to 3 units: $924.38 - $1,848.75 = -$924.37 (you owe back)

Example Calculation starting with 1st refund @ 9 units

  • If you drop from 9 units down to 5 units: $1,552.95 - $1,386.50 = $166.45 (2nd refund)
  • If you drop from 9 units down to 3 units: $924.38 - 1386.50 = -$462.18 (you owe back)

Example Calculation starting with 1st refund @ 6 units

  • If you drop from 6 units down to 2 units: $628.52 -$924.25 = -$295.73  (you owe back)

Q&A

Q: Why do I owe an overpayment?
A: Based on your enrollment status on the first day of school or with in the first half of the semester, you were issued a Pell Grant refund which was half of your team award.  Since your enrollment status changed, your entire term award is less than your first refund.

Q: What happens if I don't pay back my overpayment?
A: If we do not receive your repayment within 45 days of your overpayment email, we must submit your name and obligation amount to the U.S. Department of Education (DOE) for collection.  You would then be ineligible to receive Financial Aid at any U.S. college until your overpayment has been resolved.

Q: Can I make payment arrangements?
A: In some cases, YES, however, you must contact our office on or before the 45 day of your overpayment email notification.