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 EFC and enrollment status:
|Enrollment Status||1st Refund||2nd Refund||Semester Total|
|12 or more units (full-time)||$1723.75||$1723.75||$3447.50|
|9 - 11.5 units (3/4)||$1292.75||$1292.75||$2435.50|
|6 - 8.5 units (1/2)||$862.00||$862.00||$1724.00|
|.5 - 5.5 units||$215.50||$215.50||$431.00|
Example Calculation starting with 1st refund @ full-time:
If you drop from full-time down to 3/4-time: 2585.50 - 1724.00 = 861.50 (2nd refund)
If you drop from full-time down to 1/2-time: 1723.75 - 1724.00 = 0.25 (2nd refund)
If you drop from full-time down to less-than-half-time: 431.50 - 1724.00 = -1292.50 (you owe back)
Example Calculation starting with 1st refund @ 3/4-time:
If you drop from 3/4-time down to 1/2-time: 1724.00 - 1292.75 = 431.50 (2nd refund)
If you drop from 3/4-time down to less-than-half-time: 431.50 - 1292.75 = -861.25 (you owe back)
Example Calculation starting with 1st refund @ 1/2-time:
If you drop from 1/2-time down to less-than-half-time: 431.50 - 862.00 = -430.50 (you owe back)
For more information:
Contact: Tracy Gillman
Phone: (209) 575-7702
Location: West Campus, Yosemite Hall Rm 147
Office Hours: Monday - Friday 8:00AM to 5:00PM
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.