Financial Aid Scenarios
These are only intended to be used as examples. Every student’s results will be different depending on a number of variables.
Harold Lester is an accounting major in the Stillman School of Business. His semester
begins on August 26 and ends December 17. On October 4 (40 days into the semester),
he withdraws from all classes and officially withdraws from the University.
Example of how Harold’s Tuition bill would change:
| Tuition Bill Before Withdrawal | Tuition Bill After Withdrawal | |
| Tuition | $20,730 | $20,730 |
| Fees | $1,160 | $1,160 |
| Residence Hall | $5,096 | $5,096 |
| Board | $2,366 | $850 |
| Total | $29,352 | $27,836 |
Example of how Harold’s Financial Aid would change:
| Financial Aid Before Withdrawal | Financial Aid After Withdrawal | |
| Federal Direct Subsidized Loan | $1,732 | $0 |
| Federal Direct Unsubsidized Loan | $990 | $0 |
| Federal Pell Grant | $2,888 | $2,888 |
| University Scholarship | $10,000 | $3,500 |
| Inst. Need based grant | $1,000 | $350 |
| Federal Direct Plus Loan | $12,742 | $9,207 |
| Total | $29,352 | $15,945 |
Balance owed BEFORE withdrawal: $0
Balance owed AFTER withdrawal: $11,891 (zero credits earned)
Harold’s tuition fees and room charges were not adjusted after he withdrew because the withdrawal date was after the University refund policy. Harold withdrew after the fourth week of the semester so no tuition credit is given. Harold’s Federal and Institutional aid was prorated by the % of earned days he attended. Harold attended 40 days of 114 so earned 35%. Federal funds that were unearned (65%) will be returned to the lender by the school as regulation require.
Jennifer Reele is a psychology major in the College of Arts and Sciences. Her semester
begins on August 26 and ends December 17. On September 10 (16 days into the semester), she withdraws from all classes and officially withdraws
from the University.
Example of how Jennifer’s Tuition bill would change:
| Tuition Bill Before Withdrawal | Tuition Bill After Withdrawal | |
| Tuition | $20,730 | $8,292 |
| Fees | $1,160 | $1,160 |
| Total | $21,890 | $9,452 |
| Financial Aid Before Withdrawal | Financial Aid After Withdrawal | |
| University Scholarship | $5,000 | $700 |
| Inst. Need based grant | $1,000 | $140 |
| Federal Direct Loan | $2,722 | $520 |
| Federal Direct Unsub Loan | $990 | $0 |
| Total | $9,712 | $1360 |
Balance owed BEFORE withdrawal: $12,178
Balance owed AFTER withdrawal: $8,092 (zero credits earned)
Jennifer’s tuition was adjusted 40% based on the University refund policy. Jennifer withdrew in the second week of the semester so she is responsible for 40% of the Tuition charged. Jennifer’s Federal and Institutional aid was prorated because she attended only 14% of the semester. Jennifer attended 16 days of 114 (14% earned) and Federal funds that were unearned will be returned to the lender by the school as regulation require.