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What happens when I drop a class or several classes, but I am still enrolled during the term?
The Financial Aid Office uses a census date each term. This census date is the date that your financial aid is locked in for the term. This usually occurs two weeks after the first day of WDC. Once your financial aid is locked in, if you drop a class or classes, but are still enrolled, your financial aid will remain how it was awarded and your tuition charges might be refunded based on the Alverno tuition refund policy. You should be aware of possible Satisfactory Academic Progress ramifications. Please see the SAP section for further information.
If you completely withdraw from the semester or simply stop attending, you are subject to a federal and state refund policy. This policy states that if you stop attending your classes at or prior to the 60% point of the term, your financial aid must be recalculated based on the percentage of the term you completed. The financial aid that you will be allowed to retain will correspond to the percentage of the term completed. This calculation is independent of how much you will be charged for the semester. This charge is based solely on the Alverno College tuition refund policy and does not take into consideration how much you can retain in financial aid funds. It is not unusual for a student who withdraws to owe the College money. If you are thinking of withdrawing, please contact the Business and Financial Aid Offices and they can help determine what the financial consequences will be if you withdraw.
