If you received financial aid and withdraw from all of your classes within the first 60% of the term we must recalculate your financial aid eligibility according to a Federally prescribed formula. Because funds are awarded based on your attending the entire term, we must recalculate your award based on the actual number of days you attended. This will determine if you received funds for which you are not eligible.
We recommend that you check with the financial aid office to find out if you will owe a repayment before withdrawing from all of your classes. We can advise you while you are considering withdrawing as to what will happen in your specific situation.
You must officially withdraw from all your classes using the appropriate registration procedures, Dropping and Withdrawing from Classes. When you officially withdraw from all your classes our office is notified. If required, we will do the recalculation of aid for you. If you provided Enrollment Services a signed statement indicating the date you began the withdrawal process or called Enrollment Services and indicated your intent to withdraw, the earliest date will be using in performing the recalculation. This date will only be used for the aid recalculation; it will not be used in possible fee refund determination or recorded as your official withdrawal date by the campus.
We must recalculate your eligibility according to federal regulations for the aid you have received if you withdraw from all your classes within the first 60% of the term (on or before the following dates):
And
During the first two weeks of the term, we use the date you accessed MyCSULB and withdrew from all of your classes.
After this initial period we are required to use the earliest date that we became aware of your withdrawal. We will determine this date using the earliest of the following:
Remember that this date is only for the purposes of the Federal aid recalculation. If you provide notification of intent to withdraw, the date of the notification will not be used in possible fee refund determination or recorded as your official withdrawal date by the campus.
The first step is to determine the date you began the withdrawal process. Based on available information, we use the earliest date, which is established as described above.
Based on the date you began the withdrawal process we then determine the percentage of the semester you attended. This percentage is then applied to the aid disbursed or that could have been disbursed to determine the amount you earned. If the amount disbursed to you is less than the amount you earned, we will notify you of your eligibility and give you the opportunity to receive that aid. If the amount disbursed to you is greater than the amount you earned, then unearned funds have to be returned. This may include a return of funds by the school and repayment by you.
Aid will be returned in the following order (as required under regulation):
The return of funds by the school is paid from University resources, which may create an obligation from you to the University. Any grant repayment you may owe will be payable to the campus. Any return of loan funds required of you will be in accordance with the terms of the promissory note.
If a fee refund is applicable these funds will first be used to cover any school return of funds, then student portion, with any remainder being issued to you