• Application Steps
  • Apply for PIN
  • Fill out FAFSA
  • 2006-2007 Online Orientation
  • Student Loans
• Financial Aid Applicants
  • Ability to Benefit Test
  • Application Procedure
  • Application Requirements
  • Athletic Aid
  • Forms
  • Study Abroad Program
  • Work-Study Program
• Financial Aid Recipients
  • Attendance Verification Instructions for Online Students
  • Deferments for loans
  • Satisfactory Academic Progress
  • Withdrawing from Classes - Refunds of Financial Aid
• Other Sources of Aid
  • Scholarships
  • Veterans Information
  • WorkFirst
  • Worker Retraining
• Other Financial Aid Web Sites
  • College and University Campus Crime Statistics
  • Common Questions and Answers About Financial Aid
  • Department of Education
  • FAFSA on the Web
  • Financial Aid Information Page
  • Financial Aid Resources by State
  • Government Services Links for Students
  • Higher Education Coordinating Board
  • Important Phone Numbers
  • National Student Loan Data System - Student Access
  • Washington Financial Aid Association

Withdrawing from Classes -
Refunds of Financial Aid

Withdrawing from all your classes?

Consider this first:

• If you withdraw after completing more than 60% of the quarter, you have earned 100% of your aid.
  
• If you complete 60% or less of the quarter, you may need to repay up to 50% of grant funds received.

Loss of future financial aid eligibility

If you owe a repayment of grant funds and do not immediately repay, you will lose your financial aid eligibility. All amounts owing are reported to the Department of Education within 45 days of your withdrawal date.

Repayment of Tuition and Fess

If Title IV funds paid for your tuition and fees and unearned funds are returned to the federal government, you will be responsible for paying the balance of your tuition.

For example, if Pell Grant paid $592 for your tuition and fees and you withdraw on the tenth day of the quarter, BCC returns $515 of unearned aid to the Pell program. BCC keeps $77 of tuition and fees charges. BCC's refund policy is applied to determine how much you owe the college for the time you attended. In this case, you have withdrawn at the 50% refund tuition period and will be treated as a student who is paying for his or her own tuition. If you had paid for your own tuition, you would receive a refund of 50% ($592 x 50%) or $296, and the college would keep 50% of the tuition or $296. As a result, you would owe $296 minus whatever amount, if any, BCC kept when the Refund of Title IV Funds calculation was made. In this case, BCC kept $77, therefore, you would owe $219 ($296 - $77 = $219).

Example of Refund of Financial Aid

Scenario: Student registers for full-time and receives financial aid on the second day of the quarter. Financial aid funds paid the student's tuition and the student picked up a grant check. Disbursed aid amounts are as follows:

Student withdraws on September 29th (10thday of the quarter).

Example of Calculation

If you have any questions regarding this matter, please contact BCC's Financial Aid Office immediately.

If your last day of attendance occurs on the dates indicated below, you will have earned 100% of your financial aid.

Return to Main Page

Last updated on