Sometimes students need to withdraw from school in the middle of
the term. This may simply be tied to a decision not to continue or it
may be because of circumstances that preclude finishing the semester.
Impact Of Withdrawing From School Upon Financial Aid
- The UWSP Financial Aid Office is required by law to re-compute
your aid eligibility in the event of a withdrawal from school. We have
to adjust the need and aid according to any reduced costs involved
because of the early departure. The government presumes that you should
not be given aid for living expenses tied to the weeks you did not
attend nor should you have aid for more than a proportional amount of
tuition expenses. Any student withdrawing prior to the 60% point in the
term should expect to have to repay financial aid in a percentage
roughly equivalent to the percentage of the term not in attendance.
After the 60% point, no aid has to be repaid. Therefore, if you depart
from school prior to the 60% point, your aid eligibility will be reduced
on a pro-rated basis. If the amount of aid already disbursed to you for
the semester exceeds the reduced eligibility, it will be necessary for
payments to be made to repay the aid accounts. This could be from any
refund you might receive from UWSP or from funds that you were given
directly for living expenses.
- The exact financial impact of your withdrawal may not be known until
several weeks after your withdrawal because it will be necessary to
determine how much refund (if any) is available to help repay your aid.
UWSP must wait until all of your charges have been applied to your
account before making the final calculations.
- Normally, refunds from payments made to UWSP are first applied to
repay a portion of your loans (including Direct loans), and then
remaining amounts would repay grant assistance. Usually aid recipients
do not receive any of the refund themselves; it all goes to repay aid
(unless the refund exceeds the aid received).
- A calculation is also made to see if a repayment is expected from
funds that were disbursed directly to you, and only if necessary, you
will be billed for an additional partial repayment of aid. Direct loans
are excluded from this calculation because the student is already
obligated to repay these funds.
- Be mindful, withdrawals may impact your Satisfactory Academic Progress at the university. For more information, see the SAP Policy for Financial Aid.