You should always consult the Financial Aid staff to determine how it will affect your financial aid for the term and in the future.
You must earn passing grades in all your classes. Should you receive all “F” grades or combination of all “F” and “W” grades for a term, your aid eligibility will be recalculated at the end of that term. When this occurs, you may owe money on your account even if the term is over. If you stop attending all of your classes during the term, you must officially withdraw by immediately contacting the HACC Registration Office.
SIX MAJOR WAYS WITHDRAWING FROM HACC WILL AFFECT YOUR FINANCIAL AID
1. You may have to repay some of the financial aid funds received for that term.
This usually occurs if the student withdraws completely from HACC prior to the end of 60% of the term. Completely withdrawing from classes may result in a student owing the college the funds we are required to return to the Federal government. Until the money is repaid to the college, the student will not be permitted to receive grades, transcripts or register for subsequent terms. The Office of Financial Aid Services will calculate if a repayment is required. This determination will not be made while the student is in the office during the withdrawal process because information from several areas of the college must be gathered. Students will be informed by mail if they owe the college a refund.
Students are required to complete 67% of the classes they attempt in order to continue to receive federal financial aid which includes: Federal Pell Grant, Federal SEOG, Federal Direct Stafford Loan, Federal Direct PLUS Loan and Federal College Work Study. Receiving an “F” grade, repeating coursework, receiving an incomplete grade or withdrawing from courses after they begin will cause a student to be reviewed for unsatisfactory progress. You may calculate your percentage by dividing the number of credits you have completed by the total number of credits you have attempted.
3. You may enter a “grace period” or repayment if you have Federal Direct Stafford Loan and/or Alternative loan and/or your parents have a PLUS loan.
If a student has borrowed under the Federal Direct Stafford Loan program and withdraws completely from the school, the six-month grace period begins the day after withdrawal. A student’s grace period will also begin the day after a student graduates or drops to less than six (6) credits. Contact your lender to determine how soon loan payments will be required.
4. Your upcoming student aid disbursements will be canceled.
Federal Direct Stafford loans (both subsidized and unsubsidized) and the Direct PLUS loan are usually certified for two disbursements (fall and spring terms). If a student withdraws after receiving the fall disbursement, the spring disbursement of the loan is automatically canceled. If the student returns for the spring term, the student must request in writing to have their financial aid reinstated.
5. Your PHEAA State Grant may be canceled for the upcoming term.
The PHEAA State Grant Agency has its own academic progress policy that we must adhere to when determining a student’s eligibility for the grant. If you receive a State Grant during the term you withdraw, you jeopardize future eligibility for the program by not completing enough credits.
6. Your position under the student employment program may be terminated.
Students must be enrolled in six (6) or more credits during the Fall/Spring terms to participate in the Student Employment Program. If you drop below six (6) credits, contact the Office of Financial Aid Services at the campus you attend.