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Paying Back Financial Aid If You Have Left School

If you get a GRANT and then WITHDRAW from all your classes, you will OWE money back to the federal program.  Here’s how it works:

According to the day you withdraw, the financial aid office will calculate the part of the grant that you have “earned.”  If you stopped attending classes but did not notify the school of your withdrawal, we will assume you earned 50% of your grant(s) received.

NOTE: If you withdraw after you have earned 60% of your grant, you do not owe any repayment.  For example, if you officially withdraw from all classes in Fall 2009 on or after October 31, 2009 you will not have to repay the grant.  This date is subject to change based on the length of the Fall Semester.

The Financial Aid Office will use a formula determined by the federal government to figure out what you earned, and what you did not earn, calculate the amount you owe, and notify you about the repayment procedure.

If you received LOAN money and withdraw, you will pay back the money according to the normal rules of the loan program.

If you receive WORK money and withdraw, you do not owe anything back.  You always get to keep salary you have earned.

If you are thinking of withdrawing or just leaving… Please, think again.

Immediately see an academic counselor in the Financial Aid Office, Cloud Hall 324 to discuss your academic or personal reasons for leaving.  Perhaps you can stay but take fewer courses. May be there are services (like tutoring or personal support) that will help you stay. Talk to your teachers; see what advice and help they can offer.

Don’t leave unless you must.  But if you must, take care of business before you go.

Begin the withdrawal process at the Office of Administrations and Records, Conlan Hall 107.  The Financial Aid Office in Cloud Hall 324 will notify you of how much you will owe and how you will have to repay it.  You can repay the amount owed to Student Account Services.  If you leave without taking care of this and you owe money, the Financial Aid Office will have to put a NATIONAL HOLD on your student aid eligibility.  After the hold is placed, you will be required to contact the Federal Government and arrange for regular re-payments.  After the repayment arrangement is made, you may regain your student aid eligibility.  CCSF does not have the authority to waive or write off the repayment requirement, regardless of the reason for the withdrawal, including extenuating circumstances such as illness, accident or personal loss.