Students who are considering withdrawing from all classes at UST and are receiving federal financial aid should talk to a financial aid counselor before withdrawing from courses.
Federal financial aid policy requires that students earn their federal aid based on the amount of time they attend classes at UST. In order to earn all their federal aid, students must attend classes through 60 percent of the semester. (Nov. 8, 2012, for fall semester undergraduate, and most standard graduate programs. This date is different for law and cohort programs).
If a student withdraws before this date, the Financial Aid Office is required to calculate how much federal aid the student has earned and return the unearned portion to the federal government. There are no special circumstances (such as medical emergencies) that can prevent federal funds from being returned when a student withdraws before the 60 percent date.
Federal financial aid includes:
- Direct loans
- Perkins loans
- PLUS loans
- Pell Grant
- Supplemental Education Opportunity Grant (SEOG)
- Teacher Education Assistance for Higher Education Grant (TEACH) programs
Note: This federal financial aid policy differs from the UST institutional refund policy. The federal requirement may result in students owing money to the university because some of their financial aid has been returned.
Students who are receiving aid through any of these programs are encouraged to schedule a meeting with a financial aid counselor to consider the financial aid implications of withdrawing from school.
For more information contact the Financial Aid Office, (651) 962-6550.