Students who wish to withdraw from UF must follow UF’s http://www.registrar.ufl.edu/currents/withdraw.htmlhttp://www.registrar.ufl.edu/currents/withdraw.htmlofficial withdrawal policy. As withdrawal from UF can have important academic and financial consequences, we urge students to familiarize themselves with these http://www.registrar.ufl.edu/currents/withdraw.htmlhttp://www.registrar.ufl.edu/currents/withdraw.htmlpolicies.
Withdrawing from classes will affect your percentage of hours earned. All students must earn 75% of all hours attempted to remain eligible for financial aid.
If you officially withdraw or stop attending all courses, you may be required to repay all or part of the financial aid disbursed to you for the term in which you withdraw.
Students receiving federal funds may be required to repay aid determined to be “unearned.” The earned/unearned calculation is based on the percentage of days attended during the term in which you withdrew. The amount you have earned is determined on a pro-rata basis. That is, if you completed 30% of the term in which you withdrew, you have earned 30% of the federal aid you received. Once you have completed 60% of the term, you are considered to have earned all of your aid.
The difference between your earned federal aid and 100% equals the percentage of unearned federal funds that are subject to repayment.
Federal regulations require Title IV aid to be refunded in the following order:
- Federal Direct Unsubsidized Stafford Loans
- Federal Direct Subsidized Stafford Loans
- Federal Perkins Loans
- Federal Direct Graduate PLUS Loans
- Federal Direct PLUS Loans (for parents)
- Federal Pell Grants
- Federal Supplemental Educational Opportunity Grants
- Federal TEACH Grant
- Iraq & Afghanistan Service Grants
For grants, the law provides that you return 50% of any grant you receive requiring repayment. Any amount you do have to return is a grant overpayment, and you must arrange with UF or the U.S. Department of Education to return the funds.
(1) You may also be required to repay other federal, state, institutional, or private student financial aid programs based on the terms and conditions associated with those programs.
(2) UF is required to return to the applicable federal program account the unearned percentage of institutional charges (tuition, fees, on-campus housing). UF may bill you for any funds returned on your behalf, including loan funds.
(3) UF’s tuition refund policy is separate from the federal requirement to return unearned aid. Whether or not you receive a tuition/fee refund has no bearing on the amount you must repay under this formula.
If, as a result of withdrawal, cancellation, or termination of attendance, you are entitled to a refund of tuition/fees (determined by the http://www.fa.ufl.edu/bursarUniversity Bursar) or campus housing charges (determined by the http://housing.ufl.eduDivision of Housing and Residence Education) and you received aid for the same payment period, part of your refund will be returned to the appropriate federal Title IV or institutional account. Any amount remaining after accounts from which you received aid have been reimbursed will be returned to you.