As far as your financial aid goes, it could have an effect if you have withdrawn from classes before. Schools have to follow what is called SAP (Satisfactory Academic Progress). There are minimal standards set for each school by the federal government, but each school is different in how those standards are applied.

You have Qualitative (where you have to maintain a minimum GPA for your grade level), Quantitative (where you have to complete at least the mimimum percentage of all credit hours for which you are registered), and Maximum Time Frame (the point where you no longer qualify for federal aid because you have exceeded number of hours required for graduation in your program of study, including any transferred hours accepted for credit toward the degree).

If this is the first class you will have withdrawn from then I wouldn’t think it would be a problem for the next semester or academic year. But talk to a financial aid officer at your school anyway for more information/guidance as to how SAP is at your school.

Good luck!