need to withdraw from college, will my financial aid be withdrawn as well?
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If you remain enrolled for 60% or more of the academic term, you will not owe any grant money back to the federal government. However, you will probably be put on academic probation for not making satisfactory progress (i.e. passing a certain percentage of your classes). In order to continue recieving financial aid, you generally have to write a letter stating why you were unable to complete your classes and what you will do the following semester in order to make satisfactory progress. On the other hand, if you fail all of your classes in a single term, you would probably also be put on probation AND you will have “earned” only half of your financial aid.
Hope this helps! Good luck.
If you complete the course with the assistance of an aid, you are fulfilling your obligation.
Talk to financial aid. It may be possible to ‘keep’ the loan money you already have, but not the grant money and not the undisbursed loan.
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