Enrollment Status and Your Financial Aid Awards
Some financial aid award amounts are determined by your enrollment status at different points throughout the semester. Enrollment statuses (i.e. full-time, half-time, etc.) are defined by the Office of the Registrar. Remember, official enrollment status is based on the number of credit hours for which you have registered. Waitlist hours are not counted when determining enrollment status. If you have questions regarding waitlists, please see the Office of Registrar’s website at http://registrar.iupui.edu/acequestions.html for commonly asked questions on the waitlist system. Should you decide to drop a class, you may want to discuss the impact to your financial aid awards with a financial aid counselor.
Federal Pell Grants
If you have received a Federal Pell Grant, remember the amount of your award is determined by your enrollment status. An overview of the enrollment status classifications can be found at: http://registrar.iupui.edu/fulltime_status.html.
If you drop a class at any time during the semester, you may be required to repay some of your Federal Pell Grant. For spring semester, 2013, the 100% refund period to drop a class ends on Monday, January 14th. Also, if you are not enrolled in your classes by the end of the 100% refund period (e.g. you are waitlisted for a class or choose to add a class after January 14) and you receive a Federal Pell Grant, these classes will not count in determining your Federal Pell Grant eligibility. Therefore, be sure to finalize your schedule prior to the 100% refund period ending on January 14, 2013.
State O’Bannon and 21st Century Scholars Awards
State O'Bannon and/or the 21st Century Scholars Grant eligible students are required to be enrolled in at least 12 credit hours through February 3, 2013. If you have not been enrolled in 12 credit hours, your award would not have applied to your Bursar account and we will remove the award from your financial aid account. If you enroll in at least 12 credit hours on or before February 3, 2013, we will re-award your grant and it should be available to view in your OneStart account the following week.
If you were originally enrolled in 12 credit hours but have dropped below 12 credit hours and originally received a credit for your award, your entire semester O'Bannon and/or 21st Century Scholars Grant will be removed from your account. This may create a balance on your bursar account that will need to be repaid.
To receive Federal Perkins, Stafford Subsidized/Unsubsidized, PLUS and Grad PLUS, you must be enrolled at least half-time (six credit hours for undergraduate students or four credit hours for graduate students).
If you received a refund of federal financial aid and you withdraw or cancel your enrollment prior to the start of classes; we are required to review your account to determine if your financial aid may need to be cancelled.
If you fully withdraw from your coursework after classes have begun, you must go through the Return of Title IV Funds process. For more information on this process, please visit: http://www.iupui.edu/~finaid/recaid/how/R2T4/.