IUPUI

Withdrawing for a Semester and Financial Aid

Return of Title IV Funds

When a student recipient of federal Title IV financial aid officially withdraws from a semester or unofficially withdraws by ceasing to attend, federal regulations require a calculation to determine if any federal Title IV aid must be repaid. Federal Title IV aid includes Pell Grants, Academic Competitiveness Grant, National Science and Mathematics Access to Retain Talent Grants, Federal Supplemental Educational Opportunity Grants, Stafford Loans, Perkins Loans, and PLUS loans (parents or graduate students).

Repayment Calculation

The amount of federal Title IV aid to be repaid is calculated based on the percentage of time completed within a semester, which involves calculating the amount of Title IV aid earned by the student, and the amount of institutional charges for that semester. Prior to withdrawing for the semester, you are encouraged to contact us.

When unearned federal Title IV funds are repaid, they are returned by program and up to the disbursed amount for each program. Unearned federal Title IV grant funds are returned prior to loan funds in the following order – Stafford Unsubsidized Loans, Stafford Subsidized Loans, Perkins Loans, PLUS loans (parent or graduate student), Pell Grants, Academic Competitiveness Grants, National Science and Mathematics Access to Retain Talent Grant, and Supplemental Educational Opportunity Grants.

Notification

You will be notified by mail no later than 45 days of the determination that you withdrew during the semester. In the case of a parent PLUS loan, notification regarding the parent PLUS loan will be sent to the parent PLUS loan borrower. Your notification will provide detailed information on the federal Title IV funds and the amount of these funds to be repaid by the student and/or parent. If the notification to the student and/or parent includes eligibility for a post-withdrawal disbursement, the student and/or parent has fourteen (14) days to respond to accept or decline. The return of these funds typically results in additional charges to your bursar account that is the student’s responsibility to pay. Current information on your financial aid award status and bursar account status is available via your OneStart account.

State Student Assistance Commission of Indiana (SSACI) Awards

When a student recipient of financial aid from State Student Assistance Commission of Indiana (SSACI) officially withdraws from a semester or drops below full-time enrollment (12 semester hours) before the SSACI census date at the end of the refund period, state regulations require the cancellation of SSACI awards. SSACI financial aid that requires full-time enrollment includes the O’Bannon Higher Education Awards (Academic Honors, Core 40, and General) and the Twenty-First Century Scholars Award. This cancellation results in the removal of the SSACI financial aid credits from the student’s bursar account and the additional charges are the responsibility of the student to repay. If your SSACI aid is cancelled, you will receive a Financial Aid Notification (FAN) at your IUPUI (or IUPUC) e-mail address with an update and a referral to visit OneStart to view your financial aid award status and bursar account status. FAN notifications are sent weekly.

Satisfactory Academic Progress

Withdrawal from the semester after the IUPUI or IUPUC official census date may impact future eligibility for federal or state financial aid due to Satisfactory Academic Progress. Future satisfactory academic progress monitoring will include any courses dropped after the official census date as attempted but not completed hours.