|
I'm changing my enrollment. What will that do to
my financial aid?
When we develop your financial aid package, we assume
that you will attend Miami as a full-time student for
the fall and spring semesters.
You must inform us in writing of any change in your
enrollment. If you drop from full-time enrollment to
less than full time, your eligibility for aid may be
reduced. Usually, you must be enrolled for at least
six hours to be considered for any type of aid. If you
need to change your enrollment, you can complete a Student
Information Form.
If you change your enrollment prior to the end of the
drop/add period, your grant and loan eligibility will
be recalculated based on the information you submit.
You will receive an email indicating a revised award
notification can be viewed on BannerWeb listing changes
in your aid package.
At the end of the drop/add period, your financial aid
will be frozen to reflect your enrollment as of that
date. Be sure you are enrolled for all the classes you
intend to take for the semester. Your financial aid
will not be adjusted after the end of the drop/add period.
When a student withdraws completely from the University
during a semester, the Office of Student Financial Assistance
is required to calculate the amount of federal Title
IV financial aid the recipient has earned for the semester.
This formula is provided by the U.S. Department of Education.
The Office of the Registrar will inform the Office of
Student Financial Assistance of the date the student
notified Miami of the intent to withdraw. This date
is used to calculate aid eligibility. For information
regarding the effects of withdrawing on state and university
aid, please refer to the financial aid award notification.
If you are thinking about withdrawing, please contact
our office for an estimate of how it will affect your
financial aid.
Keep in mind that if you drop a class or withdraw from
the university after the end of the drop/add
period, you may risk suspension of your financial aid
in future academic years. See Standards
of Satisfactory Academic Progress for more information.
|