How Enrollment Affects your Financial Aid

How Enrollment Affects your Financial Aid

Most assist packages and award quantities are affected by the variety of semester credit hours (SCH) for which you enroll and the quantity you pay for fundamental tuition and charges. You pay a decrease tuition-and-fee price if enrolled for six (6) semester credit hours or much less.

Your Enrollment May Affect Your Award Amount

Your award quantity will doubtless change in case you enroll lower than full time.

If you might be an undergraduate, your award earlier than the census date* relies on the idea that you can be enrolled full time – 12 SCH or extra.

Your monetary assist will prorate as much as the census date, at which period we’ll lock your semester credit hours, and your monetary assist will neither enhance nor lower for the remainder of the semester.

*The census date is the twelfth class day of a protracted semester or the 4th class day of a summer time semester.

Programs That May be Affected

Some assist quantities will probably be lowered or canceled in case you enroll in fewer than 12 SCH as an undergraduate.

You should be enrolled no less than half time to obtain some quantity from most assist packages, together with student loans. If you enroll lower than half time, you start your grace interval and reimbursement of your student loans.

These are among the monetary assist packages and the way the award quantities could also be affected by your enrollment.

  • Pell Grants prorate primarily based in your enrollment.
  • Federal Supplemental Educational Opportunity Grants (FSEOG), Texas Public Education Grants (TPEG), Ram Grants and Federal Direct Loans require half-time enrollment. These grants additionally prorate relying in your enrollment.
  • Some scholarships require that you simply enroll full time to obtain the funds.
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Adding or Dropping Classes

Disbursement of monetary assist relies upon the variety of semester credit hours through which you might be enrolled on the time your assist is launched.

If you add courses after your monetary assist has been disbursed:

  • You could also be entitled to further funds, which will probably be launched through the subsequent disbursement.
  • If you have got acquired all your awarded funds, be ready to pay any further prices because of added out-of-state tuition (tuition will increase for every class you add) or class lab charges, and many others.

If you drop courses after all of your monetary assist funds have been disbursed previous to census:

As an undergraduate, we assume that you’ll enroll full time, subsequently, your monetary assist may very well be lowered. If you drop courses after receiving full-time funds, it’s possible you’ll be required to repay some or the entire funds.

If you acquired a refund, Student Accounts will ship you an digital billing discover for the quantity you owe.

Dropping courses after census:

If you drop courses after the census date, you will not be required to repay monetary assist funds. However, as a result of your enrollment has modified, your profitable completion price will lower. This is not going to have an effect on your present monetary assist, however you want to pay attention to the way it impacts Satisfactory Academic Progress. 

Withdrawing from ASU

If you will need to withdraw from ASU, seek advice from the Registrar’s Office for withdrawal procedures.

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Depending on the date you withdraw and what number of days you attended courses, it’s possible you’ll be granted a refund of your tuition and charges, however you additionally could also be required to repay some or the entire monetary assist you acquired for that semester. Once you withdraw:

  • We will decide in case you acquired funds for which you might be now not eligible, in line with federal laws.
  • If you acquired funds for which you might be now not eligible, Student Accounts will ship you an digital billing discover for the quantity you owe.
  • If Student Accounts determines that you’re eligible for a refund of some or all your fundamental tuition and charges or out-of-state tuition, you can be issued a refund in line with your choice.

Withdrawing from Classes

You may owe for funds that you simply’ve already acquired, and also you would possibly incur a semester credit hours deficiency.

  • Any remaining refund quantity will probably be deposited to your bank account.
  • If you borrowed student loans, contact the Loan Servicing Center as quickly as you withdraw to find out when you will need to start repaying your loans.

The semester could also be counted as a semester of enrollment, and it’s possible you’ll incur a semester credit hours deficiency which will affect your future assist eligibility.

Refunds

Federal laws beneath Title IV require the college to find out if a refund should be made to the student or if monetary assist that has already be disbursed to you should be returned to the federal authorities accounts.

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Concurrent Enrollment at Another College

You are solely eligible to obtain monetary assist at one college per time period. If you’re going to enroll at two colleges, please determine at which college you wish to obtain your assist and notify the each colleges.

Limited Eligibility for a Second Master’s Degree

If you might be pursuing a second grasp’s diploma, it’s possible you’ll be eligible for the Direct Loan Program.