What Happens if You Leave the Scholarship?

What happens if you leave the scholarship? Dropping out of school is a common choice, whether you have a personal emergency or are struggling with academic responsibilities. If you’re thinking about dropping out, you might be concerned about what will happen to your financial aid.

If you drop a class during the add/drop period and are no longer enrolled full-time, your scholarship for that semester will be cancelled if full-time enrollment is a requirement for that scholarship. 

If you drop a class after the add/drop period, your scholarship will not be adjusted unless you drop all of your courses.

Also, if you drop all of your classes, your scholarship may be prorated to match the tuition assessment. 

For example, if you drop all of your classes during the 80% tuition refund period, your scholarship may be reduced to 20% of the original scholarship award for that semester. 

Your future scholarship eligibility may be jeopardized if you withdraw from a course. 

Many renewable scholarships require students to complete a minimum of 12 credit hours per semester in order to be eligible for the following academic year’s award.

What Happens if You Leave the Scholarship?

If you drop out of college, you will not be paid for the current semester.

If you reapply and are accepted, you may be able to use the approved funds for the following semester, depending on the scholarship rules.

Please keep in mind that there is a between dropping out and taking a break from school.

You can skip lectures for a semester without completely dropping out of college.

If you intend to return to school in the coming months or even next year, do not drop out completely. 

You will retain your enrollment as well as your active financial aid. This saves you the time and effort of reapplying for scholarships.

What Happens to Your Financial Aid if You Withdraw or Drop a Class?

After the semester begins, most colleges have drop/add periods. During this time, you can drop a class and receive a tuition refund. 

Colleges may charge a small drop fee of around $20 per instance.

If you drop a class after the drop/add period, you will not receive a tuition refund.

The course may also be kept on your transcript.

Dropping or withdrawing from a class may result in you not making Satisfactory Academic Progress in some cases (SAP).

This indicates that you are not taking enough degree-related classes.

Some types of financial aid, such as Pell Grants and federal student loans, in order to be eligible. 

If you are no longer on that path, your financial aid may be withdrawn.

This may necessitate the use of private student loans to cover the costs.

Now you’ve got an answer to; “What Happens if You Leave the Scholarship?” Please leave further questions in the comment box below.

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StudentsandScholarship Team.