Return of Financial Aid when a Student Withdraws from All Classes


A student is awarded financial aid with the hopes of attending and completing the entire semester.

When they do not complete the semester (received all “W” or “E” grades), a portion of their award may be returned to the U.S. Department of Education and New Jersey State.

Once a student withdraws, their award may be adjusted. The calculation of the adjusted award is based on the amount of time they attended their classes.

Examples for 2019FA (9/4/19-12/21/19)


Student 1:
  • Original Award = $306;
  • Withdrawal Date = 09/10/19 (6 out of 104 days in attendance);
  • % of Award Earned = 5.80%;
  • Adjusted Award = $17.75.

Student 2:
  • Original Award = $2,273;
  • Withdrawal Date = 10/31/19 (57 out of 104 days in attendance);
  • % of Award Earned = 54.80%;
  • Adjusted Award = $1,027.40.