will withdrawing from a class affect my financial aid?

Question

i am on financial aid probation from last semester, and this semester i took 3 classes which equals up to 6 credits... if i drop 1 class will this affect my financial aid for next semester?

or can i just repay the school for that class in cash?

Answer 1

Yes, it will most likely affect your financial aid since you are already on probation. Schools have to follow what is called Satisfactory Academic Progress. There are three parts:

Qualitative (maintain a your school's minimum GPA requirements)

Quantitative (You must also satisfactorily complete a cumulative minimum for your school of all credit hours for which you are registered)

Maximum Time Frame (institutions have to establish a maximum time frame in which students receiving Title IV funds are expected to complete the program of study and beyond which they no longer qualify for assistance)

You'll have to find out if your probabtion was due to Qualitiative or Quantitative SAP. In any event, you should talk to a financial aid officer at your school first before deciding to drop out of class. Good luck!