Federal financial aid is awarded based on the dates to which you are registered for each semester. Students “earn” federal financial aid by attending courses during your scheduled enrollment period.
Withdrawal means that a student will leave Questrom School of Business without a plan to return and will need to file an application for readmission if or when they wish to re-enroll. Leave of Absence (LOA) is a plan to leave Questrom while arranging for a specific pre-approved return date, within one or two semesters.
If you are a merit scholarship recipient, changes to your enrollment could impact your scholarship eligibility. If you have been awarded federal financial aid, but then change your enrollment or stop attending, your federal financial aid eligibility must be re-calculated based on your adjusted enrollment.
This calculation does not coincide with the tuition refund schedule set by Student Account Services but instead, determines the percentage of the original award amount that was earned prior to your official withdrawal or drop date. This can result in an immediate balance on your student account. Please contact Questrom Financial Aid to discuss the possible financial implications of adjusting your enrollment.
Return to Title IV Funding
A Return of Title IV (R2T4) calculation will occur when your period of enrollment changes from receiving an FN grade, withdrawing, or dropping your last class in a semester before completing at least 60 percent of your period of enrollment. An R2T4 calculation can also occur if you are dis-enrolled from your last class in a semester or if that class is cancelled. When you withdraw from Questrom before completing 60 percent of your scheduled enrollment in any semester, Questrom must return a portion of the Title IV financial aid grant and loan funds you received to the respective federal financial aid program suppliers. The result is an immediate balance owed to Questrom.
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