How Will Withdrawing Affect My Financial Aid?
With the start of the Fall 2020 semester, many students are
still looking to finalize a schedule that best meets their needs, which often involves
dropping one or more courses. Before you commit to dropping a course, it is
important that you understand how it may affect your financial aid.
The schedule adjustment deadline for the Fall 2020 semester
is Thursday, September 10. This deadline represents the final day to make
schedule adjustments, change your course grading method or drop a course
without receiving the grade of “W.” This date is also incredibly important when
it comes to your financial aid.
Dropping courses before
September 10, 2020
Courses you drop on or before Thursday, September 10 can
impact your financial aid. If the course(s) you drop changes your enrollment status
from full-time to part-time (fewer than 12 credits for undergraduate, fewer
than 9 credits for graduate), then your financial aid will be adjusted to
reflect your actual enrollment. If the course(s) you drop does not change your
enrollment status, then your financial aid will be unaffected.
Dropping courses
after September 10, 2020
Once the schedule adjustment deadline passes, dropping a
course will see you earn the grade of “W” on your transcript. Whether or not
the financial aid you have been awarded for the semester requires adjustment will
depend on how many courses you decide to withdraw from. As long as you remain
enrolled in at least one course – and earn a passing grade – withdrawing from
one or more courses after the schedule adjustment deadline will not require an
adjustment to your financial aid. This is true even if you are moving from an
enrollment status of full-time to part-time.
However, if you decide to withdraw from all of your courses
before completing at least 60 percent of the semester, you may become
ineligible for a substantial portion of your financial aid. This is also true
if you fail all of your courses, withdraw from all of your courses or have some
combination of the two.
When will my aid be
adjusted?
All financial aid applicants receive a financial aid offer
that assumes they will be enrolled as a full-time student. If you are planning
to enroll as a part-time student, you can proactively complete and submit an
“Enrollment Update” form to notify our office. This form allows us to adjust
your financial aid based on your anticipated enrollment. All other part-time
students will see their financial aid adjusted after September 10, but before
the first part-time disbursement date for the Fall 2020 semester, September 15.
If you withdraw from all of your courses, our office will review your account
and notify you of any changes within two to four weeks.
You can read more about the financial
consequences of withdrawal by visiting our website. As always, feel free to
contact us with any concern you might have.
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With the start of the Fall 2020 semester, many students are still looking to finalize a schedule that best meets their needs, which often involves dropping one or more courses. Before you commit...
https://financialaid.umbc.edu/
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UMBC Office of Financial Aid and Scholarships
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Tue, 01 Sep 2020 10:19:30 -0400
The Office of Financial Aid and Scholarships is Hiring!
Targeted Start Date: January 6, 2020
Are you looking for an on-campus job to equip you with skills that will give you a leg up in any career? Consider applying for a position with the Office of Financial Aid and Scholarships! We are looking for several focused, highly detail-oriented students to fill vacancies for our Front Office Assistant Position.
Front Office Assistants are in integral part of the
financial aid office. Last year, our office assisted over 18,000 current
and prospective students and their families through the financial aid
process. Your efforts will help ensure that thousands of students
understand the process, get their financial aid on time and let them
focus efforts on pursuing a higher education. If this sounds interesting
to you, complete the attached application and submit it to the Office
of Financial Aid and Scholarships <strong>by 4:00 PM on Monday, November 4</strong>.
Please note: The targeted start date for this vacancy is Monday, January 6, 2020. You will be required to be available for training that week, which will run approximately four hours each day, Monday through Friday. This position requires a time commitment of at least 10 working hours per week.
If you have questions that aren't answered by the attached application packet, please contact Joseph Michelizzi, Front Office Coordinator, at
micheliz@umbc.edu.
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Are you looking for an on-campus job to equip you with skills that will give you a leg up in any career? Consider applying for a position with the Office of Financial Aid and Scholarships! We are...
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UMBC Office of Financial Aid and Scholarships
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Thu, 24 Oct 2019 12:36:28 -0400
Front Office Assistants Needed for 2019-20
Applications Due April 26th
Front Office Assistants in the Office of Financial Aid and Scholarships assist students and parents with questions about the financial aid process at UMBC. Assistants are often families' first point of contact with OFAS and helped our office assist more than 14,000 callers and visitors in 2018.
Interested in joining our staff as a Front Office Assistant? View this announcement in myUMBC, complete the attached application and submit it to the Office of Financial Aid and Scholarships (Albin O. Kuhn Library, lower level-pondside) by 4:00PM on Friday, April 26th.
Questions? Please contact Joseph Michelizzi, Front Office Coordinator at
micheliz@umbc.edu.
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Front Office Assistants in the Office of Financial Aid and Scholarships assist students and parents with questions about the financial aid process at UMBC. Assistants are often families' first...
https://financialaid.umbc.edu/
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Mon, 08 Apr 2019 09:30:07 -0400
Mon, 08 Apr 2019 12:00:57 -0400
Education Finance Council Twitter Chat TODAY @ 2:00PM
Learn about college applications & the 2019-2020 FAFSA
The Education Finance Council is hosting an "Understanding the FAFSA"
Twitter chat TODAY (Wednesday, September 12th) at 2:00 p.m. ET.
Tune in, ask questions, and get
advice from higher education and financial aid experts using the hashtag
#collegesuccess.
Remember, the 2019-2020 FAFSA goes live on October 1st, so now is a great time to get a heard start on your application questions!
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The Education Finance Council is hosting an "Understanding the FAFSA" Twitter chat TODAY (Wednesday, September 12th) at 2:00 p.m. ET. Tune in, ask questions, and get advice from higher...
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