What happens to your aid if you withdraw?
If you withdraw from IU East after your aid has been applied, the federal government requires us to calculate whether your aid must be repaid. We may return all or some of the money already applied to your student account. The amount that will be repaid will depend on when you withdraw and what charges are on your student account.
Your Frank O’Bannon and 21st Century Scholars awards will be affected
If you officially withdraw from a semester or drop below full-time enrollment before the state census date (end of the 25% refund period or 28th day of the term), the state requires that your O’Bannon and 21st Century Scholars awards be cancelled. If your state aid is cancelled, you will receive a notification at your university email address. You can also view your financial aid online.
You may have to repay some money
Within 45 days after you withdraw, we’ll send you a letter that lists the aid we’ve returned to federal Title IV programs on your behalf.
If you received federal aid funds directly (for example, as a refund to be used for other educational expenses), you might have to return some of that money.
We’ll bill you for any IU charges that remain unpaid.
You may not be eligible for future aid
If you withdraw from IU, your eligibility to receive aid in the future may be affected. Make sure you understand what it means to make satisfactory academic progress.
Learn how to keep your aid