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What happens to my financial aid if I drop out during the semester?

What happens to my financial aid if I drop out during the semester?

Financial aid is pro-rated for the semester, meaning that aid is earned at a certain rate and not completely provided at the very beginning of the semester.  After the 60 percent point in the semester, all financial aid is considered earned.  Generally, earned aid is subtracted from your bill for tuition, fees, and books.  If earned aid is less than your bill, you will have to pay the balance.

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