College Withdrawal Information for Financial Aid Recipients

When a student withdraws from the College before the end of the semester, federal regulations require that Potomac State determine whether any of the student's financial aid must be repaid. A student "earns" financial aid based on the length of time he or she remained enrolled. If more than 60% of the semester has passed, all aid is considered earned and no funds have to be repaid. If charges over and above the amount of earned aid are not covered by other payments, the student will be billed for the amount of the difference. Students owing a repayment for any federally sponsored aid are not eligible for financial aid during future enrollment periods until satisfactory repayment arrangements have been made with the US Department of Education.