Financial aid is based on enrollment status (actual number of hours enrolled) at the end of the Drop/Add period. Financial aid awards may be adjusted for students who add, drop, or withdraw from classes during the academic year. A minimum of half-time enrollment is required for most financial aid programs.
|Full Time||12+ credits||9+ credits|
|¾ Time||9 – 11 credits||6 – 8 credits|
|½ Time||6 – 8 credits||4 – 5 credits|
|Less than ½ time||1 – 5 credits||1 – 3 credits|
Graduate Students: Only graduate level courses (those numbered 5000 & above) will be counted in calculating financial aid eligibility. Pre-requisite undergraduate courses may be counted in determining eligibility if they are required for the degree program and approved by the Graduate School.
Withdrawal: Students who receive Federal financial aid and completely withdraw from courses must have their financial aid eligibility recalculated based on the Federal Financial Aid Withdrawal Policy. As a result, the student may owe money to Madonna University and/or the U. S. Department of Education. Failure to pay back excess funds may result in the loss of all future financial aid.
Students who partially withdraw from courses may have their financial aid eligibility recalculated, which may result in an adjustment to the amount of the aid awarded.
It is extremely important that students consult with the Financial Aid Office before
withdrawing from classes.
Drop: Students who register and then drop their classes before they begin will have their financial aid eligibility recalculated based on remaining hours.
Failing Grades: Students who receive a failing grade (F) because they stopped attending the class (unofficial withdrawal) may have their financial aid eligibility recalculated based on remaining hours and/or last date of attendance. As a result, the student may owe money to Madonna University and/or the U. S. Department of Education.
Repeated Courses: Students may only receive Federal financial aid funding for one repetition of a previously passed course. There is no limit on the number of times a student may retake a course if a passing grade is not earned. All repeated courses, including withdrawals from repeated courses, affect Satisfactory Academic Progress for Financial Aid as outlined in the University bulletin. A repeated course along with the original attempt must be counted as attempted credits.