What happens to my financial aid if I take a Leave of Absence, Withdraw or Drop All Course Work?
Federal Funds Financial aid programs created by the federal government are called ‘‘Title IV Funds’’ and include the Stafford Loan, and Graduate (PLUS) Loan. Title IV funds are awarded with the understanding that the student will attend school for the entire period for which the assistance was offered. However, should you need to take a leave of absence or withdraw*, you may no longer be eligible for the full amount of Title IV funds awarded in your Award Letter. Federal law requires that the Financial Aid Office determine at what point Title IV funds will cease to be made available once your enrollment has ended, and any unearned funds will be returned to the federal financial aid program. There is no relationship between this process and how LMU determines what you will be charged when you take a leave of absence or withdraw. LMU, State, and Private Funds The Financial Aid Office uses this same formula to determine how much LMU-funded financial aid you have earned. Eligibility for th
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- What happens to my financial aid if I take a Leave of Absence, Withdraw or Drop All Course Work?
