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What is the consequence of dropping below 12 credits for an undergraduate ?

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What is the consequence of dropping below 12 credits for an undergraduate ?

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When an undergraduate full-time student, who has been billed at the flat-rate (12 to 18 hours), drops below 12 credits during the program change period, his charges are recalculated on the per credit basis and the difference between the revised per credit charge and the flat rate is refunded.

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