Students who withdraw or are expelled before attending classes are not eligible for financial aid and must return/repay any aid that was disbursed. YVC will return any funds that applied to the student’s account, and the student must repay all other aid that was disbursed.
Federal and State financial aid recipients and others who qualify for aid, who begin attendance but withdraw from all classes, are expelled, or otherwise stop participating within a term, are required to repay federal and/or state aid funds based on the calculation of the “unearned” portion of their aid. The proportion of the aid that is “earned” is calculated by taking the number of calendar days of attendance divided by the number of calendar days in the term (excluding any period of 5 consecutive days when no classes are held). If the student has completed more than 50% of the term before withdrawal, the student is considered to have “earned” 100% of the state grant aid awarded; if the student has completed more than 60% of any term before withdrawal, the student is considered to have “earned” 100% of the federal financial aid. However, if the student completed less, the portion of “unearned” aid is the percent of the term that was unattended or 100% less the “earned” percentage, and is subject to repayment.
