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If you withdraw from school during the semester, the law requires the Financial Aid Office to determine the amount of the federal financial aid (grants or loans) that you have earned. If you received more aid than you earned, the excess funds must be returned. The amount of aid that you have earned is based on the amount of time that you spent in academic attendance; it has no relationship to the institutional charges that you may have incurred. For example, if you completed 30 percent of the semester, you earned 30 percent of the aid you were offered. Once you have completed 60 percent of the semester, or approximately 69 days of attendance, you are considered as having earned all of your financial aid. If no date is recorded for your last date of attendance, the Financial Aid Office will assume that you completed 50 percent of your coursework, and your eligibility for aid will be calculated using the 50 percent figure.

The Financial Aid Office will calculate the return of funds and notify you of the amount of aid that you are now eligible to receive. We will tell you what arrangements you must make to repay any funds that you are no longer eligible to receive. If you withdraw from classes after you are mailed an overage check check, you may need to return some of those funds.


If you have borrowed any loan funds they must be repaid in accordance with the terms of your promissory note. That is, you make scheduled payments over a period of time to the holder of the loan.

Bay de Noc Community College will return Title IV funds to the programs from which you received aid during the payment period in the following order, up to the net amount disbursed from each source:

  • Federal Direct Unsubsidized loan
  • Federal Direct Subsidized loan
  • Federal Direct PLUS loan
  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity Grant (FSEOG)
  • Federal Teacher Education Assistance for College and Higher Education Grant (TEACH)