About 45 days after you withdraw, we’ll send you a letter that lists the aid we’ve returned to federal Title IV programs on your behalf.
If you received federal aid funds directly (for example, as a refund) to be used for other educational expenses, you might have to return some of that money.
We’ll bill you for any IU charges that remain unpaid.
If you withdraw from IU, your eligibility to receive aid in the future may be affected. Make sure you understand what it means to make satisfactory academic progress.
Learn how to keep your grants and loans
When you’re enrolled in classes, you “earn” your aid as you go through the semester. If you were to withdraw late in the semester, less aid would be repaid than if you withdrew earlier.
Withdrawing before the semester starts
If you receive a refund on a Federal Direct Loan, we’ll notify Direct Loan School Services if you withdraw before the semester starts. You’ll get a letter from School Services Loan Counseling asking you to return the loan proceeds, since you’re no longer eligible for the money.
Withdrawing after the semester starts
If you withdraw before attending more than 60 percent of the semester or session, a percentage will have to be repaid to any of these federal programs from which you received aid: