The Enoch Olinga College, Inc.

Withdrawing & Financial Aid

The Higher Education Amendments of 1998 (HEA98) presents a major shift in the requirements for returning Title IV Federal Financial Aid when a student withdraws from the university. This policy governs all Federal grant and loan programs (PELL, SEOG, Stafford Loans, Perkins and PLUS loans), but does not include the Federal Work Study programs. The effect of this policy is to separate the Institute's Tuition Refund Policy and the calculation of earned financial aid. Because this is a much more complicated process and may leave the student with an immediate obligation to the U.S. Department of Education, all students are advised to consult the Student Finance office before withdrawing.

In general, the new law assumes that a student "earns" Federal Financial Aid awards in proportion to the number of days completed in the term prior to the student's complete withdrawal. If a student completely withdraws from school