Award Information · The Standard Expense Budget · Types of Aid Available · Federal Work Study · Additional Sources of Assistance · The Award Letter · Satisfactory Academic Progress · Withdrawal Information · Transfer Student Information · Disbursement Information · Revision Procedures · Summer Term Students · Sponsored Accounts · Rights and Responsibilities

Withdrawal:
By dropping your last class, you provide notification to the Registrar's Office of your intent to withdraw from Lane Community College. Withdrawing may result in financial debt for you and a loss of eligibility for future financial aid, including loans. If you withdraw prior to your financial aid disbursement and were eligible for a Pell Grant, it is possible that you may still be eligible for a portion of the grant. The College strongly urges you to visit Enrollment and Student Financial Services before you withdraw to inquire about consequences and eligibility. Enrollment and Student Financial Services will refer you to a Financial Aid Advisor, a Counselor or an Academic Advisor to help you with your decision about withdrawing.

Financial Consequences of Withdrawal:
In 1998, Congress amended rules about student eligibility for federal aid. These rules assume that students “earn” financial aid over the course of a term by attending and participating in classes. You cannot “earn” all of your funds unless you maintain attendance and class participation for more than 60% of the term. (This calculation counts all calendar days, including the first and last day of each term, weekends and holidays.)

If you withdraw or stop attending before the 60% point, you do not “earn” all of your financial aid funds. The percent of funds you did not “earn” is the same as the percent of the term you did not attend. The college is required to return the unearned portion of your tuition and fees (institutional charges) to the US Department of Education. You may also be required to repay a portion of the funds you received for non-institutional expenses. YOU MUST REPAY THE COLLEGE FOR THE TOTAL AMOUNT of the institutional charge return. You will not be permitted to re-enroll at Lane until this amount is paid, and the college will actively seek collection of this debt. The college returns funds to financial aid programs that you received in the following order:

• Federal Direct Stafford Unsubsidized Loan**
• Federal Direct Stafford Subsidized Loan **
• Federal Perkins Loan **
• Direct Parent PLUS Loan **
• Federal Pell Grant
• Academic Competitiveness Grant
• Federal SEOG
• Other federal financial aid programs (excluding Federal Work Study)

**Federal loans are repaid under the terms and conditions of the promissory note.