Withdrawal and Return of Funds Policy
If a student completely withdrawals from all classes before completing 60% of the semester, he/she will be required to return the portion of the financial aid that was not earned to FDTC and/or the Department of Education. The Return of Federal Funds Regulations only involves students receiving financial aid that completely withdraw from all classes, not those that drop a course. The following programs are adjusted:
- Pell Grant (Pell)
- Supplemental Education Opportunity Grant (SEOG)
- Stafford Loans.
After the student completes 60% of the term, the U.S. Department of Education considers the student and the College to have earned all the financial aid paid for the semester.
Any student considering completely withdrawing should come by the Financial Aid Center in the 100 Building to find out about the return of Federal Funds before starting the withdrawal process.