Over Award Status
If you are in Over Award Status, you will owe money back to the Federal aid program and may be ineligible for any additional funding at any institution. Federal funds received must be paid back within 45 days. If you have not paid the funds back, you will be reported to the National Student Loan Data System (NSLDS) which will prevent you from future financial aid.
Two Examples of Over Award Status
- An over award occurs when you drop below half-time enrollment status before the mid-semester Drop Dead Date and have received your first financial aid disbursement.
- Any grant, scholarship, book voucher, or money received must be reported to Student Financial Services. Money received beyond your financial need (budget – EFC – financial aid = need) will put you in Over Award Status.
Withdrawing From Classes
If you withdraw from all classes before completing more than 61% of the semester, you will be required to return any "unearned" Federal funds (federal work study earnings are excluded from the calculation). Your official withdrawal date will be the effective date of withdrawal entered into MPC's computer system.
You will be notified of any funds you may owe, or you may be offered any funds which were not disbursed, within 30 days of the withdrawal date being posted.
If you drop all classes before the mid-semester "drop dead" dates, you will need to repay some or all of your Federal funds. If you officially drop your classes after these dates you will not need to repay Federal financial aid.
If you withdrew from school early and did not receive all of the Federal aid for which you were eligible, we will send you a letter offering the aid. You will need to notify us within 14 calendar days whether or not you want the funds. If you request the funds, a check will be mailed to you.