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Dropping units during the semester will cause the financial aid award to be recalculated at the time of the 2nd refund date.  For example, if you are funded as a full-time student and then drop to half-time by the second refund date, you would only be eligible for your first refund (50%). You would be considered paid completely as a half-time student and would NOT receive a second refund.

 
Example of a students Pell eligibility based on zero EFC and enrollment status:
Enrollment Status 1st Refund 2nd Refund Semester Total
12 or more units (full-time) $1623.75 $1623.75 $3247.50
9 - 11.5 units (3/4) $1217.75 $1217.75 $2435.50
6 - 8.5 units (1/2) $812.00 $812.00 $1624.00
.5 - 5.5 units $209.50 $209.50 $419.00
Example Calculation starting with 1st refund @ full-time:

If you drop from full-time down to 3/4-time: 2435.50 - 1624.00 = 811.50 (2nd refund)

If you drop from full-time down to 1/2-time: 1623.75 - 1624.00 = 0.25 (2nd refund)

If you drop from full-time down to less-than-half-time: 419.00 - 1624.00 = -1205.00 (you owe back)


Example Calculation starting with 1st refund @ 3/4-time:

If you drop from 3/4-time down to 1/2-time: 1624.00 - 1217.75 = 406.25 (2nd refund)

If you drop from 3/4-time down to less-than-half-time: 419.00 - 1217.75 = -798.75 (you owe back)


Example Calculation starting with 1st refund @ 1/2-time:

If you drop from 1/2-time down to less-than-half-time: 419.00 - 812.00 = -393.00  (you owe back)

 

For more information:

Contact: Marnie Shively
Phone: (209) 588-5313
Email: shivelym@yosemite.edu
Office Hours: Monday - Friday 8:00AM to 5:00PM