as an example, that you were scheduled to receive if you completed 30 percent of your payment period or period of enrollment, you have earned 30 percent of the aid. Beneath the legislation, that you were scheduled to receive for that period if you complete more than 60 percent of the payment period or period of enrollment, you will be treated as having earned the full amount of aid.
That you earned, you may be due a post-withdrawal disbursement if you did not receive all of the funds. In the event that post-withdrawal disbursement includes education loan funds, you might elect to decline the education loan funds to make sure you don’t incur student loan debt that is additional. De Anza university may immediately make use of all or a percentage of the post-withdrawal disbursement (including education loan funds, in the event that you accept them) for almost any tuition and costs which you owe. The college needs your permission to use the post-withdrawal disbursement for other charges. You will be offered the funds if you do not give your permission. Nevertheless, it might be in your interest that is best to allow De Anza university to utilize the funds to your student account so that you can reduce any fees which you owe the faculty. (more…)