A student's financial aid is, in part, determined by the total number of credits for which they are enrolled and therefore may be affected by changes to that number. There are multiple situations that may cause a student's financial aid to be adjusted due to changes in credit load.
What is the Minimum Number of Credits for Which I Need to be Registered to Receive Aid?
To receive Federal Direct Student Loan, Federal Perkins Loan or Federal Supplemental Educational Opportunity Grant (FSEOG) funding students must take at least six credit hours a semester.
Students may receive a Federal Pell Grant even if they take just 1 credit. However, the amount of the grant is pro-rated based on the number of registered credits.
Do Waitlisted Courses Count Towards My Enrollment Status?
No, waitlisted courses do not count towards a student's enrollment status. Only courses in which a student is officially registered are counted.
Do Audited Courses Count Towards My Enrollment Status?
No, audited courses do not count towards a student's enrollment status. Only remedial courses or courses for which credit can be earned are counted.When a student chooses to audit a course, they are agreeing that they will not be graded, and that they will not receive credit for the course. The course does, however, appear on the academic transcript noted as an audit.
What Happens if I Don't Take the Same Number of Credits I Said I Would on the Financial Aid Section of CyberBear?
A student's cost of attendance and financial aid amounts directly correspond to the enrollment status indicated on CyberBear. As long as a student is enrolled in at least six credits they will see their loan credited to their registration bill as "confirmed future aid" to help complete the bill payment process. However, until they are registered for at least the minimum number of credits indicated by their enrollment status, only the Federal Pell Grant will disburse, and it will be prorated.
If a student's enrollment status needs to be adjusted to fit their actual credit load they need to contact the financial aid office to request a change to their enrollment status. That change needs to be fully processed before a student's aid (other than the Federal Pell Grant) will pay.
If a student registers for more credits than indicated by their enrollment status their aid will disburse but at the levels originally indicated. A student in this situation would still want to contact the Financial Aid Office to adjust their enrollment status as the higher credit load may increase their aid eligibility.
What Happens to My Federal Pell Grant if I Add or Drop Classes after the Funds are Disbursed?
If a student reduces their credit load after their Federal Pell Grant has paid, but before the 16th class day in the semester, the grant amount may be adjusted down and the student would be required to repay the returned portion of the grant. If a student drops or adds a class after the 15th class day, the Federal Pell Grant will not be adjusted down or up.
I Didn't Drop Any Classes But My Federal Pell Grant Was Reduced. Why Did This Happen?
How Does Dropping a Class Affect My Aid Eligibility in Future Terms?
How Does Dropping a Class Affect My Current Semester Aid?
If it is past the 15th class day of the semester and a student drops a course, as long as they began attendance in the course, their current semester aid should not be affected. If a student drops a course before the 16th class day of the semester their aid may be reduced. The reduced amount is owed to UM immediately. While not required, it is recommended that students planning on dropping one or more of their classes contact the Financial Aid Office prior to doing so.
If a student withdraws from all of their semester courses they may be required to repay some or all of that current semester's financial aid. If a student is planning on withdrawing from all of their semester courses they should speak to a withdrawal coordinator in the Business Services Office. Students who stop attending all of their classes, but do not withdraw, may also have to repay a portion or all of their aid.