How changing enrollment may affect aid

Because financial aid is initially awarded prior to registration, your initial financial aid award is based the assumption that you will maintain full-time enrollment status. 

  • Undergraduate full-time enrollment = 12+ credit hours
  • Graduate full-time enrollment = 9+ credit hours.

If you drop classes and fall below full-time course enrollment status...

  • Your financial aid award may be adjusted/decreased based on the number of credits you keep for the term. 
  • Therefore, if you received a refund before the drop/add period, it is possible that you may have to return some or all of that refund.

Undergraduate Students:

  • If you stay at full-time status (12 credit hours or more), no action is required. Your financial aid award will not be adjusted.
  • If you take 11 hours or less after drop/add, your aid may change. The Financial Aid office will notify you if your balance has been changed. Watch your email for this notice. It will be sent after the drop/add period.

Graduate Students:

  • If you stay at full-time status (9 credit hours or more), no action is required. Your financial aid award will not be adjusted.
  • If you take 8 hours or less after drop/add, your aid may change. The Financial Aid office will notify you if your balance has been changed. Watch your email for this notice. It will be sent after the drop/add period.

  • We will review changes to all students’ enrollment statuses after the drop/add period has ended.  
  • As long you are at full time status after the drop/add period ends, no changes will be made to your award due to enrollment status.
  • All financial aid and educational resources must fit within your budget. If we become aware of additional financial aid or other resources, this over award must be eliminated by reducing or cancelling other aid. 
  • You have the right to cancel all or a portion of your PLUS, Stafford or Perkins loans, even after the loan funds have been disbursed to you.
  • If you wish to cancel an already disbursed loan, you must notify OSFA within 14 calendar days of the billing statement notifying you that the funds have been applied to your account.
  • The parent borrower has the right to cancel all or a portion of the PLUS, even after the loan funds have been disbursed to your UNC Charlotte student account.
  • If the parent wishes to cancel an already disbursed PLUS, the borrower must notify OSFA within 14 calendar days of the billing statement notifying you that the funds have been applied to your student account.
  • If you are out of school for at least 6 months, you need to begin repaying your loans. Your lender will contact you when repayment begins.
  • If you return to school within 6 months, your loans will remain in deferment, but it is your responsibility to make sure the lender is aware you have re-enrolled. 
  • You may be billed for a portion or all of your financial aid if you withdraw from the university.
  • The bill calculated as a result of withdrawal will depend on the effective date of withdrawal, the percentage and amount of institutional refund, and/or the last date of class attendance.
  • View Financial Aid (Title IV) Return Policy for more information about the effects of withdrawing from UNC Charlotte.
  • Read more about withdrawing from classes