My student is considering underloading (dropping below four credits). How does this impact financial aid?

If a student takes at least three credits during a term, financial aid will not be impacted. 

If a student takes fewer than three credits, aid will be reduced by the same amount as the reduction in the tuition charges and book costs (the part-time book allowance is half of the full-time book allowance).  Your family contribution will remain the same, as will the budget for housing, meals, and miscellaneous expenses.  This means that for some need-based aid recipients, there is no financial advantage to taking less than a full-time course load since your family contribution does not change.

Please note: If a student takes fewer than two credits, he or she may no longer be eligible to receive federal loans and certain types of grant assistance.  To find out how financial aid may be impacted if you will be enrolled in fewer than two credits, contact us.