A students who withdraws from school and/or from classes, will have withdrawals counted as attempted hours in determining aid eligibility if enrolled on the census date or after the drop/add date. A calculation of Title IV funds to be returned must be completed for a student who withdraws from ALL classes before completing the payment period or period of enrollment. Withdrawals may impact Title IV eligibility.
Incomplete coursework will not be considered as being successfully completed. Incomplete grades count as “credits attempted” and “credits not earned” until the grades have been changed to passing grades. Grades of “F”, “I” (Incomplete), “W” (Withdrawals), “WP” (Withdrawal while passing), or “FA” (Failure due to absences), will not be considered as successful completion of a course, but will be included in hours attempted.
It is important to note that the financial aid course repeat policy is different from the Oakwood University course repeat policy as it relates to courses previously passed. Financial Aid will only pay on time for a repeated course that was previously passed with any grade of D or better. However, if the student fails the class, Financial Aid will pay for them to repeat it more than once subject to the regular SAP policy. Additionally, repeated courses will be counted as hours attempted but not earned when calculating the percentage of courses completed.