It is our sincere desire to make the Drake experience one that will make a lasting impact on your life. Although we want every student to remain enrolled, we do realize that there are various reasons why one may choose to withdraw. For more information about the impacts of withdrawing and financial aid, please click on the following links:
Financial Aid for Complete Withdrawals: how financial aid is recalculated as a result of a student withdrawing
Return of Title IV Funds Regulations: regulatory facts about withdrawing and financial aid
Tuition Charges for Complete Withdrawal: how tuition charges are recalculated as a result of a student withdrawing
Withdrawal Percent Schedules: actual fall and spring percentages used to recalculate student financial aid. (Due to the complexity of various summer sessions, a summer percentage schedule will be provided per student request.)
2013 Fall Withdrawal Percentages or 2014 Spring Withdrawal Percentages.
New Title IV (federal student aid) regulations define any course that exists within a semester but does not span the entire semester as a compressed course (i.e. a weekend and evening course that meet for shorter periods). For compressed courses, a student may be considered withdrawn from the semester if he or she drops a course even after completing another course within the semester. For example, a student enrolls for two courses; three credits each, in the fall term. The first course meets every other weekend during November and December. In early November, after completing the first course and prior to beginning the second course, the student drops the second course. According to new regulations, the student is a withdrawal from the fall semester for federal student aid purposes and is subject to a return of federal student aid calculation. Please note that the return of Title IV financial aid for compressed courses may not align with the complete withdrawal percentage schedule.