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Withdrawal

If you plan to withdraw from Â鶹´«Ã½ÍÅ¶Ó Tech before the end of an academic session, you must follow the formal withdrawal process through the Registrar's office. It is encouraged that you look at the drop/withdrawal dates prior to making your decision.

If you withdraw from the college:

• Your current financial aid may change; changes to financial aid are made according to federally mandated formulas.
• The revision of your records and enrollment dates may affect your financial aid in the future.
• Financial aid returned to the source (lender, program, etc.) will appear on your account as a charge.
• You will be notified of any changes to your award.

Transfer

If you plan to transfer from Â鶹´«Ã½ÍÅ¶Ó Tech to another institution at the end of a semester, you must cancel any registration for future semesters.

• Notify the Office of Financial Aid of your intention to transfer at the end of current semester so that pending financial aid can be canceled.
• Financial aid does not automatically transfer with you; you must reapply for financial aid at the new institution.
• Add the code for the new institution to your FAFSA.
• Contact the new school regarding its process for applying for financial aid.

Graduation & Extended Absence

Before graduating from the Â鶹´«Ã½ÍÅ¶Ó Tech, pay off your student account. Check your financial information in your Student tab of MATC Online prior to your graduation date. More on .

If you complete your degree and graduate from Â鶹´«Ã½ÍÅ¶Ó Tech or you leave the college for a period of six months or longer, you will be required to begin repaying student loans.

• Loans enter repayment after a grace period. The length of the grace period is usually six, nine or 12 months, depending upon the loan type. .
• Deferment and/or forbearance options might be available to help postpone the beginning date of the loan repayment. Contact your lenders to explore these options.
• may simplify loan repayment and reduce monthly payments. Extending the length of repayment usually increases the total amount repaid to the lender.
• Under the program, you might be entitled to loan forgiveness if you pursue a certain type of career. You must be employed full time in a public service job during the same period in which the qualifying payments are made and at the time that the cancellation is granted.

Financial Aid Credit Balance

A credit balance is the result of an over payment on a student’s account from Financial Aid, loans or payments received. Credit balance refunds will be processed when a credit actually exists on the student’s account and processed as a direct deposit or check. Refer to the Business Office for more information.