If you're thinking of dropping a course...
Always check with Financial Aid before withdrawing from a course on MyNIC
NIC's Satisfactory Academic Progress Policy states that all students must maintain at least a 2.0 GPA and complete at least 66.67% of their classes. (Students must complete 2/3 of all the classes for which they begin attending.) There are two possible outcomes you should consider before dropping a class. For a detailed explanation of the Satisfactory Academic Progress Policy click here.
1. Withdrawing from too many credits could affect your eligibility for financial aid:
When you drop a course after the add/drop period, the course will still show on your transcript as a dropped course with a grade of "W." This course will not affect your GPA but will lower your completion rate. Use our Completion Rate Calculator to determine if a dropped course would lower your completion rate below 66.67%. Click on the calculator to get started.
Please note before using the calculator: (1) If you are on probation with financial aid only include credits from your current term. Do not include credits from past terms. (2) If you're current academic status is "satisfactory" include all attempted and completed credits from NIC. Do not include transfer credits from other institutions.
2. If you withdraw from or fail all of your courses you may owe back a portion of your awards:
When a student withdraws from all of their courses or fails all of their courses the Financial Aid Office must begin a process called Return to Title IV. The Financial Aid Office will collect your attendance information from your instructors and determine your last date attendance. We then calculate how much of your federal awards you earned and how much of your awards must be returned to the federal government. For a detailed explanation of Return to Title IV policies and procedures click here.