If you withdraw from Erikson Institute during an academic term and have received a federal student loan or TEACH Grant for that term, you may be required to return a portion of the disbursed funds to Erikson Institute or to the Department of Education as required by federal regulation.
This policy is separate and distinct from Erikson’s Tuition Refund Policy, which may also apply.
Withdrawal will almost certainly affect your eligibility for federal financial aid for the respective term. If you are receiving federal financial aid, your loan and grant eligibility will be recalculated upon your last date of attendance. Any unearned portion of the financial aid already disbursed to you will be returned to the Department of Education.
Depending on the date of your withdrawal and the type/amount of federal financial aid disbursed, you may be required to return some or all of the financial aid that has already been disbursed to you. Please contact the Financial Aid Office to discuss the impact of a potential withdrawal.