Access to financial aid procedures, deadlines and personal records and assurance of confidentiality.
Take the time to learn about your responsibilities and the funds you have borrowed. Loans affect you after law school. The fiscal responsibility skills you will develop are transferable to the legal profession and will help make you a responsible lawyer.
If any of these requirements are not met each year a student borrows federal aid, the student is no longer eligible to receive aid.
|Date of Academic Leave||Tuition Refunded|
|Prior to 1st day of classes||100%|
|1st week of classes||100%|
|2nd week of classes||75%|
|3rd week of classes||50%|
|4th week of classes||25%|
The deadline to apply for an academic leave is the same as the last day to withdraw from classes during that semester. Academic leaves are granted for no more than 12 months. Consult the Office of Academic Records for the withdrawal deadline for the semester.
Upon a student’s withdrawal during a period of enrollment in which they have begun attendance and have received federal Title IV aid, the University is required to determine the amount of earned and unearned Title IV aid. A student is only eligible to retain the percentage of Title IV aid disbursed or could have been disbursed which is equal to the percentage of the enrollment period actually completed by that student. The unearned Title IV aid must be returned to the appropriate federal aid program(s). This federal formula considers the date of withdrawal, the form of aid and the amount of aid credited to the student or previously refunded to the student. If the student has completed more than 60 percent of the enrollment period, no Title IV aid needs to be returned.
Unearned financial aid dollars, which must be returned to the federal aid programs, may create a balance owed by the student to the University. Students remain responsible for such financial obligations.
In addition to the amount of federal aid that the University must return, students receiving federal aid directly from Hofstra or other sources toward other educational costs, including off-campus living expenses, may be required to repay a portion of those funds to the federal programs. Failure to return the aid to the federal aid programs may result in loss of eligibility for additional financial assistance. Federal aid funds to be returned are distributed to the programs in the following order:
- Unsubsidized Federal Stafford Loans
- Subsidized Federal Stafford Loans
- Federal Perkins Loan
- Other Title IV Programs
You are responsible for the timely repayment of any student loan borrowed to cover the cost of your education.