Your Pell will be adjusted retroactively if it disburses & you drop a class. You will owe the school. If you don’t repay, the school can report you for a federal overaward, in which case you will owe the federal government & will not be eligible to receive any further disbursements of federal aid until you repay the overaward.
This is a bad idea, period.
Again…bad idea and attempt to game the system. This turns out bad every time – I work at a community college.
If you get the excess aid fraudulently…because you are not taking the required number of courses…you WILL be asked to pay it back.
You are trying to game a financial aid system. And that is not allowed.
MODERATOR’S NOTE:
I have merged the OP’s 2 similar threads. Additionally, since the question has been asked and answered, I am closing this thread. The purpose of this site is not to help users game the system.
At my school, 6 hours is needed to receive aid over summer. I’m registered for 9, which is 3 classes, and my aid offer is $3200 in Pell and another grant.
Aid disburses on May 17, a Thursday.
The day to drop a class to receive a 100% refund is May 16 by midnight.
I want to drop from 9 to 6. Both of my classes start May 14 and my other class would start in June, so my aid of $3200 will still disburse on May 17.
If I drop my class that starts in June on May 16th, will my 9 credit hours amount of aid, which is $3200, still disburse toward only six hours for my two classes?
If I don’t drop from 9 to 6, here’s what’ll happen on May 17:
3058 (9 credit hour balance) - $3200 (9 credit hour aid) = $142 of refund that’ll be direct deposited by May 22.
If I drop from 9 to 6, wouldn’t this happen:
3058 (9 credit hour balance) - 1011 (3 credit hour balance that’ll be dropped May 16 going into May 17 aid disbursement date) = $2047 (6 hour balance) - $3200 (9 credit hour aid) = $1153 refund that’ll be deposited by May 22.
Basically, I want 9 hours of aid but want to drop to 6 hours right before my 9 hours of aid disburses. Stupid, I know, but I want a larger refund and will just pay back the excess aid I’d be getting later in the summer.
Is this possible or will the aid office lessen my aid that fast between 8 AM May 17 and whenever the 9 credit hours of aid will disburse onto my 6 hours of balance?
I don’t think they’d be able to get my 9 hours of aid to reflect 6 hours on the 17th because it took a week or two for them to change my award from 6 hours to 9 hours. My 6 hours of aid is $2480 and it took a week for it to change from that amount to $3200 (9 hours of aid).