FAQs About Capital's Financial Aid

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If I drop a course or withdraw, what will happen to my financial aid?

Dropping courses and withdrawing from Capital are academic actions that often have financial implications. It is your responsibility to understand the effects that these actions will have on your student financial aid. Dropping courses after the official add/drop period may result in your financial aid being adjusted. Withdrawal from the college may result in having your financial aid refunded. (See our federal aid refund policy.)

Graduate School tuition refunds are granted according to the following schedule:

0% to 10% of the course - 100% refund

11% to 20% of the course - 90% refund

21% to 30% of the course - 75% refund

31% to 40% of the course - 50% refund

41% to 50% of the course - 25% refund

51% to 100% of the course - No refund

Audit - No refund

If I still have money left over after paying my tuition, what happens to it?

When your total aid is greater than your billable charges for tuition and fees, you may be eligible for a refund.

Refunds are made available to registered students after all (billable) charges are satisfied and student financial aid is disbursed on or after the first day of the semester. LBC has up to 14 business days to process and mail a credit refund, when applicable.

I have just learned that I must maintain "Satisfactory Academic Progress." What is it?

In order to maintain financial aid eligibility, a student must meet the following requirements of Satisfactory Academic Progress:

Students enrolled in the MA and MEd Programs:

  • Must maintain cumulative GPA of 3.0
  • Must have a 67% completion rate

Students enrolled in the MABS, MAM, and Certificate Programs:

  • Must maintain cumulative GPA of 2.50
  • Must have a 67% completion rate
Maximum Time Frame for Completion of Education Objective:

Students must complete their degree program within 150% of the published length of their degree program.

Evaluation of Academic Progress:

For students enrolled in certificate programs or programs that are less than one year, evaluation of satisfactory academic progress will be done at the end of each payment period. If a student fails to make satisfactory academic progress at the end of the first payment period, they will be placed on “Academic Warning”. The student may continue to receive Title IV aid for one payment period and no appeal is necessary.

Otherwise all other students enrolled in programs longer than one year will be evaluated at the end of each academic year. The total (cumulative) academic record is considered when academic progress is considered when academic progress is evaluated (not just terms when financial aid was received). Students who are not successfully completing courses at the minimum levels as outlined are considered to be making unsatisfactory progress and will not be eligible for financial aid for the following semester.

Appeal Process:

Students may appeal financial aid termination status in writing on the appeal form included with this policy. Such appeals must be made within 30 days after the date of the letter of notification and must include appropriate request documentation. The appeal must be in written form, addressed to the Financial Aid Director for consideration by the Financial Aid Committee. Mitigating circumstances which would be considered upon appeal as adequate reasons for reinstatement would be:

  • student illness, accident or hospitalization
  • death or illness of parent or relative
  • other family emergencies or unusual circumstances

The appeal must include why the student failed to make satisfactory academic progress, what has changed that will allow the student to make satisfactory academic progress for the next semester.

If the appeal is granted the student will then be placed on “Academic Probation” and will be allowed to receive Title IV aid for the next payment period or be placed on academic plan that will ensure the student is able to meet satisfactory academic progress by a specific point in time.