University of Minnesota funds return
If you completely withdraw on or before completing 60 percent of the semester, you may be required to return all or a portion of your University of Minnesota financial aid to the financial aid program from which the aid was received. For example, this may include:
- University Partnership Grant
- University Trust Fund Loans
- Presidential Scholarship
To determine the amount of institutional aid earned up to the time of withdrawal, Office of Student Finance (OSF) staff will divide the number of calendar days you attended classes by the total number of calendar days in the semester (less any scheduled break of five days or more). The resulting percentage is then multiplied by the total University funds that you accepted. This calculation determines the amount of aid that you earned and are allowed to keep. The unearned amount of aid must be returned to the institutional program(s) by the University. A notification letter will be sent to your permanent address if your financial aid is reduced and a return is required.