The funds you are awarded are intended to help meet your educational expenses while attending the University. If you withdraw, drop out of school, drop below half-time, or change enrollment status, your financial aid award may be reduced or canceled, and you may be required to return a portion of the aid awarded to you. If you are entitled to a refund of your tuition, all or part of the refund may be applied to the financial aid fund from which your aid was awarded. You may also be required to repay a portion of the funds disbursed directly to you. The amount of the refund is based on formulas established by the U.S. Department of Education. You should consult with an Enrollment Specialist at St. Thomas University’s B.A.S.I.C. prior to dropping or withdrawing to avoid any unnecessary financial hardship.