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School Code: 002659

Withdrawals

If you receive Title IV Aid (Pell Grant, SSIG, SEOG, Stafford Loans, or a Perkins Loan) and withdraw within the first 60% of the semester, some of the aid you receive must be returned to the aid program.  When you withdraw from the university, awards for the rest of the award year will be cancelled.  (For example, if you withdraw during the Fall semester, aid for the Spring semester will be cancelled).  Note:  Your account will be billed from the NMSU-Carlsbad Business Office. If you fail to repay the university, a registration hold will be placed on your account, making you ineligible to receive aid at any institution!  Unpaid accounts are turned over to Collections for payment.

If you have a current or previous student loan, you are required to complete Exit Counseling even if you plan to return to school.  The grace period begins the date of withdrawal and repayment will begin after the grace period expires (see terms of your loan). If you return to school, you may be eligible to defer payments by submitting an enrollment certification form to your lender every semester.  Forms are available in the Financial Aid Office and must be signed by Registrar's Office personnel every semester after classes begin.  (You must notify your lender or guarantee agency of any address change.  Refer to the Rights and Responsibilities section of your loan promissory note.)

Transferring to another school

Financial aid cannot be transferred.  You must contact the central processor of your Free Application for Federal Student Aid (FAFSA) by calling 1-800-4FEDAID (1-800-433-3243) so that they can send the results of your application to the new school; you do not need to submit a new FAFSA!

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