FAQs
Freshman | 0 - 25 hours |
Sophomore | 26 - 59 hours |
Junior | 60 - 92 hours |
Senior | 93 hours and beyond |
https://unm-student.custhelp.com/app/answers/detail/a_id/4616/~/what-is-my-student-classification%3F |
Will I owe back money if I drop?
All students with Title IV aid must "earn" their aid before they are entitled to keep 100% of it. You "earn" your financial aid by attending class/classes for at least 60% of the semester. Generally, Title IV aid is disbursed (credited to your UNM account) BEFORE you are eligible to keep 100% of it.
What is considered Title IV aid?
Title IV aid is: Subsidized, Unsubsidized, Perkins, Grad PLUS, and Parent PLUS loans and Pell and SEOG grants.
How can I earn 100% of my Title IV aid?
There are three ways to "earn" 100% of your disbursed Title IV aid:
- Receive a passing grade in at least 1 class for the semester; or
- Attend class through 60% of the semester, and then officially drop all classes. These are called "Official Withdrawals."
- If you do not pass any of your classes, at least one last day of attendance is beyond the 60% date. Last day of attendance for non-passing grades are supplied by your instructor. These are called "Unofficial Withdrawals."
IMPORTANT: For financial aid purposes, not reported grades (NR) are considered non-passing. It is your responsibility to make sure grades are posted in a timely manner. Failure to do so may adversely affect your financial aid.
What if I don't meet the semester 60% date?
If 100% of your Title IV aid is not "earned," (meaning your Last Date of Attendance is reported as earlier than the 60% date) loans and/or grants will be reduced. Based on the percentage of the semester completed, institutional charges, and the period of enrollment, the Title IV aid is separated into two "earned" and unearned" amounts.
You are entitled to keep the "earned" portion, and must repay the "unearned" portion to UNM. UNM will send a bill to you for the "unearned" portion of your financial aid. The Last Date of Attendance is reported by your Professor. If you have issue with the last date reported you will need to speak with that Professor. The 60% date changes each term, generally for fall it is the last week of October or the first week of November for full 16-week classes. For spring it is generally the first week of April for 16-week classes.
Mandatory Freshman Advisement Hold: This hold appears each semester of your first academic year at UNM.
Plan of Study Review Hold: This hold appears each semester, after you earn 27-59 credit hours, to discuss your course schedule with an academic advisor.
60+ Hold: This hold appears if you have been classified as a Junior (60 hours or more) and if you have not been accepted to your degree granting college. This hold requires a meeting with your advisor to specifically discuss your current academic progress. For Pre-Health students, we will discuss the courses needed for admission to your program. For Undecided students, we will guide you while strongly encouraging you to select a major.
Probation Hold or Academic Review Required: This hold appears if your overall GPA falls below a 2.0. It requires a meeting with an advisor and the signing of a probation contract before your next semester. This contract lists your classes for the probation year and emphasizes the importance of the 2.5 GPA required to avoid academic suspension during a probation semester.