Financial Aid Consideration

An important criterion for Federal Aid eligibility is maintaining satisfactory academic progress. Receiving W grades can have a negative impact on a student's completion rate and overall academic progress. Consequently, this should be considered and discussed with the Financial Aid department prior to submitting a leave of absence. Students on a leave of absence are withdrawn from the University for the purpose of Financial Aid. Consequently, loan repayment obligations may be triggered. Students should speak to a representative of the Financial Aid Office for more detailed information about their financial aid status during a leave of absence before submitting a Leave of Absence.

Visit Financial Aid withdrawal policy for more information on how withdrawals may impact a student's financial aid.

Ordinarily, Pace-funded merit awards will be restored upon a student's resumption of studies after an approved leave of absence in accordance with the this Leave of Absence Policy provided:

All other requirements for such a merit aid are satisfied.
The student resumes his or her studies by the date identified and approved in the Leave of Absence Application.

If a student does not resume their studies on or before the date identified and approved in the Leave of Absence, Pace-funded merit awards may be excluded from future financial aid awards, however, student may appeal for reinstatement of the awards. For more information, please visit: Request for Undergraduate Merit Scholarship Reinstatement after a Leave of Absence.