Withdrawals and Length of Eligibility for Haverford Funded Aid
The Registrar's Office periodically reports student enrollment status to the U.S. Department of Education. Please consult with the Registrar's Office if you have a question about your enrollment status as reported by that Office. The Department shares the Registrar's information with Stafford Loan guarantors, lenders, and processors to determine when you must make payments on your Loan. The Haverford College Business Office also uses your enrollment status information to determine payment status for the Federal Perkins Loan. Federal regulations allow a six month grace period after the time you take a leave or withdraw from the College. During this time you do not have to make any payments on your subsidized Stafford Loan (if your Stafford Loan is unsubsidized, interest payments continue whether you are paying them or they are being added into the principal amount of your loan). After the end of the six month grace period, principal and interest payments commence. If you have already used all or part of your six-month grace period, you may not receive another grace period. If you have any questions about the repayment terms of your loan, contact with your lender now. Do not wait until payments become due to get the details and do not rely on this very brief summary of the regulations governing repayment of your loan. For the Federal Perkins Loan, the Student Accounts Coordinator of the Haverford Business Office can answer your repayment questions.
Aid Funded by Haverford College
Haverford will only provide up to eight semesters of eligibility for aid funded by the College. Eligibility includes years when you may or may not have received aid, years when you may have attended less than full-time, and any foreign study program. If you are admitted to the College as a transfer student, your eligibility is reduced by any year(s) for which credit is accepted toward your Haverford degree. For example, if you are admitted as a Junior to the College, you will have four semesters of aid eligibility at the beginning of the Junior Year. Students who find that they might need additional semesters of aid funded by the College must discuss their academic plans with their Dean and then consult the Financial Aid Office.