It’s common for students to drop and add courses during the first few weeks of the semester. However, sometimes students are surprised to find that changes to their schedule can result in a new balance due, even if they initially had enough financial aid to cover their costs. Here are some helpful tips to understand how schedule changes can affect your financial aid:
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You may still owe a balance even if your total number of credits doesn’t change. This can happen if the new course has different fees than the one you dropped.
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Always review your updated bill in your Workday account after making any final changes to your class schedule.
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If your enrollment level changes (for example, dropping from full-time to half-time), your cost of attendance and financial aid will be adjusted. This may reduce your aid, and you may have to repay the difference.
Change in Residency
Non-resident students who successfully petition for in-state residency will have their financial aid adjusted, since the cost of attendance for Colorado residents is significantly lower than for non-residents.