After Financial Aid Disbursed
outcome 1: If it was determined that any financial aid was unearned, Madison College will return that amount to the applicable Federal Aid program. If you owe a balance as a result of the returned funds, the hold will remain on your account until this balance is paid in full.
outcome 2: If it was determined that all financial aid was earned, the hold will be removed from your account and no further action is necessary.
Before Financial Aid Disburses
If you have completely withdrawn, dropped, or stopped attending classes before you received financial aid, the Financial Aid Office must determine if you were eligible to receive any funding and the amount (if applicable). This is known as a Post-Withdrawal disbursement.