Complete Withdrawal Adjustments: Funds from Other Sources

Outside scholarships

When a student who received an outside scholarship withdraws completely during a semester, Drake follows any guidance provided by the scholarship organization. If no guidance was provided, the scholarship will not be adjusted.

Private Education Loans

Private education loans that have not yet disbursed for the semester may need to be cancelled when a student withdraws. Private loans that have disbursed will not be adjusted. We recommend that students consider using any tuition refund received to pay down private loan balances.