REFUNDS AND FINANCIAL AID
Students who receive financial aid and withdraw may owe a repayment to the Academy and or the federal government.
Any program withdrawal will be handled on a case-by-case basis with the Dean of Graduate Programs.
Any student that chooses to withdraw from a course without penalty must email the Dean their request prior to the course beginning.
To satisfy the Master's Program degree requirements, the graduate student is required to have a final minimum cumulative grade point average (CGPA) of 3.00 with no more than two individual course grades of “C” and no individual course grades of “F.”
If a Master's student has withdrawn from one or more courses they will have a maximum of 24 months to complete their remaining degree requirements. A Master's student will have a maximum of 24 months from their original scheduled program completion date to repeat any course(s) with a grade of “C” or “F” in order to satisfactorily complete their degree requirements.
Financial Aid Refund Policy for Students who Withdraw
Graduate students who receive any Title IV Federal Loans (Federal Direct Subsidized/Unsubsidized Stafford Loans and/or Federal Direct Graduate PLUS Loans) are subject to the Federal Return of Title IV Funds requirement.
Massachusetts Maritime Academy must return federal loans to the federal government based on the student’s length of enrollment. The student may retain only a pro-rated portion of the aid awarded based on the length of the program and the student’s withdrawal date. The remainder of the student’s federal loan must be returned by MMA to the Department of Education.
If the student received a cash disbursement of federal aid, he or she may owe a repayment to the federal government. The Federal Return of Title IV requirement applies to all students who withdraw completely from the academy, including students who do not follow the official withdrawal process. The requirement remains in effect through the 60% point of the program. After that point, the student is considered entitled to all aid awarded for the program.