You will probably receive a "W" as has been stated in previous comments. Also, it is likely that you will not receive any tuition money from that class back, seeing as it is so late in the semester, and I think that is all you might see in the way of so-called "fines".

I would also suggest that you not lose you full-time status if at all possible, since it would most likely effect any insurance you have through your parents. Most, if not all, insurance companies require college students to have full-time status in order for them to be under their parents' policy. If you lose that status, then you would most likely be dropped from their coverage, and it could be a headache trying to get back on it.

Here at LMU, you'll get a "W". W in this sense stands for withdrawal. A lot of the more academic-types really care about keeping their transcripts clean.

I'm guessing that most employers won't care nor notice if you take a W on your transcript.

Somehow I realized I was taking one extra class this semester that was not necessary for graduation. I've got a ton of other stuff going on and this math class was eating up 10 hours of time each week. The pragmatic thing to do was to drop the class and take my first W. Regrets? I have none.

Definitely talk to someone at the school though to figure out how the non-full-time-studentness will affect the other parts of enrollment.

In Texas, there's a withdrawal date usually halfway through the semester. You can only drop before the withdrawal deadline, and a "W" goes on your record.

However, in Texas, you can only have six total W's on your record throughout the length of your college career--this applies to public schools only.

If you drop all of your classes one semester, the W's will stay on your record but won't count towards the six. The same goes for extenuating circumstances determined by your school. Dropping before the course even starts usually doesn't matter, but there's sometimes a different option to go through depending on the campus.

Grad schools will not be okay with a W. Otherwise, a W on your record is no sweat. Lots of people have Ws.

Talking to your specifics:

You probably won't get charged anything EXTRA, you just won't get back the tuition you paid for those units.

If you drop below full-time there are ramifications that will impact other parts of your life: Some clubs/sports require full-time students, financial aid will probably axe a lot of your award. Work-study will probably also be impacted. Seeing as it's the end of the semester, these things might not hurt you.

Try not to drop your full-time status, as that often effects financial aid, and outside scholarships, I suggest talking to someone in financial aide about this. If its possible to drop one of them and pull of maybe a D or a C in the other go for it and just retake the class over the summer. Most schools usually don't charge extra fees, you just don't get that tuition refunded. If your looking at grad school, or professional school 1 or 2 drops wont hurt you as much as a pair of F's, even though the retake will even it out. Try your hardest to maintain full time standing.

It really depends on your specific school's policy. I believe SDSU will expunge unsatisfactory grades for a fee and extremely valid reason.

However, in general, I've noticed that W's are the scarlet letter of doom on transcripts. When organizations or even potential employers see that W, they will expect a valid explanation as to why you decided to drop the class after the deadline.

Bottom line: don't do it. But if you have to, know your school's policy.