Return of Funds
Withdrawal, Return of Title IV (Federal) and State Funds Title IV and State funds are awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. When a student withdraws, the student may no longer be eligible for the full amount of Title IV and State funds that the student was originally scheduled to receive. Absence from class does not constitute official withdrawal.

If a recipient of a Title IV and State grant or loan funds withdraws from a school during the semester, the amount of the Title IV and State grants or loan assistance earned by the student must be re-calculated. If the amount disbursed to the student is greater than the amount the student earned, unearned funds must be returned. The amount of funds earned by the student is based on the percentage of the semester completed.

Re-calculations of funds earned are completed by the Director of Financial Aid and students are notified of all results

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