Â鶹´«Ã½

Return of Title IV (Federal) Aid:

• Students who receive Federal financial aid and withdraw (either officially or unofficially) from ALL classes before completing more than 60 percent of the semester will have a percentage of their Title IV funds returned, according to federal regulations. Â鶹´«Ã½ will calculate any amounts disbursed that must be returned to the Title IV programs.

Complete Withdrawals:

• Your withdrawal date will be the date you began Â鶹´«Ã½'s official withdrawal process.

Unofficial Withdrawals:

• If you stop attending without officially withdrawing, the last documented date of attendance will be the withdrawal date.
• If all grades are a combination of F, W (withdrawal) and I (incomplete) your professors will be asked to report the last date of attendance. Based on this information, you may be required to repay the "unearned" portion of your federal aid.
• If your grades were all F or I and you never attended, you will be required to pay back the full amount.

Repayment:

• If it is determined that you have received excess funds, any "unearned" portion will be returned to the United States Department of Education, resulting in a balance owed to Â鶹´«Ã½ in the amount of those excess funds.
• This amount will be placed on accounts receivable, prohibiting any registration activity, and the receipt of academic transcripts or diplomas until these funds are repaid.
• If these funds are not paid, Â鶹´«Ã½ will turn the charge over to a collection agency.

Federal regulations require Title IV aid to be refunded in the following order:

• Federal Direct Unsubsidized Stafford Loans
• Federal Direct Subsidized Stafford Loans
• Federal Direct PLUS Loans
• Federal Pell Grants
• Iraq & Afghanistan Service Grants
• Federal Supplemental Educational Opportunity Grants
• Federal TEACH Grant

Please Note:

1. You may also be required to repay other federal, state, institutional, or private student financial aid programs based on the terms and conditions associated with those programs.
2. Â鶹´«Ã½ is required to return to the applicable federal program account the unearned percentage of institutional charges (tuition, fees, on-campus housing). Â鶹´«Ã½ may bill you for any funds returned on your behalf, including loan funds.
3. Â鶹´«Ã½'s tuition refund policy is separate from the federal requirement to return unearned aid. Whether or not you receive a tuition/fee refund has no bearing on the amount you must repay under this formula.

For additional information, questions or concerns, please contact us.