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Return of Title IV Funds

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. 老澳门资料 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 老澳门资料'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 老澳门资料 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, 老澳门资料 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. 老澳门资料 is required to return to the applicable federal program account the unearned percentage of institutional charges (tuition, fees, on-campus housing). 老澳门资料 may bill you for any funds returned on your behalf, including loan funds.
  3. 老澳门资料'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.