The Financial Aid Office is required to determine the amount of Federal Aid that was "earned" during a term or payment period when the student has withdrawn from all classes or failed to earn a passing grade in at least one course. A Return of Title IV calculation determines the amount of "unearned" Federal Aid that the school and/or student must to return to the Department of Education. Any amount of "unearned" Federal Aid returned by the school will be credited against the student’s total liability and the student will owe the school. Federal Aid includes the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG) and Federal Direct Loans.
All withdrawals, F and/or U grades will be calculated at the mid-point of the term or payment period.
Students who complete more than 60% of the term or payment period are considered to have "earned" 100% of the Federal Aid for the term or payment period and will not be required to return any Federal Aid.
Students whose Federal Aid was not disbursed prior to a withdrawal may be eligible to receive a post-withdrawal disbursement (PWD). In order to be eligible for a PWD, the student must have completed all requirements and been determined eligible for the disbursement. Please see "Post-Withdrawal Disbursements" below for more information.
Return of Title IV Calculations