Title IV Return of Funds Policy

During the first 60% of the period, a student earns Title IV funds in direct proportion to the length of time he /she is enrolled. A student who remains enrolled beyond the 60% point earns all aid for the period. The percentage of aid earned is determined by:

• The date the student officially withdraws from the University.
• The total number of calendar days comprising the period of enrollment.
• The calendar days the student completed during the period of enrollment.

The official withdrawal date of the student is determined by the date indicated on the “Withdraw from all Courses” form processed by the Registrar’s Office. An unofficial withdraw is the mid-point of the enrollment period unless the student can document a specific date.

This refund policy does not apply to students who withdraw from individual classes, it applies to only those students who withdraw from the University completely.

The Financial Aid Office will review each student who totally withdraws from the University to determine the lesser of: unearned amount of Title IV assistance, OR institutional charges incurred for the period of enrollment, multiplied by the unearned %.

Title IV Funds will be returned in the order listed below:

• Federal Direct Stafford Unsubsidized Loans
• Federal Direct Stafford Subsidized Loans
• Federal Direct PLUS Loans
• Federal Perkins Loan
• Federal Pell Grant
• Federal SEOG
• Other Title IV funds