Title IV aid is earned based on the period of time a student remains enrolled. Unearned Title IV aid must be returned to the College and/or to the U.S. Department of Education. Unearned aid is defined as the amount of Title IV aid disbursed that exceeds the amount of Title IV aid earned.
If a student receiving federal financial aid completely withdraws or stops attending/academically engaging in all financial aid eligible courses in school, the College must perform a Return of Title IV calculation to determine if any Title IV funds must be returned. These monies may be charged back to the student’s account and/or the U.S. Department of Education. The student will be responsible for the repayment of these funds. For Title IV purposes, the student’s unofficial withdrawal date will be defined as the student’s last date of academic related activity/engagement as reported by the instructor or the mid-point of the semester/term to best benefit the student.
Students enrolled only in full-term coursework who do not complete at least 60% of the term will owe financial aid monies back based on the Return of Title IV calculation. Exceptions may apply to students enrolled in mini term/module coursework. Students should contact the Financial Aid Office for a full explanation of the Return of Title IV calculation process.