Title Four Withdrawal Information

Students who withdraw and have received federal financial aid (Title Four programs) will be required to repay to the federal program the amount of unearned financial aid funds disbursed to them as of their withdrawal date. Title Four programs includes Pell Grants, Perkins Loans, Supplemental Educational Opportunity Grants (FSEOG), Stafford Loans (subsidized and unsubsidized) and Parent Loans (the Federal Plus program). The unearned amount of federal programs funds is calculated based on the percentage of the semester completed before the date of withdrawal. Both the university and students receiving federal financial aid are required to return unearned financial aid to the federal government. The university is required to return the unearned portion of the Title Four funds it received from withdrawing students which were used to pay institutional charges such as tuition, fees, housing and other educationally-related expenses assessed by the institution. The funds returned to the federal government by the university will be credited against the student's total liability of unearned funds. However, students will owe the university the amount returned to the federal government for institutional charges. Students must repay the unearned Title Four funds to any Title Four loan program in accordance with the terms of the loan.

For Title Four grant programs, unearned grant program funds are considered over-payments and students are required to return fifty percent of the grant. Students who owe grant over-payments remain eligible for Title Four program funds for 45 days if during those 45 days the student: 1) repays the over-payment in full to the university or 2) enters into a repayment agreement with the university. However, entering into a repayment agreement does not mean the student is eligible to register for additional classes or receive a transcript, etc. Students can lose Title Four financial aid eligibility if they do not comply with the options above. These are new federal requirements for Title Four financial aid programs and students should consider their repayment responsibilities for these programs as part of any withdrawal decision.