Title IV funds (federal aid programs except Federal Work-Study) are awarded to a student under the assumption that the student will attend school for which the assistance is awarded. When a student withdraws, he/she may no longer be eligible for the full amount of Title IV funds originally awarded. Therefore, the university will return certain Title IV funds on behalf of students who withdraw, drop out or are dismissed before completing 60% of the semester for which Title IV funds have been disbursed. The policy also applies to students who cease to attend classes without withdrawing and earn all “F” grades. The funds will be returned within forty five (45) days after determining the withdrawal date and/or the last day of class attendance.
The Title IV Refund Policy as authorized by the Higher Education Amendments of 1998 will be used to determine student refunds.
An overpayment is the difference between the amount of cash disbursement given to a student for non-institutional costs and the amount of non-institutional costs that could reasonably have been incurred (based on the cost of attendance) for the period of time that a student was enrolled and attended classes. The overpayment amount is returned to the appropriate agency and the same amount is charged to the student’s account. The student is notified of the balance due to the university. Requests for an academic transcript will not be honored until the debt is paid in full.
Repayments are allocated to the student aid programs according to statutory and regulatory requirements in the following specific order:
* For information on financial aid refunds, please see the Financial Aid Tuition & Fees page.