According to federal regulations, our Financial Aid Office is required to recalculate a student’s eligibility for federal financial aid funds when the student receives all failing grades (grades of E, F, W, and/or Z) during the semester. This may happen when a student unofficially or officially withdraws or is unsuccessful in all his/her classes. A portion of the total amount of Federal title IV aid disbursed to the student must be returned to the U.S. Department of Education.
At the time a student is unsuccessful or withdraws, the Financial Aid office will calculate the percentage of aid that must be returned. We will notify you of the earned and unearned aid. The unearned aid will be returned to the U.S. Department of Education. The returned unearned aid will likely create a bill for the student. If so, please contact the Business Office for payment options.
Per federal regulations, if you receive all failing grades (grades of E, F, W, or Z) for your semester classes, you will be subject to the Return to Title IV policy. If you unofficially withdraw, the aid will be calculated at the 50 percent mark of attendance. A student whose attendance is documented past the 60 percent mark will not be subject to the Return to Title IV policy.
Funds will be returned in the following order:
If you have any questions, contact the Financial Aid office at 859-442-1165.