Under the Higher Education Amendments of 1998, if a student withdraws on or before the 60% point in time of the semester, calculated using calendar days, a portion of awarded Title IV federal aid funds must be returned. Work-study funds are not included in this regulation. The student will receive a copy of the return calculation and an itemized assignment of the refund amount to the various fund accounts.
The amounts returned to the federal programs must be applied in the following order. No refund will exceed the amount the student received from a given fund.
- Unsubsidized Direct Loans
- Subsidized Direct Loans
- Parent PLUS Loans
- Pell Grant
- Supplemental Educational Opportunity Grant (SEOG)
- Iraq/Afghanistan Service Grant
Students considering withdrawing, or who have recently withdrawn, should read the College's full Return of Title IV Funds Policy.