Financial Aid Refund Policy

Financial Aid Refund Policy

The College’s Student Account Services Office will generate and mail student refund checks to eligible financial aid students. This process will take place on specific dates throughout the semester. Students receiving federal, state and institutional funds must meet all eligibility requirements before funds are released. Students enrolled for classes in multiple sessions within the semester will not receive their entire refund until each class has passed the *census date.

*The Census date is set by the College and marks the end of the drop/add period. On this day, the College takes a “snapshot” of all students enrollment which becomes the “official enrollment” that is used for both reporting and financial aid eligibility.

FINANCIAL AID REFUND POLICY FOR WITHDRAWALS (Return to Title IV)

Financial aid students who withdraw from all classes prior to the 60% point of the semester will have their aid recalculated following the Federal Return of Title IV funds process. This means all federal aid may be reduced or canceled based upon the date of withdrawal from all classes.

FINANCIAL AID POLICY FOR UNOFFICIAL WITHDRAWALS

Students who receive midterm grades of all “Fs” and all “Fs” and “Ws” will be treated as unofficial withdrawals and these students’ aid federal aid will be recalculated. Recalculations may result in the student owing a refund to the College.

Financial aid students who withdraw from all classes after the 60% point of the semester will not have their aid reduced.

The College’s Student Account Services Office will return the undisbursed student loan funds to the lender for any borrower who has not met loan requirements. Loan requirements include enrollment for fewer than 6 credits (half-time) or who has withdrawn completely from the College for the semester. If the loan funds have been disbursed, the College will use the Federal Return of Title IV funds process to determine the amount to be returned to the lender.