Returning Aid
If you have been awarded Title IV (federal) or state aid and you withdraw before completing 60% of the semester, some portion of your financial aid must be returned. The formula below determines what portion of the aid must be returned and the list below indicates the order in which the aid is returned.
(Days enrolled) – (Official breaks of five days or longer) = Total number of class days in the semester
Refunds to Federal Title IV programs are made in this order:
- Federal Direct Unsubsidized Loan
- Federal Direct Subsidized Loan
- Federal Graduate PLUS Loan
- Federal Parent Loan for Undergraduate Students PLUS
- Federal Pell Grant
- Iraq and Afghanistan Service Grant
- Federal Supplemental Educational Opportunity Grant (SEOG)
- Other federal sources of aid
- Other state, private, or institutional aid
Refund examples are available in the Office of Student Financial Assistance. It is important to discuss withdrawal and refund as it pertains to the individual student, and its implications for federal student loan repayment and future eligibility for financial assistance.
Classes Offered in Modules
Classes offered in modules are course(s) that do not span the entire payment period (semester). An example of a module course(s) is two eight-week classes within a 16-week semester.
When Does Return to Title IV Funds (R2T4) Apply:
Student does not complete all the scheduled days on which Title IV aid was based in the payment period or period of enrollment and does not:
- complete graduation requirements
- successfully complete a module or combination of modules that include at least 49 percent of the countable days in the payment period or period of enrollment (however if a student has a Pell Grant it will be adjusted based on enrollment status)
- successfully complete at least half-time coursework