Refunds upon Withdrawal for Students Receiving Financial Aid
Financial aid disbursed through the Office of Scholarships and Financial Aid is applied to student accounts to pay for university charges. Credits for the unused portion of tuition, special course fees, housing and other university charges resulting from a student’s withdrawal from the university are used to repay the financial aid sources in full prior to refunding the student. Withdrawing students who have received refunds for financial aid to cover non-institutional, educational costs may be required to repay financial aid sources. The university is required by law to perform a Return to Tile IV Funds (R2T4) calculation to determine the percentage and amount of aid that a student earned when they have not completed more than 60% of the length of their semester enrolled and do not meet one of the official withdrawal exceptions for students enrolled in module courses. Students will receive electronic notification of when a Return to Title IV Funds adjustment has been made.
Refunds for students who receive Title IV financial aid are allocated to the financial aid source in the following order:
- to outstanding balances on Federal Direct Loans (Unsubsidized and Subsidized)
- to outstanding balance on Federal Plus Loans
- to Federal Pell Grant awards
- to Federal SEOG awards
- to TEACH Grant awards
- to other Title IV student assistance
- to other federal, state, private or institutional student assistance
- to the student.