A student earns aid solely based on the length of time he/she attends. Until a student has passed the 60% point in the semester (term), only a portion of the student’s disbursed aid has been earned. If a student completely withdraws or is expelled prior to the 60% point, then the Return of Title IV funds policy applies.

For students taking classes that are less than 16 weeks in length (referred to as a module), it is possible that withdrawing after completing a less than 16 weeks class will trigger this refund policy. 适用于已注册模块的学生, a Return of Title IV funds must be completed if the student does not meet one of the conditions below.

• Successful completion (earning a passing grade) of 49% or more of the student's scheduled days for the term.

• Successful completion of at least half-time (6 credits or more) enrollment for the term.

Examples of 第四章资金的返还 Calculations

These examples are for illustration purposes only. 实际收费和退款金额可能会有所不同.

Example 1: Official Withdrawal—Attending Less than 60% of the Semester

The student is enrolled full-time for courses that span the entire 16 weeks. The student, after attending all courses, officially withdraws from all courses on day 42. The original charges for tuition, fees, and books for the term were $2,596. The funds disbursed (credited) to the student’s account were: $1,732 Federal Direct Subsidized Loan and $990 Federal Direct Unsubsidized Loan. The credit balance of $126 (($1732 + $990) - $2,596) was paid to the student after attendance verification.

• 付款周期有113天.
• 42除以113 = 0.3716. 这是这个学生获得的资助.
• 100% - 37.16% = 62.84%. This is how much aid the student did not earn.

应用完成(获得)的百分比，37.16% to:

• 支付的第四章(联邦)援助:$2 722 x 37.16% = $1,011.50学分助学金
• $2,722 - $1,011.50 = $1,710.50不劳而获.

使用未赚的百分比，62.84%, to:

• 该学期的总费用:2596美元* 62美元.84% = $1,631.33 .未赚费用.

靠谱买球app推荐 is responsible for returning the lesser of the unearned charges ($1,631.33美元)或无偿资助(1,011美元).50)给贷款人. $1,011.50 would be returned to the lender because is it the lesser of the two amounts.

Example 2: Official Withdrawal—Attended At Least 60% of the Term

The student enrolled half-time (6 credits) for courses that span only the first 8 weeks of the term. 学生, after attending all courses, officially withdrew from all courses on day 39. The original charges for the term (tuition, fees, and books) were $1,298. The funds disbursed (credited) to the student’s account were $2,250 Federal Direct Subsidized Loan. The credit balance of $952 ($2,250 – $1,298) was paid to the student after attendance verification.

• There are 56 days in the payment period (8 weeks x 7 days/week = 56). There were no scheduled breaks of 5 days or more.
• 39除以56 = .6964 or 69.64%
• As 69.64% is over 60%, no return of funds is required.

例3:非正式提款

The student was enrolled full-time in courses that spanned the full 16 weeks. 这个学生开始参加所有的课程. The original charges for tuition, fees, and books for the term were $2,596. The funds disbursed (credited) to the student’s account were: $1,732 Federal Direct Subsidized Loan and $990 Federal Direct Unsubsidized Loan. The credit balance of $126 (($1732 + $990) - $2,596) was paid to the student after attendance verification. 学期结束后, it was determined that the student unofficially withdrew during the term. The student’s last date of attendance, as reported by his instructors, was day 42 of the term.

• 付款周期有113天 (term).
• 42除以113 = .3716. 然而, 因为这是一次非正式的撤退, 靠谱买球app推荐 is allowed to utilize the mid-point of the payment period to determine the unearned aid percentage, or 50%.
• 100% - 50% = 50%

应用完成(获得)的百分比，50.00% to:

• Title IV (federal) aid disbursed): $2,722 x 50% = $1,361 earned aid
• $2,722 - $1,361 = $1,361不劳而获的援助.

将未赚取的百分比(50%)应用于:

• Total charges for the term: $2,596 x 50% = $1,298 unearned charges.

靠谱买球app推荐 is responsible for returning the lesser of unearned charges ($1,298美元)或无偿援助(1美元),361); $1,298 would be returned to the lender because it is less than the $1,361美元的无偿援助.

例4:提款后支出

The student was enrolled full-time for courses that spanned the full 16 weeks. The original charges for the tuition, fees, and books for the term were $2,596. 这个学生开始每门课都出勤, but officially withdrew on day 8 and received a 100% refund of institutional charges. The funds disbursed (credited) to the students account were: $0 Pell. 然而, 这个学生本可以得到3美元,023 from the Pell Grant if he had continued to be enrolled.

• 付款周期有113天.
• 8除以113 = .0707 or 7.07%.

应用完成(获得)的百分比，7.07% to:

• Title IV (federal) aid that could have been disbursed: $3,023 x 7.07% = $213.72学分助学金.
• 学期总费用:0美元. 这名学生获得了全额退款.)

The student earned more federal financial aid than was disbursed. The post-withdrawal disbursement for Title IV funds would be processed for the student and a refund would be issued within 14 days of the credit balance.

For more information on determining your earned/unearned financial aid, see the 财政援助手册: Withdrawing—The Impact on 金融援助 to view the full Return of 金融援助 Funds Policy.