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Withdraws (Return to Title IV)
Your semester aid and University charges could be reduced if you completely withdraw from the University. A complete withdrawal means that a student has withdrawn from all classes.
Refunds of tuition charges are calculated based upon the effective date of your withdraw. The Office of Student Accounts will determine if a refund is due based on the University's tuition refund policy and will credit your student account.
University grants and scholarships will be prorated to be proportional to the percentage of tuition charges incurred. For example, if a student's tuition charges are reduced by forty percent, that student's University grants and scholarships will also be reduced by forty percent.
The amount of federal aid that has to be returned is based upon a formula provided by the U. S. Department of Education and is independent of the school's tuition refund policy. The amount of federal aid that you may retain is prorated based on the percentage of days completed in the semester.
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Some of the federal financial aid paid to you directly will most likely need to be returned to the federal government. This return of funds represents the portion of the term you did not attend.
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For aid applied to direct charges, the amount to be repaid is the lesser of the amount of aid received times the the unattended percentage or the amount of charges times the unattended percentage. The unattended percentage is calculated by subtracting the number of days attended dividend by the number of days in the semester from one. (i.e. 1-[attended days/total days])
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The calculation of remaining aid repaid is based upon the ratio of unattended days to total days. This aid paying to charges other than tuition and fees is reduced by the same formula above, except that only 50% of grant aid is repayable. No loans are charged to the students account in this step of the calculation, but remain payable under the original terms of the loan.
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If you withdraw, the disparity between fee refunds and aid that must be repaid will result in you having to repay far more than in the past. Be sure to review the example calculations given below to determine how this may impact you BEFORE you decide to withdraw.
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If you withdraw prior to the disbursement of aid, you may still be eligible for a disbursement. The records of all withdrawing financial aid students with un-disbursed aid or Pell eligibility will be reviewed, and you will be notified of the option to receive disbursement of this aid, if applicable. IF YOU WITHDRAW, IT IS IMPERATIVE THAT YOU UPDATE YOUR ADDRESS(ES) WITH THE REGISTRAR'S OFFICE to be able to receive this notice.
IMPORTANT NOTICES
- If you wish to enroll for a future term, be sure to meet the financial aid application deadline for the academic year you plan to return. Applications are usually available in late December for the next Fall/Spring and the deadline for filing the application is generally at the beginning of March.
- Students with WORK-STUDY awards should notify their employers and discontinue working upon withdrawal.
- Your lender will be notified of your withdrawal and will put your account into repayment.
INTERNATIONAL STUDENTS
If you are an international student you should see an advisor at International Student Services Department (ISSD) in the International Student and Scholar Services office. Changing you student status will affect your Visa, and ISSD can help you with this.
STUDENTS WITH LOANS
If you have borrowed from the Federal Stafford Loan Program, you can complete your exit loan interview on-line. If you have borrowed from the Federal Perkins Loan Program, you should contact the Student Accounts Office to arrange your Perkins Loan exit interview.
WITHDRAWALS CALCULATION EXAMPLES
(The following examples are given to show the basic theory behind the federal return of funds formula. Actual figures my vary from examples given.)
Example 1: For a Student Living On-Campus Who Withdraws on the 23th Day of the Fall Term (09/19/2000) Title IV Financial Aid is Pell Grants, SEOG Grants, Perkins Loans and Federal Stafford Loans
| TITLE IV AID |
CUA AID |
INSTITUTIONAL CHARGES |
| Pell |
1,500 |
| SEOG |
500 |
| Perkins |
500 |
| Stafford Loan |
2,750 |
| Plus Loan |
5,000 |
| TOTAL |
10,250 |
| Unearned Title IV Aid |
8,128 | |
| CUA Grant |
1,000 |
| CUA Scholarship |
2,000 |
| |
|
| |
|
| |
|
| TOTAL |
3,000 | |
| Tuition |
9,100 |
| Fee's |
400 |
| Room |
2,500 |
| Board |
1,500 |
| |
|
| TOTAL |
13,500 |
| Unearned Inst. Charges |
10,705 | |
| *Unearned Percentage equals TOTAL * [1 - (23 days completed / 111 days in semester)] |
| School returns the lesser of Unearned Title IV Aid or Unearned Institutional Charges. (Aid is returned to programs in the following order: Plus, Stafford, Perkins, SEOG, and finally Pell.) |
$8,128 |
| Student returns the Unearned Title IV Aid minus Unearned Institutional Charges if Unearned Title IV Aid is greater then Unearned Institutional Charges. (Aid is returned in same order as above. Students loans are returnable under the normal repayment terms. Grants are returned at a 50% proration.) |
$0 |
| TOTAL AMOUNT STUDENT WILL HAVE TO RETURN |
$8,128 |
Example 2: For a Student Living Off-Campus Who Withdraws on the 23th Day of the Fall Term (9/19/2000) Title IV Financial Aid is Pell Grants, SEOG Grants, Perkins Loans and Federal Direct Loans
| TITLE IV AID |
CUA AID |
INSTITUTIONAL CHARGES |
| Pell |
1,500 |
| SEOG |
500 |
| Perkins |
500 |
| Stafford Loan |
2,750 |
| Plus Loan |
5,000 |
| TOTAL |
10,250 |
| Unearned Title IV Aid |
8,128 | |
| CUA Grant |
1,000 |
| CUA Scholarship |
2,000 |
| |
|
| |
|
| |
|
| TOTAL |
3,000 | |
| Tuition |
9,100 |
| Fee's |
400 |
| Room |
|
| Board |
|
| |
|
| TOTAL |
9,500 |
| Unearned Inst. Charges |
7,534 | |
| *Unearned Percentage equals TOTAL * [1 - (23 days completed / 111 days in semester)] OR 79.3% |
| School returns the lesser of Unearned Title IV Aid or Unearned Institutional Charges. (Aid is returned to programs in the following order: Plus, Stafford, Perkins, SEOG, and finally Pell.) |
$7,534 |
| Student returns the Unearned Title IV Aid minus Unearned Institutional Charges if Unearned Title IV Aid is greater then Unearned Institutional Charges. (Aid is returned in same order as above. Students loans are returnable under the normal repayment terms. Grants are returned at a 50% proration.) |
$8,128 - $7,534 = 594
(would be returnable under the normal loan repayment terms) |
| TOTAL AMOUNT STUDENT WILL HAVE TO RETURN |
$7,534 |
Example 3: For a Student Living Off-Campus Who Withdraws on the 23th Day of the Fall Term (9/19/2000) Title IV Financial Aid is Pell Grants, SEOG Grants, Perkins Loans and Federal Direct Loans
| TITLE IV AID |
CUA AID |
INSTITUTIONAL CHARGES |
| Pell |
|
| SEOG |
|
| Perkins |
|
| Stafford Loan |
5250 |
| Plus Loan |
|
| TOTAL |
5,250 |
| Unearned Title IV Aid |
4163 | |
| CUA Grant |
2,500 |
| CUA Scholarship |
5,000 |
| |
|
| |
|
| |
|
| TOTAL |
7,500 | |
| Tuition |
9,100 |
| Fee's |
400 |
| Room |
|
| Board |
|
| |
|
| TOTAL |
9,500 |
| Unearned Inst. Charges |
7,534 | |
| *Unearned Percentage equals TOTAL * [1 - (23 days completed / 111 days in semester)] OR 79.3% |
| School returns the lesser of Unearned Title IV Aid or Unearned Institutional Charges. (Aid is returned to programs in the following order: Plus, Stafford, Perkins, SEOG, and finally Pell.) |
$4,163 |
| Student returns the Unearned Title IV Aid minus Unearned Institutional Charges if Unearned Title IV Aid is greater then Unearned Institutional Charges. (Aid is returned in same order as above. Students loans are returnable under the normal repayment terms. Grants are returned at a 50% proration.) |
$4163 - $7,534 = 0
|
| TOTAL AMOUNT STUDENT WILL HAVE TO RETURN |
$4,163 |
Example 4: For a Student Living On-Campus Who Withdraws on the 23th Day of the Fall Term (9/19/2000) Title IV Financial Aid is Pell Grants, SEOG Grants, Perkins Loans and Federal Direct Loans
| TITLE IV AID |
CUA AID |
INSTITUTIONAL CHARGES |
| Pell |
|
| SEOG |
|
| Perkins |
500 |
| Stafford Loan |
1,312 |
| Plus Loan |
6,100 |
| TOTAL |
7,912 |
| Unearned Title IV Aid |
6,274 | |
| CUA Grant |
|
| CUA Scholarship |
7,500 |
| |
|
| |
|
| |
|
| TOTAL |
7,500 | |
| Tuition |
9,100 |
| Fee's |
400 |
| Room |
2,000 |
| Board |
1,200 |
| |
|
| TOTAL |
12,700 |
| Unearned Inst. Charges |
10,071 | |
| *Unearned Percentage equals TOTAL * [1 - (23 days completed / 111 days in semester)] OR 79.3% |
| School returns the lesser of Unearned Title IV Aid or Unearned Institutional Charges. (Aid is returned to programs in the following order: Plus, Stafford, Perkins, SEOG, and finally Pell.) |
$6,274 |
| Student returns the Unearned Title IV Aid minus Unearned Institutional Charges if Unearned Title IV Aid is greater then Unearned Institutional Charges. (Aid is returned in same order as above. Students loans are returnable under the normal repayment terms. Grants are returned at a 50% proration.) |
$6,274 - $10,071 = 0
|
| TOTAL AMOUNT STUDENT WILL HAVE TO RETURN |
$6,274 |
Example 5: For a Student Living OFF-Campus Who Withdraws on the 23th Day of the Fall Term (9/19/2000) Title IV Financial Aid is Pell Grants, SEOG Grants, Perkins Loans and Federal Direct Loans
| TITLE IV AID |
CUA AID |
INSTITUTIONAL CHARGES |
| Pell |
1,750 |
| SEOG |
500 |
| Perkins |
500 |
| Stafford Loan |
1,750 |
| Plus Loan |
2,800 |
| TOTAL |
7,300 |
| Unearned Title IV Aid |
5,789 | |
| CUA Grant |
8,111 |
| CUA Scholarship |
|
| |
|
| |
|
| |
|
| TOTAL |
8,111 | |
| Tuition |
9,100 |
| Fee's |
400 |
| Room |
|
| Board |
|
| |
|
| TOTAL |
9,500 |
| Unearned Inst. Charges |
7,534 | |
| *Unearned Percentage equals TOTAL * [1 - (23 days completed / 111 days in semester)] OR 79.3% |
| School returns the lesser of Unearned Title IV Aid or Unearned Institutional Charges. (Aid is returned to programs in the following order: Plus, Stafford, Perkins, SEOG, and finally Pell.) |
$5,789 |
| Student returns the Unearned Title IV Aid minus Unearned Institutional Charges if Unearned Title IV Aid is greater then Unearned Institutional Charges. (Aid is returned in same order as above. Students loans are returnable under the normal repayment terms. Grants are returned at a 50% proration.) |
$5,789 - $7,534 = 0
|
| TOTAL AMOUNT STUDENT WILL HAVE TO RETURN |
$5,789 |
Example 6: For a Student Living OFF-Campus Who Withdraws on the 23th Day of the Fall Term (9/19/2000) Title IV Financial Aid is Pell Grants, SEOG Grants, Perkins Loans and Federal Direct Loans
| TITLE IV AID |
CUA AID |
INSTITUTIONAL CHARGES |
| Pell |
|
| SEOG |
|
| Perkins |
|
| Stafford Loan |
2,750 |
| Plus Loan |
12,000 |
| TOTAL |
14,750 |
| Unearned Title IV Aid |
11,697 | |
| CUA Grant |
|
| CUA Scholarship |
|
| |
|
| |
|
| |
|
| TOTAL |
| |
| Tuition |
9,100 |
| Fee's |
400 |
| Room |
|
| Board |
|
| |
|
| TOTAL |
9,500 |
| Unearned Inst. Charges |
7,534 | |
| *Unearned Percentage equals TOTAL * [1 - (23 days completed / 111 days in semester)] OR 79.3% |
| School returns the lesser of Unearned Title IV Aid or Unearned Institutional Charges. (Aid is returned to programs in the following order: Plus, Stafford, Perkins, SEOG, and finally Pell.) |
$7,534 |
| Student returns the Unearned Title IV Aid minus Unearned Institutional Charges if Unearned Title IV Aid is greater then Unearned Institutional Charges. (Aid is returned in same order as above. Students loans are returnable under the normal repayment terms. Grants are returned at a 50% proration.) |
$11,697 - $7,534 = 4,163
(would be returnable under the normal loan repayment terms) |
| TOTAL AMOUNT STUDENT WILL HAVE TO RETURN |
$7,534 |
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