Federal Aid Refund
Complete Withdrawal from the College
Through the 60% point in each semester, a pro rata schedule is used to determine how much federal student aid the student has earned at the time of withdrawal. After the 60% point, a student has earned all of the federal aid funds for that term.
The withdrawal date is either:
- the date that the student began the withdrawal process;
- the date that the student otherwise provided official notification to the school of the intent to withdraw;
- the midpoint of the payment period for which federal assistance was disbursed or a later date documented by the school; or
- in special circumstances, a date determined by the school.
Please see the College Catalog for details on the withdrawal process.
If the day the student withdraws occurs on or before the student completed 60% of the term, the percentage of federal funds earned is equal to the percentage of the term that has been completed. The percentage of the term completed is determined by the number of calendar days completed at the time of withdrawal divided by the total number of days in the term.
Unearned funds are returned to the federal aid program in the following order:
- Unsubsidized Direct Stafford Loan
- Subsidized Direct Stafford Loan
- Federal Perkins Loan
- Federal Direct Graduate PLUS Loan
- Federal Direct Parent PLUS Loan
- Federal Pell Grant
- Academic Competitiveness Grant
- National SMART Grant
- Federal Supplemental Education Opportunity Grant
- Federal TEACH Grant
- Iraq & Afghanistan Service Grant