什么是第四章基金
Title IV funds are awarded to a student under the assumption that the student will attend school for the entire period for which the assistance is awarded. 当学生退学时, the student may no longer be eligible for the full amount of Title IV funds that the student was originally scheduled to receive. If a recipient of Title IV grant or loan funds withdraws from a school after beginning attendance, the amount of Title IV grant or loan assistance earned by the student must be determined. If the amount disbursed to the student is greater than the amount the student earned, unearned funds must be returned. If the amount disbursed to the student is less than the amount the student earned and for which the student is otherwise eligible, he or she is eligible to receive a Post-Withdrawal disbursement of the earned aid that was not received.
Federal Student Aid Handbook, Volume 5- Chapter 1 Pg 5-32
定义
- Title IV federal financial aid includes Pell, SEOG, 和教学补助金, Direct 贷款 (subsidized and unsubsidized), Graduate and Parent PLUS 贷款, 珀金斯和护理贷款. Federal Work Study is excluded.
- A withdrawal (WD) is when the student formally and permanently ceases to be a matriculated student at the university.
- A leave of absence (LOA) is when the student formally ceases enrollment for a specified period of time with the intent to re-enroll.
返回计算
- When a student takes a WD or LOA, 返回计算, called a Return to Title IV Calculation (R2T4) must be performed. 这个计算决定了, based on period of enrollment, the percentage of aid earned, based on the number of days attended.
- Refunds to the student and/or the federal financial aid programs by the student or the University will be made within 45 days of the date that the University determines the student has withdrawn.
- Once the earned amount of a student’s financial aid has been applied to their institutional charges, the student is responsible for any remaining balance due the University.
- Even if aid does not need to be returned, it is possible that you could owe money to the university. This is based on the Student Accounts refund policy.
- If you did not file a FAFSA, did not receive federal financial aid or did not accept the offered financial aid, the Federal Return to Title Four (R2T4) calculation does not need to be done. Offered aid will be canceled.
- 如果学生退学 after the 60% point of completion in the term, the student is considered to have earned all of their aid, and no R2T4 calculation is required.
出口咨询
- 学生 who withdraw or take a leave from the University are required to complete an 出口咨询 Session to review their Rights and Responsibilities as a student loan borrower. This session will provide information on loan repayment, 包括延期, 恩典时期, 贷款整合, 贷款违约.
If you are planning on withdrawing and would like to discuss potential financial consequences, or you have additional questions, please do not hesitate to contact the Office of Student Financial Services at (207) 602-2342.