Students, who have received Title IV funds/Federal Aid on their student account and/or through a refund, are subject to a Return of Title IV Funds Calculation if they withdraw from all enrolled classes in a semester. The Return of Title IV Calculation will be completed within 30 days after the date the institution determines the student is withdrawn. A student earns 100% of scheduled Title IV funds when more than 60% of the payment period is completed. Up through the 60% point in each payment period or period of enrollment, a pro rata schedule is used to determine the amount of Title IV funds the student has earned at the time of withdrawal. After the 60% point in the payment period or period of enrollment, a student has earned 100% of the Title IV funds the student was scheduled to receive during the period. The calculation used to determine the amount of funds that must be returned to the Department of Education, to the student’s lender, or to the student are performed using a Credit Hour worksheet and is based upon the payment period.
The results of the calculator are an estimate and not guaranteed. The accuracy of your estimated aid is based on the information you provide. Click here for an example of R2T4 calculation.