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Return of Title IV Aid

如果您正式或非正式地退出或退出,并且您已经或有资格获得联邦佩尔助学金、联邦补充教育机会助学金(SEOG)、联邦直接贷款或联邦附加贷款等形式的第四章联邦资金,联邦政府要求我们审查您获得这些资金的资格。我们被要求应用一个联邦政府强制的公式来确定在撤资/撤资之前“赚取”了多少联邦资金。这种审查和重新计算被称为“第四章援助的回归”。

A student is considered to have withdrawn when they do not complete all days scheduled to complete in a term. Students enrolled in classes that do not span the entire term are considered withdrawn if, at the time of withdrawal, the student is not actively attending another class and did not provide confirmation of future attendance in the term. Only classes that are eligible for federal financial aid are considered in the Return of Title IV review.

第IV章中超出收入的资金必须返还给联邦政府。此金额将从您正式退课/退课之日开始计算,如果您是非正式退课,则从最近的期中日期开始计算。非正式退课是指学生停止上课,但没有退出这些课程,并被分配WS(退课,停止上课)或WF(退课,停止上课,不及格)的成绩。WF成绩计入平均绩点)。Get more information on CLC'sStudent Records Policies.

If you previously received a refund from financial aid, which was to be used for education-related personal or housing expenses, you may be required to return a portion of those funds to the college. When the college returns your unearned funds to the government, you will be billed for any balance due for any unearned refunds you received or institutional charges that are now unpaid as a result of the return. If you established a Deferred Payment Plan during registration, payments will be deducted from the account information you provided. If it is determined that you are eligible for a post-withdrawal disbursement of Pell or FSEOG funds, the award will be disbursed to your account. Within 14 days of disbursement, CLC will pay any Title IV credit balance due to the student, less any authorized charges.

How the percentage of Title IV funds earned is calculated:

To determine the amount of aid you earned up to the time of withdrawal, CLC’s Office of Financial Aid will calculate the ratio of the days that you did attend to the days you were scheduled to attend in the term. The resulting percentage is then used, along with your institutional costs and total federal funds that you received (funds that were disbursed directly to your student account and possibly refunded to you) or that you were eligible to receive, to determine the amount of aid that you are allowed to keep. Once a student completes 60% or more of the period scheduled to attend, he has earned 100% of his Title IV aid.

For example, if you were scheduled to attend 112 calendar days and withdrew on the 28thcalendar day, you would have earned 25% of the Title IV funds awarded.

Returned Title IV Aid Allocation

返还给联邦政府的资金用于减少个别联邦项目的未偿余额。Financial aid returned by you and/or your parent or the college must be allocated in the following order:

  1. Federal Unsubsidized Direct Loan
  2. Federal Subsidized Direct Loan
  3. Federal Direct Parent Loan (PLUS)
  4. Federal Pell Grant
  5. Federal Supplemental Educational Opportunity Grant (SEOG)