Title IV (Withdrawal) Refunds / Impact on Student Account Policy

Policy Statement

Financial implications of reduced Title IV awards caused by student withdrawal from course(s).

Purpose/Scope

There is no purpose/scope provided for this policy at this time

Applicability

There is no applicability provided for this policy at this time

Definitions

There are no definitions for this policy at this time.

Policy Procedures

Federal Student Aid (Title IV) regulations require that funds must be returned to the lender when a recipient of those funds ceases to be enrolled prior to the end of a payment period or period of enrollment through the 60 percent point in each payment period or period of enrollment. The return of these funds may result in a balance due on the student’s Brockport account.

Source: Federal Student Aid Handbook (Volume 5; Overawards, Overpayments & Withdrawal Calculations)

Links to Related Procedures and Information

Link to Federal Student Aid Handbook

For information and sample scenarios

Contact Information

There is no contact information for this policy at this time.

History (in descending order)

Approval

There are no approvals for this policy at this time.