Title IV (Withdrawal) Refunds/Impact on Student Account

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Policy Statement

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

Category Name: Business and Financial
Responsible Unit: Office of Student Accounts and Accounting
Responsible Exec: VP for Administration and Finance
Adoption Date: August 2008
Last Revision Date:
Last Review Date:

Purpose/Scope

 

Applicability

 

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)

Item Date Explanation
Next Review Date August 2011 Three year review
Adoption Date August 2008 Policy Adopted

Approval

This policy is approved by:

Last Updated 1/2/18

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