If a student completely withdraws from school during a semester, a portion of the federal Title IV aid disbursed to the student must be returned to the financial aid programs. The percentage of Title IV aid required to be returned is based on the percentage of time remaining in the semester as of the student's date of withdrawal. (This is the date a student provides a properly completed withdrawal form to the Registrar's Office indicating the student's intent to completely withdraw from the College.) The amount of assistance that a student has earned is determined on a pro-rata basis. The College must determine the treatment of the student's Title IV program assistance on a payment period basis. The percent of the payment period represents the percentage of aid earned by the student. 

Funds will be returned first to the Title IV loan programs and then the Title IV grant programs in the following order:

1. Unsubsidized Federal Stafford Loan
2. Subsidized Federal Stafford Loan
3. Federal Perkins Loan
4. Federal Plus Loan
5. Federal Pell Grant
6. Federal Supplemental Educational Opportunity Grant