Are you withdrawing or taking a Leave of Absence?

Learn how your financial aid may be impacted

return of federal title iv aid

Students are given 100% of their financial aid at the start of the semester assuming that they will complete it. If the student receives financial aid and officially or unofficially withdraws/takes a leave of absence from the university before 60% of the semester has been completed, an adjustment must be made to their financial aid based on the percentage of time the student was enrolled.

For federal aid, a Title IV Calculation (R2T4) is completed based on the last date of attendance entered by the Registrar's Office. This calculation determines how much, if any, federal financial aid needs to be returned to the Department of Education (including Federal Pell Grant, Federal SEOG, TEACH Grant, Federal Perkins Loans, Federal Stafford Loans, and Federal PLUS Loans, but not Federal Work-Study). For state aid, funds are generally returned in accordance with the University Refund Policy for tuition and fees. Please see below for more detailed information.

Important Information & Dates: 

  • For the SPRING 2023 semester, the date that your financial aid will no longer be adjusted is Friday, March 31, 2023.
  • If you withdraw from the University (either officially or unofficially) before Friday, March 31, 2023, you may have to repay some of the federal monies that were already disbursed to you.
  • Please note that withdrawing from the university will have an effect on your future financial aid eligibility. See the previous section on Maintaining Financial Aid Eligibility for more information.