Title IV funds (Pell Grant and FSEOG) are awarded under the assumption that you will attend school for the entire semester for which the funds are awarded. If you withdraw from ALL of your classes on or before the 60% point of the term, you may be required to repay that portion of the aid which was unearned. If you withdraw after completing 60%, you will have earned 100% of the Title IV funds awarded.
If you are planning to withdraw from classes or drop out of school, consider discussing the decision with a counselor. There are programs or services to assist students in staying on track with their educational goals. However, if you must leave, contact the Admissions and Records office for the process to be followed.
If you are required to repay any unearned portion of your award you will receive a letter detailing the amount you owe and the process for repayment. You will have 45 days from the receipt of that letter to repay the amount in full to the college or your overpayment will be reported to the US Department of Education, which will then contact you for repayment. You will be ineligible for any additional Title IV funds until repayment is made in full.
To contact the U.S. Department of Education regarding an overpayment, call 1-800-621-3115.
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