吃瓜网

The 吃瓜网' Responsibility as it relates to R2T4 processing:

1. To provide each student with the information in this policy;
2. To identify students affected by this policy and completing the Return of Title IV Funds (R2T4) calculation;
3. To inform the student of the result of the R2T4 calculation and any balance owed to the 吃瓜网 as a result of a required return of funds;
4. To return any unearned Title IV aid that is due to the Title IV programs and, if applicable, notifying the borrower's holder of federal loan funds of the student's withdrawal date;
5. To notify student and/or PLUS loan borrower of eligibility for a Post鈥怶ithdrawal Disbursement (PWD), if applicable.

Student's responsibilities as it relates to R2T4 processing:

1. Becoming familiar with the R2T4 policy and how withdrawing from all courses affects eligibility for Title IV aid;
2. Notifying the official 吃瓜网 representative of intent to withdrawal prior to ceasing enrollment;
3. Resolving any outstanding balance owed to 吃瓜网 resulting from a required return of unearned Title IV aid;
4. Resolving any repayment to the U.S. Department of Education as a result of an overpayment of Title IV grant funds.

Students who receive federal financial aid must remain in their registered classes to 鈥渆arn鈥� the aid they originally received. The amount of federal aid earned is based on a prorated formula. Students who withdraw, or do not complete all classes in which they were enrolled, may be required to return some of the aid originally awarded to the student. Institutions, in accordance with federal regulation 34 CFR 668.22, are required to determine the percentage of federal aid 鈥渆arned鈥� and return the 鈥渦nearned鈥� portion to the appropriate federal aid programs.

The following explains the formula used to determine the percentage of unearned aid to be returned to the federal government (the number of calendar days completed up to the withdrawal date divided by the total number of calendar days in the enrollment period):

the number of calendar days completed up to the withdrawal date the total number of calendar days in the period of enrollment

= percent earned

 

Note: Breaks of 5 days or more are not included in the count of total days in the period of enrollment (denominator).

This calculation must be performed within 30 days of the date the school determines that a student has completely withdrawn.

The institution must return the unearned funds within 45 days of the calculation.

When calculating the percentage the student completed in the period of enrollment, if a student attended more than 60% of the period of enrollment, the student is considered to have earned 100% of the Title IV funds the student was scheduled to receive during that period.

The institutional charges used in the calculation are the charges initially assessed the student鈥檚 account for the period of enrollment. Initial charges may only be adjusted by those changes the institution made prior to the student鈥檚 withdrawal. Examples include, but are not limited to:
鈥� Tuition
鈥� Mandatory fees
鈥� Course fees
鈥� Room and board (if contracted within the school)

The charges excluded from institutional charges for the period of enrollment include, but are not limited to:
鈥� Parking permits
鈥� Library fees
鈥� Late payment fees
鈥� Student refunds
鈥� Payment Plan fee
鈥� Emergency Book Loan fee
鈥� Housing damage

For students that may be enrolled in multiple parts of terms, 吃瓜网 combines all courses to form a period of enrollment. The R2T4 is calculated based on the parts of terms within the enrollment period. A student is considered withdrawn if the student does not complete all of the days in the period of enrollment that the student was scheduled to complete.

For example, if a student is enrolled in a Fall I course and a Fall II course, the student鈥檚 period of enrollment is from the date Fall I started to the last date of Fall II. If the student completes Fall I and does not attend the Fall II course, the student will be considered a complete withdrawal. 吃瓜网 will track enrollment in each part of term to determine if the student began enrollment in all scheduled courses.

If a student withdraws from a course in a later part of term while still attending a current part of term, the student is not considered as withdrawn based on not attending the later part of term. However, a recalculation of aid based on the change in enrollment status may be required.

Students who provide written confirmation to the Office of Financial Aid  at the time of ceasing attendance in a part of term that they plan to attend another course later in the same payment period are not considered to have withdrawn from the term.

吃瓜网 is a school which utilized a R2T4 Freeze Date, or RFD. The RFD for any given term is census day (same as Pell Recalculation Date) . Dates of enrollment are locked in given whatever classes student is enrolled in at that time.

Note: Written confirmation of a later class is required; registration alone does not meet this requirement. If the student does not provide written confirmation of plans to return to school later in the same payment period or term, 吃瓜网 considers the student to have withdrawn and begins the R2T4 process. However, if the student does return to 吃瓜网 in the same term, even if they did not provide written confirmation of plans to do so, the student is not considered to have withdrawn and is eligible to receive the Title IV funds for which the student was eligible before ceasing attendance.

Students who do not begin attendance in their scheduled classes are not eligible for federal financial aid and all aid originally received must be returned. If the student does not pay the funds owed to 吃瓜网, a financial hold is placed on the student's account by Student Account Services which means he/she will not be permitted to register for classes or receive transcripts until the amount owed to 吃瓜网 is paid in full.

1. The student submits the appropriate Withdrawal Form (depending on which graduate school you are in). These are online forms that can be found in the section of the website.
2. The Registrar will update Banner to reflect the type of withdrawal (prior to census, after census, administrative withdrawal, military, etc.) and will enter the date of the withdrawal.
3. The Office of Financial Aid will complete an R2T4 calculation to determine the amount of federal financial aid the student earned.
4. The Office of Financial Aid will return funds to the federal programs, in the order according to federal regulations, on the student鈥檚 behalf.
5. The Office of Financial Aid will send an e-mail notification to the student鈥檚 primary e-mail address indicating the outcome of the R2T4 calculation including additional information regarding repayment, Satisfactory Academic Progress, and exit counseling, as applicable.
6. The student is responsible for any and all charges resulting from an R2T4 calculation.

The 吃瓜网 is not required to take attendance. Therefore, if the student has not earned a passing grade in any class and, in conjunction with Registrar's Office, is unable to determine the last date of attendance, the Office Of Financial Aid will use the 50% point of the period of enrollment as the withdrawal date.

At the end of the main part of term (semester) and after grades are officially posted, a audit is run to identify those student鈥檚 whom did not earn a passing grade.  

For students who received one or more F grades, a determination must be made with the aid of Deans and professors to identify if the student earned the F grade, if the student stopped attending, or never attended.

• If at least one F grade is determined to have been earned, the Office of Financial Aid will not complete an R2T4 calculation because the faculty member confirmed the student attended until the last day of class to earn the F grade.
• If no professor can validate that a student completed the course, sat for the final exam, or earned an F, the Office of Financial Aid will consider the student as an unofficial withdrawal because the student did not successfully complete at least one course in the period of enrollment. The 50% point will be utilized as the withdrawal date for these students.
• If it is determined, that one or more F grades listed are for courses the student never attended, the Office of Financial Aid will recalculate the student鈥檚 awards prior to completing the R2T4 calculation. Likewise, if it cannot be determined that the student began a single course, 100% of aid will be returned since the student never began classes.

If a student stopped attending but completed more than 50% of the period of enrollment, the student may submit to the Office of Financial Aid, within 30 calendar days from the date the student was notified of the R2T4 calculation, dated documentation pertaining to an academically related activity to use as the withdrawal date. An academically related activity may include, but is not limited to, taking a test or exam, attending a class lecture; completing an academic assignment, paper, or project; or participating in an online discussion. Any academically related activity must be signed off by the instructor prior to submitting the documentation to the Office of Financial Aid in order to be accepted.
Documentation that is not acceptable as proof of participation include, but is not limited to, the student's self鈥恈ertification of attendance that is not supported by school documentation, living in campus housing, participating in the school's meal plan, participating in a club or extracurricular activity, or participating in academic counseling or advising.

吃瓜网 must return Title IV funds to the financial aid programs from which the student received aid during the payment period or period of enrollment, in the following order, up to the net amount disbursed from each source:

1. Federal Direct Unsubsidized Loan *
2. Federal Direct Subsidized Loan
3. Federal Direct PLUS Loan *
4. Federal Pell Grant
5. Iraq and Afghanistan Service Grants
6. Federal Supplemental Educational Opportunity Grant (FSEOG)
7.Teacher Education Assistance for College and Higher Education (TEACH) Grant

* Aid options for graduate students at the 吃瓜网.

The loan grace period begins on the withdrawal date from the school or when a student ceases to be enrolled at least half-time. If the student does not re-enroll as a half-time student within 6 months of withdrawal or less than half-time enrollment, the loan(s) enters repayment. The promissory note signed by the borrower outlines the repayment obligations. The student should contact his/her loan servicer to make repayment arrangements.

A post-withdrawal disbursement (PWD) may be required if the total amount of the Title IV aid earned as of the withdrawal date is more than the amount that was disbursed to the student (e.g. in the case where a student withdraws prior to the first disbursement date of the term).

To be eligible to receive a PWD, students must have a complete financial aid file (verification completed and all tracking requirements satisfied) and meet all eligibility requirements.

• Grants from a PWD may be credited to the student鈥檚 school account without obtaining student permission. However, it may only be credited for tuition, fees, and room and board (if the student contracts with the school) or disbursed directly to the student. 吃瓜网 must obtain the student鈥檚 authorization to credit a student鈥檚 school account for charges other than current charges.
• The University must obtain confirmation from the student, or from a parent for a Direct Parent PLUS Loan, before making any disbursement of loan funds. Also, for a Direct Loan, the institution must have originated the loan prior to the withdrawal. All terms of repayment apply as outlined in the Master Promissory Note.

Students who owe the U.S. Department of Education for an overpayment of Title IV funds are not eligible for any additional federal financial aid until the overpayment is paid in full or payment arrangements have been made with the U.S. Department of Education.

Students who owe 吃瓜网 because of an R2T4 calculation will be placed on a financial hold by Student Account Services. Students will not be allowed to register for subsequent semesters or receive academic transcripts until the balance is paid in full, or until payment arrangements have been made with Student Account Services. In addition, at the time the R2T4 calculation is completed, if the student received Federal Direct Loans, the Office of Financial Aid will notify students of the federal Loan Exit Counseling requirements.

A withdrawal may affect a student鈥檚 completion rate. Please refer to the 吃瓜网's Satisfactory Academic Progress (SAP) for additional information.

1. Withdrawal date of determination without notification: 30 days after the end of the term
2. Return of unearned Title IV funds: No later than 45 days after the date 吃瓜网 determines the student withdrew
3. Post-withdrawal disbursement for outstanding current allowable charges: No later than 180 days after the date 吃瓜网 determines the student withdrew
4. Written notification to students to accept PWD for loans: Within 30 days of the school鈥檚 determination that the student withdrew
5. Post-withdrawal disbursement to the student, from the date school determined student withdrew:
   • Loans - No later than 180 days, and
   • Grants - No later than 45 days