Academic Catalog > Financial Aid > Return to Title IV Policy

Return to Title IV Policy

An overpayment occurs when the student receives more aid than he or she was eligible to receive. One kind of overpayment, traditionally called an over award, results from changes in the student’s aid package; a second occurs when a student withdraws. Title IV funds are awarded with the assumption the student will complete the entire period of enrollment for which financial aid was intended.

Department of Education requires schools participating in the awarding of Title IV funds to calculate the amount of “earned” student aid for the semester when a student withdraws completely from all classes completing 60% or less of the term. Return to Title IV (R2T4) is the calculation performed by the school to determine eligibility. Once students complete more than 60% of the payment period, students have earned all the assistance he or she was scheduled to receive for that period. R2T4 calculation will also determine if there is any federal aid students can be awarded after withdrawal.

A student who wishes to withdraw from school must notify the school in writing or verbally. Also, students violating academic requirements will be withdrawn from the program. Students failing to notify school about withdrawal intentions will have 50% of the payment period as withdrawal date unless a later date can be accurately determined based on coursework activity. Coursework activity includes submitting assignments, exams, and discussions. Presence in a classroom, whether it be virtual or physical, does not constitute participation for determining coursework activity.