This notice serves to disclose required student consumer information in regards to how withdrawals may affect your Title IV Funds.

The Higher Education Amendment of 1998 required schools to implement a Return of Title IV Funds Policy when a Title IV (federal financial aid) recipient withdraws from school. A federal financial aid recipient is defined as a student who has received Title IV funds, such as but not limited to, the Federal Pell Grant, Federal Supplement Educational Opportunity Grant, Federal Direct Loans, and Federal Direct PLUS Loan.

Title IV funds are awarded to students with the assumption that they will attend school for the entire term or payment period. Students who withdraw from all classes or students who began attendance and failed to earn a passing grade in at least one course offered over an entire term or payment period are subject to the Return of Title IV Funds calculation as dictated by Federal regulations.

The Return of Title IV Funds calculation requires students and the school (institution) to return Federal funds if the student completely withdraws or stops attending classes on or before completing 60% of the semester. The percentage of Federal aid to be returned (unearned aid) is equal to the number of calendar days remaining in the semester divided by the total number of calendar days in the semester. The school is required to hold students responsible for returning the entire amount of unearned aid, including the amount of the school is required to return.