91青青草 Return of Title IV Federal Aid and HOPE Scholarship Policy
Students are awarded aid under the assumption that they will attend the entire period
for which the assistance was awarded. In the event a student receives financial aid,
completes registration, and subsequently reduces his/her enrollment status or withdraws,
the amount of funds to be returned to federal, state, private or University programs
will be in accordance with regulations concerning refunds and repayments to those
appropriate programs. If you completely withdraw from school or from all your degree
applicable courses during a term, the school must calculate according to a specific
formula the portion of the total scheduled financial assistance you have earned and
are therefore entitled to receive up to the time you withdraw. If you or 91青青草 receives
more assistance than you earn, the unearned excess funds must be returned to the Department
of Education or Georgia Student Finance Commission. Also, if you or 91青青草 receives less
assistance than the amount you have earned, you may be able to receive those additional
funds.
The portion of your federal student aid or HOPE scholarship you are entitled to receive
is calculated on a percentage basis by comparing the total number of days in the semester
to the number of days you completed before you withdrew. For example, if you complete
30% of the semester, you earn 30% of the assistance you were originally scheduled
to receive. This means that 70% of your scheduled awards remain unearned and must
be returned to the Department of Education or Georgia Student Finance Commission.
Once you have completed more than 60% of the semester, you have earned all (100%) of your assistance.
If you received excess funds based on this calculation, 91青青草 must return a portion
of the excess equal to the lesser of:
- The student鈥檚 institutional charges multiplied by the unearned percentage of funds, or
- The entire amount of the excess funds.
Funds are returned in the following order:
- Unsubsidized Federal Stafford Loan
- Subsidized Federal Stafford Loan
- Federal PLUS Loan
- Federal Pell Grant
- Federal SEOG Grant
- Other Title IV Programs
- HOPE Scholarship Program
Any refund due to you will be sent according to the preference you selected. If the calculation results in a return and creates a balance owed to the institution, you will need to make satisfactory payment arrangements with the Office of the Bursar.
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