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The Federal
Regulations require that when you officially withdraw
from the University or stop attending your classes, the
amount of Federal Title IV Financial Aid assistance that
you have "earned" up to the point of withdrawal must be
determined by a pro-rata formula. If you received
more Financial Aid than you earned, the excess funds
will be returned by the University, on your behalf, to
the appropriate program(s) from which you received aid.
If you change your enrollment status within the first
14 days of classes, your financial aid will be adjusted
accordingly and you may possibly be billed.
If you have completed more than sixty (60) percent of
the period of enrollment, you have earned all of your
Financial Aid assistance.
If you completed thirty (30) percent of the period of
enrollment, you earned thirty (30) percent of the
Financial Aid assistance that you were originally
awarded to receive.
Upon receipt of the
official withdrawal notification from the Office of the
Registrar, the Financial Aid Office will calculate the
return of Federal Title IV Financial Aid.
You
will receive official notification by mail. If
there is an outstanding balance, you are responsible for
payment to the University's Business Office.
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