Financial Aid
Withdrawals (Return of Title IV Funds Policy)

Title IV funds are awarded to a student under the assumption that the student will attend school for the entire period for which the funding is awarded. When a student withdraws, the student may no longer be eligible for the full amount of Title IV funds that the student was originally scheduled to receive. To officially withdraw from all classes, contact the Registrar’s Office (231-591-2792) or stop in the Student Service Center (Timme Building – Main Campus). Kendall College of Art and Design students contact the KCAD Registrar’s Office (616-451-2787 ext.1104).

If a recipient of Title IV grant or loan funds withdraws from school after beginning attendance, the amount of Title IV assistance must be determined. If the amount disbursed to the student is greater than the amount the student earned, un-earned funds must be returned. If the amount disbursed to the student is less than the amount the student earned, and for which the student is otherwise eligible, he or she is eligible to receive a Post-withdrawal disbursement of the earned funding that was not received.

Title IV grants and loans include:

  • Pell Grant                                                                           
  • Federal Supplemental Education Opportunity Grant
  • Perkins Loan
  • Subsidized Direct Loan
  • Unsubsidized Direct Loan
  • PLUS Loan (Parent and Graduate Student)
  • TEACH Grant

 

Procedures for Return of Title IV Funds

If the total amount of Title IV grant and loan funds that the student earned is less than the amount received by the student, the difference between these amounts must be returned to the appropriate program in the following order of priority:

  1. Unsubsidized Direct Loan
  2. Subsidized Direct Loan
  3. Perkins Loan
  4. PLUS Loan (Parent and Graduate Student)
  5. Pell Grant
  6. Federal Supplemental Education Opportunity Grant
  7. TEACH Grant

The institution and the student share the responsibility to return Title IV funds. The institution returns the un-earned funds that have been paid to the school to cover the student’s institutional charges. The student is responsible to repay any un-earned funds to the school and/or to the federal program from which it came.

The school must return Title IV funds no later than 45 days after the date the school determines the student withdrew. Students who unofficially withdraw (stop attending classes, but do not notify the appropriate office)will not be notified of the un-earned return of funds until after the semester is over. This late calculation usually results in the student owing a balance to the university.

PLEASE NOTE: Students who withdraw from the university will be subject to the Financial Aid Satisfactory Academic Progress policy guidelines.

BUSINESS OPERATIONS OFFICE TOTAL WITHDRAWAL REFUND POLICY