Financial Aid Recipients: Return of Funds
If a student is receiving financial aid and is eligible for credit in accordance with the above paragraph, the credit received will first be applied to financial aid sources. Federal regulations will be used for return of Title IV funds and individual state, college, or outside scholarship policies for return of non-Title IV funds. Because financial aid funds must be used for educational expenses, when a student who is receiving financial aid for non-institutional costs withdraws from the college, a portion of this aid must be repaid. The order of distribution for the return of Title IV funds will be as follows:
- Unsubsidized FFEL/Direct Stafford Loan
- Subsidized FFEL/Direct Stafford Loan
- Perkins Loan
- FFEL/Direct PLUS Loan
- Pell Grant
- Other Title IV programs
Board charges will be credited for each full week of extended illness or authorized absence.
There will be no credit of room charges for students suspended or dismissed from on-campus housing.