Is a return of Title IV funds calculation required for a student who drops to less than half time enrollment status during a payment period but does not withdraw?
A. No, a return of Title IV funds calculation is not required for a student whose enrollment status drops to less than half time. The school must, however, report to National Student Loan Data System a less than half time date for the student that will begin the grace period and subsequent repayment period on any Federal Stafford Loan(s) received for attendance at the school. Q. The first disbursement of a Federal Stafford Loan has not been delivered to a first-time borrower at the time the school determines the student withdrew. The student did not complete his or her required entrance counseling before withdrawing during the first payment period. For the purpose of determining the amount of Title IV aid that the student earned, should the net amount of the first Federal Stafford Loan disbursement be included in aid that could have been disbursed? A. If the school determines and documents that the student completed entrance counseling requirements, the net amount of the undelivered, f
