What is my liability if I am receiving federal aid (Title IV) and withdraw from all my classes?
TITLE IV REFUNDS AND STUDENTS LIABILITY FOR PAYMENT Federal regulations (the Higher Education Amendments of 1998, regulation 34 CFR part 668.22) require each school to have a written policy for the refund and repayment of Federal Title IV aid* received by students who withdraw during a term for which Title IV aid payment has been received. These policies are effective only if the student completely terminates enrollment (i.e., cancels his/her registration, withdraws, or is dismissed) or stops attending classes before completing more than 60 percent of the enrollment period.
Related Questions
- What must a Federal Student Aid applicant do in order to regain Title IV eligibility if he or she defaulted on a FFEL Program loan that was subsequently written off partially or in full?
- What happens to my federal aid if I simply quit attending classes and neither withdraw or discontinue?
- What is my liability if I am receiving federal aid (Title IV) and withdraw from all my classes?
