Return of Federal Title IV Financial Aid Funds
If the student received Federal Title IV financial aid funds, Central College is required by law to comply with the federal programs Return of Title IV Funds Policy. Central is required to review any student who fails all courses as a possible administrative withdrawal. If we cannot document that the student was in attendance at class through the 60 percent point in the semester, the student’s federal financial aid will be returned to the appropriate programs based on the midpoint of the payment (enrollment) period. This means that 50 percent of the student’s federal financial aid must be returned to the federal programs in the order stated above. Effects on VA benefits will vary based on student program and date of withdrawal.
Students will very likely have a balance due on their student account resulting from financial aid refunds without a corresponding refund of institutional charges. Students will have a period of 14 calendar days after the administrative withdrawal determination is made to appeal and document their attendance in class after the 60 percent point in the term. If the appeal is granted, none of the aid will be refunded.
Any payments owed to the College are due within 30 days or as notified.