Return of Federal Aid - Withdrawals

Refund Process For Title IV Federal Student Financial Aid

Students who receive Federal Title IV assistance will be subject to a refund calculation if they withdraw from all classes.  Students who stop attending classes, but do not officially withdraw, are also subject to this refund calculation.  Students who stop attending classes and receive grades of F in all classes, or a combination of Fs and Ws are considered unofficially withdrawn.  Students who withdraw – officially or unofficially – during the first 60 percent of the term will have a refund calculated under the Return of Title IV Funds Refund Policy.  The percentage of the refund will equal the percentage remaining in the term at the time the student withdraws. 

All refunds caused by a student withdrawing from classes will be returned to the appropriate financial aid account(s) or Department of Education in the case of student loans within 45 days to the appropriate student financial aid program(s) in the order listed:

  1. Direct Unsubsidized Loan
  2. Direct Subsidized Loan
  3. Direct PLUS Loan
  4. Federal Perkins Loan
  5. Federal Pell Grant
  6. Academic Competitiveness Grant (ACG) or Science and Mathematics Access to Retain Talent (SMART) Grant
  7. FSEOG
  8. TEACH Grant
  9. Other SFA Programs
  10. Other federal, state, private, or institutional sources of aid
  11. The student

Note: The University reserves the right to bill the student for any return of Title IV refund amount that exceeds the University's refund calculation as determined by UTC's refund policy.


Repayments

Students who receive federal student financial assistance funds in excess of their direct cost (i.e. maintenance, tuition, room) may be required to repay funds to certain Title IV programs.

  1. Federal Pell Grant
  2. FSEOG
  3. Other SFA Programs
  4. Other federal, state, private, or institutional sources of aid