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Student Financial Aid
Resignations
Student Financial Aid Return of Title IV Funds Policy
Students who withdraw from all classes for a term must repay aid that
is unearned based on the effective date of withdrawal, amount of
institutional charges, and amount/type of aid. The Return of Title IV
Funds Policy applies to federal financial aid recipients who resign from
a term after aid has disbursed. Repayments for these students are
determined according to this policy.
Students who need to resign for the term should contact their Dean’s
Office to complete a Resignation Form. The student cannot drop their
last class on tigeri. Courses will be removed by the Office of the
Registrar after the resignation is approved. The withdrawal effective
date should be the student's last date of class attendance as determined
by the class role. If this date cannot be determined, the date the
student began the withdrawal process or officially notified the
institution of the intent to withdraw is the withdrawal effective date.
The term "Title IV Funds" refers to the federal financial aid programs
authorized under the Higher Education Act of 1965 (as amended) and
includes these programs: Unsubsidized Stafford Loans, Subsidized
Stafford Loans, Federal Perkins Loans, Federal Graduate PLUS Loans,
Federal PLUS Loans, Federal Pell Grants, Federal ACG, Federal SMART
grants, and Federal Supplemental Grants (SEOG).
In accordance with federal regulations, when an aid recipient resigns,
repayments are allocated in the above order followed by other Title IV
assistance, other federal sources of aid, other state, private and
institutional aid. Title IV aid is earned in direct proportion to the
length of time the student is enrolled. A student who remains enrolled
beyond the 60% point earns all aid for that period. Until a student has
passed the 60% point, only a portion of the aid has been earned. Aid
that is unearned based on the calculation must be repaid to the federal
program(s). The amount to be repaid will be charged back to the
student's billing account and must be repaid by the student. A copy
of the worksheet used for this calculation may be requested from the
Office of Student Financial Aid.
Auburn University's responsibilities with regard to the Return of
Title IV Funds Policy include: providing each student with the
information given in this policy; identifying students who are affected
by this policy and completing the Return of Title IV Funds calculation
for those students; returning any Title IV funds that are due the Title
IV programs; and collecting the repayment from the student.
The student's responsibility with regard to the Return of Title IV
Funds Policy is returning to the Title IV programs any funds that were
disbursed directly to the student for which the student was determined
to be ineligible via the Return of Title IV Funds calculation.
Unofficial Withdrawals
Students who fail to earn a passing grade in at least one course for
the term are considered to have unofficially withdrawn. We are required
to contact professors to determine if the failing grade was a result of
class performance or lack of attendance. If we verify that the student
stopped attending before the term ended, we are required to withdraw
them effective with the last documented class attendance. Depending on
the effective date, financial aid repayment of funds will be required.
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