Return to Title IV Funds (R2T4)
Students are awarded federal aid funds under the assumption that they will attend the entire period for which the assistance was awarded. If a student never attends or fully withdraws (officially or unofficially) they may no longer be eligible for the amount of aid originally disbursed for that term.
重庆欢乐生肖官方网址UWG’s Financial Aid Office will identify students who do not complete the entire period of enrollment and perform a Return of Title IV Funds (R2T4). Information used to complete the calculation in the R2T4 process will include: the date of withdrawal, institutional charges, and the period of enrollment. Institutional charges include tuition, fees, books and room and board.
The withdrawal date is determined by the office designee and is the date the student began the withdrawal process, or the date the student provided official notification of his or her intent to withdraw. If the student does not provide official notification of his or her intent to withdraw, the withdrawal date will be determined as the date the program became aware the student was not attending. Please visit the following website for more information on how to withdraw: http://bangrenbanshi.com/student-services/registrar/assets/docs/How_To_Withdraw_from_a_Class-1.pdf
Return to Title IV (R2T4) calculations must be submitted within 30 days of the school’s determination that the student is withdrawn. Unearned Title IV funds must be returned within 45 days of the school’s determination of withdrawal.
Returning Unearned Funds
Unearned funds are returned to the Title IV programs within 45 days of the school’s determination of the withdrawal by the Financial Aid Office on behalf of the student. The returned funds are the student’s debt to the Institution. Students must make satisfactory payment arrangements with the Bursar’s office for repayment of the debt. If UWG is required to return funding, the student will receive a letter to his/her mailing address indicating an adjustment has been made and funds have been returned on the student’s behalf.
The order that UWG returns these funds is as follows:
Unsubsidized Federal Stafford Loan
Subsidized Federal Stafford Loan
Federal PLUS Loan
Federal Pell Grant
Federal SEOG Grant
Student Access Loan
HOPE Scholarship Program
Failure to Repay
Consequences for failure to repay unearned funds could result in holds being placed on the student’s records and the student’s account being sent to collections.