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Return of Title IV Funds
Students who receive federal Title IV aid assistance and who cease attending classes or officially withdraw from classes at CWC may be required to repay a portion of the federal aid they have received. The student earns his or her aid based on the period of time he or she remains enrolled. During the first 60 percent of the enrollment period, a student is entitled to retain a percentage of their grant or loan assistance directly proportional to the percentage of the period of enrollment for which assistance was awarded that was completed. If the day the student ceases to attend classes or officially withdraws occurs after the student has completed 60 percent of the period of enrollment, the student is entitled to retain 100 percent of their grant or loan assistance awarded for the period of enrollment.
Steps to calculate Return of Title IV Funds:
The college must allocate its share of "unearned aid" first. The student's share is fully allocated among the programs not satisfied by the college's share. Then, any portion of the student's share that is allocated to a grant program is reduced by 50 percent.