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Return of Title IV Funds Policy

When a Title IV recipient totally withdraws, Lanier Technical College must use the following steps to return Title IV aid:

  1. Determine a student's withdrawal date.
  2. Determine the amount of aid disbursed for the payment period.
  3. Determine the amount of Title IV aid disbursed plus the Title IV aid that could have been disbursed for the payment period.
  4. Determine the percentage of Title IV aid the student earned by dividing the number of calendar days attended during the semester by the total number of calendar days in the semester.
  5. Calculate amount of Title IV aid earned by the student by multiplying the above percentage by the total of Title IV aid disbursed plus the Title IV aid that could have been disbursed for the payment period.
  6. Determine if student is due a Post-withdrawal Disbursement or if Title IV aid must be returned. If the amount of Title IV aid earned is greater than the total of Title IV aid disbursed then subtract the Title IV aid disbursed for the payment period from the amount of Title IV aid earned. This is the amount of the post-withdrawal disbursement due. If the amount of Total Title IV aid disbursed is greater than the amount of Title IV Aid earned by the student, then subtract the amount of Title IV aid earned from Title IV aid disbursed for the payment period. This is the amount of Title IV aid that must be returned.
  7. Calculate amount of unearned Title IV aid due from the college. Multiply institutional charges for the payment period times the percentage of Title IV aid unearned. Compare this amount to the amount of Title IV aid to be returned and enter the lesser amount.
  8. Determine return of funds by college. The college must return the unearned aid for which the college is responsible by repaying funds to the appropriate sources.
  9. Calculate initial amount of unearned Title IV aid due from student. Subtract the amount of Title IV aid due from the college from the amount of Title IV aid to be returned.
  10. Determine return of funds by student.