UB FA Award Letter
Federal Return of Title IV Funds Policy
The Financial Aid Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw (officially or unofficially), are dismissed, or take a leave of absence.
An official withdraw is when a students submits a request to the Office of Records and Registration or uses myUB to withdraw from all classes. An unofficial withdraw is when a student stops attending all of his/her classes during the semester, does not follow the college procedure to officially withdraw as outlined in the UB Catalog, and fails to successfully complete the term (i.e., receives all final grades of F, FA, W, WA, or a combination of both).
When a student completely withdraws from the University of Baltimore while receiving Title IV aid, the Financial Aid Office must determine what portions of the student’s aid will be returned to the financial aid programs. The financial aid office uses a federal formula created by the Department of Education to calculate the amounts of “earned” vs. “unearned” aid.
Number of days completed = percentage of aid earned
Total days in semester
100% - percentage of aid earned = percentage of aid unearned
Funds are returned to the appropriate federal programs based on the percentage of unearned aid.
The institution must return the amount of Title IV funds for which it is responsible no later than 45 days after the determination of the date of the student’s withdrawal. Any return of financial aid funds may cause a balance, which the student will be responsible for paying.
Refunds are allocated in the following order:
Unsubsidized Stafford Loan
Subsidized Stafford Loan
Federal Perkins Loan
Federal Graduate PLUS Loan
Federal Parent PLUS Loan
Federal Pell Grant
Academic Competitiveness Grant (ACG)
National Science & Math Access to Retain Talent (SMART)
Federal Supplemental Educational Opportunity Grant (SEOG)
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- writing effective essays
- state and local government agency
- ub fa award letter
- financial aid policies and procedures
- fsa style guide
- financial aid database manual 2006
- econedlink free economics and personal finance resources
- exploring your interest in law napla
- brownson technical school
- missouri department of higher education and workforce
Related searches
- fa biosynthesis pathway
- fa davis omeprazole
- congratulatory letter to award recipient
- employee award nomination letter sample
- fafsa award letter 2020
- fafsa award letter online
- sample letter of award nomination
- social security award letter 2021
- social security award letter copy
- social security award letter 2020 online
- fentanyl fa davis
- financial aid award letter example