|
Return of Federal Title IV Funds Policy
This Web page includes updates that were added after it was originally published on June 9, 2014.
Show me the June 9, 2014, web published version.New students who are entering the college for the first time should follow this version when selecting courses. Show me what changed in 2014-2015. Colleges of the Dallas County Community College District will return unearned funds received from Federal student assistance programs to the proper program accounts or lenders in accordance with Federal Title IV student assistance regulations under 34 CFR, section 668.22(a), the Higher Education Act of 1965 as amended, with rules of the Texas Higher Education Coordinating Board, and with district board policies. The Return of Title IV policy differs from the refund policy of the colleges of the Dallas County Community College District which may be accessed at the following link. DCCCD Tuition Refund Policy The student receiving assistance from Federal Title IV programs is required to complete a minimum number of hours for which aid was received. Although the aid is posted to the account at the beginning of each payment period, the funds are earned as the payment period is completed. If the student completely withdraws from school during the payment period; withdraws from all classes which are eligible for Title IV aid but remains in classes which are not paid by Title IV aid, or quits attending, but fails to officially withdraw, the student may be required to return the unearned part of the funds which were received to help pay educational expenses for the semester. Liability for return of Federal Title IV funds will be determined according to the following guidelines:
Return of Federal Title IV (R2T4) funds will be distributed according to statutory regulations within 45 days of the Date of Determination on the R2T4 worksheet. The funds will be returned to the appropriate federal programs in the order mandated by the regulation in section 34 CFR 668.22(i). The current order of distribution occurs with money returned to Unsubsidized Federal Direct Stafford loans, Subsidized Federal Direct Stafford loans, Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (SEOG), and Iraq and Afghanistan Service Grants. The amount of aid earned is determined by a specific formula on a pro-rata basis. For example if the student has completed 40% of the period of enrollment before withdrawal then the student would have earned 40% of the aid that the student was originally scheduled to receive. Under this policy the student and school each may have some responsibility to return funds to the U.S. Department of Education. Usually all charges for tuition and fees for classes which are Title IV eligible are used to determine the schools portion to be returned. Charges for library fines, lab breakages, tuition for non-Title IV eligible classes and other non-educationally related charges are not included in the determination. The student will remain responsible for payment of those fines and non-educationally related charges. If a student's share of the return amount is greater than $50, the student will be notified and allowed 45 days from that date of that notification to return the funds to the business office of the college for deposit into the federal programs accounts. If the student does not return the amount owed within the 45 day period, the amount of overpayment will be reported to the U.S. Department of Education (USDE) via the National Student Loan Database (NSLDS) and the student will be referred to the USDE for resolution of the debt. The process to withdraw is detailed under Academic Information in the Dropping/Withdrawing from College section of the 2014-2015 Catalog Table of Contents. The colleges of the Dallas County Community College District, do not offer a Leave of Absence at this time. |