What to know about withdrawing from class and Return of Title IV funds
Not completing classes could impact financial aid. Students who receive Title IV aid and withdraw prior to the end date of a payment period will be reviewed to determine whether unearned federal financial aid must be returned.
Columbia College is an attendance-taking institution and must determine a student’s withdrawal date in order to determine whether the student’s unearned federal financial aid must be returned. A students is considered to have withdrawn if:
- He or she ceases attendance from all courses eligible for Title IV aid
- He or she does not complete all days within the payment period
The withdrawal date is always the last date of attendance at an academically related activity by a student as recorded by an instructor.
The responsibility to repay unearned Title IV aid is shared by Columbia College and the student. For example, the calculation may require Columbia College to return a portion of federal funds to the Federal Title IV programs. In addition, the student may also be required to return funds based on the calculation. A student returns funds to the Federal Stafford loan programs based on the terms and conditions of the promissory note of the loan.
The return of federal aid is in the following order: Unsubsidized Federal Stafford loans, Subsidized Federal Stafford loans, Federal Perkins loans, Federal PLUS (parent) loans, Federal Pell Grants and Federal SEOG (Supplemental Educational Opportunity Grant).
For more information, see Return of Title IV Policy.