If a recipient of federal student aid withdraws during a payment period (or a period of enrollment), the institution must calculate the amount of federal student aid the student did not earn. Unearned federal student aid funds must be returned to the U.S. Department of Education. In addition, the student will be responsible for any institutional charges that result from the return of federal student aid funds.
If the student withdraws from the university after receiving federal student aid funds, he or she must repay a specified percentage of the aid received, since the funds were awarded to help meet educational costs for an entire term of enrollment. The repayment amount is based on the percentage of time elapsed in the term. Proof of attendance plus proof of last day of attendance will be required of any student who completes a semester with zero credit hours earned. If such proof is not submitted by the allotted timeframe, the student will owe a repayment of ALL funds received for the semester.