Return of Title IV Funds Policy

Return of Title IV Funds Policy for Students Receiving Federal Financial Aid

When a student withdraws during a period of enrollment in which he/she has begun attendance and has received federal Title IV financial aid, Benedict College is required to determine the amount of earned and unearned Title IV aid. A student is eligible to retain the percentage of Title IV aid disbursed or that could have been disbursed that is equal to the percentage of the enrollment period completed by the student (calculated daily). Scheduled breaks of five or more consecutive days are excluded. The unearned Title IV aid must be returned to the appropriate federal aid program(s). If the student has completed more than 60% of the enrollment period, no Title IV aid needs to be returned.