Title IV
Title IV
RETURN OF TITLE IV FEDERAL STUDENT AID COMMUNITY COLLEGES OF THE KENTUCKY COMMUNITY AND TECHNICAL COLLEGE
SYSTEM 2000-2001
Changes in federal regulations require the KCTCS Community Colleges to revise the way we calculate a student's eligibility for federal financial funds when the student completely withdraws from the College during the semester. This change is effective beginning with the fall semester of 2000.
If a student completely withdraws from school during the semester, a portion of the total amount of federal Title IV aid disbursed to him/her must be returned to the financial aid programs. The portion that must be returned is based on the percentage of time the student remains enrolled in school.
For example: A student who remains enrolled for 10% of a semester will be eligible to keep 10% of the total Title IV aid disburse to him/her. The balance (or 90%) must be returned to the Title IV program(s). Similarly, a student who remains enrolled for 60% of a semester will be eligible to keep 60% of the total Title IV aid disbursed to him/her. The balance (or 40%) must be returned to the Title IV program(s).
At the time a student withdraws, the financial aid office will automatically use the student's institutional refund as payment toward what must be returned to the Title IV programs. However, the student may also be required to repay a portion of the aid funds that were directly disbursed to him/her in the form of a residual check. The student will be notified/billed for any funds that must be repaid. Student loan funds are to be repaid according to the terms of the loan.
Funds will be returned first to the Title IV loan programs and then the Title IV grant programs in the following order:
Note: No Title IV aid funds are required to be returned if the student remains enrolled for more than 60% of the semester.
A complete text of this policy may be obtained from the Financial Aid Office.
Changes in federal regulations require the KCTCS Community Colleges to revise the way we calculate a student's eligibility for federal financial funds when the student completely withdraws from the College during the semester. This change is effective beginning with the fall semester of 2000.
If a student completely withdraws from school during the semester, a portion of the total amount of federal Title IV aid disbursed to him/her must be returned to the financial aid programs. The portion that must be returned is based on the percentage of time the student remains enrolled in school.
For example: A student who remains enrolled for 10% of a semester will be eligible to keep 10% of the total Title IV aid disburse to him/her. The balance (or 90%) must be returned to the Title IV program(s). Similarly, a student who remains enrolled for 60% of a semester will be eligible to keep 60% of the total Title IV aid disbursed to him/her. The balance (or 40%) must be returned to the Title IV program(s).
At the time a student withdraws, the financial aid office will automatically use the student's institutional refund as payment toward what must be returned to the Title IV programs. However, the student may also be required to repay a portion of the aid funds that were directly disbursed to him/her in the form of a residual check. The student will be notified/billed for any funds that must be repaid. Student loan funds are to be repaid according to the terms of the loan.
Funds will be returned first to the Title IV loan programs and then the Title IV grant programs in the following order:
Unsubsidized Direct Stafford Loan
Subsidized Direct Stafford Loan
Perkins Loan
Direct Plus Loan
Pell Grant
FSEOG
Subsidized Direct Stafford Loan
Perkins Loan
Direct Plus Loan
Pell Grant
FSEOG
Note: No Title IV aid funds are required to be returned if the student remains enrolled for more than 60% of the semester.
A complete text of this policy may be obtained from the Financial Aid Office.
The Business Affairs office is located in the Johnson building on the Prestonsburg Campus.
606-886-3863 ext. 67337 or 1-888-641-4132 ext. 67337
606-886-3863 ext. 67337 or 1-888-641-4132 ext. 67337
