When a student applies for financial aid, the student agrees that financial aid funds will be used for educational purposes only. Therefore, if a student withdraws before completing their program, a portion of the funds received may have to be returned. UNT will calculate the amount of financial aid to be returned to the Title IV, HEA programs according to the policies listed below.
This policy applies to students who officially withdraw, unofficially withdraw, fail to return from a leave of absence, or are dismissed from enrollment at UNT. It is separate and distinct from the UNT credit balance refund policy (see UNT Policy 10.029 Refund).
The calculated amount of the Return of Title IV (R2T4), HEA funds that are required for the students affected by this policy are determined according to the following definitions and procedures as prescribed by regulations.
The amount of Title IV (federal) aid earned is based on the amount of time a student spent in academic attendance and the total aid received; it has no relationship to student’s incurred institutional charges. Because these requirements deal only with Title IV, HEA funds, the order of return of unearned funds do not include funds from sources other than the Title IV, HEA programs.
Title IV, HEA funds are awarded to the student under the assumption that he/she will attend school for the entire period for which the aid is awarded. When a student withdraws, he/she may no longer be eligible for the full amount of Title IV, HEA funds that were originally scheduled to be received. Therefore, the amount of federal funds earned must be determined. If the amount disbursed is greater than the amount earned, unearned funds must be returned.
The institution has 45 calendar days from the date that the institution determines that the student withdrew to return all unearned funds for which it is responsible. The school is required to notify the student if they owe a repayment via written notice.
Eligibility for post withdrawal disbursements will be confirmed within 30 calendar days of the date that the student withdrew. The school must advise the student or parent that they have 14 calendar days from the date that the school sent the post withdrawal disbursement notification to accept a post withdrawal disbursement. If a response is not received from the student or parent within the allowed time frame or the student declines the funds, the school will return any earned funds that the school is holding to the Title IV, HEA programs.
A student is considered to be officially withdrawn on:
Official dates and deadlines for withdrawing are specified in the UNT Annual Academic Calendar.
A student may withdraw from UNT at any time from the first class day to the official last day to withdraw as indicated in the UNT Annual Academic Calendar. The official last day to withdraw is approximately two weeks before the first day of final examinations for fall or spring terms or the equivalent dates for summer sessions.
Students with financial aid who are withdrawing from UNT are advised to complete the withdrawal form through the Dean of Students Office. For withdrawals processed after Census for fall or spring terms or the equivalent dates for summer sessions, the grade of W is recorded for each course in which a withdrawn student was enrolled.
Students called to active military service during a term in which they are enrolled may be entitled to a refund of tuition and fees if they withdraw or the student may be entitled to receive a final grade or incomplete grade in courses. Students should contact the Dean of Students Office to determine their options.
A student is considered a withdrawal from classes offered in a session of enrollment when the student ceases attendance at any point prior to completing the period of enrollment unless the school obtains confirmation from the student at the time of withdrawal that the student will attend a session that begins later in the same period of enrollment. This confirmation must be obtained at the time of the withdrawal even if the student has registered for subsequent courses.
If a student receives Title IV grant or loan assistance and does not begin attendance in a period of enrollment, the student is considered to be ineligible for any Title IV aid.
Upon receipt of the official withdrawal information, UNT will complete the following:
In the event a student decides to rescind his or her official notification to withdraw, the student must provide a signed and dated written statement that he/she is continuing his or her program of study and intends to complete the period of enrollment. Title IV, HEA assistance will continue as originally planned. If the student subsequently fails to attend or ceases attendance without completing the period of enrollment, the student’s withdrawal date is the original date of notification of intent to withdraw.
Officially withdrawing from classes may affect the student’s future eligibility for financial aid due to Satisfactory Academic Progress (SAP) requirements and R2T4 balances owed.
Unofficial withdrawals encompass all other withdrawals where official notification is not provided to UNT. If a student does not officially withdraw and subsequently fails to earn a passing grade in at least one course offered over an entire period, the institution must assume, for Title IV, HEA purposes, the student has unofficially withdrawn, unless the institution can document that the student completed the enrollment period.
If a student receives Title IV grant or loan assistance and does not begin attendance in a period of enrollment, the student is considered to be ineligible for any Title IV aid.
When a recipient of Title IV grant or loan assistance unofficially withdraws from an institution, after having begun class attendance during a period of enrollment, the institution must determine the amount of Title IV grant or loan assistance that the student earned up to the date of withdrawal. For these unofficial withdrawals, commonly known as dropouts, the withdrawal date is the midpoint of the period of enrollment or the equivalent date for sessions of enrollment, as applicable, or the last date of an academically related activity in which the student participated as stated by the professor of record or authorized departmental representative.
Once grades are final for a term, the following procedures will take place:
Unofficially withdrawing from classes may affect the student’s future eligibility for financial aid due to Satisfactory Academic Progress (SAP) requirements and R2T4 balances owed.
The institution must perform a R2T4 calculation to determine the amount of earned aid up through the 60 percent point in each period of enrollment. The institution will use the U.S. Department of Education’s prorate schedule to determine the amount of R2T4 funds the student has earned at the time of withdrawal.
For a student who withdraws after the 60 percent point of the period of enrollment, a student has earned 100 percent of the Title IV funds he or she was scheduled to receive during the period. Thus, there are no unearned funds. UNT must still perform a R2T4 to determine the amount of aid that the student has earned and whether or not the student is eligible for a post withdrawal disbursement.
UNT is authorized to return any excess funds after applying them to current outstanding Cost of Attendance (COA) charges. A copy of the Institutional R2T4 worksheet performed on the student’s behalf is available through FAS upon written request.
In accordance with Federal Regulations, when Title IV, HEA financial aid is involved, the calculated amount of the R2T4 funds is retracted in the following order:
Title IV, HEA aid is earned in a prorated manner on a per diem basis (calendar days) up to the 60 percent point in the semester. Title IV, HEA aid is viewed as 100 percent earned after that point in time. A copy of the worksheet used for this calculation can be requested in writing from FAS.
If a student has accepted Title IV, HEA financial aid by the date of the withdrawal, but the financial aid has not disbursed, the student may be eligible for a post-withdrawal disbursement. If the amount disbursed to the student is less than the amount the student earned, and for which the student is otherwise eligible, he or she is eligible to receive a post-withdrawal disbursement for the earned aid that was not received. Under these circumstances, a R2T4 calculation must be performed to determine whether the student is actually eligible for a post-withdrawal disbursement. UNT must make this determination within 30 calendar days after the student withdraws.
The following conditions apply when processing a post-withdrawal disbursement:
For students who provide notification back to UNT that they want the loan funds prior to the post-withdrawal disbursement deadline, FAS will disburse the loan.
The following rules apply when completing a Return calculation for a student.
In the event UNT cannot locate the student (or parent) to whom a Title IV credit balance must be paid, Student Accounting (SFS) will determine what programs constitute the refund and will notify FAS of any unclaimed credit balances that need to be returned to Title IV, HEA programs. FAS must return the funds no later than 240 calendar days after the date the school issued the check or 45 calendar days after the EFT was rejected.
The following are UNT’s responsibilities in regards to Title IV, HEA funds:
The institution will always return all of the excess funds, including funds the Return of Title IV calculation identifies as the student’s responsibility to return.
The requirements for the Title IV, HEA program funds when a student withdraws are separate from any refund policy that UNT may have to return to the student due to a cash credit balance. Therefore, the student may still owe funds to the school to cover unpaid institutional charges. UNT may also charge the student for any Title IV, HEA program funds that they were required to return on the student’s behalf.
If you have questions regarding Title IV, HEA program funds after visiting with or emailing FAS, you may call the Federal Student Aid Information Center at 1-800-4-fedaid (800-433-3243). TTY users may call 800-730-8913. You can find more information by visiting Federal Student Aid.
This policy is subject to change at any time, and without prior notice.