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| NSCC Home > Enroll > Financial Aid | |
| Withdrawal and Refunds |
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Students who formally or informally withdraw from all of their classes on or after the first day of the quarter, and students who complete zero credits *, may owe a repayment of all or a portion of the financial aid funds they received for the quarter. This policy does not apply to work-study earnings. * For Financial Aid purposes, (W) Withdrawal, (N) Audit, (I) Incomplete and/or (NC) No-Credit grades do not count toward completed credits.
How the Date of Withdrawal is Determined The date of withdrawal used to determine whether or not a student owes a repayment of financial aid funds, and the amount of the repayment, is determined by:
Institutional Refund Policy For specific details on the institution's refund policy, you can visit the Admissions/Registration Refund Policy page and link to the academic calendar with withdrawal deadlines for current and future quarters. When students completely withdraw from a class or all classes during the 100% or 50% refund period, tuition and allowable fees are reduced by the amount of the institutional refund. For example, if a student makes a complete withdrawal during an 50% refund period, the student's tuition and allowable fees are reduced by 50%. Institutional refunds will be used to repay financial aid funds in the following order up to the maximum received in each program: 1) Federal Perkins Loan, 2) Federal Pell Grant, 3) Federal Supplemental Educational Opportunity Grant, 4) NSCC Grant, 5) Tuition Waiver Grant, and 6) Washington State Need Grant. Repayment of Title IV Funds Used to Pay Tuition and Fees (Return of Funds by the School) Under the federal government's "Return of Title IV Funds" policy, students are considered to have "earned" the percentage of their Title IV aid (Federal Perkins Loan, Federal Pell Grant and Federal Supplemental Educational Opportunity Grant) that equals the percentage of the quarter completed (in calendar days). For example, if a student completely withdraws from classes after completing 10% of the quarter, that student has "earned" 10% of the Title IV aid that was used to pay tuition and fees. The remaining 90% of the Title IV aid (aid which is considered to be "unearned") will be used to repay Title IV funds.
Repayment of Title IV Funds Disbursed in the Form of a Financial Aid Check Under the federal government's "Return of Title IV Funds" policy, students are considered to have "earned" the percentage of their Title IV aid (Federal Perkins Loan, Federal Pell Grant and Federal Supplemental Educational Opportunity Grant) that equals the percentage of the quarter completed (in calendar days). For example, if a student who received $500 of Title IV aid in the form of a financial aid check completely withdraws from classes after completing 10% of the quarter, that student has "earned" 10% ($50) of the Title IV aid that was disbursed in the form of a financial aid check. The remaining $450 is considered to have been "unearned," and the student will owe a repayment of half of the "unearned" funds. Students who owe a repayment to financial aid funds will receive a bill from the Financial Aid Office and should make their payment to the Financial Aid Office. To retain eligibility for financial aid, students must do one of the following within 45 days of the date of their bill: (1) make payment in full, or (2) make satisfactory repayment arrangements. If the student has not repaid or made satisfactory repayment arrangement within 45 days, the overpayment will be reported to the NSLDS and referred for collection to the Department of Education. Repayment of Non-Title IV Grant Funds Disbursed in the Form of a Financial Aid Check Students who receive NSCC Grant and/or State Need Grant funds in the form of a Financial Aid check and who withdraw (officially or unofficially) prior to the end of the quarter, will have the following calculation performed to determine if they owe a repayment:
Exception to the "Return of Title IV Funds" Policy If a student whose tuition and fees are paid in full withdraws from all of his/her classes after 60% of the quarter (in calendar days) has passed, the Return of Title IV Funds policy does not apply. The student will not owe money back to cashiering, nor will he/she owe a repayment to financial aid funds for Title IV aid received in the form of a financial aid check. For the 2006/2007 academic year, students who withdraw or stop attending classes on or before the dates listed below may be required to repay a percentage of the tuition paid and cash disbursed.
Post-Withdrawal Disbursements Students who are eligible to receive Title IV aid, but who did not receive their aid prior to making a complete withdrawal, may be eligible to receive a disbursement of financial aid funds, even though they have withdrawn. This is referred to as a "post-withdrawal disbursement." To be eligible to receive a post-withdrawal disbursement, students must have a complete financial aid file in the Financial Aid Office and meet all eligibility requirements. Students who are eligible to receive a post-withdrawal disbursement will be notified in writing by the Financial Aid Office and will have 14 days to respond to the notice. |