|
Federal financial aid is provided with the expectation that you will attend and participate in your classes for the entire semester. If you withdraw from all of your classes, you may be required to repay a portion of the federal financial aid you received.
This process is called the Return of Title IV Funds (R2T4) and is required by federal law.
What Is Title IV Financial Aid?
Title IV financial aid includes the following federal programs:
- Federal Direct Subsidized Loans
- Federal Direct Unsubsidized Loans
- Federal Direct PLUS Loans (Parent or Graduate)
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- Iraq and Afghanistan Service Grant
- TEACH Grant
When Does R2T4 Apply?
An R2T4 calculation is required if you:
- Officially withdraw from all of your classes, or
- Stop attending all classes before the end of the semester and do not meet an exemption, or
- Do not successfully complete all modules (parts of term) in which you were enrolled at the beginning of the semester, or
- Receive no passing grades in any class and the university cannot document that you participated in an academically related activity
If you never begin attendance in any class, you are not eligible for federal aid, and all federal aid disbursed must be returned.
When Are Students Not Considered Withdrawn?
You are not considered withdrawn for federal aid purposes if you meet at least one of the following:
- You completed all requirements for your program before the end of the semester
- You successfully completed enough coursework to be considered at least half‑time (for students enrolled in modules)
- You successfully completed one or more modules that together covered 49% or more of the semester, excluding scheduled breaks
Students who meet one of these conditions are considered completers and are not subject to R2T4.
How Is Earned Financial Aid Calculated?
Federal aid is earned based on how long you attended during the semester.
- The percentage earned =
Number of days attended ÷ Total number of days in the semester
- Scheduled breaks of five or more consecutive days are not counted.
- If you complete more than 60% of the semester, you earn 100% of your federal aid for that term.
Example
If you attended 30% of the semester, you earned 30% of the federal aid you were scheduled to receive.
What Happens to Unearned Aid?
If you received more aid than you earned, Texas Wesleyan University must return the unearned portion to the federal government in the following order:
- Federal Direct Unsubsidized Loan
- Federal Direct Subsidized Loan
- Federal Direct PLUS Loan
- Federal Pell Grant
- Iraq and Afghanistan Service Grant
- Federal SEOG
- TEACH Grant
You may be responsible for repaying a portion of grant funds, subject to federal overpayment protections.
How Is Your Withdrawal Date Determined?
Your withdrawal date is one of the following:
- The date you begin the official withdrawal process, or
- Your last date of academically related activity, if documented, or
- The midpoint (50%) of the semester, if no academic activity can be documented
Academically related activity includes things such as:
- Attending class or participating in an online discussion
- Taking an exam or quiz
- Submitting an assignment or project
Post‑Withdrawal Disbursements
In some cases, you may have earned more aid than was disbursed before you withdrew.
- Grant funds may be applied to your tuition and fees without permission.
- Loan funds require your written permission before they can be disbursed.
- You may decline loan funds to avoid additional debt.
Your Financial Responsibility
- You are responsible for any balance owed to the university after federal funds are returned.
- You are responsible for repaying grant overpayments, if applicable.
- Withdrawal may also affect your Satisfactory Academic Progress (SAP) and future financial aid eligibility.
Important Notes
- The federal R2T4 calculation is separate from the university’s tuition refund policy.
- Reductions in tuition charges do not eliminate federal aid repayment requirements.
- Students who withdraw or drop below half‑time enrollment may be required to complete Loan Exit Counseling.
Need Help or Have Questions?
Withdrawing can have serious financial consequences. We strongly encourage you to contact the Office of Student Financial Aid before withdrawing so you understand how your financial aid may be affected.
|
