ADMISSION
285
Birmingham-Southern College Catalog 2014-2015
Reinstatement.
A student who loses Title IV eligibility as a result of this
policy may attend the College without benefit of Title IV aid if the student
is otherwise eligible to enroll. If the student’s academic progress improves
and meets minimum standards of academic progress and the student is
otherwise eligible for Title IV aid, eligibility may be reinstated.
Return of Title IV Funds
The College is required to return Title IV funds if a recipient withdraws
during the first 60 percent of the semester. The refund calculation and
process is governed by federal regulation, and the College is required (a)
to determine the portion of aid earned by the student up until the date of
withdrawal and (b) to refund or repay the amount of unearned aid.
Withdrawal Date.
For the purposes of Title IV refund policy, the
withdrawal date of an official withdrawal is the date the student initiated
the withdrawal process or notified any administrative office of his or her
intention to withdraw. In the event of an unofficial withdrawal, the College
determines the last date of academic activity that can be documented in
the College’s records and uses that date as the withdrawal date. Where no
official date is determined, students will receive no more than 50 percent of
eligible funds.
Earned Title IV Aid.
The U.S. Federal Government determines the
amount of Title IV funds a student has earned as of the withdrawal date.
The amount of the Title IV program assistance earned is based on the
amount of time the student spent in academic attendance. Earned financial
aid is therefore determined by counting the number of days the student
attended during a specific period of enrollment and then dividing this
number by the total number of days in the term.
Unearned Title IV Aid.
Unearned Title IV aid is the amount of Title IV
funds credited to the student account to cover the period of semester after
the withdrawal date. The College is required to calculate and return all
unearned Title IV aid.
Example.
For example, a student receives $1,000 in Pell Grant funds. The
student attends 30 days of the semester, which has 80 days of instruction.
The student earned 38 percent (30/80) of the Title IV aid or $380. In the
above example, 62 percent (100 – 38) of the Title IV aid credited to the
student account is considered unearned. Therefore, $620 must be returned
to the Pell Grant program.
Notice.
If a student withdraws and is subject to the Return of Title IV
Funds policy, the College completes the calculation in a timely manner,
awards are adjusted, aid is refunded and/or repaid, and the student is
notified in writing.
