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Return of the Title IV (Federal) Funds Policy


This policy applies to students who withdraw or are expelled during the first 60% of the semester. The term "Title IV Funds" refers to the Federal financial aid programs authorized under the Higher Education Act of 1965 (as amended) and includes the following programs: Federal Direct Unsubsidized Loans, Federal Direct Subsidized Loans, Federal Perkins Loans, Federal Direct PLUS Loans, Federal Pell Grants, Federal Supplemental Educational Opportunity Grants (FSEOG) and Federal Teacher Education Assistant for College and Higher Education Grant (TEACH).
    The student's withdrawal date is:
  • The date the student began the institution's withdrawal process (as described under the section Registration Information/Withdrawal from College in the Mount Marty College Catalog) or officially notified the institution of intent to withdraw; or
  • The midpoint of the period for a student who leaves without notifying the institution; or
  • The student's last date of attendance at a documented academically-related activity
Title IV aid is earned in a prorated manner up to the 60% point in the semester. Title IV aid is viewed as being 100% earned after that point in time. If a student withdraws on or before the 60% point in the period of enrollment (calculated using calendar days), the student may be required to return all or a portion of the Federal Title IV funds they recieved. The calculation of the return of these funds may result in the student owing a balance to the college and/or the Federal Government. A copy of the "Return of Title IV Funds Worksheet" used for this calculation is available in the Mount Marty College Financial Assistance Office.
    Mount Marty College responsibilities regarding "Return of Title IV Funds" include:
  • Dispersing "Return of Title IV Funds" information to students
  • Identifying students affected by this requirement
  • Completing the "Return of Title IV Funds" worksheet calculation for those students
  • Returning any Title IV funds that are due the Title IV programs

  • The student's responsibilities regarding the "Return of Title IV Funds" include:
  • Returning to the Title IV programs any funds that were disbursed directly to the student and which the student was determined to be ineligible for after the "Return of Title IV Funds" worksheet is calculated.

  • The order for the return of Title IV funds is as follows:
  • Federal Direct Unsubsidized Loans
  • Federal Direct Subsidized Loans
  • Federal Perkins Loans
  • Federal PLUS Loans
  • Federal Pell Grants
  • Federal Supplemental Educational Opportunity Grants (FSEOG)
  • Federal Teacher Education Assistant for College and Higher Education Grant (TEACH)
  • other Title IV assistance
The Board of Trustees of Mount Marty College reserves the right to make changes in charges published in this bulletin whenever it may be necessary to do so.