Attention: Student refund checks for Fall 2007 will be disbursed on Friday, September 21, 2007 at 9:00 a.m. in the HPER Lecture Hall. Additional refund checks will be disbursed each Friday thereafter.

Refund of Federal Student Aid Funds

Federal regulations require universities to have a written, published policy for the refund and repayment of federal financial aid received by students who withdraw during a term. These policies are effective only if the student completely terminates enrollment (i.e. cancels his/her registration, withdraws, is dismissed, or stops attending class before completing more than 60 percent of the enrollment period.

Refund/repayment of Title IV Financial Aid Funds

UAPB implemented the new requirements mandated by the Department of Education for the treatment of Title IV funds when a student withdraws in October 2000. These new requirements were added to the law by the Higher Education Amendments of 1998 (Public Law 105-244) and are found in section 484B of the Higher Education Act of 1965, as amended, and in the implementing final regulations published on November 1, 1999 (64 FR 59016).

A repayment to the federal aid programs (Pell Grant, Supplemental Educational Opportunity Grant, Perkins Loan, Stafford Loan Program and PLUS programs) may be required when cash has been disbursed to a student from financial aid funds in excess of the amount of aid the student earned during the term. The amount of Title IV aid earned is determined by multiplying the total Title IV aid (excluding Federal College Work-Study funds) for which the student qualified by the percentage of time during the term that the student was enrolled.

If less aid was disbursed than was earned, the student may receive a late disbursement for the difference. If more aid was disbursed than was earned, the amount of Title IV aid that must be returned is determined by subtracting the earned amount from the amount actually disbursed.

The responsibility for returning unearned aid is allocated between the University and the student according to the portion of disbursed aid that could have been used to cover University charges and the portion that could have been disbursed directly to the student once University charges were covered. UAPB will distribute the unearned aid back to the Title IV programs as specified by law. The student will be responsible for any balance on his or her account, which results from these adjustments.