Return to Title IV (R2T4) Overpayment
A student who receives federal financial assistance and withdraws from all of their classes before completing more than 60% of the semester will be required to return any unearned federal funds. The amount of the return will be calculated on a pro-rata basis.
Federal regulations require a recalculation of financial aid eligibility if a student:
-
- Completely withdraws;
- Stops attending before the semester’s end;
Example Calculation:
19 days attended out of 111 days in the semester (fall/spring)
19 / 111 = 17.11% Earned
100% - 17.11% = 82.89% owed back to Financial Aid
For more information:
Contact: Tracy Gillman
Phone: (209) 575-7702
Location: West Campus, Yosemite Hall Rm 147
Email: mjc_fa_accounting@mjc.edu
Office Hours: Monday - Friday 8:00AM to 5:00PM