Calculating Earned Financial Aid

Read how the Financial Aid Office calculates earned financial aid

 

The amount of earned financial aid is calculated on a daily basis from the first day of classes. The process uses calendar days rather than school days.

Earned aid is determined by taking the number of days attended before withdrawing divided by the total number of days in the term (first day of classes until the last day of finals, excluding spring break).

For a student who attends their classes and withdraws after the 60% point of the term, there are no unearned funds. The calculation of the Return of Title IV aid only applies to students who withdraw prior to the 60% point of the term.

If a student enrolls in late start courses solely the term start and end dates are based on the earliest start date and the last end date among the courses. If the student satisfactorily completes at least one course, there is no Return of Title IV Fund calculation. If the student stops attending the first course (or the course with the earliest end date) and is not presently attending other courses, a Return of Title IV funds must be completed, unless the student confirms his/her intention to return later in the term to take another course.

If the student has all non-passing grades at the end of the term, the Return of Title IV Fund calculation will be based on the earliest last date of attendance.