Complete Withdrawals and Return of Federal Title IV Assistance
NEIU Financial Aid Withdrawal Policy
Most Financial Aid Programs will not pay for courses dropped during the 90% refund period. After the 90% refund period has expired, student enrollment is captured and locked for the remainder of the term. Financial Aid Programs will disburse against the student’s University Billing account based on the captured enrollment hours. Academic progress appeals are required for reinstatement of financial aid for terms following a complete or unofficial withdrawal.
Complete (OFFICIAL) Withdrawals
The Financial Aid Office is required to perform a Return of Title IV calculation for students receiving Federal funds and who completely withdraw from all registration before 60% of the term has expired. Once the calculation is performed, any Federal assistance is adjusted and the student is notified of the amount that must be returned to the U.S. Department of Education. NEIU returns the calculated amount thereby creating a bill against the student’s accounts receivable. These funds include:
- Federal Pell Grant
- Federal Supplemental Education Opportunity Grant
- Federal TEACH Grant
- Federal Perkins Loan
- Federal Direct Subsidized Stafford Loan
- Federal Direct Unsubsidized Stafford Loan
- Federal Parent Loan for Undergraduate Students
The Financial Aid Office is required to perform a Return of Title IV calculation for students receiving Federal funds and who receive no grade point average for a given semester. This includes any combination of I, F, W or X grades. This is referred to as an unofficial withdrawal. Once the calculation is performed, the student is notified and has the opportunity to submit documentation from instructors to the Financial Aid Office verifying the actual last date of attendance. If the last date of attendance is after the midpoint of the term, it minimizes the amount that must be returned to the U.S. Department of Education. Once it is determined that funds must be returned, NEIU returns the calculated amount thereby creating a bill against the student’s accounts receivable.