Return of Title IV Aid Formula
Federal Title IV aid is recalculated based on the number of days attended. The percentage of unearned aid to be returned is equal to the number of days remaining in the semester divided by the number of calendar days in the semester. If you sign a Withdrawal Request form (regular or medical/compassionate) after the 60% point in the semester (see table), you will have earned 100% of the aid you received for that semester. If you sign a Medical/Compassionate Withdrawal Request after the end of the semester you are withdrawing from, Student Financial Assistance will use the "Approved Effective Date" as noted by your college as the date of withdrawal. The date of withdrawal is counted as a completed day. Scheduled breaks of more than 4 consecutive days within a semester are excluded. Federal Work-Study is not considered.
If a return of Title IV aid is required, CCSU will return the unearned portion of Title IV financial aid funds to the federal programs on behalf of the student. Any return of financial aid funds made by the university on behalf of the student will be charged to the student's university account. Payments for these charges are due on demand. Please pay CCSU directly for these charges; not the U.S. Department of Education.
Note: Once financial aid cancels or reduces your Direct Loans, a bill will be posted to your student account. When you see that bill on your student account, you need to return the loan funds to CCSU, not to Direct Lending. CCSU will return the loans funds to Direct Lending on your behalf.
If you are one of the few students who are eligible for a post-withdrawal disbursement, you will be sent a letter of notification of your eligibility, which must be returned within 14 days from the date of the notice, or the offer will be rescinded.
Title IV Financial Aid will be returned in the following order*:
- Federal Unsubsidized Stafford Loans
- Federal Subsidized Stafford Loans
- Federal Perkins Loans
- Federal PLUS Loans
- Federal Pell Grants
- Academic Competitiveness Grant
- National SMART Grant
- Federal TEACH Grant
- Iraq and Afghanistan Service Grant
*Please Note: Federal Work-Study is Title IV aid but is not considered in the Return of Title IV Formula. However, in ALL complete withdrawal cases, you must discontinue employment under the Federal Work-Study Program after your date of withdrawal