Return of Title IV Funds occurs when a student withdraws from all classes without completing 60% of the semester. When you receive Pell grant and Federal Supplemental Opportunity Grant to attend Sisseton Wahpeton College, you are agreeing to complete courses covered by your financial aid. According to the Department of Education regulations, if you withdraw from all classes prior to completing more than 60% of a semester, your aid will be recalculated based on the percent of the semester you have completed. The percentage used in calculating a repayment will be the date the student has totally withdrawn from classes.
The date of withdrawal is determined by the student attendance records. The date of school‘s determination that the student withdrew is determined by the Registrars withdraw form. When a student withdraws unofficially or administratively, the student’s last day of attendance is used to calculate the amount of the financial aid to return. If you are thinking about withdrawing from all of your classes or decide to stop attending classes, please contact the Financial Aid Office to determine how this will affect your financial aid and possible repayment.
It is the policy of Sisseton Wahpeton College to send all calculated Return to Title IV funds to the Department of Education for collection; this will determine the student’s eligibility for future Title IV funding, regardless of the institution.