Treatment of Title IV Student Financial Aid Funds When a Student Withdraws
When federal Title IV grant or loan assistance is disbursed and the recipient does not complete the enrollment period, the law requires that The University of Texas Rio Grande Valley calculate the amount that must be returned by the school and/or student to Title IV program accounts.
The date the student initiates the withdrawal is used for calculating the percentage used in the formula for Return of Title IV funds. The number of days from the first-class day to the withdrawal date divided by the number of days in the payment period (semester) equals the percentage of Title IV funds earned. If the withdrawal date is after the 60 percent point of the semester, the student has earned 100 percent of the Title IV funds.
If a student fails to earn a passing grade in at least one class, The University of Texas Rio Grande Valley is required to calculate the amount for Return of Title IV funds based on the last day of enrollment. If last day of attendance cannot be determined, UTRGV may use the midpoint of the period (in lieu of an official withdrawal date) as documentation of the student’s last date of attendance. Unless the student can provide acceptable documentation that shows the student was enrolled more than 60 percent of the semester, the student may owe a refund back to UTRGV and the federal government.