Withdrawal From College

MYMC | Admissions & Registration | Montgomery College home page

When you withdraw from college

Title IV Funds

Refund Policy (all students)

To obtain a refund of tuition and fees upon withdrawal from Montgomery College (MC), students must complete the appropriate procedure specified by the Office of Admissions and Enrollment Management. e effective date of a dropped course or complete withdrawal will be the date when written notification is received by the Admissions Office. Refunds of tuition and fees are calculated from the date the student withdraws from a class or classes.100% refunds of tuition and fees are issued for courses canceled by the College due to insufficient enrollment.

Tuition and Fee RefundsBe aware of withdrawal conditions and issues.

Fall/Spring/Summer semesters
The refund deadline date is equivalent to 6% of the number of times a course meets.
Refunds are paid at 100% for courses dropped on or before the date printed on the confirmation. There are no partial refunds for courses dropped after that date.
For students involuntarily withdrawing from the College, refunds are prorated based on the total amount of expired course time after the first week of classes. A withdrawal is involuntary if it results from one of the following:

1). Entering involuntarily on active duty into the armed services;
2). Illness of the student or in the immediate family of the student;
3). Death of the student or in the immediate family of the student; and
4). Involuntary transfer/change in work hours by the student’s employer which precludes continued attendance.

 

Treatment of Title IV Funds when Students Withdraw

Students awarded Title IV financial aid must earn their aid by attending classes.

When students completely withdraw from school or stop attending school during a semester, the school must follow rules established by the federal government to determine the amount of financial aid earned.
• When students receive more Title IV funds than they have earned, the unearned portion must be returned to program accounts.

• When students have not received all of their earned Title IV funds, they may still receive disbursements of this aid.

Title IV funds include the following programs:

1. Federal Pell Grant
2. Federal Academic Competitiveness Grant
3. Federal Supplemental Educational Opportunity Grant (FSEOG)
4. DC LEAP
5. Federal Perkins Loan
6. Federal Stafford Loans (subsidized and unsubsidized)
Federal PLUS Loans

The school and the student share responsibility for returning unearned Title IV aid.

• The school returns unearned Title IV funds that have been paid to the school to cover the student’s institutional charges.
• The student returns unearned Title IV funds that he or she received from loan and/or grant funds.
Returning Title IV funds to program accounts after the 100% tuition and fee refund period ends may cause students to owe charges to the school. Students must make arrangements with the Student Accounts Receivable Office to pay the debt.

 

Calculating Earned and Unearned Title IV AidIf a student leaves MC prior to completing 60% of a payment period or term, the financial aid office recalculates eligibility for Title IV funds. Recalculation is based on the percentage of earned aid using the following Federal Return of Title IV funds formula:Percentage of payment period or term completed = the number of days completed up to the withdrawal date divided by the total days in the payment period or term. (Any break of five days or more is not counted as part of the days in the term.) This percentage is also the percentage of earned aid.

Funds are returned to the appropriate federal program based on the percentage of unearned aid using the following formula: Aid to be returned = (100% of the aid that could be disbursed minus the percentage of earned aid) multiplied by the total amount of aid that could have been disbursed during the payment period or term.If students earn less aid than was disbursed, MC is required to return a portion of the funds and students are required to return a portion of the funds.

If students earn more aid than was disbursed, MC owes them a post-withdrawal disbursement which must be paid within 120 days of the student's withdrawal.MC must return the amount of Title IV funds for which it is responsible no later than 45 days after the date of the determination of the date of the student’s withdrawal.

Refunds are allocated in the following order:Unsubsidized Federal Stafford Loans
Subsidized Federal Stafford Loans
Federal Perkins Loans
Federal Parent (PLUS) Loans
Federal Pell Grants for which a Return of funds is required
Federal Academic Competitiveness Grant
Federal Supplemental Opportunity Grants for which a Return of funds is required
DCLEAP
Montgomery College uses the SCT Banner “Return of Title IV Funds” program to calculate earned and unearned Title IV aid when students withdraw from school. The software follows the format of the U.S. Department of Education’s (ED’s) recommended calculation worksheets for credit hour programs.

Link to FAFSA on the web
Page Content: Elford, GT Last Updated 03/24/08