The University defines withdrawing as a termination of all your enrollment for the term. If a student withdraws:
- Prior to the scheduled census date for the term the student will receive a 100% tuition refund (less any non-refundable fees). Students that drop all classes on or after the first day of classes and before or on the census date of the term will have the Return to Title IV calculation performed on federal aid that has been offered or disbursed. All state and institutional aid that has offered or disbursed to the student account will be cancelled in its entirety. The student will need to return these funds to the university.
- After the scheduled census date for the term, all federal (Title IV) aid will be adjusted according to federal regulations (Return of Title IV Aid). State and institutional aid will not be cancelled.
- If a student disenrolls prior to census, they must be enrolled at least half-time and attend at least one day of their classes in order to establish eligibility for federal aid programs. Pell grants require one credit hour of enrollment.
General Guideline for Return of Title IV Aid (R2T4)
Federal regulations state that a student is entitled to the amount of Title IV aid the student earned prior to his/her withdrawal date.
enrolled days* divided by days in the period of enrollment* equals percentage of aid earned
*excludes scheduled breaks of 5 or more days
If a student's percentage of aid earned is greater than 60%, no aid will be returned for the term in which the student withdrew.
Timing of Returned Federal Funds
There are two deadlines that the University are required to meet in the processing of returning of federal aid and in the post withdrawal disbursement of federal funds:
- The calculation of unearned aid and the return of funds must be made within 45 days of the date of determination that the student has withdrawn.
- The required notification of the post withdrawal fund must be made within 30 days of the date of determination that the student has withdrawn.
Return of Unearned Aid
Title IV Aid
In most cases the Return of Title IV Aid calculation requires the school and the student to return the unearned portion of federal (Title IV) aid. The order of the unearned federal aid to be returned:
- Unsubsidized Direct Loan*
- Subsidized Direct Loan*
- Federal Parent or Graduate PLUS Loan*
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant (SEOG)
- Other Federal Aid ( excluding: Federal Work Study (FWS), Leveraging Educational Assistance Partnership(LEAP) and Special Leveraging Educational Assistance Partnership (SLEAP))
*The student/parent portion of the loan is to be repaid in accordance with the terms of the Promissory Note.
Institutional and State Aid
University of Colorado Colorado Springs institutional policy does not return institutional and state aid after the census date in the withdrawal calculation. If a student receives a tuition refund in a term that state and/or institutional aid was received, that aid will be reversed up to the amount of the aid or refund, which ever is less.
- Institutional Grant Aid
- Colorado Student Grant (CSG)
- Institutional Scholarships
- Athletic Scholarships
- Other State Aid
Return of Other Aid is determined by the donor.
- Private Scholarships
- Tuition Assistance
Post Withdrawal Disbursements
A post withdrawal disbursement (PWD) can occur when a student completely withdrawals and has been awarded aid that has not yet disbursed. The student must meet the requirements of a late disbursement in order for this disbursement to be made. There are two types of PWD:
- When a student has a PWD of grant funds:
- If the student owes a bill the grant funds may be disbursed without the authorization of the student, to that bill.
- If the student does not owe a bill, we will require authorization by the student to disburse the funds to the student.
- When a student has a PWD of loan funds:
- We require authorization from the student and/or parent before we can disburse the funds.
When a student notifies the financial aid office of his or her intent to withdrawal from the university, the official date of withdrawal for the Return of Title IV calculation is the date the student notified the financial aid office, not the date the student completed the official withdrawal process for the university.
If a student decides not to withdraw after notifying the financial aid office, the student will be required to turn in a letter rescinding his or her intent to withdraw. If a student withdraws after submitting this request, the original date of intent will be used in the Return of Title IV calculation.
Students that stop attending classes and do not follow the Official Withdrawal Process for the University and receive all F's are considered an unofficial withdrawal for the term that they were enrolled in. For students that unofficially withdraw from the University, the student's last date of attendance, as determined by the grading policy, will be used in the Return of Title IV calculation. Once the last date of attendance has been determined the same policy discussed above will be applied to determine the unearned aid that will be returned.
Note: Once the last date of attendance has been determined, the withdrawal calculation is completed, the last date of attendance will not be adjusted. Please contact the financial aid office to discuss any exceptions.
All students that withdraw officially or unofficially from the University will receive a letter from the Financial Aid Office explaining why their aid was reduced and how much was returned due to Return of Title IV calculation. The student will also receive a revised bill from Student Financial Services showing how much is due to the University.
To ensure you receive this information in a timely manner, please make sure your address and phone number are updated with the university.