Return of Title IV Funds
In accordance with Federal regulations, those students who receive federal financial aid and who officially withdraw from Lock Haven University of PA during the first 60% of a term will have their federal financial aid adjusted.
The adjustment is based on the percentage of calendar days used in the academic period. This percent is calculated by dividing the number of days in the term (excluding breaks of five days or longer) into the number of days completed prior to the withdrawal (excluding breaks of five days or longer).
The date of withdrawal will be the date the student begins the withdrawal process at the Student Affairs Office unless there is documentation of class attendance beyond that date.
Students who do not follow the official withdrawal procedure but who stop attending classes for all of their courses, will be considered to have withdrawn at the 50% point of the term unless attendance is documented after that time. There will be no adjustment to federal financial aid after the completion of at least 60% of the term.
Once the amount of federal funds to be returned has been calculated, the funds will be returned in the following order:
Unsubsidized
Subsidized
Perkins Loans
PLUS Loans
Pell Grants
Academic Competitiveness Grants
National SMART Grants
Supplemental Educational
Federal TEACH Grants
Students who receive a refund of financial aid prior to withdrawing from the University may owe a repayment of federal financial aid funds received. Students will be billed by the Student Financial Services Office and will be given 30 (thirty) days to repay the funds to the University. Students who fail to repay the unearned portion of Federal financial aid funds given to them will become ineligible for continued receipt of financial aid until such time as the repayment is made.