About Return of Title IV Funds Policy
As a student receiving Federal (Title IV) Financial Aid, it’s important to understand the policies behind your eligibility; one of these policies is the Return of Title IV Funds (R2T4). When a student stops attending all of their classes, enrolls and never attends or receives all W, F and/or NP grades the Financial Aid Office is required to determine how much of the financial aid the student received was earned. The Financial Aid Office performs a calculation based on the financial aid received versus the amount of days attended in the term. Unearned aid must be repaid by the student.
The R2T4 calculations may result in a balance owed. Students with an outstanding balance will be prohibited from registering until their balance is paid in-full. Following federal regulation, the order of returned funds is as follows:
- Unsubsidized Federal Direct Loan
- Subsidized Federal Direct Loan
- Parent Federal Direct PLUS Loan
- Federal Pell Grant
- Federal Supplemental Educational Opportunity Grant (FSEOG)
- Iraq and Afghanistan Service Grant
Withdrawal will almost always impact a student’s Satisfactory Academic Progress. Click here to learn more about SRJC's SAP Policy.