Undergraduate - Tuition and Financial Aid NMSU offers scholarships and financial aid options to help make funding your education possible. A federal financial aid (Title IV) recipient who withdraws from the University is subject to a Return of Title IV (R2T4) calculation. When will funds be reflected in my bank account? Financial Aid Financial Aid Return of Federal Title IV Funds Policy For payroll transactions, it takes 5 business days for direct deposit to become active. Title IV Aid Disbursement. The school has 45 days from the date of determination of withdrawal to return unearned Title IV funds. The refund can be the result of financial aid, loans, or simply overpayment. Federal Financial Aid (Title IV aid) is awarded under the assumption that a student will remain in attendance for the entire period of enrollment for which aid was awarded. Financial Aid If you withdraw from the university and have received financial aid, any refundable amount of your institutional charges (tuition and fees and/or university housing costs) may be Adjustment of Financial Aid Due to Discontinuance of Study. In accordance with University policy and Federal regulations governing Title IV financial aid programs, the Office of Financial Aid and Student Employment will determine whether total or partial refund/repayment of financial aid funds may be due when a student withdraws from the University or when there is a change in the student’s financial aid eligibility. The Office of Financial Aid is here to assist you as you navigate the financial aid process. A college education is one of the most important investments you will ever make. Stay Close. You may login to your eBill account to determine if you have a credit balance or an amount due 8:00 a.m. - 5:00 p.m. Regaining Eligibility: If you lose federal financial aid eligibility, there may be something you can do to get it back. The Financial Aid Services staff is working diligently to ensure that your financial aid is processed and your eligibility for aid is determined in a timely manner. As a student receiving financial aid at Cochise College: You are responsible for providing accurate information to the Financial Aid office. Procedures involving award recoveries from financial aid recipients are based on federal and state legislation. Students who withdraw from classes and have received Title IV Aid may be required to repay the amount of unearned aid. The university processes refunds to students based on a refund processing schedule and in a manner that complies with Department of Education requirements for refunding financial aid (Title IV) funds. Financial Aid and Scholarship Services’ goal is to provide understandable information and timely service to all students. Title IV Refund Policy Financial Aid Staff Code of Conduct Eligibility and Conditions Apply Today Request Info Visit LSUS. Financial aid funds are often limited, so it is important that you apply early. Financial aid helps students and their families pay for college and is available through a variety of federal, state and institutional programs. Student Financial Accounts One Bear Place #97048 Waco, TX 76798-7048 Student Financial Aid One Bear Place #97028 Waco, TX 76798-7028 Student Financial Accounts: 254.710.2311 Financial Aid: 254.710.2611 When will funds be reflected in my bank account? Other Federal Sources of Aid. The Return of Title IV Funds is based on the premise that students “earn” financial aid for each calendar day that they attend classes. Apply for Financial Aid Fill out the Free Application for Federal Student Aid (FAFSA) or California Dream Act Application (CADAA) , and we will help you identify the aid for which you are eligible. Financial Aid: Return Of Title IV Funds. Visit our student services page for current information on how to access the services you need from home. There is a silver lining for you if you received Federal Student Aid (FSA). Financial Aid Refunds (TITLE IV Recipients) Withdrawing or stopping attendance may result in financial debt for the student and may also make the student ineligible for future financial aid, including loans. Return of Title IV Funds Policy. For example, if a student attends 32 days of a semester that is 80 calendar days in length, the student will have “earned” 40 percent of his or her aid. The Financial Aid Office is here to help you get the financial support you need to pay your tuition and fees and afford college. A college education is one of the most important investments you will ever make. Student refunds will be sent to the requested bank account within 3 business days from the approval of the refund request. As a federal financial aid recipient, it is important to understand that there is a unique refund schedule for your financial aid that differs from the university tuition and fee refund schedule. Memorial Loan or Bailey Loan), Late Payment, Default, Excess Hours Tuition, or Repeat Course. Responsibilities. Refunds caused by financial aid and loan payments are issued after the initial disbursement of financial aid, which generally occurs a few weeks after the start of the semester. Other Federal Sources of Aid. Return of Title IV (federal) financial aid. Title IV aid is Stafford, Perkins, and Plus loans as well as SEOG, Pell, and Contract grants. Financial aid is only disbursed for classes you are actively attending. Upon the institution’s knowledge of a student’s withdrawal date, necessary funds are returned to the federal government within 45 calendar days. This may result in a refund being automatically issued to you that creates a balance due on your account. What is Non Title IV financial aid? When a financial aid recipient withdraws from a semester or unofficially withdraws by ceasing to attend classes, federal regulation requires a Return of Title IV (R2T4) calculation to determine if any federal Title IV aid must be repaid. Since HCC is multiple start dates, we accept financial aid applications throughout the year. NMSU offers scholarships and financial aid options to help make funding your education possible. Please read all of the information you receive from the Financial Aid Office. The HEA lists the basic criteria that a school must meet in order to participate in Title IV student aid programs. 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