The law specifies how Citrus College must determine the amount of Title IV program assistance that you earn if you withdraw from school. The Title IV programs offered at Citrus College that are covered by this law are Federal Pell Grants, Direct Loans, Direct PLUS Loans, and Federal Supplemental Educational Opportunity Grants (FSEOGs).
Though your aid is posted to your account at the start of each period, you earn the funds as you complete the period. If you withdraw during your payment period or period of enrollment during the fall, spring, or summer semesters the amount of Title IV program assistance that you have earned up to that point is determined by a specific formula. If you received (or Citrus College, or your parent received on your behalf) less assistance than the amount that you earned, you may be able to receive those additional funds. If you received more assistance than you earned, the excess funds must be returned by the school and/or you.
The amount of assistance that you have earned is determined on a pro rata basis. For example, if you completed 30% of your payment period or period of enrollment, you earn 30% of the assistance you were originally scheduled to receive. Once you have completed more than 60% of the payment period or period of enrollment, you earn all the assistance that you were scheduled to receive for that period.
If you did not receive all of the funds that you earned, you may be due a post-withdrawal disbursement. If your post-withdrawal disbursement includes loan funds, Citrus College must get your permission before we can disburse them. You may choose to decline some or all of the loan funds so that you do not incur additional debt. Citrus College may automatically use all or a portion of your post-withdrawal disbursement of grant funds for tuition, and fees per your indication on your authorization form. Citrus College needs your permission to use the post-withdrawal grant disbursement for all other institutional charges. If you do not give your permission, you will be offered the funds. However, it may be in your best interest to allow Citrus College to keep the funds to reduce your debt at the school.
There are some Title IV funds that you were scheduled to receive that cannot be disbursed to you once you withdraw because of other eligibility requirements. For example, if you are a first-time, first-year undergraduate student and you have not completed the first 30 days of your program before you withdraw, you will not receive any Direct Loan funds that you would have received had you remained enrolled past the 30th day.
If you receive (or Citrus College, or your parent receive on your behalf) excess Title IV program funds that must be returned, Citrus College must return a portion of the excess equal to the lesser of:
- your institutional charges multiplied by the unearned percentage of your funds, or
- the entire amount of excess funds.
Citrus College must return this amount even if we didn't keep this amount of your Title IV program funds. The return of the Title IV funds to the programs from which the student received aid during the payment period must be in the following order.
- Unsubsidized Federal Direct Loans
- Subsidized Federal Direct Loans
- Federal Direct Plus Loans
- Federal Pell Grant
- Federal Supplemental Educational Grant (FSEOG)