Return of Federal Title IV Funds Policy

Students earn financial aid each time they attend class. For that reason, Federal funds (Pell Grant, Academic Competitiveness Grant, FSEOG) may need to be returned if you withdraw before the end of the semester. You must complete 60 percent of the semester (usually 11 weeks) or you may be required to repay part of the financial aid disbursed for that semester. When the total amount of unearned aid is greater than the amount returned by HCC’s student’s account, the student owes an overpayment. Effective July 1, 2006, the amount of a grant overpayment due from a student is limited to the amount by which the original grant overpayment amount exceeds half of the total Title IV grant funds received by the student. A student does not have to repay a grant overpayment of $50 or less. If an overpayment is due, the student is responsible for returning unearned aid to the appropriate program(s) as follows:

  • Unsubsidized DL Loan*
  • Subsidized DL Loan*
  • PLUS DL Loan*
  • Federal Pell Grant
  • Federal Academic Competitiveness Grant
  • Federal SEOG
  • Other Title IV grant programs

*Loan amounts are returned with the terms of the promissory note.

Examples of common withdrawal/refund situations are available in the Financial Aid Office.
This page was last modified on Wednesday, February 08, 2012 at 02:14 PM