Financial aid is awarded to students contingent upon completion of the semester. The Higher Education Amendments of 1998, Public Law 105-244 require colleges to calculate the Return of Title IV Funds Policy (R2T4) when a recipient of Title IV aid (new or returning) completely withdraws from the college through the 60% point during a payment period. The institution must calculate the amount(s) of Title IV aid the student earned and return the unearned portion(s) of the Title IV fund(s) to the Title IV program(s). In some calculations, the institution and student will be required to return unearned Title IV funds to the Title IV programs. Federal financial aid at Haywood Community College includes: Federal Pell Grant and the Federal Supplemental Educational Opportunity Grant.. Students receiving federal aid will be required to repay a portion of that aid if they withdraw from all classes prior to the 60% point of the semester. This policy is not the same as the Haywood Community College’s refund policy.

R2T4 calculations are based on  the student’s last date of recorded attendance and/or class participation. The student will be mailed a letter within 60 days detailing any amounts due to HCC and/or to the United States Department of Education. Students will not be allowed to register in courses or receive an official transcript until his/her account is cleared.

If a student owes money to the Department of Education, the student must repay the amount or make satisfactory payment arrangements with the Department of Education to remain eligible for federal financial aid. Students are given 45 days from the date of notification to make payment arrangements. After the 45-day period, HCC will report the account to the Department of Education for collection.

In the case where HCC is required to return money to the Department of Education on the student’s behalf, the student will have 30 days to pay their balance to Haywood Community College.  If payment is not made within 30 days, HCC will follow the Collection of Accounts Receivable procedure.