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Federal Return of Funds Policy Upon determination that you have withdrawn, the College must calculate, using a Department of Education formula based on the actual number of days in the enrollment period, the actual amount of financial aid earned by you for the time you were in school for that quarter. If the withdrawal occurs before 60% of the quarter is completed, any unearned funds must be returned as required by the Department of Education. This policy can result in your owing the College for tuition that was not covered by financial aid and/or owing the Department of Education for funds received by you that were not earned. If you are determined to be in an over-awarded position, you may become ineligible for future Title IV financial aid until such time as the overaward has been resolved. Once you have attended at least 60% of the quarter, you are considered to have earned all of the financial aid for that quarter. If the College’s Institutional Refund Policy creates a credit balance after the 60% point, those funds are returned as mandated by the Department of Education in 34 CFR 668.22(i). Additional information or clarification of this policy may be found on the College website or in the financial aid office. Institutional Refund Policy At Huntington Junior College you pay only for the period of time that you are enrolled in school. If you are withdrawn from school, the tuition charge is prorated on a weekly basis until the official last day to drop a class for that quarter. If this calculation results in a credit balance on your account, funds will be returned as mandated by the Department of Education in 34CFR 668.22(i). Adjustments and refunds based on withdrawal from an individual class or classes are made through the second week of each quarter. |