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Withdrawal and Return of Title IV Federal Funds Policy - R2T4

Financial aid funds are awarded with the assumption that the student will attend school for the entire term for which the aid was awarded. Therefore, if a student withdraws or ceases attendance, the student may no longer be eligible for the full amount of Financial Aid originally scheduled to receive. Federal regulations require the Office of Financial Aid to monitor student enrollment, official and unofficial withdraws, and perform specific calculations on how much financial aid a student has earned. It is important that all aid recipients understand the potential financial impact of withdrawing from classes. Once the 60% point of the semester has occurred, a student is considered to have earned all of the financial aid originally awarded and will not be required to repay any funds as a result of withdrawal. 

The calculation for the R2T4 federal financial aid funds are based on whether a withdrawal is classified as official or unofficial.  

R2T4 Calculation of Earned Federal Financial Aid Funds

Financial aid recipients earn the aid originally received by remaining in the courses in which they were disbursed/paid for. The amount of federal assistance earned is based on a pro-rated system in accordance with federal regulations, 34 CFR 668.22.  

Post Withdrawal Disbursement 

If a student did not receive all of the funds that they earned, the student may be due a post withdrawal disbursementIf the student is eligible for a post-withdrawal disbursement of a Title IV grant funds, it will be posted to the students account within 45 days of the schools determineed withdraw date. If the student is eligible for a post-withdrawal disbursement of loan funds, CMU will notify the student within 30 days of the schools determined withdraw date and allow the student 14 days to accept or decline the fundsCMU may use all or a portion of a student’s post-withdrawal disbursement to offset any eligible, outstanding allowable charges on the students billing account. Any credit balances will be issued to the student as soon as possible, no later than 14 days after disbursement to the student account.

Questions Regarding Title IV Funds

Call the Federal Student Aid Information Center at 1-800-4-FEDAID (1-800-433-3243). TTY users may call 1-800-730-8913. Information is also available on Student Aid on the Web at