Return of Title IV Formula
Title IV Financial Aid is recalculated based on the number of days attended, the total federal aid, and total institutional charges. The percentage of unearned aid to be returned is equal to the number of days remaining in the semester/term divided by the number of calendar days in the semester/term. If you initiate an official complete withdrawal after the 60% point in the semester, you will have earned 100% of the aid you received for that semester/term. The date of withdrawal is counted as a completed day. Scheduled breaks of more than 4 consecutive days within a semester are excluded.
If a return of Title IV aid is required, Lawson State will return the unearned portion of Title IV financial aid funds to the federal programs on behalf of the student. Any return of financial aid funds made by the college on behalf of the student will be charged to the student's college account. Payment for these charges is due on demand. Please pay Lawson State directly for these charges; not the U.S. Department of Education.
If you are one of the few students who are eligible for a post-withdrawal disbursement, you will be sent a letter of notification of your eligibility, which must be returned within 14 days from the date of the notice, or the offer will be rescinded.