The federal government has issued regulations regarding the return of funds disbursed for a student who completely withdraws from or abandons classes.
If you remain enrolled beyond the 60 percent point of the term, you earn all aid for that period.
During the first 60 percent of the term, you earn federal financial aid funds in direct proportion to the length of time you remain enrolled and attend classes. Any unearned financial aid will be canceled and returned to the appropriate program(s). Federal funds will be returned to the federal programs in the following order up to the maximum amount awarded: Federal Direct Stafford Loan, Federal Perkins Loan, Federal Direct Graduate PLUS Loan, Federal Direct PLUS Loan, Federal Pell Grant, Teacher Education Assistance for College and Higher Education Grant (TEACH), Federal Supplemental Educational Opportunity Grant.
You will be responsible for any charges previously paid with the aid. Any refunds of university fees will be applied to these charges before they are released to you.
State program guidelines require that a student receiving the Indiana Frank O’Bannon Grant or Indiana Evan Bayh 21st Century Scholars Award maintain full-time enrollment during the first four weeks of each semester. Less than full-time enrollment during the first four weeks will result in cancellation of the award. The National Guard Supplement and the Adult Student Grant require a student to maintain half-time enrollment during the first four weeks. After the first four weeks of the semester, funds will be returned at the same percentage as the university refund policy.
If you stop attending classes and do not notify the Office of the Assistant to the Dean of Student Affairs, you are considered an unofficial withdrawal. Any student determined to have unofficially withdrawn will have a withdraw date equal to 50 percent of the term completed. Financial aid will be reduced in accordance with federal policy. You will be responsible for any charges previously paid by the aid.
Any student who fails to begin attendance in at least one course will have all funds canceled and returned to the source of the aid.