Return to Title IV (Federal) Aid Policy
Students who receive federal funds as part of their financial aid package and who either officially or unofficially withdraw from all classes during an academic term may be required to return a portion of those funds.
This website provides basic information regarding the Return to Title IV policy. However, the complete policy can be found in the HFC Financial Aid Return to Title IV brochure. The brochure contains very detailed information, as well as examples for how the required calculations are performed.
Withdrawing or Ceasing Attendance
If a student withdraws from school “officially” (drops his or her courses via WebAdvisor) or “unofficially” (stops attending and does not successfully complete ANY classes with a letter grade of either an "A," "B," "C," "D," or "S") before the semester is completed and he or she is the recipient of federal financial aid funds, a Return of Funds Calculation is required to be performed. This calculation may result in a portion of aid being returned to the U.S. Department of Education. This oftentimes results in a balance being owed by the student to the college. Any balance that results from this calculation is the student's responsibility to repay.
Repaying Financial Aid Received
If it is determined a student owes all or a portion of the financial aid received, he or she will receive a letter from the Office of Financial Aid. In addition, the student will see the amount owed by looking at his or her account via WebAdvisor. If it is determined the student owes all or a portion of the financial aid received, he or she will be required to pay back the amount owed, regardless of the reason he or she withdrew. This policy is completely independent of the HFC Tuition Appeal Process. If it is determined a student owes all or a portion of his or her financial aid, there is no appeal process for the amount he or she will be required to repay.
Failure to repay may result in the institution referring the balance owed to a collection agency.
Students are encouraged to contact Financial Aid with specific questions regarding this policy.