For Financial Aid Recipients

Federal regulations require recalculation of federal financial aid eligibility for students who withdraw, drop out, or are dismissed prior to completing sixty percent of an academic term. An example of the Return to Title IV Fund calculation is available in the Financial Aid/VA Office. You may also view the example online by clicking on the links to Return of Title IV Funds Example Page1 and Return of Title IV Funds Example Page2.

Recalculation is based on the percent of aid using the following formula: Percent earned = Number of Days Completed Up to the Withdrawal Date - Divided By- The Total of Days In a Semester/Term. If the calculation results in an overpayment, the student will owe the balance to the College. The student should come by the Financial Aid/VA Office to make payment arrangements on this balance. If the student fails to pay the debt to the College within 45 days of notification, the debt will be reported to the U.S. Department of Education as an overpayment. Federal eligibility is lost until the debt is paid or satisfactory arrangements are made with the U.S. Department of Education. Financial aid students must notify the Financial Aid Office before withdrawing.

Students formally withdrawing from all their classes within the semester must do so through Registration Services using one of the following methods:

• in person at all campus
• on-line at mycollege.cpcc.edu
• by telephone (Chris) at (704) 330-6970. Please have your CPCC PIN# readily available to complete the process.

According to federal regulations, students who stop attending their classes within a given term without formally withdrawing will have the Return to Title IV Fund calculation calculated using the 50% point of the semester.