Withdrawal and Return of Title IV Funds (R2T4) Policy

If you’re receiving financial aid grants or loans, you must attend your classes. Don’t drop or stop attending any class without consulting the Financial Aid Team. Changes in your enrollment level and failing grades may require you to repay federal financial aid funds.

Federal regulations require you to repay a portion of financial aid funds if you withdraw from all classes before satisfying the 60 percent completion rule for the enrollment term.

PSU Undergraduate fall and spring semesters 60 percent dates for 2015-2016 are:

•Fall 2018: after October 29, 2018

•Spring 2019: after April 1, 2019

It is important to recognize that there are potentially two forms of financial aid that may be refunded if a student withdraws: federal and institutional funds. If the university requires the student to withdraw, there will be no refund. For more information on PSU’s Refund Policy, please contact Student Account Services.

How a withdrawal affects financial aid
Return of funds R2T4 calculation process
Steps in the return of Title IV funds policy
Types of withdrawals
Determination of the withdrawal date
Withdrawing prior to completing 60 percent of a term
When a student fails to begin attendance
When a student fails to earn a passing grade in any class
Students who receive all failing grades at the end of the term
Repayment calculation process
Definition of an academic related activity
Return of Title IV funds for students enrolled in parts of term
Repayment calculation of unearned aid as a result of a withdrawal
Overpayment of federal grant funds
Additional loan information to consider when withdrawing
School and student responsibility for return of unearned federal funds
Repayment of unearned funds
School and Student responsibilities in regard to the R2T4 policy & process
How institutional aid is affected by a withdrawal
How a withdrawal affects future financial aid eligibility