49
OUT-OF-HOURS APPEAL – DEGREE PLAN AUDIT
If a student is notified that he has attempted the maximum number of hours allowed
on financial aid but he has changed his major, he may submit an appeal to the
director of student financial aid by following the directions below:
•
This appeal MUST be in writing and must include an Appeal Form – Degree
Plan Audit
•
The appeal MUST be completed by an academic advisor who will submit
the completed appeal form to the director of financial aid.
•
This form lists the degree plan the student is currently following, along
with a listing of courses lacking to complete the degree with TVCC.
•
The courses listed on the audit will be the only ones for which a student
can receive financial aid.
RETURN OF UNEARNED TITLE IV
FINANCIAL AID (R2T4)
If a student receives Title IV funds (Pell, FSEOG and/or student loans) and
withdraws from TVCC, HE/SHE MAY OWE A REFUND TO THE DEPARTMENT OF
EDUCATION. THIS SHOULD BE VERIFIED BY THE FINANCIAL AID OFFICE PRIOR TO
WITHDRAWING.
Students attending TVCC who are receiving Title IV funds and withdraw from this
institution will have a Return of Unearned Funds calculation performed at the time
of withdrawal to determine if the student owes a partial refund on the funds that
he/she received. The following procedure will be used to determine the amount that
the student must repay:
The total amount of Title IV aid awarded will be determined.
The student’s withdrawal date in relationship to the total number of days in the
term will be determined. This procedure will determine the actual percentage of aid
earned.
The total amount of aid earned will be subtracted from the total amount distributed
to the student. The difference will be the amount that must be returned to the
agency from which the funds were granted.
The total institutional charges for the term will be determined and the unearned
percentage will be calculated.
The total calculated amount to be returned will be compared to the total calculated
unearned institutional charges. The lesser of the two amounts will be used as the
actual amount that TVCC must collect from the student and repay to the Department
of Education.
This amount must be paid in the following manner until the total calculated amount
is fully returned:
1.
Unsubsidized William D. Ford Direct Student Loan
2.
Subsidized William D. Ford Direct Student Loan
3.
Direct William D. Ford Parent PLUS Loan
4.
Pell Grant
