Student Financial Services
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Return of Title IV

Students are awarded federal aid based on attendance for an academic term and the number of hours enrolled. When you do not complete an academic term (withdraw), federal regulations (34 CFR part 668.22) require that we return any unearned portion of Title IV aid that you received, or may be eligible to receive, based on the number of days attended.

All schools must use the same federally mandated formula in determining the amount of aid you have earned, and the amount of aid that you and Baylor are required to return to the financial aid programs. Federal regulations also determine the order of the financial aid programs from which federal funds must be returned.

You are required to notify the Paul L. Foster Success Center if you decide to withdraw from Baylor. The Success Center will notify the Student Financial Aid Office of your withdrawal. You will receive a letter from our office notifying you of any federal aid that you are eligible to keep or that you may be eligible to receive (in the event you are eligible for but have not yet received the aid at the time of withdrawal). You will need to read this letter carefully and take any action that may be required.

Please contact the Student Financial Aid Office if you have questions regarding the impact of your possible withdrawal on your federal financial aid. Counselors will be able to provide you with an estimate of your adjusted federal aid based on your expected withdrawal date.

Example:

Attended 1 day of class
Earned 0.9 percent of federal aid
Unearned amount to be returned 99.1%

Federal Aid Awarded

Percentage Earned 

Earned Amounts 

Unearned Amount 

$6,152 

 0.9

 $55 (rounded)

 $6,097

Federal Fund

 Amount Awarded

Unearned

Balance $6,097

Earned

Direct Subsidized Loan 

(Net Amount) $1,742 

$1,742 

$4,355 

$0 

Direct Unsubsidized 

(Net Amount) $2,985 

$2,985 

$1,370 

$0 

Pell Grant 

$1,350 

$1,350 

$20 

$0 

SEOG 

$75 

$20 

$0 

$55

TOTAL 

$6,152 

$6,097 

 

$55 


Please remember: There are many variances that must be taken into account when determining an official Return of Title IV Calculation. The information above is an example only; your eligibility will be based on your actual withdrawal date and federal awards. If you have questions regarding the impact of your withdrawal on your financial aid prior to officially withdrawing, please contact our office and speak to a counselor.