Adjustments to a student's financial aid can be related to several factors:
- Receipt of new information concerning the student's aid application
- Clarification of existing information
- Change in enrollment status
- Complete withdrawal from the University
During the first week of each semester, called "Validation Week" or “Census date” students will have an opportunity to change their enrollment status/registration or room/meal plan with no financial penalty. After Validation Week, there will be no adjustment to tuition or financial aid if the student drops a class or changes to a different room/board plan.
If a student adds a class later in the semester (change in enrollment status), he or she will be charged the appropriate tuition and fee but may not receive an increase in financial aid.
It is extremely important that students validate their enrollment during the first week of each term to receive the maximum financial aid for which they are eligible.
Return to Title IV (Federal) Aid Policy
If you receive federal funds as part of your financial aid package and you either officially or unofficially withdraw from all classes during an academic semester, you may be required to return all or a portion of those federal funds. This is called the Return to Title IV Policy (Title IV is a federal statute that relates to federal financial aid).
Withdrawing or Ceasing Attendance: Implications for Federal Financial Aid
It is very important that you attend and complete your classes. If you withdraw from school officially (drop all courses) or unofficially (fail to attend courses or stop attending and do not successfully complete ANY classes with a letter grade of either "A," "B," "C," "D," or "P") before the semester is completed, and you have already received federal financial aid funds, the U.S. Department of Education will initiate a Return of Funds Calculation. This calculation may result in all, or a portion of, your financial aid for that semester being returned to the U.S. Department of Education. This means you will owe those funds back to Briar Cliff University. It will be your responsibility to repay these funds in a timely manner.
Repaying Financial Aid Received
If the Return of Funds Calculation determines that you must repay all or a portion of the financial aid you received, you will receive a letter from the BCU Office of Financial Aid notifying you of the amount that was returned to the Department of Education.
The Return of Funds Calculation does not consider the reasons for your withdrawal. It is simply a calculation of how much you must repay. If you are notified to repay all or a portion of the financial aid you received for a semester, the decision is final. The U.S. Department of Education provides no appeal process for the amount you are required to repay. The amount is based on the Return of Funds Calculation due to your withdrawal from classes.
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