The University defines withdrawal as a termination of all your enrollment for the term. If a student withdraws:
Federal regulations state that a student is entitled to the amount of Title IV aid the student earned prior to his/her withdrawal date.
days in the period of enrollment*
|= percentage of aid earned|
*excludes scheduled breaks of 5 or more days
If a student's percentage of aid earned is greater than 60%, no aid will be returned for the term in which the student withdrew.
Title IV Aid
In most cases the Return of Title IV Aid calculation requires the school and the student to return the unearned portion of federal (Title IV) aid. The order of the unearned federal aid to be returned:
*The student/parent portion of the loan is to be repaid in accordance with the terms of the Promissory Note.
Institutional and State Aid
It is the University of Colorado at Colorado Springs policy not to return institutional and state aid after the census date.
Return of Other Aid is determined by the donor.
When a Student notifies the financial aid office of his or her intent to withdrawal from the university, the official date of withdrawal for the Return of Title IV calculation is the date the student notified the financial aid office, not the date the student completed the official withdrawal process for the university.
If a student decides not to withdraw after notifying the financial aid office, the student will be required to turn in a letter rescinding his or her intent to withdraw. If a student withdraws after submitting this request, the original date of intent will be used in the Return of Title IV calculation.
Students that stop attending classes and do not follow the Official Withdrawal Process for the University and receive all F's are considered an unofficial withdrawal for the term that they were enrolled in. For students that unofficially withdraw from the University, the student's last date of attendance, as determined by the grading policy, will be used in the Return of Title IV calculation. Once the last date of attendance has been determined the same policy discussed above will be applied to determine the unearned aid that will be returned.
Note: Once the last date of attendance has been determined, the withdrawal calculation is completed, the last date of attendance will not be adjusted. Please contact the financial aid office to discuss any exceptions.
All students that withdraw officially or unofficially from the University will receive a letter from the Financial Aid Office explaining why their aid was reduced and how much was returned due to Return of Title IV calculation. The student will also receive a revised bill from Student Financial Services showing how much is due to the University.
To ensure you receive this information in a timely manner, please make sure your address and phone number are updated with the university.