Withdrawing From School Could Cost You Money!
Any student who received federal financial assistance and stops attending classes or withdraws from the university could be required to pay back several hundred dollars to the federal government.
To earn 100 percent of the financial aid that you received, you must attend classes beyond 60 percent of the semester. If you drop or stop attending classes before the 60 percent point of the semester, then you must pay back the percentage of financial aid that you received but did not earn.
We hope that you do not have to leave McNeese State University. However, if circumstances force you to do so, please check with the Office of Financial Aid concerning the amount you may owe to the federal government.
Withdrawal from Courses and Resignation from the University
A student can withdraw from a course by completing a Course Withdrawal Form with an advisor either after the last day of late registration or through the last day to withdraw from the course and by submitting the completed form to the Office of the Registrar. The student will then be withdrawn from the course, and a grade of “W” will be assigned.
A student who wishes to withdraw from all courses must resign from the University.
Resignations must be received in the Office of the Registrar by the designated date published in the University calendar.
The deadline for withdrawing from a course or resigning from the University is approximately 75 percent into the semester or summer session.
See the McNeese State University Catalog for more details.
FEDERAL “RETURN OF TITLE IV FUNDS” POLICY
Revised September 2011
All students who resign from the University must submit written notice of resignation to the McNeese Office of the Registrar.
For purposes of this policy, an institutional refund means the amount paid for institutional charges for a payment period by financial aid and/or cash payments minus the amount retained by the institution for the portion of the payment period that the student was actually enrolled at the institution. If a student, who has earned Title IV financial assistance, withdraws or stops attending class on or before completing 60% of the semester in which the Title IV aid was disbursed, the following Return of Title IV Funds policy will be applied.
McNeese State University implemented the new federal Return of Title IV Funds policy beginning with the Fall 2000 semester per the Higher Education Act of 1998. This policy applies to any student who has earned Title IV aid which is Federal Pell Grant, TEACH Grant, Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant (SEOG), Federal Stafford Loans (Subsidized, Unsubsidized and Parent) and who officially withdraws, drops out, stops attending, is expelled, takes an unapproved leave of absence, or fails to return from an approved leave of absence. Refer to the “Withdrawal from the University” section of the McNeese State University catalog for requirements for officially withdrawing from school.
The amount of Title IV Funds to return to the applicable federal programs will be determined by using the student’s last date of attendance to calculate the percentage of the enrollment period for which the student did not complete. Scheduled breaks of five or more consecutive days are excluded. McNeese will remit the percentage of unearned Title IV Funds that were disbursed or that could have been disbursed to the federal programs. The funds will be returned no more than 45 days from the date that the last date of attendance was determined. McNeese State University will return the lesser of the total of unearned aid or an amount equal to institutional charges multiplied by the percentage of unearned aid. The student will be responsible for repaying any remaining unearned portion that was disbursed to them. Students who did not receive all of the funds earned may be due a post-withdrawal disbursement.
Failure to attend class or failure to resign properly could cause the student to receive a letter grade of F, I, U, WN, NR, IN, IPC, NCE in all courses. In this case, the student would still be subject to the return of funds policy once an official last date of attendance is established. Merely discontinuing class attendance is not considered to be a formal resignation from the university. Students who were awarded financial assistance and who discontinue class attendance may be held responsible for repayment of all tuition and fees. Please refer to the “Class Attendance Regulations” section of the McNeese State University catalog for requirements on class attendance.
If student’s portion of unearned Title IV funds is a loan, no action by the school is necessary. Regular loan terms and conditions apply. If student’s portion of unearned Title IV funds is a federal grant, the student will be required to return no more than 50% of the amount received for the enrollment period.
In the event of official resignation, the McNeese institutional refund policy will be applied and tuition will be reduced by that amount. The student may be liable for any Title IV funds disbursed to their account in excess of the amount allowed by federal regulations. The school will collect the portion of any assistance owed by the student. If no payment is received, holds will be placed on the student’s account and the student will lose eligibility for Title IV aid unless the overpayment is paid in full or satisfactory repayment arrangements are made.
Unearned funds are allocated to the Title IV programs from which the student received assistance, in the following order:
- 1st Unsubsidized Federal/Direct Stafford Loans
- 2nd Subsidized Federal/Direct Stafford Loans
- 3rd Federal Perkins Loans
- 4th Federal PLUS Loans
- 5th Federal Pell Grant
- 6th Federal SEOG Grant
- 7th Federal TEACH Grant
- 8th Other Title IV Programs
After the institutional refund has been credited in this order, any remaining amount will be returned to the student.