Return to Title IV

Return to Title IV

 

Students who receive federal financial aid to attend GBC and withdraw from 100% of their courses during a semester are subject to federal regulations governing refunds and repayment. These regulations pertain only to the federal financial aid (Title IV) received and have been written in terms of earned versus unearned aid. The corresponding applicable amounts are determined by the number of days a student attended classes prior to completely withdrawing. Students who only partially withdraw from courses during a semester will follow GBC’s general refund policies.

If a student receives all W or F grades for a semester, the SFSO will complete a mandatory return of unearned funds calculation. The calculation is determined by the last date of academic participation and/or withdrawal date. A federal formula is used which is provided by the U.S. Department of Education. A student may have to repay funds back to the Department of Education and/or GBC according to the formula. As such, a letter will be sent to the student, and the student will have 45 calendar days from the date of the letter to repay the funds.

For more information see https://gbcnv.edu/financial/returnoftitleivfunds.html