Final Note Students and parents may have questions or concerns not addressed within this material. All students and parents are encouraged to contact the Financial Aid Office regarding any financial aid issue that may arise. Federal Return of Title IV Funds Policy Withdrawing students must also be aware that in addition to the Lycoming College Student Withdrawal Billing Policy, a Federal Return of Title IV Funds must also be calculated for any Pell Grant, FSEOG, Direct Stafford Loan, Direct PLUS Loan, Iraq & Afghanistan Service Grants, or TEACH Grant. The College is required to perform a Return of Title IV Funds calculation for all federal financial aid recipients who withdraw (officially or unofficially) from all classes on or before the 60% attendance point of the semester. Students may have An administrative fee of $100 will be charged to the student’s account. Please note that there is no adjustment of tuition, fees, room and board after the sixth week of the semester. For freshmen, the adjustment of charges period will be extended into the week that early assessment grades are distributed to students and parents. A compressed Time of Withdrawal table will apply to the May and Summer terms. a balance due to the College, Federal Government, or both, if any of all portions of their Title IV aid must be returned. Per Federal regulations, the following must be credited to outstanding balances in the following order for the payment period or period of enrollment if a return is required: 1. Unsubsidized Federal Direct Stafford loans. 2. Subsidized Federal Direct Stafford loans. 3. Federal Direct PLUS received on behalf of the student. 4. Federal Pell Grants. 5. Iraq and Afghanistan Service Grants. 6. FSEOG Program aid. 7. TEACH Grant 15
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