Repayments

Return of Title IV, Higher Education Act (HEA) Policy

When a student applies for financial aid, the student agrees that financial aid funds will be used for educational purposes only. Therefore, if a student withdraws before completing their program, a portion of the funds received may have to be returned. UNT Dallas will calculate the amount of financial aid to be returned to the Title IV programs according to the policies listed below.

Return of Title IV Policy

This policy applies to students who officially withdraw official, unofficially withdraw, fail to return from a leave of absence, or are dismissed from enrollment at UNT Dallas. It is separate and distinct from the UNT Dallas credit balance refund policy.

The calculated amount of the Return of Title IV (R2T4) funds that are required for the students affected by this policy are determined according to the following definitions and procedures as prescribed by regulations.

The amount of Title IV (federal) aid earned is based on the amount of time a student spent in academic attendance and the total aid received; it has no relationship to student’s incurred institutional charges. Because these requirements deal only with Title IV funds, the order of return of unearned funds do not include funds from sources other than the Title IV programs.

Title IV funds are awarded to the student under the assumption that he/she will attend school for the entire period for which the aid is awarded. When a student withdraws, he/she may no longer be eligible for the full amount of Title IV funds that were originally scheduled to be received. Therefore, the amount of Federal funds earned must be determined. If the amount disbursed is greater than the amount earned, unearned funds must be returned.

UNT Dallas has 45 days from the date that UNT Dallas determines that the student withdrew to return all unearned funds for which it is responsible. UNT Dallas is required to notify the student if they owe a repayment via written notice.

Eligibility for post withdrawal disbursements will be confirmed within 30 days of the date that the student withdrew. UNT Dallas will advise the student or parent that they have 14 calendar days from the date that UNT Dallas sent the post withdraw disbursement notification to accept a post withdraw disbursement. If a response is not received from the student or parent within the allowed time frame or the student declines the funds, UNT Dallas will return any earned funds that the school is holding to the Title IV programs.

Order of Return

UNT Dallas is authorized to return any excess funds after applying them to current outstanding Cost of Attendance (COA) charges. A copy of the Institutional R2T4 worksheet performed on the student’s behalf is available through the Office of Student Financial Aid and Scholarships upon written request.

In accordance with Federal regulations, when Title IV financial aid is involved, the calculated amount of the R2T4 funds is retracted in the following order:

• Unsubsidized Direct Stafford loans (other than PLUS loans)
• Subsidized Direct Stafford loans
• Parent Plus loans
• Direct PLUS loans
• Federal Pell Grants for which a Return is required
• Iraq and Afghanistan Service Grant for which a Return is required
• Federal Supplemental Educational Opportunity Grant
• Other Title IV assistance
• State Tuition Assistance Grants (if applicable)
• Private and institutional aid
• The Student

Earned Aid

Title IV aid is earned in a prorated manner on a per diem basis (calendar days) up to the 60% point in the semester. Title IV aid is viewed as 100% earned after that point in time. A copy of the worksheet used for this calculation can be requested in writing from the Office of Student Financial Aid and Scholarships.

Institution Responsibilities

UNT Dallas’ responsibilities in regards to Title IV funds follow:

• Providing students with information in this policy;
• Identifying students who are affected by this policy and completing the Return to Title IV funds calculation for those students;
• Returning any Title IV funds required to the correct Title IV programs.

The institution will always return all of the excess funds, including funds the Return to Title IV calculation identifies as the student’s responsibility to return.

Student Responsibilities

• Any notification of withdraw should be in writing and sent to the Registrar’s office.
• A student may rescind his or her notification of intent to withdraw. Submissions of intent to rescind a withdraw notice must be filed in writing with the Registrar’s office.
• These notifications, to either withdraw or rescind to withdraw, must be sent to the Registrar’s office.
• Student must repay any funds to UNT Dallas that were disbursed to the student in which the student was determined to be ineligible for via the R2T4 calculation.

Refund vs. Return to Title IV Funds

The requirements for the Title IV program funds when a student withdraws are separate from any refund policy that UNT Dallas may have to return to the student due to a cash credit balance. Therefore, the student may still owe funds to the school to cover unpaid institutional charges. UNT Dallas may also charge the student for any Title IV program funds that they were required to return on the student’s behalf.