All Title IV funds (including federal direct unsubsidized loans and TEACH Grants) are awarded to you under the assumption that you will attend Relay for the entire period for which federal financial aid is awarded. Under return of Title IV regulations, you are considered to have withdrawn from term if you do not complete all the days in the term they were scheduled to complete. You earn the federal financial aid you have been awarded in direct proportion to the number of days in the term you remain enrolled through the 60% point in the term. If you withdraw after the 60% point, you earn 100% of the aid received for that payment period and will not be required to return any portion of that aid.
If, as a recipient of Title IV funds, you withdraw from Relay after beginning attendance during a term, Relay will calculate the amount of federal financial aid that you have earned. If the amount disbursed to you is less than the amount earned, you are eligible to receive a post-withdrawal disbursement. If the amount disbursed is greater than the amount earned, Relay will return the unearned funds to the Department of Education. If you owe funds to Relay as a result of Relay returning unearned funds to the Department of Education, you will be responsible for paying Relay the full balance of any funds owed.