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 term that you applied for aid in. Under return of Title IV regulations, your enrollment status is "withdrawn" if you do not complete all the days in the term you were scheduled to complete. In other words, you must earn the federal financial aid you have been awarded by attending through at least the 60% point in that term. If you withdraw after the 60% point, you will have earned 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 through your attendance, you are eligible to receive a post-withdrawal disbursement. If the amount disbursed is greater than the amount that you 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 in addition to any tuition charges you have accrued.
Why do I have to return my financial aid?
