Return of Title IV Funds

The Department of Education has changed its policy for students who withdraw from school before the semester has been completed.

Students withdrawing during the first 60% of the semester will owe grant and/or loan funds to the government and/or Lamar Institute of Technology.

According to federal regulations (34 CFR668.22):

Any student receiving federal funding, who withdraws prior to completing 60% of the term, must return the unearned portions of any aid disbursed. The applicable refund(s) will be calculated by the school and returned to the proper source within 30 days of the withdrawal, and according to the following sequence:

• Loans (Unsubsidized, then Subsidized)
• Federal Grants (PELL, then SEOG)
• State Assistance
• Student (if any credit has been calculated)

THERE ARE NO EXCEPTIONS TO THIS RULE AND YOU CANNOT APPEAL THIS DECISION TO LAMAR INSTITUTE OF TECHNOLOGY

Students owing refunds must clear balances to all agencies in order to enroll for future semesters, receive transcripts and/or qualify for any type of financial assistance.

Students withdrawing after the first 60% of the semester at LIT will be responsible for 100% of their tuition and fees.

Unofficial Withdrawals and All F's

If the student does not officially withdraw but fails to earn a passing grade in at least one course during a semester, he/she is considered to have, for the purpose of federal Title IV funds, unofficially withdrawn from the college. As a result the R2T4 calculation must be performed to determine the amount of Title IV aid that must be returned. The only exception to this rule is when the school can document that the student was academically engaged in at least one class on or after the 60% point of the semester. Students who have all F's are considered to have unofficially withdrawn unless the school can document the student attended 60% of the term. Students will be notified in writing when the return is completed.

THERE IS NO EXCEPTION TO THIS RULE AND YOU CANNOT APPEAL THIS DECISION TO LAMAR INSTITUTE OF TECHNOLOGY.

Students owing returns must clear balances to all agencies in order to enroll for future semesters, receive transcripts, and/or qualify for any type of financial assistance.