Return to Title IV (R2T4) Policy
Title IV (federal) financial aid funds are awarded under the assumption that a student will remain enrolled and attending for the entire period for which the funds were awarded.
If a student withdraws from one or all courses, regardless of the reason, they may no longer be eligible for the full amount of federal funds originally awarded and/or disbursed. The return of funds to the federal government is based on the premise that a student earns financial aid in proportion to the length of time during which they remain enrolled and attending courses.
When a student officially withdraws, CCBC considers this the official withdrawal date. If the student does not officially withdraw, the withdrawal date is considered as the midpoint of the payment period unless documentation exists in the Financial Aid office that the student attended through a later date. This date then becomes the last day of attendance and is used for the refund calculation.
CCBC will return any unearned Title IV funds it is responsible for returning as soon as possible but no later than 45 days after determining the student has withdrawn, and offer any post-withdrawal disbursement of loan funds within 30 days of that date. If a student is entitled to a credit balance, CCBC will disburse as soon as possible and no later than 14 days after the calculation.