Students who receive Title IV financial aid (Pell, SEOG, Direct and/or Perkins loans), and withdraw completely are subject to the Return of Title IV Funds calculation. According to Return of Title IV Funds, students earn their financial aid on the basis of the portion of the semester that is completed. The University also earns a portion of the financial aid. Aid that is determined to be unearned by the student and/or University must be returned to the appropriate Title IV program.
Students who are subject to Return of Title IV funds will be contacted by the financial aid office and informed of the calculation result, as well as the amount of any balance owed to the University after unearned aid has been returned. Since most students receive a financial aid refund check prior to withdrawing, students should realize that in most cases, they will owe the University for unearned aid that must be returned.
A student who withdraws on 03/03/06 has completed 52.7% of the fall term. The student has received $1,950.00 in Pell grant funds. The student has earned 52.7% of the Pell grant - $1,027.65. We must therefore return $922.35 of the Pell grant. The student will then owe SIUE $922.35.
If you receive notification of academic suspension after completing registration for the next term, you will be withdrawn from the University automatically. If you have already paid tuition and fees for the next term, contact the Enrollment Center to initiate a refund.
For more information on the full withdrawal policy, visit the Admission Counseling & Recruitment web site.