7-01.1 Procedure - Title IV Refund Policy

RETURN OF TITLE IV FUNDS

The term “Title IV Funds” refers to the Federal Financial Aid Programs authorized under the Higher Education Act of 1965 (as amended) and includes the following programs at Greenville Technical College (GTC):

  • Unsubsidized Federal Direct Loan
  • Subsidized Federal Direct Loan
  • Federal Direct Plus Loan (Parent)
  • Federal Pell Grant
  • Federal Supplemental Grant (FSEOG)
  • Iraq and Afghanistan Service Grant

A student’s federal Financial Aid eligibility must be recalculated and these regulations apply when a student fails to complete the period of enrollment for which he/she was charged due to one or more of the following situations:

  • Change in a student's schedule, which results in fewer credit hours
  • Course or courses dropped or withdrawn
  • Cancellation of a class by the College
  • Total withdrawal or expulsion from the College

As a recipient of Title IV aid, it is the student's responsibility to earn the aid provided for their period of enrollment. The law specifies how the school must determine the amount of financial aid earned at the time of complete withdrawal. Students who find it necessary to withdraw from GTC must do so in writing to the Student Records Office, Web Advisor via GTC4me or at one of the branch campuses.

INSTITUTIONAL REFUND POLICY WHEN A STUDENT WITHDRAWS

This policy applies to students who have received TITLE IV funds and withdraw or are withdrawn from Greenville Technical College. Refunds for these students are determined as follows:

A student’s withdrawal date is computed as follows:

  • The date the student began the institution’s withdrawal process (as described in the GTC catalog).
  • The first day of the period where a student receives all failing grades and attendance cannot be confirmed in all classes.
  • The student’s last date of attendance at a documented academically related activity.

Title IV aid is earned in a prorated manner on a daily basis up to the 60% point in the semester. Federal Regulations state that a student must attend through the 60% point of the semester in order to earn 100% of their federal financial aid.