Receiving Financial Aid
This section includes topics concerning a student's ability to receive aid, such as general financial aid eligibility requirements, annual cost of attendance figures, and academic progress standards. Information regarding how award eligibility is calculated (through the Expected Family Contribution and resulting need) is also included. Also, special circumstances that may alter a student's aid eligibility are discussed.
Requirements for Officially Withdrawing
If you decide to leave Indiana University East, you must follow the official withdrawal process. Details on this procedure are available from the Office of the Registrar. If some problem prevents you from withdrawing in person, you should contact the Office of the Registrar for procedures to withdraw by phone. (765-973-8292)
If you simply cease to attend your classes but do not officially withdraw, you will be considered to have "unofficially withdrawn" for financial aid purposes. The date used to determine your financial aid eligibility amount "earned" will be on a case by case basis after review. Students who unofficially withdraw may be billed in accordance with federal regulations despite the fact that an "F" grade will appear on your transcript.
Withdrawing/Ceasing to Attend Class
In accordance with federal regulations, students who withdraw from the university before the end of the semester may be required to repay federal or state financial aid funds received for use during that semester. The amount of the repayment depends upon the point in the semester at which the student withdraws. Students who cease to attend but fail to withdraw may also be subject to repayment of financial aid. Contact the Office of Financial Aid and Scholarships for further information.
Institutional Refund and Return of Title IV (Federal) Funds Policy
Return of Title IV Funds - Regulatory Summary of 668.21 and 668.22
When a student who is a recipient of Title IV loan or grant assistance withdraws during a payment period or period of enrollment in which the student began attendance, the institution must determine the amount of Title IV grant or loan assistance earned as of the student's withdrawal date.
If the total amount of Title IV grants or loans, or both, that the student earned is greater than the total amount of the Title IV grants or loans disburse to the student or on behalf of the student in the case of a parent PLUS loan as of the date of the institution's determination when the student withdrew, the difference between these amounts must be treated as a post-withdrawal disbursement.
Calculating Aid Earned - Example
The percentage of the semester completed is the percentage of aid earned. This is calculated by the number of days the student attended divided by the number of days in the payment period (i.e., semester). For example, if a student withdrew on the 20th day of a semester 114 days in length, the student would have earned only 17.5% of the aid he received. (20/114=0.175).
Students who remain enrolled through more than 60% of the payment period (semester) are considered to have earned 100% of the aid received and will not owe a repayment of Federal Title IV grant funds.
Students who receive all FN's, all FNN's or a combination of FN's, FNN's and W's during one academic period, and receive federal aid for the same academic period, may be required to repay all or part of any aid received.
An institution must return the funds for which it is responsible as soon as possible but no later than 45 days after the date of its determination that the student withdrew. An institution must determine the withdrawal date for a student that does not provide notification to the institution no later than 30 days after the end of the earlier of the payment period or period of enrollment.