Return of Title IV Funds

  • This policy is applicable to all UNO students who receive Title IV aid and who resign (either officially through the Office of the Registrar, or unofficially by no longer attending classes) from UNO before completing 60% of
    the semester.
  • If you resign (officially or unofficially), you are responsible for returning the unearned portion of your financial aid package, including Unsubsidized Federal Direct Loan, Subsidized Federal Direct Loan, Federal Direct Plus Loans, Federal Pell Grant, Perkins Loan, and Federal SEOG.
  • If the percentage of earned aid is greater than 60%, the student does not have to return Title IV Aid.
  • The student’s withdrawal date is used to determine the student's percentage of earned aid. The withdrawal date is used also to determine what percentage of the enrollment period the student actually completed.
  • The percentage of earned aid is subtracted from 100% to determine the amount of Title IV Aid the student has
    not earned. (This is the student’s percentage of unearned aid.)
  • The percentage of unearned aid is multiplied by the amount of Title IV Aid that has been disbursed to the student to determine the amount of aid that the student must return.
  • The amount of Title IV Funds that the school must return to the Title IV Program is calculated by multiplying the total institutional cost by the percentage of unearned aid.
  • This policy pertains to all UNO students receiving Title IV funding.

Note:

After performing the Return of Title IV calculation, the student may be liable for any Title IV
funds disbursed to his or her account in excess of the amount allowed by federal regulations. Once this adjustment is made on the student’s account, the student is responsible for the subsequent balance. If no payment is made, holds will be placed on the student’s account until the overpayment
is paid in full.