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Return of Title IV Funds Policy
***PLEASE NOTE: The college refund policy and the Federal Return of Title IV Funds policy are independent of each other. Transcripts and/or grade reports will not be issued to students with unpaid balances.
If you received taxpayer supported financial aid authorized by Title IV legislation and administered by the Federal Department of Education, an official or unofficial withdrawal will affect your current financial aid, your future financial aid eligibility, and potentially your personal finances. Colby Community College strongly encourages students to read and understand the policies below prior to making a final decision about withdrawing from classes.
Federal financial aid is disbursed under the assumption that the student will attend for the entire period of time for which the student was awarded the funds. When a student withdraws from all courses for any reason including medical withdrawals that student ount of financial aid funds that were awarded.
Federal law (34 CFR ) requires schools to calculate how much financial aid a student has earned if that student: