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- Academic Catalog 2023-2024
- Course Catalog
- Academic Calendar
- Undergraduate Requirements
- Graduate Requirements
- Policies and Procedures
- Search for Policy in Policy Index
- Application Policies and Procedures - Undergraduate
- Application Policies and Procedures - Graduate
- Financial Assistance
- Scholarships and Financial Aid for Undergraduate Students
- Financial Aid for Graduate Students
- Veterans’ Educational Benefits
- United States Federal Government Loans
- Satisfactory Academic Progress (SAP) with Respect to Financial Aid
- W, IN, AU, F, & R Grades, No Grade Reported, and Repeated Course Work
- Student Loan Probation Status
- Student Loan Denied Status
- Reinstatement of Aid after Student Loan Denied Status
- Loan Appeal Process
- Return of Title IV Funds
- Costs and Financial Information
- Academic Affairs
- Non-Academic Policies
- Academic Handbook
- Catalog Archives
- Log In
Return of Title IV Funds
Policy number: AD002EN
Last review date: 28 March 2018
Next review date: 1 November 2020
Issuing office: Admissions & Financial Aid
Students are responsible for following the university’s withdrawal procedures.
The 1998 Reauthorization of the Higher Education Act requires the University to calculate a return of Title IV funds (these are the Federal Stafford and PLUS Loan programs) for all federal financial aid students who withdraw (officially or unofficially) from all classes on or before the 60-percent attendance point in the semester. The percentage of the semester the student attended is used to calculate a return of Title IV funds in the event of withdrawal. To determine the percentage, a pro-rata schedule is used and is based on the withdrawal date, the last date of attendance or the date that the University was made aware that that student was no longer attending. The number of days between the beginning of the semester and the withdrawal date are counted. This includes all calendar days in the semester, excluding University breaks that exceed five days in length. Approved Leave of Absence days are not counted.
The percentage of the semester attended by the student is used to determine the amount of earned federal funds against the amount of unearned federal aid funds. The order of return is Federal Unsubsidized Loan, Federal Subsidized Loan, Federal PLUS Loan, and other Title IV aid. AUP is required to return its portion of unearned Title IV aid to the appropriate Federal program within 30 days of the date that the student withdraws from classes. If the Title IV aid amount disbursed to the student is less than the amount of Title IV earned, the difference is considered to be a post-withdrawal disbursement. Post-withdrawal eligibility can be used to credit outstanding charges on the student’s tuition account. The University will notify the student and/or parent borrower of eligibility for a post-withdrawal disbursement. The student may decline the aid so that additional debt is not incurred.
Withdrawing from classes means that a student may not receive further financial aid disbursements, may have to repay some or all of the aid that has already been disbursed, and will be personally responsible for payment of any charges for tuition and fees that are due.
Who is affected by this policy: Students receiving US federal loans.
Legal context or regulatory body: Higher Education Act of 1965, as amended in 1998.
Responsibilities:
The Office of Admissions and Financial Aid determines and calculates any amount of funding to be returned to the federal program(s).
Students understand and follow AUP’s withdrawal procedures and the impact of withdrawal on financial aid.
Definitions:
Title IV: Title IV of the Higher Education Act of 1965, as amended in 1998, (Title IV, and HEA program) establishes general rules that apply to federal student financial assistance programs.
Issuing office and contact: The Office of Admissions and Financial Aid, 5 Bd de la Tour-Maubourg, 75007 Paris, admissions@aup.edu, +33 1 40 62 08 17.