Return of Title IV Funds
Federal regulations require the Hazard Community & Technical College Financial Aid Office to recalculate a student s eligibility for federal financial aid funds when the student receives all failing grades (grades of E, F, W, and/or Z) during the semester. This may happen when a student unofficially or officially withdraws or is unsuccessful in all his/her classes. A portion of the total amount of Federal Title IV aid disbursed to the student must be returned to the U.S. Department of Education.
At the time a student is unsuccessful or withdraws, the Financial Aid Office will calculate the percentage of aid that must be returned. The Financial Aid Office will notify the student of the earned and unearned aid. The unearned aid will be returned to the U.S. Department of Education. The returned unearned aid will likely create a bill for the student. If so, please contact Business Services for payment options.
Funds will be returned in the following order
- Unsubsidized Direct Stafford Loan
- Subsidized Direct Stafford Loan
- Direct Plus Loan
- Pell grant